Reuters Money: September 4, 2015

Click to View in Browser Friday, September 4, 2015 Circus roadie, ice-cream scooper: The first jobs of famous couples NEW YORK (Reuters) - Before they found fame, or found each other, what did celebrity couples like Dr Phil and Robin McGraw do in their first jobs? Why planning to work in retirement is a risky business CHICAGO (Reuters) - Planning to work longer to bolster your retirement finances? Omega bullish on U.S. stocks, blames August turmoil on momentum investors NEW YORK (Reuters) - Leon Cooperman and Steven Einhorn's Omega Advisors remains bullish on U.S. stocks and blames much of August's market turmoil on so-called risk parity funds and momentum investors known as CTAs, according to a letter the fund sent to investors. Bridgewater's 'All Weather Fund' slumps amid market storm NEW YORK (Reuters) - An $80 billion portfolio managed by hedge fund titan Ray Dalio's Bridgewater Associates and widely held by many pension funds slumped in August and some investors blame the strategy of such funds for the eruption in volatility that slammed stocks and commodities. 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. 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. 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. Hedge funds Maverick, Tiger Ratan up double digits for YTD BOSTON (Reuters) - The average hedge fund manager is losing money this year, but at least two of them - both proteges of legendary investor Julian Robertson - are posting gains of more than 20 percent. 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. U.S.-based taxable bond mutual funds post sixth week of withdrawals NEW YORK (Reuters) - Investors in U.S.-based funds pulled $4.36 billion out of taxable bond funds in the week ended Wednesday, marking their sixth consecutive week of withdrawals, data from Thomson Reuters' Lipper service showed on Thursday. Related Video Tesla tweets delivery date for Model X The U.S. labor market cooled in August Related News U.S. job growth slows, unemployment rate falls to 5.1 percent Wall St. opens lower after August jobs 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