Economy

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  1. Fidelity triples its China QFII quota, becoming first money manager to top $1 billion

    trueFidelity Investments Management (Hong Kong) got an additional $800 million in quotas for investment in China's capital markets Thursday, lifting its total quota under that country's qualified foreign institutional investor program to $1.2 billion.

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  1. High-frequency traders to be regulated by FINRA

    trueHigh-frequency and other proprietary traders will be overseen by the Financial Industry Regulatory Authority under a proposed rule announced by the Securities and Exchange Commission on Wednesday.

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  2. Old Mutual Global Investors brings on emerging markets debt head

    trueJohn Peta joined Old Mutual Global Investors as head of emerging markets debt, a spokeswoman said.

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  3. Old age doesn't kill bull markets

    trueA long expansion is a persuasive argument for buying stocks even though forward price-to-earnings ratios are historically high. Investors are likely to be willing to pay more for stocks if they perceive the economic expansion could last, let's say, another four years rather than another two years. ...

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  4. CFA Society of the U.K. members see developed markets equities as overvalued

    trueDeveloped markets equities are overvalued, say a net 52% of U.K. respondents to a survey by the CFA Society.

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  5. Fed reaffirms low federal fund rates, but drops 'patient' in approach

    trueThe Federal Open Market Committee is reaffirming the current zero to 0.25% target range for the federal funds rate, said a statement Wednesday at the end of a two-day meeting.

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  6. San Jose Police & Fire collars Dimensional for emerging markets equity

    trueSan Jose (Calif.) Police & Fire Department Retirement Plan hired Dimensional Fund Advisors to manage $50 million in active emerging markets value equities, said Ron Kumar, investment officer.

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  7. Commonfund: Investor expectations remain cautiously positive for 2015

    trueInstitutional investors' expectations for 2015 remain positive, if somewhat more cautious than in prior years, with elevated outlooks for tail risks and slightly lower expectations for U.S. stocks vs. 2014, said the fifth annual Commonfund Forum Investor Outlook Survey.

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  8. Implementation extended for rules on posting margin for non-centrally cleared trades

    trueGlobal requirements for collecting and posting initial margin on non-centrally cleared trades will not be implemented until September 2016 under an extension announced Wednesday.

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  9. Managers lower U.S. equity, emerging markets holdings — survey

    trueMoney managers are reducing U.S. equity holdings amid expectations of a U.S. rate hike, said Bank of America Merrill Lynch's monthly fund manager survey.

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  10. ICE Futures U.S. pays $3 million in CFTC settlement

    trueICE Futures U.S. reached a $3 million settlement with the CFTC over charges that the global futures and options exchange submitted false and incomplete reports and data to the agency for at least 20 months.

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  11. CalPERS CIO warns of lower equity returns in the future

    trueCalPERS' CIO warned members of the pension fund's investment committee Monday that the six-year equity bull market that helped produce strong investment results is likely coming to an end.

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  12. Fair pricing, bubbles and crashes

    trueStock returns have a fat-tailed distribution; this means that large shocks are far more likely than one might expect. A few examples illustrate why this matters to investors.

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  13. CalPERS to provide added source of contingent liquidity to derivatives clearinghouse

    trueCalPERS has joined a fully committed repo facility with derivatives clearinghouse Options Clearing Corp. and securities lending agent eSecLending to provide contingency liquidity in the event of a counterparty default.

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