Watch breaking news videos and read news updates about Economy on pionline.com
Cuba's largest export partners
trueCanada and China top the list of Cuba's largest trading partners, according to the latest data from the CIA World Factbook. In 2012, Canada accounted for 17.7% of the country's exports, followed by China (16.9%), Venezuela (12.5%) and the Netherlands (9%).
Institutional investment in Cuba 'could be years away' after U.S. restores relations
truePresident Barack Obama's announcement Wednesday that the U.S. and Cuba would restore diplomatic relations won't open up U.S. institutional investment in the Caribbean nation anytime soon.
Fed will be 'patient' in raising rates
trueFederal Open Market Committee members announced Wednesday they “can be patient in beginning to normalize the stance of monetary policy,” said a statement at the end of a two-day meeting.
McKinsey: Strong money manager growth buoyed by non-traditional strategies
trueThe global money management industry has seen very strong growth since the financial crisis, although more specialized approaches have been more successful than traditional money management approaches, said a report from management consulting firm McKinsey & Co.
BofA: Managers boost cash holdings, pull back U.S. equity, commodity holdings
trueMoney managers are increasing their cash holdings and reducing allocations to commodities, said Bank of America Merrill Lynch’s monthly fund manager survey.
Massachusetts Housing pension fund looking for emerging markets equity manager
trueMassachusetts Housing Finance Agency Employees' Retirement System is searching for an emerging markets equity manager to run about $10 million.
Manulife Asset Management lifts out 2 from Jupiter for emerging markets equity
trueManulife Asset Management has lifted out two executives from Jupiter Asset Management in London to manage a new global emerging markets equity portfolio.
Moody's: Large managers will benefit in 2015 from market conditions
trueThe largest money managers will benefit from benign market conditions in 2015, said an outlook report released Wednesday by Moody’s Investor Service.
Managers shifting to new reality of fixed income
trueThe fixed-income trading desks of larger money managers are setting prices of trades instead of discovering them while applying the electronic trading skills of their equity brethren to adapt to the changing nature of the secondary bond markets at a time of lower liquidity.
All risks are not created equal
trueInvestors who have relied on quantitative easing as the basis for many of their investment decisions have been well-rewarded. But the times, and investors' views, are changing.
eVestment: Equity strategies post first quarter of inflows in more than 2 years
trueInstitutional equity strategies experienced net inflows for the first time since the first quarter of 2012, eVestment’s quarterly report on global institutional asset flows shows.
Cambridge Retirement System seeks first emerging markets debt manager
trueCambridge (Mass.) Retirement System is searching for an emerging markets debt manager to run about $30 million.
OECD warns European Central bank needs stronger policies to avoid stagnation
trueThe European Central Bank must implement stronger policies if it is to avoid a prolonged period of stagnation, and to prevent unintended effects to other economies, warned the Organization for Economic Co-operation and Development.
Fed minutes show caution over foreign markets
trueSome members of the Federal Open Market Committee remain concerned about slower-than-expected economic growth in the coming months if foreign economies continue to struggle, said minutes from their late Oct. 28-29 meeting released Wednesday.
Manchester Employees eyes bond allocation tweaks
trueManchester (N.H.) Employees’ Contributory Retirement System might increase its allocation to diversified fixed income and lower its allocation to emerging markets debt in 2015, said Gerard Fleury, executive director.