Investing Institutional Investors

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  • BOSTON, April 12- Och-Ziff Capital Management shares dropped 24 percent to a record low on Tuesday on the possibility that the U.S. hedge fund would have to plead guilty to bribing government officials in Africa. The Wall Street Journal first reported the settlement talks and said U.S. regulators were seeking a fine of as much as $400 million from Och-Ziff, based...

  • ROME/ MILAN, April 11- Italian financial institutions have agreed to set up a 5 billion euro fund to shore up weaker banks, two of the fund's backers said on Monday, in a state-orchestrated plan to avoid a crisis in the euro zone's fourth-biggest banking sector. Rome has been keen to portray the fund as an industry initiative to ensure it does not fall foul of European...

  • April 6- Miner and commodity trader Glencore said it had agreed to sell a 40 percent stake in its agricultural business to Canada Pension Plan Investment Board for $2.5 billion and use the proceeds to reduce debt, which is among the highest in the sector. The Wall Street Journal on Tuesday said CPPIB, one of the world's biggest pension funds, likely won that auction.

  • TORONTO, March 31- The financial health of Canadian pension funds declined in the first quarter of 2016, affected by volatile currency markets, weakness in equity markets and lower bond yields, consultancy Aon said on Thursday. Canada's largest public pension funds have continued to perform strongly, benefiting from their strategy of investing in assets...

  • BEIJING, March 31- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $80.95 billion as of March, from $80.8 billion at the end of February, the foreign exchange regulator said on Thursday.

  • SHANGHAI, March 30- China has circulated plans to introduce credit-default swaps and other derivatives so investors can hedge risk in its $7.5 trillion bond market, sources said, a sign regulators want to allow more defaults without destabilizing the market. Sources said that the China's National Association of Financial Market Institutional Investors, a...

  • IPO market is getting a new lease on life as more Wall Street banks and institutional investors turn to blank-check acquisition vehicles, once the domain of only a few underwriters and hedge funds, for better fortunes. As a result, Goldman Sachs Group Inc's biggest successfully completed IPO assignment so far this year is not a red-hot technology startup or a...

  • HOUSTON/ NEW YORK, March 23- The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks. Though the endowment has a modest $130 million in total assets, the move is notable...

  • BOSTON, March 23- An influential group representing top U.S. pension funds on Wednesday urged companies that go public to stop using a maneuver that gives insiders extra control and makes other investors second-class corporate citizens. Members of the Council of Institutional Investors voted to adopt a new policy that all investors in initial public...

  • BOSTON, March 23- Rhode Island's state pension fund was urged to pull millions of dollars out of Luxor Capital Partners after the hedge fund posted heavy losses for months, according to a memo seen by Reuters. Influential industry consultant Cliffwater, which advises on roughly $55 billion in alternative assets invested in hedge funds, recommended that the...

  • BOSTON, March 23- An influential group representing top U.S. pension funds on Wednesday urged companies that go public to stop using a maneuver that gives insiders extra control and makes other investors second-class corporate citizens. Members of the Council of Institutional Investors voted to adopt a new policy that all investors in initial public...

  • -Lipper@ NEW YORK, March 17- Investors turned on U.S.-based stock funds in the latest week, pulling $2.1 billion from the funds just one week after the funds posted their first inflows of the year, Lipper data showed on Thursday. "Retail investors have been leery about equity for some time," said Jeff Tjornehoj, head of Americas research for Lipper.

  • *Canadian funds have been 2nd biggest UK real estate buyers. *Retreat raises concerns over inbound UK investment. TORONTO, March 17- Some of Canada's top pension funds, among the world's biggest investors in British real estate and infrastructure, are holding back on UK deals until after Britons vote on whether to leave the European Union, according to senior...

  • BERLIN, March 15- U.S. law firm Hausfeld said it will pursue claims of European customers harmed by Volkswagen's emissions scandal, adding to the German automaker's mounting legal challenges. On Monday, German law firm TISAB said 278 institutional investors in Volkswagen filed a 3.26 billion euros lawsuit against the carmaker for what they see as breaches of...

  • Volkswagen hit with $3.6B lawsuit

    Reuters reporting institutional investors in Germany have filed a $3.6 billion lawsuit against automaker Volkswagen due to the emissions scandal. CNBC's Phil LeBeau explains.

  • BERLIN, March 14- Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. Law firm TISAB said the lawsuit was over whether VW neglected its duty to the capital markets regarding the...

  • LONDON, March 14- After deserting commodities markets during last year's slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point. Leading commodities indexes rallied on Friday after the International Energy Agency signalled a possible floor in the price of oil which has slumped 65 percent...

  • SYDNEY, March 11- U.S. gold giant Newmont Mining said it is selling its stake in Australian miner Regis Resources to institutional investors for $182 million. Newmont, which mines about 5 million ounces of gold a year compared with about 300,000 ounces for Regis, said in a statement it has sold nearly $1.9 billion in non-core assets since mid-2013.

  • *Calgary bars filled with bankers eyeing up deals. CALGARY, Alberta, March 2- Executives at some of Canada's biggest pension funds say they are looking more closely at the oil and gas sector, attracted by low valuations, but will take a scrupulous approach to deals given the uncertain oil price outlook. So we see excellent opportunities for long-term investors, "...

  • *Zero rates squeeze insurers, pension funds. FRANKFURT/ LONDON, March 2- Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch from rock-bottom interest rates. "The banks have taken a couple of...