Funds

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Published 17/10/2017

State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. [more…]

EU watchdogs to study cost, performance of mutual funds

EU watchdogs to study cost, performance of mutual funds

Published 17/10/2017

European Union financial watchdogs will conduct a large-scale study into the cost and performance of mutual funds, a top regulator said on Tuesday. [more…]

Australia`s ANZ sells pension business to IOOF for $766 million

Australia`s ANZ sells pension business to IOOF for $766 million

Published 17/10/2017

Australia and New Zealand Banking Group Ltd has sold its pension unit to IOOF Holdings for A$975 million ($766 million), joining the rush of Australian banks quitting non-core and scandal-hit divisions to boost capital. [more…]

Colony Capital injects cash, in talks to buy Weinstein Co

Colony Capital injects cash, in talks to buy Weinstein Co

Published 16/10/2017

The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. [more…]

Activist investor RBR launching campaign to break up Credit Suisse: FT

Activist investor RBR launching campaign to break up Credit Suisse: FT

Published 16/10/2017

Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG (CSGN.S) into three parts, the Financial Times reported on Monday. [more…]

Wells Fargo brokerage to return $3.4 million for risky products

Wells Fargo brokerage to return $3.4 million for risky products

Published 16/10/2017

A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank. [more…]

Carlyle, OppenheimerFunds form wealth management venture

Carlyle, OppenheimerFunds form wealth management venture

Published 16/10/2017

U.S. private equity firm Carlyle Group LP and asset manager OppenheimerFunds Inc will form a joint venture to provide wealth management services to rich investors in the United States, the companies said on Monday. [more…]

Ivascyn`s Pimco Income fund surpasses $100 billion despite fee hike: sources

Ivascyn`s Pimco Income fund surpasses $100 billion despite fee hike: sources

Published 13/10/2017

The Pimco Income Fund (PIMIX), widely seen by investors and analysts as Pacific Investment Management’s new flagship fund, surpassed $100 billion in assets under management this week, even as fees were hiked on Oct. 2, two sources familiar with the matter said Friday. [more…]

Bayer`s gains help European shares hit four-month high

Bayer`s gains help European shares hit four-month high

Published 13/10/2017

European shares hit their highest in nearly four months on Friday, helped by gains in Bayer after an asset sale deal paving the way for the German drugmaker's $66 billion acquisition of Monsanto. [more…]

U.S. domestic stock funds win cash for first time in six weeks: Lipper

U.S. domestic stock funds win cash for first time in six weeks: Lipper

Published 12/10/2017

U.S. fund investors stopped resisting the festive mood in equity markets and joined the party, pouring cash into domestic stocks for the first time in six weeks, according to Lipper data on Thursday. [more…]