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Investing Institutional Investors

  • TORONTO, April 26- Shares in Home Capital Group, Canada's biggest non-bank mortgage lender, plunged more than 60 percent on Wednesday, wiping out nearly $500 million in market value, after the company agreed to tap a high-interest credit line to shore up finances. Home Capital said it would tap a C $2 billion credit line with an unnamed institutional investor...

  • WASHINGTON, April 26- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The White House referred comment to the Trump Organization, the parent conglomerate for Trump's...

  • CALGARY, Alberta, April 24- U.S. pipeline company Kinder Morgan Inc said on Monday its Canadian unit filed a prospectus for an initial public offering of restricted voting shares, to help finance its C $7.4 billion Trans Mountain expansion project. Reuters reported in February that the company had begun talks with institutional investors to raise capital for...

  • ABU DHABI, April 20- European fund manager Ardian will invest $2.5 billion in private equity funds run by Mubadala Capital, an arm of Abu Dhabi's state fund Mubadala, the companies said on Thursday, the first time Mubadala has accepted capital from a third-party investor. The deal will see Ardian invest $1.75 billion to take a majority stake in S $2.5 billion...

  • LONDON, April 13- Peruvian and Indonesian euro-denominated bonds and Mexican sterling issues are just some of the more esoteric hard-currency issues attracting fund managers with their juicier yields compared with plain-vanilla emerging dollar bonds. Outstanding volumes of euro-denominated emerging market bonds stood at $72 billion last year, up from...

  • April 12- A group of Tesla Inc investors have urged the electric car maker to add two new independent directors who do not have any ties with Chief Executive Elon Musk. The investors also urged that all directors be re-elected annually. California State Teachers Retirement System and Hermes Equity Ownership Services are among the five investment groups...

  • Nearly $12 billion drained from the stock funds in the seven days through April 5, including $7 billion SPDR S&P 500 ETF, a fund actively traded by investors ranging from institutional investors making speculative bets to retail buyers. Keon said the United States' response to conflict in Syria and North Korea has intensified jitters over policy even though...

  • *Dubai up for sixth consecutive session. DUBAI, April 5- Stock markets in the Middle East firmed on Wednesday with Abu Dhabi outperforming its peers for a second day as institutional investors targeted blue chips, while crude oil near a one month high boosted Saudi Arabia. Farid Samji, head of asset management at Dubai- based Daman Investment, attributed the...

  • SAO PAULO, April 4- Fundação Cesp is betting on equities and hedge fund investments to offset the impact of a faster-than-expected decline in Brazilian interest rates that may lead dozens of fellow pension funds to miss their return targets this year, Chief Executive Officer Martin Glogowsky said in an interview. His comments underscore how Brazil's...

  • JOHANNESBURG, March 31- Brian Joffe, the founder of South Africa's Bidvest, will list a 2 billion rand investment firm, Long4Life, on the Johannesburg Securities Exchange next week, the firm said in a pre-listing statement on Friday. Joffe will provide 100 million rand of the capital himself and institutional investors will subscribe for the rest before listing...

  • Brevan Howard was granted an injunction last week to stop Reuters publishing a story that it said was based on confidential and "highly sensitive" information that had been sent out to 36 potential investors. Reuters argued that hedge fund managers, such as Brevan Howard, invested on behalf of institutional investors including public pension funds, which...

  • 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...