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Barclays wants dark-pool lawsuit dismissed
trueBarclays on Thursday filed a motion to dismiss a lawsuit that claims the bank misled clients about the extent of high-frequency trading in its Barclays LX dark pool, saying the complaint does not identify any fraud and has “substantial factual errors.”
Managers pessimistic on credit defaults, survey finds
trueCredit portfolio managers are more pessimistic about the outlook for credit defaults in the next 12 months but see stable credit spreads in North America and tighter spreads in Europe over the next three months
BATS Global Markets president out
trueWilliam O’Brien, president of BATS Global Markets, has left the company.
Russell Investments: Market volatility dangers likely
trueInvestor complacency, unsustainably low volatility and stretched equity market valuations might lead to market shocks, said the third-quarter update of Russell Investments’ Strategists' 2014 Global Outlook.
Cambridge urges longer duration for fixed-income portfolios
truePension funds that want to reduce risk in their portfolios should consider moving away from traditional core fixed-income strategies benchmarked to the Barclays Capital Aggregate Bond index, a paper from Cambridge Associates stated.
Headwinds remain despite progress, Yellen tells Senate panel
trueFederal Reserve Chairwoman Janet Yellen told a Senate committee Tuesday that “the economy is making progress, and eventually, if we continue, the day will come when I think it will be appropriate to raise the fed fund rates."
SIFMA outlines recommendations to improve U.S. equity markets
trueThe Securities Industry and Financial Markets Association released on Monday a new set of recommendations for the structure of U.S. equity markets.
A good first half for equities
trueWhile equity markets worldwide continued to drift higher halfway through 2014, interest rates fell, surprising many.
Dow Jones tops 17,000 as June payrolls rise amid ECB stimulus
trueThe Dow Jones industrial average on Thursday climbed above 17,000 for the first time as data showed employers added more workers than projected in June and the European Central Bank disclosed details of its stimulus plans.
Pioneers in performance, risk measurement feted
trueHarry M. Markowitz, William F. Sharpe and Eugene F. Fama — all Nobel laureates in economics — are among the inductees into the Performance and Risk Measurement Hall of Fame.
Payden & Rygel uses soccer as springboard for commentaries
trueWorld Cup fever has struck money manager Payden & Rygel, with the Los Angeles-based firm looking at four matches between emerging markets countries as inspiration for its investment commentary.
BlackRock, PIMCO sue banks over mortgage-bond trustee roles
trueBlackRock and Pacific Investment Management Co. are among investors that sued banks, including Citigroup and Deutsche Bank, over their roles as mortgage-bond trustees.
Fed: Tapering continues, rates stay low as economy improves
trueMembers of the Federal Open Market Committee meeting Wednesday voted unanimously to continue tapering their bond-buying program, dropping to $35 billion in monthly purchases, down from $45 billion in April, citing “sufficient underlying strength” in the economy.
Long-term Investing and Keynes' wisdom: Succeeding unconventionally
trueThe financial crisis has brought about a renaissance in Keynesian thinking, especially in relation to the debate over austerity vs. stimulus. But the great economist John Maynard Keynes was, perhaps, even more insightful in his analysis of investment behavior.
Academics tackle high-frequency trading problem
trueThree academics have identified a market structure they contend would enhance liquidity and stability, overcoming detrimental impacts to investors of high-frequency trading.