Funds
Fortis sells hedge fund International Asset Management
AMSTERDAM (Reuters) - Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management as part of a strategy to bolster its balance sheet. Full Article
EU executive to adopt mutual funds overhaul
BRUSSELS (Reuters) - The European Commission will soon put forward plans to overhaul rules governing mutual funds in the European Union, the bloc's top financial regulator said on Tuesday. Full Article
Legendary investor Templeton dies
BOSTON (Reuters) - John Templeton, a pioneering mutual fund manager, global investor and billionaire philanthropist, died of pneumonia in a hospital in the Bahamas on Tuesday, a spokeswoman at his foundation said. He was 95. Full Article
Reuters Columns
Rounder economy threatens Asia
The "flat" globalized world is getting a bit rounder, as high energy prices increase the costs of transportation and undermine Asia's economic miracle. Full Article
Pick defensives to counter market capitulation-Morley
LONDON (Reuters) - The FTSE-100 of blue-chip index of blue-chip stocks is in danger of a market capitulation spreading from weakness in housebuilding and media sectors, and defensive stocks offer best protection, Morley Fund Management said on Tuesday. Full Article
Bigger may be better as smaller hedge funds give up
BOSTON (Reuters) - Bigger may really be better for hedge funds at a time the $2 trillion (1 trillion pound) industry's smaller players face tough choices of either merging or being forced out of business. Full Article
Wealth funds meet to allay Western fears
SINGAPORE (Reuters) - Sovereign wealth funds that control an estimated $3 trillion in assets will meet in Singapore this week to discuss a code of ethics aimed at allaying Western fears that their investments are politically motivated. Full Article
Barclays Wealth sees stubborn inflation
LONDON (Reuters) - Wealth managers at Barclays are stepping away from equities and telling their clients to prepare for central banks to have difficulty controlling inflation. Full Article
Gold charts point to $1,000
NEW YORK (Reuters) - While gold has a shot at retesting $1,000 an ounce after last week's resurgence, will the latest rally have room to go further? Technical analysts say yes, but the rise may not be a one-way street. Full Article
GLG Partners hires Goldman Sachs partner - newspaper
PHILADELPHIA (Reuters) - GLG Partners has hired Goldman Sachs partner Driss Ben-Brahim, who oversees the firm's emerging-markets trading, the Wall Street Journal newspaper reported in its electronic edition on Sunday. Full Article
Hedge fund code to catch the willing and unwilling
LONDON (Reuters) - Many of Europe's hedge funds will sign up to a voluntary code of standards to appease institutional investors and avoid punitive regulation, but even those that don't will be unable to ignore it. Full Article
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $0.00 | $0.00 |
| MINI GOLD | $920.00 | $920.40 |
| MINI SILVER | $17.94 | $17.96 |
