Dubai sees rising appetite from Chinese asset managers -regulator chief
By Xie Yu HONG KONG (Reuters) – Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as…
CalSTRS considers hiring China-focused equity managers for first time
By Xie Yu HONG KONG (Reuters) – The California State Teachers’ Retirement System (CalSTRS) is looking at appointing China-focused equity managers for the first time ever, as demand for asset diversification grows…
Fund managers shun China property bonds on default risks
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Fund managers are cutting their holdings in Chinese property bonds by half or even more as the sector lurches from crisis to crisis and…
Britain’s banking regulators to not take action against former HBOS senior managers- BoE
(Reuters) – Britain’s two banking regulators on Friday concluded that they will not take any enforcement action against certain former unnamed senior managers at the collapsed bank HBOS, the Bank of England…
Analysis-No longer silent, Japan asset managers flex muscle in legacy to Abe
By Makiko Yamazaki TOKYO – Japan’s asset managers nudged the volume up another notch at shareholder meetings this year, increasingly opposing management proposals and adding momentum to a policy of attracting foreign…
Two Senior SEPTA Maintenance Managers and Additional Co-Defendant Sentenced for Bribery and Fraud Scheme Against the Authority
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that David Abell, 73, of Chincoteague Island, VA, and Rodney Martinez, 51, of Blackwood, NJ, were sentenced today by United States District Court…
Two Financial Asset Managers Charged in Alleged $1.2 Billion Venezuelan Money Laundering Scheme
Miami, Florida – Two financial asset managers have been charged with money laundering for their alleged role in a $1.2 billion international scheme to launder funds corruptly obtained from Venezuela’s state-owned and…
Taiwan’s largest pension fund hiring managers for $3 billion bond mandate
HONG KONG – Taiwan’s largest pension fund is seeking to hire global asset managers to run a bond portfolio totalling $3 billion. The Bureau of Labour Funds, administering $5.8 trillion ($190 billion)…
Marketmind: What purchasing managers are saying
A look at the day ahead in markets from Sujata Rao Indexes based on the views of purchasing managers, essentially the folks who buy products for companies, give a comprehensive indication of…
Belligerent Woman Smashed Store Manager’s Cell Phone, Punched Him, Stole Soda and Fled
COLUMBUS, OH – When Karen was approached by the store manager, she wasn’t happy. A woman who was caught trying to steal some items from a store on Cleveland Avenue in the…
Terry Blackwell, O.H. Dean Oskvig and Mark Takahashi Reelected to PJM Board of Managers
Takahashi joined the PJM Board in 2016 and currently serves as Board Chair. He previously served as chief financial officer of Ascendant Group Limited, parent company of Bermuda Electric Light Company Limited.…
Three Portfolio Managers And Allianz Global Investors U.S. Charged In Connection With Multi-Billion Dollar Fraud Scheme
Allianz Global Investors U.S. LLC Also Charged With Securities Fraud, Agrees to Plead Guilty Damian Williams, the United States Attorney for the Southern District of New York, Lisa O. Monaco, the Deputy…
Three big asset managers file joint climate resolutions at J-Power
By Makiko Yamazaki TOKYO – Three European asset managers, including the largest, Amundi, said on Wednesday they had jointly filed climate-change resolutions at Japanese electricity generator Electric Power Development Co Ltd, known…
Managers of Arizona Telemedicine Company Admit Roles in $64 Million Nationwide Kickback, Health Care Fraud Schemes
NEWARK, N.J. – Two owners of a nationwide telemedicine company today admitted their roles in conspiracies to bribe doctors and to commit health care fraud, Attorney for the United States Vikas Khanna…
Two Former Managers of National Grid Sentenced to Prison for Bribery and Kickback Scheme
Earlier today, in federal court in Brooklyn, Patrick McCrann and Richard Zavada, two former managers in the facilities department of the New York utility company National Grid, were sentenced by United States…
Vanguard will not restrict its active managers’ decisions on Russia
By Ross Kerber -Top mutual fund manager Vanguard Group said on Friday it will adhere to international sanctions being imposed on Russia in the wake of Moscow’s invasion of Ukraine, but will…
Asset managers freeze $3 billion in Russia funds in market turmoil
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds totalling over $3 billion in assets, as…
U.S. FTC seeks comments on how benefits managers affect small pharmacies
By Diane Bartz WASHINGTON – The U.S. Federal Trade Commission said on Thursday it was seeking public comment on how pharmacy benefit managers (PBMs) affect smaller pharmacies and consumers, after commissioners could…
Fund managers predict volatile first half for risk assets
By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the second half…
Breaking News
