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Money managers tame their expectations on the economy, survey shows
trueMore money managers are adopting a moderate outlook on U.S. economic growth, a quarterly survey by Northern Trust shows.
IACPM: Credit default concerns rising outside North America
trueCredit portfolio managers are concerned about credit defaults potentially rising over the next 12 months, but see credit spreads remaining steady over the next three months, said a survey from the International Association of Credit Portfolio Managers.
GARP managers hold firm on EAFE portfolios despite losses
trueSome global growth-at-a-reasonable price money managers are coping with client losses stemming from underperforming Europe, Australasia and Far East strategies.
Gross: 8%-9% returns 'going to be difficult to achieve' for pension funds
trueWilliam H. Gross on Thursday said investors need to say “bye-bye” to the days of historically high returns, and target returns of as much as 9% for pension funds are “going to be difficult to achieve, especially with rates where they are now.”
Fed sees pickup in economic growth
trueMembers of the Federal Open Market Committee expect faster economic growth in the second half of 2014 and in 2015 under current monetary policy, according to minutes from the September meeting that were released Wednesday.
Appetite for yield is driving demand for real estate, say panelists
trueThe hunt for yield is driving global investors' interest in adding real estate to their portfolios and creating selling opportunities for holders of core property portfolios, said speakers at the Pension Real Estate Association's 24th Annual Institutional Investor Real Estate Conference at the ...
Draghi says ECB will purchase assets for at least two years
trueThe European Central Bank will buy assets for at least two years to boost inflation and economic growth in the eurozone.
Managed funds group calls for market reforms
trueManaged Funds Association is calling on federal regulators to consider further structural reforms in equity markets.
TMX names new CEO
trueLou Eccleston was named CEO of TMX Group, operator of the Toronto and Montreal stock exchanges among other Canadian equity, fixed-income and energy trading venues.
Fed: One more month of tapering, funds rate stays low
trueMembers of the Federal Open Market Committee voted to finish tapering their bond-buying program with a final $15 billion in purchases in October.
U.K. to issue bond in renminbi
trueThe U.K. government intends for Britain to become the first Western country to issue a bond in China's currency, the renminbi, said U.K. Chancellor of the Exchequer George Osborne.
Canadian provinces agree to uniform capital markets regulations
trueAn agreement on forming a cooperative capital markets regulatory system was announced this week by Canadian Finance Minister Joe Oliver and ministers of four Canadian provinces.
European Commission names financial supervisory commissioner
trueLord Jonathan Hill of Oareford was named commissioner for financial stability, financial service and capital markets union at the European Commission.
CFTC says it has evidence of price-rigging on ISDAfix benchmark
trueDerivatives regulators told the Justice Department they've found evidence of criminal behavior following an investigation into banks' alleged manipulation of ISDAfix, a benchmark used to set rates for trillions of dollars of financial products.
Draghi calls for almost $1 trillion of stimulus, delays fight over quantitative easing
trueMario Draghi signaled at least €700 billion ($906 billion) of fresh aid for the eurozone's moribund economy and left a fight with Germany over sovereign bond purchases for another day.