NEW YORK, March 11- Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.» Read More
VATICAN CITY, Sept 30- The Vatican bank is likely to close all accounts held by foreign embassies, following concerns about large cash deposits and withdrawals by the missions of Iran, Iraq and Indonesia, according to people with knowledge of the situation.
Sept 30- Activist hedge fund Clinton Group has upped its stake in Nutrisystem Inc to 5.2 percent, calling the weight loss product company's stock undervalued and asking for an increase in dividend, according to a filing on Monday.
LONDON/ PARIS, Sept 30- Hedge funds' negative bets on European shares have tumbled to a level not seen since before the global financial crisis began in 2007, signalling their strongest conviction for years that the market will rise further.
*Shanghai free trade zone "concept" stocks rise after zone launch. HONG KONG, Sept 30- China shares inched higher on Monday, outperforming other Asia markets as investors chased strength in retailers ahead of a week-long holiday, with the Shanghai benchmark heading for its biggest quarterly gain in three years.
HONG KONG, Sept 30- Sipping coffee, a group of advisers to Asia's wealthy sit in pairs in a Hong Kong training room of Swiss bank UBS, trying to solve a riddle. "The wealth management industry is in the midst of a paradigm shift, from being about relationships to being about advice," said Kathryn Shih, chief executive for wealth management in the Asia Pacific for UBS.
SHANGHAI, Sept 29- China opened a new free trade zone in Shanghai on Sunday in what has been hailed as potentially the boldest reform move in decades, unveiling fresh details of plans to liberalise regulations governing finance, investment and trade in the zone.
*Monte dei Paschi investors wait to see how they will fare. LONDON, Sept 29- Investors awaiting the finer points of Monte dei Paschi's restructuring plan could soon find themselves wishing their bank had run aground at another time and place in the eurozone financial crisis.
NEW YORK, Sept 27- With a possible U.S. government shutdown days away, Wall Street still hasn't come down with a critical case of fiscal fever despite forecasts that failure to resolve the federal budget standoff could be catastrophic.
NEW YORK, Sept 27- Danny Ludeman, who has led Wells Fargo Advisors and a predecessor brokerage firm for almost 15 years, will retire as of Jan. 1, 2014, the Wells Fargo& Co. brokerage unit said Friday. Ludeman has served as executive vice president and head of Wells Fargo Advisors since the Wachovia merger in 2008, the company said.
LONDON, Sept 27- The investment banks working on the privatisation of Britain's Royal Mail postal service stand to share a maximum fee pot of just under 24 million pounds, around a third below the typical amount for a similar sized listing.
LONDON, Sept 27- A growing number of asset managers are looking for better ways to insulate their portfolio from risk given that many types of investment have been moving in lockstep.
According to some recent research from South Africa's Cannon Asset Managers, 25 percent of the performance comes from just three stocks: brewer SABMiller, luxury firm Richemont, and media group Naspers.
NEW YORK, Sept 26- BlackRock Inc, the largest provider of exchange-traded funds through its iShares business, is set to launch a new actively managed ETF focused on short-maturity bonds that will begin trading Thursday.
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.
*Deutsche Bank says subdued markets to hit revenue. *Deutsche Bank slowdown mirrors broader market trend. FRANKFURT, Sept 25- Deutsche Bank co-Chief Executive Anshu Jain has warned that third-quarter investment banking revenue would be significantly lower than a year ago, as a lull in bond market trading hits Germany's flagship lender.
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.