Reuters: Funds News
07/04/2008 08:50 AM
Hedge fund code to catch the willing and unwilling
LONDON (Reuters) - Many of Europe's hedge funds will sign up to a voluntary code of standards to appease institutional investors and avoid punitive regulation, but even those that don't will be unable to ignore it.
07/03/2008 11:45 AM
Troubled funds industry heading for shake-up
BARCELONA (Reuters) - The 7.4 trillion euro (5.9 trillion pound) European fund management industry is set to emerge from the current bear market in markedly different shape as banks and insurers sell fund units and weaker firms fall by the wayside.
07/04/2008 03:19 AM
UBS tax probe seen bruising U.S. broker unit
NEW YORK (Reuters) - A federal probe into alleged tax evasion schemes at UBS AG could do lasting damage to its U.S. wealth management unit, just as the hard-hit Swiss bank faces speculation it might sell this lucrative business.
07/04/2008 03:42 AM
Merrill may see another downgrade on writedowns
NEW YORK (Reuters) - Forecasts for huge second quarter writedowns at Merrill Lynch & Co. have intensified concerns Moody's Investors Service may cut its debt rating, compounding the brokerage's problems with higher borrowing costs.
07/04/2008 03:21 AM
U.S. mutual funds prefer safety to opportunity
BOSTON (Reuters) - U.S. mutual fund managers aren't flocking towards equities and remain cool towards bonds, despite U.S. stocks slipping into bear market territory.
07/03/2008 04:22 AM
Fund managers search for rays of hope amid gloom
BARCELONA (Reuters) - Fund managers meeting in Barcelona this week are facing up to a bleak outlook as markets stay volatile and inflows dry up, but one or two are seeing some opportunities as asset prices tumble.
07/03/2008 04:19 AM
HSBC fund arm eyes green and frontier market launches
BARCELONA (Reuters) - HSBC Global Asset Management is planning fund launches in the environmental technology area and so-called 'frontier' emerging markets as it focuses on areas of long-term growth, its chief executive told Reuters.
07/03/2008 04:14 AM
Investors cut equities and head for safety in June
LONDON (Reuters) - Investors have cut back their holdings in stocks to the lowest level in at least four years, Reuters polls showed this week -- a sharp reaction to the threats of rising inflation and slowing economies.
07/03/2008 04:24 AM
World Bank approves climate funds before G8 summit
WASHINGTON (Reuters) - The World Bank this week agreed to establish two investment funds to help developing economies switch to clean-energy technologies to curb carbon emissions and help poor countries adapt to climate change.
07/03/2008 04:20 AM
Nomura Asset seeks Asia expansion
TOKYO (Reuters) -Nomura Asset Management, Japan's largest money manager, is looking to expand into retail fund markets in Asia, its chief investment officer said on Wednesday, as it seeks to increase its overseas exposure to fuel growth.
