Reuters Money: September 1, 2015

Click to View in Browser Tuesday, September 1, 2015 Calpers, Calstrs oppose joint CEO-chairman role at Bank of America (Reuters) - Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. Brokers fume as U.S. looks to protect investors from expensive duds NEW YORK (Reuters) - For most people saving for retirement, buying a non-tradeable real estate investment trust that charges fees and commissions of 11 percent or more doesn't sound like a good deal. Exclusive: Citi aims to boost equities franchise amid industry shakeout NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. BNY Mellon says catching up providing missing fund prices (Reuters) - BNY Mellon Corp said it has worked through a backlog of missing prices on about 1,200 mutual funds and exchange-traded funds, more than a week after a software glitch at the world's largest custody bank disrupted pricing for about 5 percent of the U.S. fund industry. Einhorn and Loeb's hedge funds both decline 5 percent in August BOSTON (Reuters) - Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. DoubleLine Capital opens commodity mutual fund to investors (Reuters) - DoubleLine Capital, the investment firm overseen by Jeffrey Gundlach, on Monday opened a new mutual fund to give investors exposure to commodities markets and help them diversify. BNY Mellon expects to fix pricing glitch before markets open (Reuters) - BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said. U.S. fund managers want less market intervention from Chinese regulators BOSTON/NEW YORK (Reuters) - U.S. fund managers want less involvement from officials in China in the country's volatile stock markets, even if it means their portfolios take hits in the short run. Shareholder activism grows overseas as U.S. market gets crowded NEW YORK/LONDON (Reuters) - Activist hedge funds have launched more non-U.S. campaigns this year than any year since the financial crisis, as managers slowly expand overseas in the face of a more challenging market at home. 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. Related Video International central bankers want U.S. rate hike Americans making and spending more money Related News China jitters send global stocks tumbling Wall St. set to open lower after weak China data 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