Reuters Money: August 28, 2015

Click to View in Browser Friday, August 28, 2015 Investors still in the dark as cyber threat grows LONDON/BOSTON (Reuters) - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. BNY Mellon glitch disrupted pricing on nearly 5 percent of US funds (Reuters) - BNY Mellon Corp's computer glitch this week disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds, according to data from Morningstar Inc and Lipper Inc. Athletes' habits die hard in new lives as financial pros (Reuters) - College and professional athletes may be clients financial advisers love to get, but many also find good homes on the other side of the desk. Ackman's hedge fund down 13.1 percent for August BOSTON (Reuters) - Hedge fund mogul William Ackman's Pershing Square Holdings portfolio fell 13.1 percent this month, leaving the fund down 4.3 percent for the year, the firm said on Thursday. Schwab says online access to trading platforms unavailable (Reuters) - Charles Schwab Corp's online trading platforms were temporarily unavailable, a spokesman for the brokerage firm said on Friday morning. Hedge funds that crowded into same names likely to nurse losses BOSTON (Reuters) - Hedge fund managers often promise to find stock ideas off the beaten path but this month many prominent players have been bloodied by doing exactly the opposite; betting on a small handful of popular names that sold off sharply in August. Young workers in target-date funds hit hard by market drop CHICAGO(Reuters) - As the stock market has whipsawed over the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit. Wall Street is for sale - but is it cheap? NEW YORK (Reuters) - During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains - and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive. Scotiabank profit tops estimates, energy-sector bad loans rise TORONTO(Reuters) - Bank of Nova Scotia reported a quarterly profit that beat market expectations on Friday on growth in its international retail banking segment, while bad loans in the energy sector climbed as the oil price selloff took a toll. Icahn targets struggling miner Freeport-McMoran with 8.5 percent stake (Reuters) - Activist investor Carl Icahn disclosed an 8.5 percent stake in miner Freeport-McMoran Inc, saying the company was undervalued and needed to address several corporate governance and capital issues. Related Video Fed rate hike could be delayed until 2016 - Nick Colas Apple boosted global market share in Q2- Gartner Related News Wall Street opens lower after two-day rally Consumer spending rises in July; inflation muted Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook