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Investing Institutional Investors

  • *TPG, Cerberus, Thoma Bravo interested in bidding. TORONTO, Jan 27- Canada Pension Plan Investment Board and several U.S. private equity firms are interested in acquiring Canadian financial technology services provider DH Corp, according to people familiar with the situation. TPG, Cerberus Capital Management LP and technology-focused Thoma Bravo are some of...

  • BOSTON, Jan 25- Harvard University plans to outsource most of its investment management activities and cut its endowment staff by roughly half, in a dramatic overhaul in how the Ivy League school's $35.7 billion in assets are managed. As the richest university in the world, Harvard's decision to break with its long-held hybrid investment model, in which a...

  • BOSTON, Jan 25- Harvard University plans to outsource most of its investment management activities and cut its staff by roughly half, in a dramatic overhaul in how the Ivy League school's $35.7 billion endowment is managed. The internal team that oversees real-estate investments will spin out into an independent group that is expected to keep managing money...

  • BOSTON, Jan 25- Harvard University will hire Rick Slocum as chief investment officer at its investment arm, Harvard Management Company, as the school overhauls the way it manages its endowment. N.P. Narvekar, the recently hired chief executive of the investment arm, said Slocum, who had been chief investment officer at the Johnson Company family office, will join...

  • BOSTON, Jan 25- Harvard University plans to outsource most of its investment management activities and cut more than a hundred jobs, marking a dramatic overhaul in how the Ivy League school's $35.7 billion endowment is managed. Harvard Management Co's new chief executive officer N.P. Narvekar announced the plans in a letter on Wednesday, noting that the...

  • Jan 25- Harvard University's investment arm is expected to outsource management of most of its $35.7 billion endowment and lay off roughly half the 230 staff, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Harvard Management Co, which oversees America's largest endowment, will close its internal hedge funds and lay off...

  • SAO PAULO, Jan 24- Brazil's Cyrela Commercial Properties SA is in talks with Canada Pension Plan Investment Board for a potential asset swap and joint ventures to invest up to $400 million in new commercial office space. The deal, which would lay the groundwork for a new round of investment, underscores investors' hopes that falling interest rates will trigger a...

  • NEW YORK, Jan 23- Jeffrey Gundlach, who oversees more than $101 billion of assets as chief executive of DoubleLine Capital, has predicted a weaker dollar and more demand for inflation-protected securities now that U.S. President Donald Trump has "doubled down" on his stance regarding trade and securing jobs in America. This included an executive order formally...

  • DUBAI, Jan 23- Dubai ports operator DP World said on Monday it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth US $3.7 billion that would invest in ports and terminals worldwide. The platform will have "a focus on investment-grade countries" excluding the United Arab Emirates, and...

  • The investment manager developed by UK pension funds to invest in UK infrastructure, appointed Tony Poulter as chairman. The company appointed Phil Roberts to lead investment banking in EMEA, and Phillip Hall to head the structured finance business in the region. The global advisory, broking and solutions firm named Mike Liss as head of its corporate risk and...

  • The investment manager developed by UK pension funds to invest in UK infrastructure, appointed Tony Poulter as chairman. The global advisory, broking and solutions firm named Mike Liss as head of its corporate risk and broking business in North America, effective immediately. The fixed income manager appointed Timothy Ash to the newly created role of...

  • Jan 13- Citadel Securities, the market-making arm of billionaire hedge-fund manager Ken Griffin, has agreed to pay $22.6 million to settle charges that it misled customers about the way it priced trades, the U.S. Securities and Exchange Commission said on Friday. "This affected millions of retail orders," said Stephanie Avakian, the acting director of...

  • The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trades on customers' behalf that often gave investors a worse price for their trades, even when Citadel knew better prices existed elsewhere. The SEC penalized Citadel for failing to disclose the use of those algorithms to clients. "This affected millions of retail orders,"...

  • Jan 10- Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber Technologies Inc this past summer, according to people with knowledge of the matter. Led by Morgan Stanley, the banks helped the ride-sharing network tap the leveraged loan market in July for the first time, persuading...

  • The two banks are seen as the next trouble spot in Italy's slow-burning banking crisis after the government stepped in at the end of 2016 to bail out the country's third-biggest lender Banca Monte dei Paschi di Siena. Popolare di Vicenza's newly appointed chief executive Fabrizio Viola, who was brought in from Monte dei Paschi to oversee a merger with Veneto...

  • BEIJING, Jan 9- China's Guangxi province's Department of Human Resources and Social Security statement on website:. *A total of 40 billion yuan of Guangxi's local pension funds would be invested in financial markets for the first time, after the government signed a pension investment contract with the National Council for Social Security Funds.

  • NEW YORK, Jan 4- A former portfolio manager at New York state's retirement fund pleaded not guilty on Wednesday to charges that he steered $2 billion in trades to two brokerages in exchange for bribes that included vacations, cocaine and prostitutes. The Common Retirement Fund is the investment arm of the New York State and Local Employees' Retirement System and...

  • MILAN, Dec 21- Monte dei Paschi di Siena has all but failed to pull off a last-ditch rescue plan and a state bailout for the ailing Italian bank now looks inevitable, sources said on Wednesday. Monte dei Paschi had pinned its hopes on Qatar's sovereign wealth fund investing 1 billion euros in its cash call, but that option is no longer on the table, said the sources...

  • NEW YORK, Dec 21- Impact investments, which support social change while making money, have grown rapidly over the last three years as mainstream institutions such as pension funds and insurance companies have jumped on the bandwagon, a top industry executive said. But the global market, worth at least $77 billion at the end of 2015, has a "long way to go in terms of...

  • STOCKHOLM, Dec 20- Volvo Cars has raised 5 billion Swedish crowns from a group of Swedish institutional investors, taking it a step towards a share market flotation nearly seven years after being bought by Chinese carmaker Zhejiang Geely Holdings. After Geely's $1.8 billion purchase of Volvo- a byword for a safe and unfussy style of Swedish cars- many analysts...