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Investing Institutional Investors

  • BOSTON, March 23- Thirteen years ago Eric Mindich set what has been called a record when he raised $3 billion for his new hedge fund Eton Park. The firm oversees $7 billion in assets and kicked the year off with a modest performance, neither losing nor making money for clients. Last year was far tougher, and Eton Park ended the year with a 9 percent loss as assets shrunk...

  • TORONTO, March 21- A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations. Canada's outbound M&A volume hit a record $128 billion last year.

  • *Deal worth $4.3 billion, including debt. March 17- Private equity firm KKR& Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt. "It's a sector we like," Caisse Chief Investment Officer Roland Lescure said in an interview.

  • NEW YORK/ FRANKFURT, March 14- Deutsche Bank is replacing its U.S. chief Bill Woodley with the global head of its stock-trading business, Thomas Patrick, people close to the matter said, in a sign of its intent to restructure its Wall Street business. The bank announced earlier this month that Chief Executive John Cryan would personally oversee the bank's U.S....

  • *Iceland lifts controls imposed at height of crisis. REYKJAVIK, March 14- Iceland lifted its remaining capital curbs on Tuesday, ending more than eight years of controls on businesses and citizens put in place after its banks collapsed during the financial crisis. Iceland hopes the move will open the way for investment by Icelandic pension funds abroad and...

  • *Iceland lifts controls imposed at height of crisis. REYKJAVIK, March 14- Iceland lifted its remaining capital curbs on Tuesday, ending more than eight years of controls on businesses and citizens put in place after its banks collapsed during the financial crisis. Iceland hopes that the move will open the way for investment by Icelandic pension funds abroad and...

  • MUMBAI, March 8- Canada's two largest pension funds have bought a stake of about 1.5 percent in India's Kotak Mahindra Bank for about 22.55 billion rupees from its founder and chief executive Uday Kotak, stock exchange data showed on Wednesday. Caisse de depot et placement du Quebec, Canada's second-biggest public pension fund, bought 18.4 million shares in the...

  • BOSTON, March 6- A group representing large institutional investors has approached index providers S&P Dow Jones Indices and MSCI Inc, looking to bar Snap Inc and any other company that sells investors non-voting shares from their stock benchmarks. Were Snap to be added to indexes such as the S&P 500 Index or the MSCI USA Index, managers of stock index portfolios...

  • BOSTON, March 6- A group representing large institutional investors has approached stock index providers S&P Dow Jones Indices and MSCI Inc, looking to bar Snap Inc and any other company that sells investors non-voting shares from their stock benchmarks. Were Snap to be added to indexes such as the S&P 500 Index or the MSCI USA Index, then managers of stock index...

  • *Investor demand highest since 1999- Blue Lion Research. LONDON/ BOSTON, March 6- Bank stocks are back in vogue for hedge funds, which have shunned the industry over the past seven years due to a squeeze on banks' profitability from low interest rates and because of their opaque balance sheets. "I think people are overweighting," Hilmi Unver, partner at hedge fund...

  • BRAZIL GOV'T HAS "KEY ROLE" TO PLAY IN SELECTION OF NEW VALE CEO DUE TO PENSION FUND INVESTMENTS- MINING MINISTER.

  • HONG KONG, March 2- A subsidiary of BlackRock Inc has become the first United States- based asset manager to be awarded a Renminbi Qualified Foreign Institutional Investor quota to invest in China's capital markets. On Thursday, BlackRock said that an 11 billion yuan quota was granted to BlackRock Fund Advisors by China's State Administration of Foreign...

  • FRANKFURT, March 1- Drugmaker Bayer has sold 1.46 billion euros of shares in its chemicals subsidiary Covestro, cutting its stake to 53.3 percent as it raises cash for its takeover of seeds maker Monsanto. The sale of 22 million shares, or 10.9 percent of Covestro's capital, at 66.50 euros each to institutional investors, puts the chemicals maker on track to enter...

  • DUBAI, Feb 25- The chairman of Dubai Holding, the investment vehicle of the emirate's ruler and a major force in developing the Dubai economy, has resigned to focus on his role in the national government, the conglomerate said on Saturday. As head of Dubai Holding since its founding in 2004, Mohammed Abdullah al-Gergawi came to oversee a $35 billion portfolio of...

  • NEW YORK, Feb 24- Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10- year U.S. Yields fell as low as 2.313 percent, the lowest since Jan. 17. Gundlach, who oversees $101 billion, first introduced his view on the 10- year yield's bottom in January.

  • *U.S., Canada looking for' greenfield' investors. TORONTO, Feb 24 S- Canadian pension fund manager OMERS would like to invest more in building new infrastructure, its chief financial officer said, making it a candidate to support government programs in Canada and the United States. However, with competition for' brownfield' assets inflating prices around the world,...

  • LONDON, Feb 21- Institutional investors pulled $468.8 billion out of equities in 2016, a report by the research firm eVestment showed on Tuesday, notwithstanding a rally late in the year that drove stock markets to record highs. The fourth-quarter selling was broad-based, with client accounts domiciled in the United States, Europe, Britain, Canada, Africa, the...

  • *Inflows from China pension funds will top $1 bln- media. SHANGHAI, Feb 21- Shanghai stocks edged up on Tuesday morning to an 11- week high, as risk appetites were improved on hopes for big flows into stock markets from pension funds plus news that some companies have scrapped new share sales. Tian Weidong, analyst at Kaiyuan Securities in Xi'an, said one part of the...

  • LONDON, Feb 20- Sovereign wealth funds pulled $37.8 billion from global stock and bond markets in 2016, data from research firm eVestment showed on Monday, although fourth quarter flows showed a slowdown in the rate of redemptions. The rate of selling steadily reduced over the course of 2016, with fourth quarter redemptions of $4.9 billion, down from a revised...

  • The global study, conducted by Stirling Infrastructure Partners, an adviser to institutional investors, polled 44 sovereign wealth funds and pension funds with some $63 billion allocated to infrastructure, and found a growing appetite for assets in riskier markets. Central and Eastern Europe rose to 30 percent from 22 percent and Latin America to 27 percent...