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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.
Financial Stability Board: Funds with $100 billion might be too big to fail
trueInvestment funds that manage more than $100 billion in assets might be labeled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and insurers.
New risk index shows investors are trending toward higher greed
trueThe Acertus Market Sentiment Indicator level is 61, which is trending toward high complacency with investors, said John Longo, chief investment officer of Acertus Capital Management, which launched the AMSI earlier this month.
Marathon liquidated PPIP fund after earning Treasury 25% return
trueMarathon Asset Management, one of nine firms selected in the credit crisis to manage a government-subsidized program to revive the mortgage-bond market, liquidated its fund after handing the U.S. Treasury a 25% return.
Forecast optimistic for new year
trueInstitutional investment strategists generally paint an upbeat outlook for 2013, including the S&P 500 and emerging markets, while seeing little chance of recession in a weak but slowly strengthening economy.
Survey: Managers more confident in recovery despite approaching cliff
trueMoney managers surveyed this month by Bank of America Merrill Lynch are increasingly confident in a global economic recovery despite the still unresolved U.S. fiscal cliff.
AllianceBernstein liquidates Public-Private Investment Program fund for Treasury
trueAllianceBernstein on Tuesday liquidated its Legacy Securities Fund, part of the U.S. Treasury's Public-Private Investment Program.
Investors blind to danger of fiscal cliff, says BlackRock
trueIf Washington powerbrokers don't address the so-called fiscal cliff, the economy could be driven back into a recession, according to analysts at BlackRock.
Institutional investors see big tail-risk event ahead
trueAbout three-quarters of executives from a mixed universe of institutional investors think a significant tail-risk event is likely to very likely within the next 12 months.
Poverty rates rising for older Americans without DB plans, NIRS finds
trueRates of poverty among older Americans without defined benefit pensions were nine times greater in 2010 than for those with the pension plans, up from six times greater in 2006, according to a new report from the National Institute on Retirement Security.
Money managers cautious on U.S. outlook, survey finds
trueInstitutional money managers are less confident in their outlook for the U.S. economy, although they do not expect a recession and they see some positive factors, according to Northern Trust.
Kashkari, Doll differ on prospects for QE3
truePacific Investment Management Co.’s Neel Kashkari said the Federal Reserve is likely to start a third round of quantitative easing, but BlackRock’s Robert Doll said the central bank will wait to see whether the economy weakens more.
Preparing for increased volatility
trueFinancial asset prices are a reflection of the current environment as well as future expectations, but often, rising or falling prices feed back into the shaping of expectations themselves.
Barton Biggs trims stock in anticipation of S&P 500 drop
trueThe Standard & Poor's 500 Index may fall as much as 7% because of economic weakness in Europe, according to hedge fund manager Barton Biggs.
BlackRock's Doll: 2012 economy to rise or fall on Europe, U.S. quick fixes
trueThe European debt crisis will begin to ease while the U.S. economy “muddles” through another year with modest earnings growth, Bob Doll, BlackRock chief equity strategist for fundamental equities, said Thursday in his 10 Predictions for 2012.