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Investing Institutional Investors

  • LONDON, May 22- Royal Bank of Scotland is close to settling a costly and potentially embarrassing case alleging it misled shareholders during a 12 billion pound fundraising at the height of the financial crisis, sources familiar with the talks said on Monday. Trevor Hemmings, a multimillionaire businessman whom Reuters previously reported is one of the main...

  • LONDON, May 22- Royal Bank of Scotland pursued last-minute settlement talks with a group of investors on Monday to avoid a potentially embarrassing trial over allegations the lender misled them about a 2008 capital increase. The civil trial brought by thousands of RBS investors was due to open at the High Court in London on Monday but was adjourned for a day to...

  • LONDON, May 22- Royal Bank of Scotland has tried to reach a last-minute settlement with a group of investors who allege that the lender misled them over a 2008 capital increase, according to two people close to the matter. A successful settlement would save RBS from a lengthy and potentially embarrassing trial, at which its former Chief Executive Fred Goodwin...

  • *Shares sold at 16.1 Sfr vs 16.61 Sfr Monday close- sources. ZURICH/ SINGAPORE May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it had cut its stake in the Swiss bank at a loss, partly because of changes in the lender's strategy and business. People familiar with the matter...

  • The logo for the Government Of Singapore Investment Corporation (GIC) is pictured in the company headquarters in Singapore

    Singapore sovereign fund GIC, which invested in UBS during the global financial crisis, said it cut its stake in the Swiss bank at a loss.

  • ZURICH, May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it has cut its stake in the Swiss bank at a loss, partly because of changes in the lender's strategy and business. GIC, which manages more than $100 billion globally, said it has reduced its stake to 2.7 percent from...

  • SAN FRANCISCO/ NEW YORK, May 15- Snap Inc jumped more than 8 percent on Monday in its second strongest day since the social media company's initial public offering, boosted by filings showing several institutional investors had owned its shares. Coatue Management LLC, Soros Fund Management LLC, Goldman Sachs Group Inc and Jana Partners LLC on Monday joined the...

  • ZURICH, May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it has cut its stake in the bank at a loss, partly because of changes in the lender's strategy and business. GIC, owned by the government of Singapore, was one of the first sovereign funds to pump billions into Western...

  • May 15- Canada Pension Plan Investment Board, the country's biggest public pension fund, said on Monday it would invest $500 million in a joint venture with Indian property developer IndoSpace. The joint venture, IndoSpace Core, will buy and develop logistics facilities in India, the companies said. The joint venture will buy 13 industrial and logistics parks...

  • NEW YORK, May 8- Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ideas. Shares in Toronto- listed DHX Media Ltd, which owns rights to popular children's television shows including Bob the...

  • OSLO, May 8- Investors with more than $15 trillion of assets under management urged governments led by the United States to implement the Paris climate accord to fight climate change despite U.S. Signatories of the letter included the California Public Employees Retirement System and other pension funds from Sweden to Australia. The letter was addressed to...

  • RIYADH, May 2- The prince overseeing Saudi Arabia's economy said his radical reforms were succeeding in protecting the kingdom against low oil prices, and he promised massive investments in coming years to help diversify the economy beyond oil. "Although our prices dipped to as low as $27 for more than one year... the government managed to shield economic...

  • Reuters exclusively reported on April 26 that public pension funds in at least seven U.S. states periodically send millions of dollars to an investment fund that owns the Trump SoHo Hotel and Condominium in New York City and pays one of Trump's companies to run it, according to a Reuters review of public records. Trump is setting an extremely dangerous...

  • NEW YORK, May 1- Guggenheim Investments, overseen by Global Chief Investment Officer Scott Minerd, had positive net flows of more than $944 million into its fixed-income mutual funds and exchange-traded funds in April, the firm said on Monday. Guggenheim's flagship Total Return Bond Fund, an intermediate-term fund that has outperformed 99 percent of its...

  • May 1- Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors and said the board's "extreme insularity" contributed to the company's weak performance. CtW recommended voting against the company's two longest-serving members of its nominating and governance committee,...

  • May 1- Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors and said the board's "extreme insularity" contributed to the company's weak performance. CtW recommended voting against the company's two longest-serving members of its nominating and governance committee,...

  • Kentucky, so far, has come up short. Kentucky declined to explain why the discount kicked in later. To be sure, neither the setbacks nor the promised benefits would have radically changed Kentucky's dire condition as one of the nation's most underfunded public pension funds, with just over $16 billion in assets and a $18 billion funding shortfall.

  • The company said that it had liquid assets of C $1.3 billion as of April 25, compared with C $1.5 billion the day before, as investors pulled out of both high-interest savings accounts and the less-liquid guaranteed investment certificates. It said it had secured a high-interest C $2 billion credit line from "a major Canadian institutional investor" and had...

  • LONDON, April 27- Storebrand, Norway's largest private pension fund, on Thursday launched two new fossil-free funds and called on the government to cut the nation's exposure to coal and other fossil fuels. Norway's $900- billion sovereign wealth fund, the world's largest and built on oil and gas revenues, has sought to lead the shift from investment in coal, the...

  • NEW YORK, April 26- Record high U.S. stock prices are providing the California State Teachers' Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money off shore, the plan's chief investment officer told Reuters on Wednesday. "We have enjoyed obviously the benefits of this equity rally in the USA, but we still don't...