Reuters: Funds News

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03/16/2010 11:42 AM

BNP China JV plans first mainland-HK fund

SHANGHAI (Reuters) - French bank BNP Paribas' China fund venture plans to launch China's first mutual fund that invests in both the Chinese and Hong Kong markets, two sources familiar with the plan said on Tuesday.

03/16/2010 11:35 AM

ICG refocuses on fund management

LONDON (Reuters) - Buyout lender Intermediate Capital Group replaced its chief executive and said it would refocus on its asset management unit because the banking crisis has dimmed growth prospects at its lending business.

03/16/2010 11:37 AM

Guggenheim ups long/short exposure

HONG KONG (Reuters) - Guggenheim Investment Advisors has been moving more of its $50 billion (33 billion pounds) in assets under management towards long/short hedge funds and away from the long-only strategy it favoured last year, said a senior executive on Tuesday.

03/15/2010 01:23 PM

Funds tap ethical emerging mkts demand

LONDON (Reuters) - Fund firms are creating sustainable investment emerging market equity strategies to meet pension fund demand for diversified portfolios with higher corporate governance standards.

03/15/2010 10:53 AM

China state fund opens up to shorting

HONG KONG (Reuters) - China's $300 billion (199 billion pounds) sovereign wealth fund is looking at directly investing in funds that could benefit from falling equity prices, a top manager at Pyramis Global Advisors said on Monday.

03/15/2010 10:59 AM

Henderson may cut quarter of funds-source

LONDON (Reuters) - Anglo-Australian fund manager Henderson , which took over rival New Star last year, could cut around a quarter of its funds as it rebrands under the Henderson name, a source close to the fund firm said.

03/11/2010 05:41 PM

EU defends hedge fund rules against U.S. critics

BRUSSELS (Reuters) - The European Union hit back on Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also given by Washington and others.

03/11/2010 05:17 PM

Ex-Cazenove partner gets 21 months' jail for deals

LONDON (Reuters) - A former partner of Cazenove, known as the Queen's stockbroker, was jailed for 21 months on Thursday for making more than 100,000 pounds from buying shares in companies just before takeovers were unveiled.

03/11/2010 05:38 PM

Connaught gets no bid from 3i

LONDON (Reuters) - British support services group Connaught has not received a bid approach, it said on Thursday, confirming what sources had earlier told Reuters.

03/10/2010 02:17 PM

F&C optimistic as flows pick up

LONDON (Reuters) - British fund manager F&C Asset Management said on Wednesday it was beginning to see an improvement in fund flows after a long period of deterioration, on the back of strong investment performance.

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