Reuters Money: September 3, 2015

Click to View in Browser Thursday, September 3, 2015 Ackman's Pershing Square hedge fund drops 9.2 percent in August BOSTON (Reuters) - Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Investment bank income seen down 19 percent in third quarter from rocky markets LONDON (Reuters) - Investment banks' revenue is likely to drop by almost a fifth in the third quarter from the previous three months as volatile market conditions hurt equities and credit trading and deal activity, analysts at JPMorgan said. What is wrong with millennial credit scores NEW YORK (Reuters) - Millennials get plenty of recognition for frugality and their desire to share everything from cars to clothes, but they also have the lowest average credit score of any generation, according to a new study. Pimco Total Return assets drop below $100 billion, first time since '07 NEW YORK (Reuters) - Pacific Investment Management Co's flagship fund dropped below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak. U.S.-based stock fund outflows in latest week most since October 2012: ICI NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled $11 billion out of stock funds in the week ended Aug. 26, data from the Investment Company Institute (ICI) showed on Wednesday, as concerns over slowing growth in China sent stock markets tumbling. Gundlach's DoubleLine Funds posts 19th month of inflows in August NEW YORK (Reuters) - DoubleLine Funds, whose co-founder Jeffrey Gundlach is widely followed for his investment calls, on Wednesday reported $1.08 billion in net additional investments in August, the 19th consecutive month it has attracted new money. Forget Wall St. analysis, mine Twitter for trades NEW YORK (Reuters) - Investors might want to put aside all that Wall Street research and instead turn their eyes to Twitter. BNY Mellon pricing snafu highlights bank's fragmented technology BOSTON (Reuters) - BNY Mellon Corp's recent high-profile computer glitch has highlighted how reliant the bank is on a patchwork of in-house and third-party technology platforms despite a pledge by Chief Executive Gerald Hassell to simplify things. Three ways to avoid guilt over taking a vacation NEW YORK (Reuters) - By all accounts, Iceland is one of the most magical places on Earth: A landscape of soaring glaciers, lava fields, steaming hot springs and black-sand beaches. 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. Related Video The U.S. labor market cooled in August International central bankers want U.S. rate hike Related News Wall St. opens higher on strong U.S. data Shrinking U.S. trade gap shows economy's underlying strength 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