WASHINGTON, Oct 24- The U.S. Treasury Department said on Friday it was tweaking its policy for retirement funds to encourage savers to buy annuities, a measure aimed to keep them from outliving their savings. The department and the Internal Revenue Service will let retirement funds offer long-term deferred annuities as a default investment in 401 retirement...» Read More
PIMCO'S MAISONNEUVE SAYS TO DEVELOP HYBRID BOND-EQUITY OFFERINGS TO HELP COMPANY REBALANCE ITS ASSETS UNDER MANAGEMENT.
*Virginie Maisonneuve to stick to existing growth strategy. By Simon Jessop and Alexander Smith. That equity expansion strategy has been honed in the three months since French-born Virginie Maisonneuve was hired by then-Chief Executive Mohamed El-Erian- before a high-profile bust-up with Chief Investment Officer Bill Gross led to El-Erian's departure.
April 29- Asset management company Northern Trust Corp said it received a subpoena from the U.S. Securities and Exchange Commission seeking documents related to the company's securities-lending activities. Northern Trust said it received the subpoena in April, without giving further details about the investigation.
April 28- Chad Leat, a retired Citigroup Inc executive who helped finance some of the world's largest leveraged buyouts, is now working as a consultant for former client Apollo Global Management LLC, people familiar with the matter said.
April 28- Financial services company Ameriprise Financial Inc reported a 19 percent rise in first-quarter profit, driven by strong income from its wealth management business and said it would buy back an additional $2.5 billion in stock.
Japan overhauled the world's biggest public pension fund in a push toward Prime Minister Shinzo Abe's goal of a more aggressive investment strategy.
Citigroup will not webcast its annual meeting next week in St. Louis, in a move one analyst called "ridiculous."
Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil
Healthcare, energy and financial services are growth areas for the private equity industry, executives told CNBC.
E-commerce auction house eBay became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.
Andrew Economos, Head of Sovereign & Institutional Strategy at JP Morgan Asset Management, explains why you should put your cash in developed markets, particularly in the U.S.
As economic growth slows in emerging markets, there are fears that capital outflows could be the first signs of a credit crunch.
Daniel Loeb's hedge fund will be losing Rhode Island as a client after the state's pension fund found his Third Point too risky.
Rajeeva Bandaranaike, CEO of the Colombo Stock Exchange, explains the group's plans of attracting more capital into the country.
Liz Ann Sonders, SVP & Chief Investment Strategist at Charles Schwab, explains why she thinks the recent strike against the equity markets is short-term.
Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, even as it pleaded guilty to insider trading charges.
In a time of dizzying capital flows in emerging markets, Mexico looks positively stable by comparison.
In his first TV interview in Asia, group CEO Antony Jenkins describes how the bank plans to raise additional capital to meet new regulatory requirements.
Hedge fund investors have begun to like stocks again—just in time for what appears to be a rough summer ahead for the equity markets.
Historically speaking, the list of winners is short and the list of losers long in a rising interest rate investing climate.