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Wednesday, June 19, 2019

Reuters: Funds News

Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Investors haven't been this bearish on stocks since early-2009 when the world was in the throes of the financial crisis triggered by the Lehman Brothers collapse, Bank of America Merrill Lynch's June fund manager survey showed.
Posted: June 18, 2019, 10:16 am
Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio.
Posted: June 14, 2019, 6:50 am
Equity funds that stick to blue-chip shares cope best with calls from investors for their money back, a senior Bank of England official said on Thursday as fallout from the suspension of top UK fund Woodford continued.
Posted: June 14, 2019, 6:49 am
Neil Woodford has sold 97 million pounds of shares over the past 10 days to boost liquidity in his suspended equity income fund, a Woodford spokesman said on Thursday.
Posted: June 14, 2019, 6:46 am
Assets under management in Neil Woodford's Income Focus Fund have fallen by more than 100 million pounds since the suspension of trading in his main fund last week, data from Morningstar showed.
Posted: June 13, 2019, 8:40 am
China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs.
Posted: June 13, 2019, 8:36 am
Britain's accounting watchdog said on Thursday it had fined PwC 4.55 million pounds for failing to challenge management at IT services company Redcentric where a 20 million pound hole was later found in the books.
Posted: June 13, 2019, 7:54 am
Norway's $1 trillion (785.24 billion pounds) sovereign wealth fund may have to sell a $1 billion stake in commodities firm Glencore and other investments to meet tighter ethical investing rules adopted by its parliament.
Posted: June 12, 2019, 5:14 pm
Senior British lawmaker Nicky Morgan has asked UK fund supermarket Hargreaves Lansdown for information about its links to the Woodford fund suspended last week, a British parliamentary committee said on Tuesday.
Posted: June 12, 2019, 8:58 am
Neil Woodford's asset management firm said on Tuesday it won't waive fees for investors in its suspended flagship fund, rejecting calls from its regulator and lawmakers.
Posted: June 12, 2019, 8:58 am
Global business consultancy Capgemini is launching its first-ever investment fund, with plans to invest up to 90 million euros ($102 million) in early-stage technology companies.
Posted: June 12, 2019, 8:57 am
British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals.
Posted: June 12, 2019, 6:37 am
(This May 15 story refiles to replace cars with cards in eleventh graph)
Posted: June 11, 2019, 9:34 am
Bitcoin's weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there's a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins.
Posted: June 11, 2019, 9:34 am
British money manager Neil Woodford has barred investors from taking cash out of his flagship fund, sparking client anger and spurring the Financial Conduct Authority (FCA) to examine what is a highly unusual move for a UK retail-focused equity fund.
Posted: June 11, 2019, 6:43 am
British politicians and regulators piled pressure on Neil Woodford following the suspension of his flagship fund a week ago, while investors pulled money from his other products and a major backer distanced itself from the frozen fund.
Posted: June 11, 2019, 6:43 am
Asset manager Gatemore Capital Management, which often pursues activist campaigns at companies where it has bought shares, is poised to disclose a 10% stake in British suit retailer Moss Bros Group, Sky News reported on Sunday.
Posted: June 10, 2019, 7:35 am
Hedge fund Elliott Management Corp is in talks to acquire Barnes & Noble Inc, in a deal that would mark the end of the once-dominant U.S. book retailer as a publicly listed company, a source familiar with the matter said on Thursday.
Posted: June 7, 2019, 12:01 pm
Guernsey's stock exchange said it knows of no investigation by Britain's financial markets regulator into the bourse connected to the suspension of a fund by Neil Woodford - or a reason to start one - but stands ready to help the UK watchdog.
Posted: June 7, 2019, 7:41 am
Rolls-Royce agreed Britain's largest ever transfer of corporate pension risk, announcing on Thursday it would shift 4.6 billion pounds of assets to insurer Legal & General.
Posted: June 6, 2019, 8:20 am