The 1.1 billion pound Church of England (CoE) Pensions Board has backed Winton Capital, Bridgewater Associates and BlackRock Advisors to help boost the retirement income for over 32,000 of its clergy and lay workers.
Caixabank SA , Spain's third-biggest lender by market value, said Friday its first-half net profit sank 80% as it set aside a big chunk of income to cover losses on its real estate assets.
The G20 countries agreed just after the collapse of U.S bank Lehman Brothers in 2008, in which opaque derivatives played a part, that dealers should clear contracts where possible to aid transparency.
The decline is a result of setting aside EUR 1,304 million for provisions for real estate exposure in Spain of the second quarter ordinary profit of EUR 1,404 million.
“There’s a general tendency to move toward lower-capital, fee-based models so that might explain the appeal for strategic buyers,” said Matthias de Wit, a Brussels-based analyst at Petercam SA. “Still, it’s a tricky market to
The UK’s array of closed-ended investment trusts have long been known to outperform, on average, their better known, and much better funded, open-ended fund peers.
This was despite the significant headwinds that the fund management industry faced in the period. As at 30 June 2012 the Group's assets under management were £1,724m - an increase of £58m (3.5%) on the 2011 year end position. This include
Chairman Wang Dongming entered exclusive talks with Credit Agricole in March over the French bank’s remaining CLSA stake to add overseas research, brokerage and investment banking to Citic Securities’s operations.
Christian Dargnat, chief investment officer of BNPP IP, says the decision was taken “due to the impact of market volatility”, which has seen OAM lose “very big mandates” and its profitability fall.