Investing Institutional Investors

  • BOSTON, Dec 8- Fidelity Investments' $105 billion Contrafund is having a bad three-year run, but you would never know it by looking at its fees. The mutual fund's management fees have increased 25 percent to $614 million over the past three years despite investors pulling several billion dollars as its performance lagged the benchmark S&P 500 Index.

  • NEW YORK, Dec 7- BlackRock Inc is making leadership changes to its biggest mutual fund. The world's largest asset manager is replacing one of the top leaders on its $42 billion BlackRock Global Allocation Fund and adding three new portfolio managers, a move that comes as the fund's performance has lagged its rivals. Three other investors will get top billing,...

  • BEIJING, Dec 7- China has selected 21 investment management institutions for its pension insurance fund, bringing it one step closer to investing up to $290 billion in its financial markets. The investment management institutions include some of the country's biggest asset managers, insurers and investment banks, such as China Asset Management Co., Ping An...

  • ROME, Dec 6- Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday. This would make it by far the biggest shareholder, meaning the Treasury would be able to control Italy's...

  • ROME, Dec 6- Italy is preparing a state bailout for Monte dei Paschi di Siena as the bank's hopes of being saved by private funding fade following Prime Minister Matteo Renzi's decision to quit, sources close to the matter said on Tuesday. Monte dei Paschi must raise 5 billion euros by the end of December to avert the risk of being wound down, but investors are...

  • NEW YORK, Dec 6- One of the world's most prominent investors, Bill Gross, predicted an end to the post-election stock rally, saying that Donald Trump's anti-globalization policies would restrict trade and reduce corporate profits over the long term. Gross, who oversees the $1.7 billion Janus Global Unconstrained Bond Fund, added that investors should brace for...

  • MILAN— Italy's political crisis spelled new trouble for the country's banks, with the third-largest lender, Monte dei Paschi di Siena, scrambling to secure a new investor and help it remain solvent. Monte dei Paschi's turnaround plan has grown "much more problematic now," given the government crisis, said Michael Hewson, chief market analyst of CMC Markets.

  • President Donald Trump could set up an entity similar to Canada's infrastructure bank to help fund his plans to spend $1 trillion on roads and bridges, one of the world's biggest infrastructure investors said. Michael Sabia, chief executive officer of the Caisse, Canada's second-biggest public pension fund, was on the advisory panel that recommended Canada...

  • LONDON, Dec 5- Royal Bank of Scotland said on Monday that it had settled legal claims with the majority of shareholders who had alleged they were misled when they took part in the bank's 2008 12 billion pound rights issue. More than 35,000 shareholders who took part in the cash call, including some of Britain's biggest institutional investors and public pension...

  • NEW YORK, Dec 1- The majority of institutional investors worldwide are seeking to increase their investments in riskier alternatives that are not publicly traded such as hedge funds, real estate and private equity over the next one to two years to combat potential low returns and choppiness in public markets, a Fidelity survey showed on Thursday.

  • BEIJING, Nov 30- China has selected four banks as custodians of its pension insurance fund, clearing another hurdle for the investment of funds of up to $290 billion in its financial markets. The banks are Industrial and Commercial Bank of China, Bank of China, Bank of Communications and China Merchants Bank, the National Council for Social Security Fund said on...

  • PHILADELPHIA— Temple University officials have announced that the north Philadelphia school's endowment has grown to surpass $500 million for the first time. The Philadelphia Inquirer reports university leaders credit both an increase in donations and better investment strategies as the reason for Temple reaching the milestone.

  • TOKYO, Nov 25- Japan's Government Pension Investment Fund, the world's largest pension fund, posted a gain of 2.37 trillion yen in the fiscal second quarter thanks to a rebound in global stock markets. During the quarter, world stocks rebounded from lows hit after Britain voted in June to leave the European Union, which triggered a surge in the yen against the...

  • BRUSSELS, Nov 24- EU pension funds will have to include environmental risks in their investment strategies, under a law passed on Thursday, that ecologists hope will encourage money to flow out of fossil fuels and into greener sectors. It comes as the European Union looks at other measures to reduce long-term systemic risks linked to climate change, extreme...

  • *Poland denies reported plan to move pension assets to state fund. But the market turned around partly as Poland rebounded, and also due to a rally in the dollar losing steam and U.S. State news agency PAP reported that Poland's labor ministry had proposed moving private pension fund assets worth up to 147 billion zlotys into a state fund, effectively putting some...

  • BUDAPEST, Nov 18- Warsaw led a fall of Central European stocks and long-term bonds as a Polish plan to move pension fund assets into a state fund rekindled worries over a rise in state influence on companies. Treasuries yields, which has curbed demand for assets in emerging markets since Donald Trump's shock victory at U.S. presidential elections on Nov. 8.

  • LONDON, Nov 18- Britain's financial markets regulator said on Friday it planned to overhaul the way the asset management operates to ensure both retail and institutional investors get value for money. The regulator flagged widespread concern about the performance of actively managed funds relative to the fees charged, the level of competition in the...

  • NEW YORK, Nov 16- President-elect Donald Trump will last no more than four years in the White House, a period when corporations and Wall Street will retain the upper hand over the struggling workers who helped elect him in a populist wave, bond manager Bill Gross of Janus Capital Group Inc said on Wednesday. He now oversees the $1.7 billion Janus Global...

  • The announcement by the nation's largest public pension fund marks a milestone toward greater fee and cost disclosures for private equity assets, which make up $26.4 billion or almost 9 percent of the total fund. A new California law passed this year requires the state's public pension funds to disclose more about the fees paid to manage the funds.

  • SAN FRANCISCO, Nov 14- The California Public Employees' Retirement System's chief investment officer advised the pension fund on Monday to prepare for "greater uncertainty and volatility" until U.S. president-elect Donald Trump and Congress implement their policy plans. Ted Eliopoulos told a meeting of the fund's investment board that Trump's plans would...