Watch breaking news videos and read news updates about Global on pionline.com
Northern Trust reports 2.8% AUM gain in quarter
trueNorthern Trust Corp. reported $960.1 billion in total assets under management as of March 31, up 2.8% from three months earlier and 4.9% from a year earlier, said its first-quarter earnings release Tuesday.
Is the dollar peaking?
trueOn balance, there still looks to be more stagnation around the world than either a boom or a bust. So how can we explain the remarkable rebound in oil prices in recent weeks? The nearby futures price of a barrel of Brent crude has risen to $63.45 on Friday from its recent low of $45.59 on Jan. 13.
State Street teams up with 2 universities for research center focused on financial risk
trueState Street Global Exchange announced Wednesday it is collaborating with the University of California Berkeley and Stanford University’s Center for Financial and Risk Analytics in to establish a new research center focused on economic and financial risk.
GMO: Currency hedging may increase tail risk
trueHedging currency exposure increases tail risk in equity portfolios by increasing the notional exposure, “and therefore the magnitude of possible return or loss,” according to a GMO white paper released Monday.
Preqin: Sovereign wealth fund assets rise 17% in 18 months to $6.3 trillion
trueAggregate assets managed by a universe of 73 sovereign wealth funds increased 17% to $6.3 trillion as of March 31, up from $5.4 trillion at the start of October 2013, the last time researcher Preqin reviewed this part of the asset owner industry.
Norway megafund appoints panel to study infrastructure, real estate investments
trueNorway’s Ministry of Finance appointed an expert group to investigate whether the 6.4 trillion Norwegian kroner ($809 billion) Government Pension Fund Global, Oslo, should be permitted to invest in unlisted infrastructure and increase the 5% cap on real estate investments.
St. Louis Firefighters to sign Garcia Hamilton for global bonds
trueSt. Louis Firefighters Retirement Plan hired Garcia Hamilton & Associates to run a $10 million active global fixed-income portfolio, pending contract negotiations, said Janice Fairless, human resources specialist for the pension fund.
O'Hanley ready to take on 'formidable' competition
trueRonald P. O'Hanley faces big challenges now that he is CEO of State Street Global Advisors.
China taking steps to open capital markets ahead of MSCI decision
trueChina’s regulators are taking more aggressive steps to open the country’s capital markets to foreign investors in the run-up to a midyear decision by MSCI Inc. on whether to begin adding China’s A shares to the firm’s benchmark equity indexes.
Global hunt for offshore tax cheats
trueToday, many financial institution executives and foreign governments might soon start feeling much the same way about the rising tide of FATCA — the U.S. Foreign Account Tax Compliance Act — which is finally reaching their shores after its initial enactment in 2010.
O'Hanley chosen as CEO successor at SSgA
trueRonald O'Hanley was named president and CEO of State Street Global Advisors, effective in April, said a news release from the money manager.
Alabama Trust Fund issues call for global equity manager
trueAlabama Trust Fund is searching for a global equity manager to run $100 million.
The big structural upside in Japanese equities
trueThere is reason to believe that Japan is on the precipice of reordering its domestic savings structure as soon as this year, with potentially significant implications for its equity markets.
Beneath the ugly face of second half 2014 lies the beauty of opportunity in 2015
trueIn our view, the coming year will resemble more the volatility of the second half of 2014 than the prolonged, virtually uni-directional (i.e., up!) market that leveraged credit investors have enjoyed over the past several years.
2 ETFs help WisdomTree exceed $50 billion in assets
trueTwo exchange-traded funds are leading New York-based ETF manager WisdomTree Investments Inc. to experience significant growth.