newszine

BlackRock hires former Fed official Fischer as an adviser: memo

1 week ago DieselGasoil Comments Off on BlackRock hires former Fed official Fischer as an adviser: memo
FILE PHOTO: U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York, U.S. on March 23, 2015. REUTERS/Brendan McDermid/File Photo (Reuters) – BlackRock Inc is hiring former U.S. Federal Reserve Vice Chair Stanley Fischer as a senior adviser, the world’s largest fund manager said in a memo on Read More

Union Investment to buy 16,000 German apartments from Chinese investor: sources

1 week ago DieselGasoil Comments Off on Union Investment to buy 16,000 German apartments from Chinese investor: sources
FRANKFURT (Reuters) – German fund manager Union Investment is nearing a deal to buy about 16,000 German flats from BGP, a Chinese investor, in a roughly 2 billion euro ($2.26 billion) deal, people close to the matter told Reuters. Union Investment is planning to merge the targeted real estate firm BGP Group with its own Read More

Blackstone to back ex-Eton Park partner with $150 million seed

1 week ago DieselGasoil Comments Off on Blackstone to back ex-Eton Park partner with $150 million seed
BOSTON (Reuters) – Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on Read More

Fidelity expands commission-free platform to over 500 ETFs

1 week ago DieselGasoil Comments Off on Fidelity expands commission-free platform to over 500 ETFs
FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder (Reuters) – Fidelity Investments, one of the world’s largest investment managers, said on Tuesday it has expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETFs. The expansion is a part of Fidelity’s Read More

A bad omen? Emerging markets 'most crowded trade' for first time

1 week ago DieselGasoil Comments Off on A bad omen? Emerging markets 'most crowded trade' for first time
LONDON (Reuters) – Investors made a U-turn on emerging markets, naming them the most crowded trade, in Bank of America Merrill Lynch’s survey for the first time in its history. A view shows a Russian one rouble coin in this picture illustration taken October 26, 2018. REUTERS/Maxim Shemetov This marked a big reversal from last Read More

Emerging markets most popular trade for first time in BAML survey

1 week ago DieselGasoil Comments Off on Emerging markets most popular trade for first time in BAML survey
A view shows a Russian one rouble coin in this picture illustration taken October 26, 2018. REUTERS/Maxim Shemetov LONDON (Reuters) – Fund managers named emerging markets as the most crowded trade for the first time, ahead of the U.S. dollar and technology stocks, according to Bank of America Merrill Lynch’s February survey released on Tuesday. Read More

Your Money: The IRS Form 1040 looks different, in more ways than one

1 week ago DieselGasoil Comments Off on Your Money: The IRS Form 1040 looks different, in more ways than one
NEW YORK (Reuters) – While this year’s taxapalooza is off to a slow start because of the earlier U.S. government shutdown, one thing already is clear: your refund might be a whole lot smaller than you were expecting. FILE PHOTO: The new Form 1040 tax form for individuals, released by U.S. Treasury Department, is shown Read More

CalSTRS backs new activist hedge fund Impactive with $250 million

1 week ago DieselGasoil Comments Off on CalSTRS backs new activist hedge fund Impactive with $250 million
(Reuters) – The California State Teachers’ Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund that expects to start trading next month. FILE PHOTO – Christopher Ailman, chief investment officer of the California State Teachers’ Retirement System (CalSTRS), Read More

Investors pump record amounts of cash in emerging markets: BAML

2 weeks ago DieselGasoil Comments Off on Investors pump record amounts of cash in emerging markets: BAML
FILE PHOTO – A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India October 4, 2018. REUTERS/Francis Mascarenhas LONDON (Reuters) – Investors pumped record high volumes of cash into emerging markets shares and bonds in the past week, Bank of America Merrill Lynch (BAML) said on Friday amid growing expectations of a Read More