Diversified Financials Capital Markets

  • TOKYO, Nov 25- Japan's Government Pension Investment Fund, the world's largest pension fund, posted a gain of 2.37 trillion yen in the fiscal second quarter thanks to a rebound in global stock markets. During the quarter, world stocks rebounded from lows hit after Britain voted in June to leave the European Union, which triggered a surge in the yen against the...

  • BRUSSELS, Nov 24- EU pension funds will have to include environmental risks in their investment strategies, under a law passed on Thursday, that ecologists hope will encourage money to flow out of fossil fuels and into greener sectors. It comes as the European Union looks at other measures to reduce long-term systemic risks linked to climate change, extreme...

  • SHANGHAI/ HONG KONG, Nov 24- German insurer Allianz is setting up a wholly-owned unit in Shanghai to launch hedge funds that invest abroad, three sources said, as some foreign managers prepare for China to ease curbs on overseas investments aimed at stemming capital outflows. The unit of Allianz, the world's fourth largest money manager by assets, will then apply...

  • BEIJING, Nov 24- China's banking regulator may be getting serious about how lenders provision for the more than 20 trillion yuan of wealth management products that have been issued as non-guaranteed off-balance sheet liabilities. The China Banking Regulatory Commission, in new draft rules released on Wednesday, demanded banks apply a more "comprehensive"...

  • Ireland lacks specialised supervisors for risky trade- source. *Bank bailout in 2008 cost Ireland 40 pct of GDP. LONDON/ DUBLIN, Nov 22- Ireland has signalled to several large investment banks it would be reluctant to host large trading operations, banking sources told Reuters, despite Dublin's desire to attract financial sector jobs from London after Britain...

  • *Egypt's blue chip index slips but broader market firm. Egypt's main index pulled back but foreign buyers continued to hunt for bargain buys, lifting the broader index. Hesham Tuffaha, vice president of asset management at Riyadh- based Mulkia Investment, said banks were supported by positive news on the sector over the last month.

  • Belgium, Italy and Spain see spike in hedge fund take-up. By Abhinav Ramnarayan and Helen Reid. LONDON, Nov 21- Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach.

  • *Oil hits three-week high on OPEC prospects, weaker dollar. *Copper up on expectations of more China demand. "The post-election rally is continuing," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

  • LONDON, Nov 21- Hedge funds have taken a more cautious stance on oil prices amid a flurry of diplomatic activity aimed at securing a production-limiting deal among OPEC members by the end of the month. The funds cut their combined net long position in the three major Brent and West Texas Intermediate futures and options contracts by just 3 million barrels to 422...

  • *Belgium, Italy and Spain see spike in hedge fund take-up. LONDON, Nov 21- Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach. A populist revolt that propelled Donald...

  • NEW YORK, Nov 18- Hedge fund managers were largely united in their dislike for Donald Trump before the election. "Investors... were over-weighing the negatives of his unpredictability as a potential President and they were under-valuing how positive from a policy perspective him with a Republican Congress would be for the markets," said Jason Karp who runs $3.8...

  • NEW YORK, Nov 18- Hedge fund managers were largely united in their dislike for Donald Trump before the election. "Investors... were over-weighing the negatives of his unpredictability as a potential President and they were under-valuing how positive from a policy perspective him with a Republican Congress would be for the markets," said Jason Karp who runs $3.8...

  • Nov 18- The Financial Industry Regulatory Authority said the U.S. Securities and Exchange Commission had approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers. The SEC also approved a similar plan by the Municipal Securities Rulemaking Board, which regulates municipal...

  • Nov 18- Brookfield Asset Management Inc proposed on Friday to take a 50-60 percent stake in bankrupt solar company SunEdison Inc unit TerraForm Power Inc, a week after it expressed interest in buying the "yieldco." The cash offer of $13 for class A and class B shares of TerraForm Power is nearly in line with the class A stock's Thursday close of $13.01.

  • Nov 18- Brookfield Asset Management Inc proposed on Friday to take a 50-60 percent stake in bankrupt solar company SunEdison Inc unit TerraForm Power Inc, a week after it expressed interest in buying the unit. The cash offer of $13 for class A and class B shares of TerraForm Power is nearly in line with the class A stock's Thursday close of $13.01.

  • *Poland denies reported plan to move pension assets to state fund. But the market turned around partly as Poland rebounded, and also due to a rally in the dollar losing steam and U.S. State news agency PAP reported that Poland's labor ministry had proposed moving private pension fund assets worth up to 147 billion zlotys into a state fund, effectively putting some...

  • BUDAPEST, Nov 18- Warsaw led a fall of Central European stocks and long-term bonds as a Polish plan to move pension fund assets into a state fund rekindled worries over a rise in state influence on companies. Treasuries yields, which has curbed demand for assets in emerging markets since Donald Trump's shock victory at U.S. presidential elections on Nov. 8.

  • LONDON, Nov 18- Britain's financial markets regulator said on Friday it planned to overhaul the way the asset management operates to ensure both retail and institutional investors get value for money. The regulator flagged widespread concern about the performance of actively managed funds relative to the fees charged, the level of competition in the...

  • LONDON, Nov 17- The rise in U.S. Federal Reserve likely to tighten at a faster pace than the market has priced in, Larry Hatheway, group head of GAM Investment Solutions, said on Thursday. Speaking at the Reuters Global Investment Outlook Summit in London, Hatheway said the market needed to price in another two rate hikes from the Fed over the next 12-18 months, making...

  • NEW YORK, Nov 17- The stock rally in financial stocks since the U.S. presidential election may slow down if the new administration fails to cut red tape for big banks, a top UBS Group AG asset management executive said on Thursday at the Reuters Global Investment Outlook Summit in New York. The rally that has broadly driven the S&P 500 Financials Index more than 13...