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Asset Management and Custody Banks

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  • NEW YORK, Sept 19- Merrill Lynch summarily fired two veteran brokers from its elite Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.

  • NEW YORK, Sept 19- The California State Teachers' Retirement System pension fund plans to nearly triple its investments in clean energy and technology to $3.7 billion over the next five years in a push toward low-carbon investments, the fund said on Friday.

  • Calif. teachers fund to boost clean energy bets Friday, 19 Sep 2014 | 1:16 PM ET

    The California State Teachers' Retirement System says it plans to increase its investments in clean energy and technology to $3.7 billion, from $1.4 billion, over the next five years. CalSTRS CEO Jack Ehnes says the pension fund is seeing more opportunities in low-carbon projects and technologies.

  • Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.

  • Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.

  • Sept 17- The California Public Employees' Retirement System said Ted Eliopoulos would assume the role of chief investment officer at America's largest public pension fund. The $300 billion fund, known as Calpers, invests with firms including Och-Ziff Capital Management, Deepak Narula's Metacapital Management and Bain Capital's Brookside Capital.

  • CalPERS names Ted Eliopoulos chief investment officer Wednesday, 17 Sep 2014 | 9:02 PM ET

    Sept 17- The California Public Employees' Retirement System said Ted Eliopoulos would assume the role of chief investment officer at the nation's largest public pension fund. The $300 billion fund, known as CalPERS, invests with firms including Och-Ziff Capital Management, Deepak Narula's Metacapital Management and Bain Capital's Brookside Capital.

  • BOSTON, Sept 17- Despite the recent rebuke of hedge funds by the influential California Public Employees' Retirement System, other investors are pumping billions into these portfolios, boosting industry assets to a record $3.1 trillion, data released on Wednesday show.

  • COPENHAGEN, Sept 17- European pension funds could become more, rather than less adventurous in their investment strategies after the European Union introduces tough new rules on capital requirements, if the experience of similar rules in Denmark is any pointer.

  • Sacramento- based Calpers said on Monday it was pulling about $4 billion from a total of 30 hedge funds it was invested in under its Absolute Return Strategies portfolio, citing costs and difficulty in maintaining the program. BlueTrend, owned by U.K.- based BlueCrest Capital Management, could not immediately be reached for comment.

  • Calpers exit could heap pressure on hedge fund fees Tuesday, 16 Sep 2014 | 5:07 PM ET

    BOSTON, Sept 16- The California Public Employees Retirement System handed fellow U.S. pension funds a hefty club to beat down hedge fund fees and demand better returns this week when it voted to pull out of hedge funds entirely, investors said.

  • New Jersey sells 1 pension fund investment Tuesday, 16 Sep 2014 | 3:58 PM ET

    TRENTON, N.J.— New Jersey has sold its pension fund investment in a venture capital firm that has connections to a Massachusetts gubernatorial candidate.

  • MALVERN, Pa., Sept 16- As U.S. investors race into Vanguard Group mutual and exchange-traded funds at breakneck speeds, the No. 1 mutual fund company's overseas operations have expanded at a comparative snail's pace.

  • FRANKFURT, Sept 16- U.S. buyout firm Blackstone is acquiring two office towers in Frankfurt, Germany, for a combined 350 million euros to bolster its real estate business, sources familiar with the matter said on Tuesday.

  • Sears takes $400M loan from Lampert's hedge fund Tuesday, 16 Sep 2014 | 7:47 AM ET

    NEW YORK— Sears is taking out a $400 million secured short-term loan from a hedge fund run by CEO Edward Lampert. The Hoffman Estates, Illinois, company, which runs Sears and Kmart stores, said in a regulatory filing that the loan is from entities affiliated with Lampert's ESL Investments Inc..

  • Sept 15- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

  • Sept 15- Calpers, the largest U.S. pension system, said on Monday it has scrapped its hedge fund program and will pull about $4 billion in its investments from 30 such funds.

  • PARIS, Sept 15- European shares slipped on Monday, with stocks trading in a narrow range before Scotland votes on independence and the Federal Reserve holds it latest policy meeting, both events that are due later this week.

  • Sept 15- Alibaba Group Holding Ltd could have sold nearly $2 billion worth of stock without lifting a finger. One of the sources said that Alibaba eventually was satisfied that Nasdaq had solved the issue and chose NYSE because its overall pitch was better.

  • The total AUM of emerging market funds tracked by the Boston- based EPFR Global consultancy had risen to $1.4 trillion from $900 million before the Lehman crisis, it added. While these amounts are dwarfed by the AUM of funds dedicated to the United States or Europe, they are large relative to emerging stock and bond markets.