Not so long ago known as the untouchable Bond King of the investment world, the Pimco founder now finds himself the subject of intense scrutiny.» Read More
US mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt.
BOSTON, Feb 7- U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands, taking heavy losses after a year-long slide in prices.
U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands.
ZURICH, Feb 7- The sharp sell-off in emerging markets has hit growth in Vontobel's asset management business, causing the Swiss bank to miss annual profit expectations and making its targets for this year a stretch, it said on Friday.
Feb 6- Oil and natural gas producer Noble Energy Inc surprised Wall Street on Thursday with a weak production forecast and a lower-than-expected quarterly profit as its costs spiked. The report comes as Noble Energy, like many of its peers, spends heavily to find more oil and natural gas to satisfy Wall Street's demands for constant reserve growth.
The plunge in emerging markets is taking a bite out of the performance of funds managed by some of the biggest names on Wall Street.
Feb 5- Strong demand for a product designed to prevent NSA-style snooping could speed online file-sharing services provider Accellion Inc's plans to go public, CEO Yorgen Edholm said.
NEW YORK, Feb 5- Charles Schwab Corp is taking broader aim at the retirement market with a new 401 platform that will allow participants to invest 100 percent of their plan in low-cost exchange-traded funds.
NEW YORK, Feb 4- A new judge presiding over Bank of America Corp's proposed $8.5 billion settlement with investors in soured mortgage securities on Tuesday postponed entering a final judgment in the case, raising the possibility of additional legal maneuvers.
NEW YORK, Feb 4- BlackRock Inc's iShares, the largest U.S. provider of exchange-traded funds, is launching a new set of currency-hedged ETFs on Tuesday as it looks to target investors interested in international equity exposure but concerned about potential losses from a rising U.S. dollar.
BOSTON, Feb 3- Investors are paying hefty fees for mutual funds that bill themselves as actively managed but in large part are mimicking a benchmark stock index.
NEW YORK, Jan 31- A New York state judge on Friday approved most of Bank of America Corp's $8.5 billion settlement with investors over toxic mortgage securities, but left a caveat that could complicate the bank's efforts to implement the deal. A spokesman for Bank of America said the bank did not expect that Kapnick's exclusion would hold up the accord.
NEW YORK, Jan 31- A New York state judge on Friday approved most of Bank of America Corp's $8.5 billion settlement with investors in mortgage securities, which would resolve much of the bank's liability from its acquisition of Countrywide Financial Corp during the financial crisis.
Jan 30- Invesco Ltd said on Thursday its fourth-quarter profit jumped 81 percent, boosted by strong markets and the sale of its Atlantic Trust Private Wealth Management unit. Excluding the sale of its Atlantic Trust unit, which Invesco sold to the Canadian Imperial Bank of Commerce for $210 million, the company earned 58 cents per share.
This time round countries such as Argentina, Brazil, South Africa and Turkey have been in the firing line. Investors are less downbeat over India, thanks to actions taken since its mauling by the markets last summer.
NEW YORK, Jan 28- The dollar rose modestly against the yen and euro on Tuesday as investors stepped back into stocks and emerging markets whose recent sell-off had driven money into safe-haven currencies.
NEW YORK, Jan 28- The dollar rose modestly against the yen and euro on Tuesday as investors stepped back into stock and emerging markets whose recent sell-off drove money into safehaven currencies.
LONDON/ MADRID, Jan 28- BlackRock, the world's biggest fund manager, has urged Spain to improve governance at its top companies to protect investors flooding back into a country showing signs of emerging from a long and deep recession.
Greek banks have been the darlings of bottom-fishing hedge funds, but alarm bells are starting to ring.
MADRID, Jan 28- Fund manager BlackRock has written to the Spanish stock exchange regulator asking it to recommend increases to the minimum number of independent appointees on the boards of companies in Spain's blue-chip index, Expansion reported on Tuesday.