Funds
The 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. Full Article
Sovereign 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. Full Article
Oil 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. Full Article
Reuters Columns
Inflate in haste, repent at leisure
Inflating our way out of trouble is tempting but it's another buy now, pay later strategy, both for the economy and investors. Full Article
China 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. Full Article
FUND 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. Full Article
Funds 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. Full Article
Aberdeen 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. Full Article
UBS 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. Full Article
Legg 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. Full Article
Investors 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. Full Article
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $124.59 | $124.63 |
| MINI GOLD | $885.10 | $885.50 |
| MINI SILVER | $16.82 | $16.85 |
