Millennials reaching middle age and starting to earn real money

NEW YORK (Reuters) – Millennials are starting to earn real money. The oldest of them are pushing 35 years old, an age that is considered by some to be – OMG – middle age.

The first jobs of four social entrepreneurs who changed the world

In the days of railroad barons and oil tycoons, it might have meant amassing the most cash possible. These days, the idea of true success has shifted toward the “social entrepreneur” – those who can…

Pimco Total Return fund posts $1.6 billion net outflows in October

NEW YORK (Reuters) – Pacific Investment Management Co’s flagship fund posted a $1.6 billion cash withdrawal in October, its smallest monthly outflow this year, the Newport Beach, Calif-firm said on…

Private equity firm Lovell Minnick raises $750 million for new fund

NEW YORK (Reuters) – Private equity firm Lovell Minnick Partners said it raised $750 million for its fourth institutional buyout fund, which is focused on middle-market financial services companies.

Hedge fund Marcato gains 8.4 percent in October: source

(Reuters) – Activist hedge fund Marcato Capital Management gained 8.4 percent last month as its bets on Goodyear Tire & Rubber Co, NCR Corp, and its recently acquired stake in LPL Financial Holdings…

Morgan Stanley Americas M&A head Eatroff departs for Comcast

(Reuters) – Morgan Stanley’s Americas M&A chief Bob Eatroff is leaving the bank for a corporate development role at Comcast Corporation, the second departure this fall of a senior dealmaker at the…

Baron Growth fund adds biotechs Atara, ConforMIS to portfolio

NEW YORK (Reuters) – The $7 billion Baron Growth fund initiated positions in biotechnology firms Atara Biotherapeutics Inc and ConforMIS Inc during a sell-off in biotech companies last quarter,…

Fed mulling higher capital cushion for banks handling commodities: FT

WASHINGTON (Reuters) – The U.S. Federal Reserve is considering requiring banks that handle physical commodities to increase their capital buffers as a hedge against accidents, such as tanker spills…