Economy

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  1. 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%).

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. 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.

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  6. 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.

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  7. 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.

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  8. 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.

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  9. 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.

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  10. 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.

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  11. 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.

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  12. 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.

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  13. 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.

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