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NEW YORK, March 8- Numeric Investors is putting itself up for sale, Mike Even, president and chief executive officer of the Boston- based asset management firm told Reuters on Friday. The quantitative equity manager, with $7.7 billion in assets under management, has hired Barclays PLC to oversee the sale, Even said. A Barclays spokesman declined to comment.
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NEW YORK, March 8- Numeric Investors is putting itself up for sale, Mike Even, president and chief executive officer of the Boston- based asset management firm told Reuters on Friday. The quantitative equity manager, with $7.7 billion in assets under management, has hired Barclays PLC to oversee the sale, Even said. A Barclays spokesman declined to comment.
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March 8- New York City's public pension funds on Friday joined in an effort to oust two Hewlett-Packard Co directors because of their support for the company's 2011 acquisition of British software maker Autonomy.
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March 8- New York City's public pension funds on Friday joined in an effort to oust two Hewlett-Packard Co directors because of their support for the company's 2011 acquisition of British software maker Autonomy.
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Three Massachusetts residents on Thursday accused Boston- based Fidelity of using income generated from retirement fund assets to offset Fidelity's own operating expenses.
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The National Conference on Public Employee Retirement Systems' leadership did make the decision to hold their 2013 annual conference at a luxury resort in Hawaii before the financial crisis struck, hammering public pension funds' investments and leaving them with a funding gap of at least $770 billion.
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*Private pensions a new business in Turkey. ISTANBUL, March 6- Turkey could see half a million new private pension contributors this year thanks to changes in regulation, boosting a nascent fund management industry and luring global portfolios.
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LONDON, March 06- Major asset managers, cowed by the cost, the risk and the controversy involved in investing in farmland, are joining forces to increase investment in the historically under-capitalised sector.
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TOKYO, March 1- Japan's public pension fund, the world's largest, recorded investment gains of $56 billion in October-December, its second best quarter on record, on the back of strong domestic equities, while the yen's fall helped boost the performance of foreign assets.
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Taimur Baig, Director & Chief Economist of Global Markets Research at Deutsche Bank, says Asia still has pockets of strong growth despite global regulatory uncertainty.
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*Hewlett-Packard rallies after results, lifts tech shares. NEW YORK, Feb 22- U.S. stocks rose on Friday as Dow component Hewlett-Packard surged on strong results and comments from Fed officials allayed fears that the central bank would curtail its stimulus measures.
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*Hewlett-Packard rallies after results, lifting tech shares. NEW YORK, Feb 22- U.S. stocks rebounded from two days of losses on Friday as Dow component Hewlett-Packard surged on strong results, but the S&P 500 index was on track to end a seven-week winning streak.
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Feb 22- After several lackluster years, the $5- trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.
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Feb 20- Overseers of government worker pension funds pressed JPMorgan Chase& Co to strip Chief Executive Jamie Dimon of his additional title of chairman after the London Whale fiasco, renewing a proxy battle the bank won only narrowly last year.
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The move affects about $5 million in investments in Smith& Wesson Holding Corp and Sturm, Ruger& Co at the $254 billion California Public Employees' Retirement System, best known at Calpers.
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*San Bernardino not making required pension payments. LOS ANGELES, Feb 7- Negotiations between the bankrupt California city of San Bernardino and the state's public pension fund over the city's unprecedented suspension of pension payments have failed to produce an agreement before a crucial court hearing, officials said on Thursday.
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*San Bernardino not making required pension payments. LOS ANGELES, Feb 7- Negotiations between the bankrupt California city of San Bernardino and the state's public pension fund over the city's unprecedented suspension of pension payments have failed to produce an agreement ahead of a crucial court hearing, officials say.
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NEW YORK, Feb 7- The death knell for the bond market has been sounded repeatedly as the stock market rallies, but investments in fixed income could be much more "sticky" and less likely to cross into equities than people think.
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WASHINGTON, Feb 6- The mutual fund industry is getting a little nervous about all the Washington talk about limiting tax loopholes and perceived shortcomings of the current retirement system. Its leaders, such as Paul Schott Stevens, president of the Investment Company Institute trade group, fear that tax breaks for 401 accounts could get nipped.
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*PFZW has 9.3 bln euros in commodity markets investment. AMSTERDAM, Feb 4- The two biggest pension funds in the Netherlands plan to maintain investment in commodities even after their latest quarterly reports showed commodities as their worst performing asset class and a big U.S. fund halved its exposure.