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Investing Institutional Investors

  • 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.

  • NEW YORK, Dec 7- BlackRock Inc is making leadership changes to its biggest mutual fund. The world's largest asset manager is replacing one of the top leaders on its $42 billion BlackRock Global Allocation Fund and adding three new portfolio managers, a move that comes as the fund's performance has lagged its rivals. Three other investors will get top billing,...

  • BEIJING, Dec 7- China has selected 21 investment management institutions for its pension insurance fund, bringing it one step closer to investing up to $290 billion in its financial markets. The investment management institutions include some of the country's biggest asset managers, insurers and investment banks, such as China Asset Management Co., Ping An...

  • ROME, Dec 6- Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday. This would make it by far the biggest shareholder, meaning the Treasury would be able to control Italy's...

  • ROME, Dec 6- Italy is preparing a state bailout for Monte dei Paschi di Siena as the bank's hopes of being saved by private funding fade following Prime Minister Matteo Renzi's decision to quit, sources close to the matter said on Tuesday. Monte dei Paschi must raise 5 billion euros by the end of December to avert the risk of being wound down, but investors are...

  • NEW YORK, Dec 6- One of the world's most prominent investors, Bill Gross, predicted an end to the post-election stock rally, saying that Donald Trump's anti-globalization policies would restrict trade and reduce corporate profits over the long term. Gross, who oversees the $1.7 billion Janus Global Unconstrained Bond Fund, added that investors should brace for...

  • President Donald Trump could set up an entity similar to Canada's infrastructure bank to help fund his plans to spend $1 trillion on roads and bridges, one of the world's biggest infrastructure investors said. Michael Sabia, chief executive officer of the Caisse, Canada's second-biggest public pension fund, was on the advisory panel that recommended Canada...