*Allianz forecasts asset management earnings to fall. FRANKFURT, March 14- Management turmoil at Allianz asset manager Pimco is unlikely to threaten the credit standing of Europe's largest insurer, credit rating agency Fitch said on Friday.» Read More
TORONTO, Sept 25- AGF Management Ltd notched a smaller-than-expected third-quarter profit on Wednesday, but its stock was little changed on signs the worst may be over for the Canadian fund manager after its recent struggles.
Skepticism about the Fairfax bid appeared to be mounting on Wednesday, with BlackBerry shares falling almost 4 percent to $8.20 on the Nasdaq, well below the $9- a-share offer price.
TORONTO, Sept 25- Fairfax Financial Holdings Ltd was seeking over $1 billion in equity investments from institutional investors to back its preliminary $4.7 billion plan to acquire BlackBerry Ltd, the Globe and Mail reported on Wednesday.
Sept 25- Canadian fund manager AGF Management Ltd posted a profit in the third quarter compared with a loss a year earlier, but assets under management fell 12 percent. Net income from continuing operations was C $10.1 million, or 11 Canadian cents per share, compared with a loss of C $19.3 million, or 20 Canadian cents per share, a year earlier.
BOSTON, Sept 24- Seth Klarman's $28 billion Baupost Group, one of the world's biggest hedge funds, plans to return some money to clients at year's end, two people familiar with the Boston- based firm's plans said.
TOKYO, Sept 24- Japanese government bond prices were modestly higher on Tuesday morning, underpinned by stronger U.S. Treasuries, a fall in Tokyo stocks and buying for month-end duration changes. As widely expected, the Bank of Japan offered to purchase 400 billion yen of 5- year to 10- year JGBs in the secondary market under its massive JGB buying program.
LONDON, Sept 23- Euro zone bond investors are heartened that Angela Merkel looks likely to maintain Germany's carrot-and-stick support for weaker economies but no-one is rushing to buy with no significant policy shift expected.
LONDON, Sept 20- Emerging equity funds have enjoyed their second consecutive week of inflows while hard currency bond funds also posted gains for the first time since mid-May, banks said on Friday, citing data from EPFR Global. The Boston- based fund tracker releases data to clients late on Thursday.
BEIJING, Sept 20- Alibaba Group Holding Ltd's online mutual funds platform, which launched in June allowing customers to buy and sell a single money market fund, is set to attract more than 20 billion yuan by the end of this month.
BRUSSELS, Sept 19- Belgian financial group Dexia has entered into exclusive talks with New York Life Investments to sell its asset management unit, it said late on Thursday. Dexia had initially agreed to sell the asset management arm to Hong Kong- based GCS Capital for 380 million euros, but that deal fell through in July.
NEW YORK, Sept 19- Wall Street often faces a wall of worry, the issues that can halt a market rally, yet the fears that haunt investors now seem to persist far longer than they did in the past, said Ken Fisher, the billionaire investor and author, in an interview. A fight in Congress over increasing the ceiling on U.S. government debt now looms.
PARIS, Sept 19- European shares rose on Thursday, with one benchmark index rising to a five-year high after the U.S. Gold miners also jumped, tracking a sharp rally in the precious metal as the U.S. dollar fell.
Sept 18- Capital Group Cos Chairman James Rothenberg outlined a new effort on Wednesday to promote its American Funds lineup, left sidelined by client withdrawals even as investors edge back to other actively managed equity mutual funds.
NEW YORK, Sept 18- Stocks and gold jumped while the U.S. dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
NEW YORK, Sept 18- U.S. stocks soared and gold jumped while the dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by keeping its economic stimulus in place on concerns tighter financial conditions could slow the economy.
*Wall Street hits new highs as Fed keeps stimulus intact. NEW YORK, Sept 18- U.S. stocks jumped while the dollar and bond prices fell sharply on Wednesday after the Federal Reserve put off trimming its stimulus to the economy, saying the tightening of financial conditions could slow the pace of economic improvement.
NEW YORK, Sept 18- The U.S. dollar was little change against the euro and lower against the yen as investors placed their last bets before any decision by the Federal Reserve to trim its stimulus program. Chairman Ben Bernanke will hold a news conference one half hour after that.
*Aberdeen Asset Management fall on MS earnings cut. LONDON, Sept 18- European shares traded at five-year highs by midday on Wednesday as investors kept their nerve ahead of an expected first cut to the U.S. The latest Reuters poll forecast a $10 billion reduction, although there is speculation among traders it could be even less.
DUBAI, Sept 18- Bahrain- based Islamic investment firm Arcapita has become the first Gulf company to emerge from U.S. bankruptcy under Chapter 11 rules, in a move that could help clarify how Islamic finance is treated in Western courts.
"The staff will be closely monitoring and collecting data on this new market to see how it in fact operates... and accessing whether and to what extent changes in the private offerings market may lead to additional fraud or not," SEC Chair Mary Jo White told an advisory panel of experts convened at SEC headquarters on Tuesday.