After-Hours Buzz: Gap, Pandora, Salesforce.com & More
Asset Management and Custody Banks
More
-
WASHINGTON, May 22- Pension funds- those old guaranteed-benefit retirement plans your grandma might have told you about- outperform those in 401 plans year after year, according to new research from consulting company Towers Watson.
-
NEW YORK, May 22- The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off.
-
BOSTON-- Eaton Vance Corp. said Wednesday its fiscal second-quarter net income jumped 20 percent, as an increase in its assets under management boosted investment and advisory fees. For the quarter ended April 30, the investment manager earned $63.7 million, or 50 cents per share, up from $52.9 million, or 44 cents per share, in the same quarter the year before.
-
MADAWASKA, Maine-- A northern Maine paper mill is being sold to two New York- based investment firms. Blue Wolf Capital Partners and Atlas Holdings announced Wednesday they have reached an agreement to buy a controlling interest in Twin Rivers Paper Co. from Brookfield Asset Management, based in Toronto.
-
Brazil seeking vehicle for pension funds to invest in projects. BRASILIA, May 21- Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday.
-
BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.
-
LONDON, May 21- Central bank cash may not be enough to keep European stocks rising beyond the end of the year in the face of the region's weak company and economic performance. That's unusual and unsustainable in the long run, " Michael Barakos, chief investment officer for European equities at JPMorgan Asset Management.
-
NEW YORK, May 20- Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday, as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo.
-
NEW YORK, May 20- Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday, as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo.
-
WASHINGTON, May 20- In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as workers at publicly traded companies.
-
Steven A. Cohen has received a subpoena to testify before a grand jury in the government's insider trading investigation into his hedge fund, the NYT reports.
-
The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.
-
NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off the bank's opponents from polling information.
-
*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
-
*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
-
NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off polling information to the bank's opponents.
-
LONDON, May 17- UK pension funds are dipping a toe into the specialist market for high yielding but risky bank loans in an effort to offset poor returns in their traditional investment portfolios.
-
NEW YORK, May 16- Bond investor and co-founder of DoubleLine Capital LP, Jeffrey Gundlach fancies himself as more than just a fixed-income guru, making successful predictions on everything from shares in Apple Inc. to Japan's Nikkei stock market index to natural gas and gold.
-
*Fund's 10.1 pct investment return takes assets to C $183.3 billion. CPPIB, which manages Canada's national pension fund, said on Thursday its assets rose to a record C $183.3 billion at the end of fiscal 2013, as its investment portfolio returned 10.1 percent for the year ended March 31.
-
One-time hedge fund darling Apple was dropped by more famous hedge fund managers in the first quarter.