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Investing Institutional Investors

  • 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...

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost the fund about $3 billion between 2001 and 2014. That was a considerably larger portfolio impact than CalPERS' other divested assets, such as Iran, Sudan and certain...

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost $2 billion to $3 billion. That was a considerably larger impact to the portfolio than CalPERS' other divested assets, such as Iran, Sudan and certain firearms-related companies.

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost $2 billion to $3 billion. That was a considerably larger impact to the portfolio than CalPERS' other divested assets, such as Iran, Sudan and certain firearms-related companies.

  • The nation's largest public pension fund embarked on an extensive review of tobacco earlier this year, after a Wilshire Associates report estimated the exclusion of tobacco had cost $2 billion to $3 billion. That was a considerably larger impact to the portfolio than CalPERS' other divested assets, such as Iran, Sudan and certain firearms-related companies.

  • MILAN, Dec 16- Troubled Italian bank Monte dei Paschi di Siena sought on Friday to convince 40,000 retail investors to take part in its last-ditch rescue plan, warning them they could face bigger losses if they did not convert their bonds into shares. Italy's third biggest bank has until the end of this month to raise 5 billion euros in equity or face the risk of...

  • MILAN, Dec 16- Troubled Italian bank Monte dei Paschi di Siena sought on Friday to convince 40,000 retail investors to take part in its last-ditch rescue plan, warning them they could face bigger losses if they did not convert their bonds into shares. Italy's third biggest bank has until the end of this month to raise 5 billion euros in equity or face the risk of...

  • ROME/ MILAN, Dec 15- Italy's government is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail. The world's oldest bank has until Dec. 31 to raise 5 billion euros in equity or face being wound down by the European...

  • ROME/ MILAN, Dec 15- Italy's government is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail. The world's oldest bank has until Dec. 31 to raise 5 billion euros in equity or face being wound down by the European...

  • JOHANNESBURG/ LONDON, Dec 15- Anheuser-Busch InBev will sell its stake in South Africa's Distell Group to state-owned pension fund Public Investment Corp, it said on Thursday, as agreed during its takeover of SABMiller. South Africa's Competition Commission made the disposal a condition of the $100 billion takeover. Distell's other large shareholders,...

  • JOHANNESBURG, Dec 15- Anheuser-Busch Inbev will sell its entire interest in Distell Group Ltd to South Africa's state-owned pension fund Public Investment Corp as part of the conditions for its acquisition of brewer SABMiller, the company said on Thursday.

  • SAO PAULO, Dec 14- The pension fund for oil company Petroleo Brasileiro SA's employees on Wednesday called for securities industry watchdog CVM to investigate some of Brazil's largest asset managers over allegations of irregularities, a statement said. Walter Mendes, president of Fundação Petrobras de Seguridade Social, commonly known as Petros, asked...

  • Two of Australia's largest pension funds, AustralianSuper and Cbus, intend to manage in-house at least 20 percent of their combined A $140 billion in assets within the next decade. To do that they are wagering on their market power as Australia's current A $2.1 trillion pool of retirement savings is set to reach an astronomical A $10 trillion by 2035, according...

  • ROME, Dec 12- Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the 5 billion euros it needs to remain in business from private investors, a Treasury source said on Monday. Italy's third-biggest bank is pressing ahead with a last-ditch attempt to raise the cash on the market this year despite a government crisis triggered...

  • ROME, Dec 12- Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the 5 billion euros it needs to remain in business from private investors, a Treasury source said on Monday. Italy's third-biggest bank is pressing ahead with a last-ditch attempt to raise the cash on the market this year despite a government crisis triggered...

  • ROME, Dec 12- Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the money it needs to remain in business from investors, a Treasury source said on Monday. Italy's third-biggest bank is pressing ahead with a plan to raise 5 billion euros on the market this year, despite political uncertainty in the country after a...

  • MILAN, Dec 11- Italy's third biggest lender Monte dei Paschi di Siena said on Sunday it would press ahead with a last-ditch plan to raise 5 billion euros on the market by year-end after the European Central Bank refused to give it more time to recapitalise. Rome is ready to intervene with an emergency decree to rescue the bank if needed, a government source said on...

  • MILAN, Dec 11- Italy's third biggest lender Monte dei Paschi di Siena was scrambling on Sunday to thrash out a last-ditch plan to raise 5 billion euros on the market by year-end after the European Central Bank refused to give it more time to recapitalise. Rome is ready to intervene with an emergency decree to rescue the bank if needed, a government source said on...

  • 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.