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  • CAMBRIDGE, Massachusetts— The chief of Harvard University's $37 billion endowment is resigning after less than two years at the helm. Harvard Management Company, the university's investment arm, announced on Wednesday that President and CEO Stephen Blyth will resign immediately for unspecified personal reasons. Robert Ettl was named interim CEO during...

  • ROME/ MILAN, July 26- Specialist Italian pension funds have agreed to a government call to invest in bad bank loans, as Rome works to build a safety-net around Italy's No. 3 lender Monte dei Paschi ahead of European bank stress test. The Tuscan bank, which has one of the heaviest bad loan burdens in Italy, is likely to be found short of capital under an adverse scenario...

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a request to invest 500 million euros in bad bank loans as Rome works to build a safety-net around Italy's No. 3 lender Monte dei Paschi ahead of European bank stress tests. The Tuscan bank, which has one of the heaviest bad loan burdens in Italy, is likely to be found short of capital under an adverse...

  • The announcement Monday by Auditor General Eugene DePasquale came four days after federal prosecutors announced charges against ex-state Treasurer Barbara Hafer and Richard Ireland, whose firm marketed the services of private investment managers and shared in the fees. PSERS reported $455 million in investment fees in its 2015 fiscal year, SERS...

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a government request to pour money into a bank bailout fund at a meeting on Monday, days before European stress tests are expected to show the country's third-largest lender is in need of urgent capital. Monte dei Paschi, Italy's third-biggest bank by assets, is likely to be found short of capital...

  • BEIJING, July 22- China's sovereign wealth fund China Investment Corp reported a 17 percent decline in net profit last year, its lowest profit since 2011, hit by negative returns on overseas investments and huge foreign exchange losses, it said on Friday. Net profit was $73.9 billion in 2015, down from $89.1 billion a year earlier, the fund said in the annual...

  • CINCINNATI— The federal appeals court in Cincinnati has reinstated Ohio's lawsuit accusing Freddie Mac of defrauding the state's mammoth pension fund by systematically investing in sub-prime home loans. The Ohio Public Employees Retirement System had invested in Freddie Mac and sued in 2008, alleging that misconduct by the lending giant caused...

  • KUALA LUMPUR/ NEW YORK, July 20- U.S. federal prosecutors have filed civil lawsuits seeking to seize assets worth more than $1 billion, allegedly stolen from Malaysian state fund 1 MDB, which was overseen by Prime Minister Najib Razak. They include allegations that $681 million from a 2013 bond sale by 1 MDB was transferred to the account of "Malaysian Official 1,"...

  • SAN FRANCISCO, July 19- The California State Teachers' Retirement System reported on Tuesday an investment return of 1.4 percent for its fiscal year ending June 30, underperforming the system's assumed rate of return of 7.5 percent. The country's second largest public pension fund, known as CalSTRS, reported that the past fiscal year was marked by volatile...

  • SAN FRANCISCO, July 19- The California State Teachers' Retirement System reported on Tuesday an investment return of 1.4 percent for its fiscal year ending June 30, underperforming the system's assumed rate of return of 7.5 percent.

  • BlackRock Inc, the world's largest asset manager, and Norges Bank Investment Management, Norway's $872 billion sovereign wealth fund are among the major funds resisting, encouraging companies to consult them before responding to an activist. The most recent example of pushback against activist settlements involves U.S. retailer Chico's FAS and Barington...

  • Investors plowed $15.3 billion into venture-backed startups in the second quarter of this year, a 20.5 percent increase over the $12.7 billion invested in the first quarter, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. Ride-hailing company Uber Technologies Inc and messaging app Snapchat...

  • The funds took in $7.8 billion, according to the research service's data, which covers the seven days through July 13. "Of note, equity funds broke a 10- week streak of net outflows by taking in $7.8 billion in net new money and municipal bond funds recorded their 41st straight week of inflows as they grew their coffers by $1.2 billion." Keon said the "Brexit" vote,...

  • The funds took in $7.8 billion, according to the research service's data, which covers the seven days through July 13. "Of note, equity funds broke a 10- week streak of net outflows by taking in $7.8 billion in net new money and municipal bond funds recorded their 41st straight week of inflows as they grew their coffers by $1.2 billion." Keon said the "Brexit" vote,...

  • *PE purchases of UK firms down 83 pct this year- data. *U.S.-listed group goes against trend by buying UK cinemas. The referendum result, which caught financial markets by surprise, is making institutional investors have second thoughts about committing to new funds for private equity deals in Britain, according to people in the industry.

  • BOSTON/ NEW YORK, July 11- Tech billionaire Elon Musk's acknowledgement that, over the years, he had "bandied about" with some of his biggest shareholders the idea of combining Tesla Motors Inc and SolarCity Corp is rare public recognition of the access and insights large investors get. Yes, there have been discussions and I think some of them see it as a natural thing...

  • *Chinese investors buying Hong Kong stocks. SHANGHAI, July 11- Chinese investors are placing increasing bets on Hong Kong stocks, partly in search of a safe haven from the decline in the yuan, which fell last week to its lowest levels against the dollar since 2010.. Shares priced in Hong Kong dollars provide a hedge against a falling yuan- so long as the shares at least...

  • July 7- Uber Technologies Inc. has secured a $1.15 billion leveraged loan, a person familiar with the matter said on Thursday, the latest capital infusion for the well-financed ride-hailing company. The Wall Street Journal first reported the amount of the loan on Thursday. The loan comes a month after the company closed a $3.5 billion funding raise from Saudi...

  • *Aberdeen extends 24- hour fund suspension to next week. LONDON, July 7- Four fund managers cut the value of their UK property funds and a fifth extended a 24- hour trading suspension on Thursday, as the industry seeks to stem a tide of redemption requests since Britain's vote to leave the European Union. In recent years Britain's commercial property market has...

  • *Aberdeen extends 24- hour fund suspension to next week. LONDON, July 7- Three fund managers said on Thursday they had cut the value of their UK property funds and a fourth extended a 24- hour trading suspension, as the industry seeks to stem a tide of redemption requests since Britain's vote to leave the European Union. Two UK property funds aimed at retail...