Reuters: Funds News
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05/09/2008 12:53 PMThe colour of investment money is... green LONDON (Reuters) - Environmental concerns are no longer the reserve of tree-hugging hippies and climate change campaigners. Fund management companies are increasingly moving into the "green" arena as public concern over the ecosystem increases.
05/09/2008 06:00 PMSovereign funds welcome in Germany BERLIN (Reuters) - Sovereign wealth funds are welcome in Germany, Finance Minister Peer Steinbrueck said on Friday ahead of a visit to the Arabian Gulf region later this month when he is expected to meet such investors.
05/09/2008 09:00 AMOil surges to record high as funds march in TOKYO (Reuters) - Oil rose to a fresh record near $125 (64 pounds) a barrel on Friday, as a strong performance over the last week and a surge in heating oil futures convinced investment funds to push prices higher.
05/09/2008 11:21 AMChina fund sees opportunity in global instability SHANGHAI (Reuters) - Global economic instability has created huge investment opportunities for China Investment Corp, but the sovereign wealth fund will be careful not to destabilise countries where it operates, its head said on Friday.
05/08/2008 11:22 AMFUND VIEW-HSBC Absolute Return dumps commodities LONDON (Reuters) - One of HSBC's most actively managed fund divisions has been reducing its exposure to commodities, expecting a major correction in the high-flying sector.
05/07/2008 01:51 PMFunds lose taste for coffee LONDON (Reuters) - Investment funds appear to have lost their taste for coffee after helping fuel a run-up to a 12-1/2-year peak in London earlier this year, and prices look unlikely to rally significantly from recent lows.
05/07/2008 09:13 AMAberdeen property buy reflects market revival hopes LONDON (Reuters) - Aberdeen's takeover of Goodman Property Investors coincides with a bout of real estate market turmoil but the time is right to raise the stakes in UK property fund management, the CEO of Aberdeen's property unit said.
05/06/2008 01:11 PMUBS axes 5,500 jobs ZURICH (Reuters) - UBS axed 5,500 jobs and sold billions of dollars of ailing assets on Tuesday in a bid to break free from the subprime crisis, but its shares dropped as investors feared its earning power might be permanently stunted.
05/06/2008 02:40 PMLegg Mason posts first-ever loss on charge BOSTON (Reuters) - U.S. money manager Legg Mason Inc posted its first-ever quarterly loss on Tuesday as it took a big charge related to a bail-out of money market funds exposed to risky securities, and the loss was wider than expected.
05/06/2008 09:19 AMInvestors buy over half of Climate Change Capital LONDON (Reuters) - European and Japanese investors have bought slightly over half of London-based Climate Change Capital for 56 million pounds, the specialist investor and consulting firm said on Tuesday.
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