Provides the latest RSS feeds for Funds Management News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Sri Lanka Source.com http://www.srilankasource.com/index.php/cat/421d0b76e9973878/ en-us Mon, 20 May 2013 12:56:14 -0400 Mon, 20 May 2013 12:56:14 -0400 30 As Canada's biggest banks prepare to report their second-quarter results, analysts say those that rely more heavily on wealth management and global markets will fare better amid slowing growth in Canadian retail banking. Scotiabank (TSX:BNS) and Royal Bank (TSX:RY) are expected to lead the pack this quarter because of their focus on wealth management and capital markets. Meanwhile, CIBC ... http://www.srilankasource.com/index.php/sid/214635721/scat/421d0b76e9973878 Mon, 20 May 2013 11:30:03 -0400 http://www.srilankasource.com/index.php/sid/214635721/scat/421d0b76e9973878 Mon May 20, 2013 10:26am EDT * To pay less than $5 mln on closure of the deal - sources * Will buy 70 pct of MS India wealth management book - sources * Wealth managers in Asia struggle to turn a profit * Weak markets squeeze revenue, product offerings restricted By Sumeet Chatterjee May 20 (Reuters) - Standard Chartered has agreed to buy the Indian wealth management unit of Morgan Stanley, ... http://www.srilankasource.com/index.php/sid/214636085/scat/421d0b76e9973878 Mon, 20 May 2013 10:26:52 -0400 http://www.srilankasource.com/index.php/sid/214636085/scat/421d0b76e9973878 BigFoot Investments , a firm formed as an outgrowth of an established registered investment advisory practice, announces the arrival of its second generation portfolio management toolkits developed for variable annuity sub-accounts, mutual funds, individual stocks and exchange traded funds. Built by advisors for advisors, the BigFoot platform provides the information that advisory ... http://www.srilankasource.com/index.php/sid/214635243/scat/421d0b76e9973878 Mon, 20 May 2013 10:25:43 -0400 http://www.srilankasource.com/index.php/sid/214635243/scat/421d0b76e9973878 RADNOR, Pa., May 20, 2013 /PRNewswire/ --Lincoln Financial Group ( ) today introduced several new investment options for its variable annuity product lines. These new options further expand Lincoln's investment choices for advisors who prefer to work with clients in constructing a customized portfolio. The new investment options, which seek to reduce exposure to market risks, include seven ... http://www.srilankasource.com/index.php/sid/214634021/scat/421d0b76e9973878 Mon, 20 May 2013 09:22:36 -0400 http://www.srilankasource.com/index.php/sid/214634021/scat/421d0b76e9973878 SAC Capital Advisors , a development that signals a newly aggressive phase in the multiyear inquiry, according to lawyers and executives briefed on the case.Issued last week, the grand jury subpoena came as part of a broader round of requests from criminal authorities. Other SAC executives were also named in the subpoenas, the lawyers and executives said, and the fund itself received requests for ... http://www.srilankasource.com/index.php/sid/214629244/scat/421d0b76e9973878 Mon, 20 May 2013 06:35:43 -0400 http://www.srilankasource.com/index.php/sid/214629244/scat/421d0b76e9973878 California's Fiscally Disciplined Budget Positive Fitch Ratings views California's fiscal 2014 budget as continuing the disciplined approach to fiscal management shown by the state in recent years. California's economic outlook cautiously forecasts that the expiration of the federal payroll tax holiday and federal sequestration cuts will have a modestly negative impact on personal ... http://www.srilankasource.com/index.php/sid/214630552/scat/421d0b76e9973878 Mon, 20 May 2013 06:21:01 -0400 http://www.srilankasource.com/index.php/sid/214630552/scat/421d0b76e9973878 The second quarter of 2009 (Q2 2009) has brought with it good news for investment fund assets worldwide with records showing a 5.4 per cent increase to €14.39trn. Net cash flow to all funds was €84bn in the second quarter, compared to €46bn in the first, and net inflows to long-term funds were €240bn in Q2, following a cumulative outflow of €425bn over the previous ... http://www.srilankasource.com/index.php/sid/214629337/scat/421d0b76e9973878 Mon, 20 May 2013 06:11:20 -0400 http://www.srilankasource.com/index.php/sid/214629337/scat/421d0b76e9973878 The Alternative Investment Management Association (AIMA) and the Irish Funds Industry Association (IFIA) have published a new, revised edition of ... http://www.srilankasource.com/index.php/sid/214630553/scat/421d0b76e9973878 Mon, 20 May 2013 06:11:15 -0400 http://www.srilankasource.com/index.php/sid/214630553/scat/421d0b76e9973878 is designed to inform investors of emerging trends within the ETP market, and provides an overview of broad market trends in European ETP asset gathering, across all product providers. ';This report shows demand for exchange traded products continues to grow particularly as investors look to transparent and highly liquid products with which to invest,'; commented Nizam Hamid, ... http://www.srilankasource.com/index.php/sid/214630554/scat/421d0b76e9973878 Mon, 20 May 2013 06:11:11 -0400 http://www.srilankasource.com/index.php/sid/214630554/scat/421d0b76e9973878 For gold investors, the bad news literally outweighs the good. The gold price looks headed down and may repeat April's big falls. The pace of decline depends on U.S. data and the Federal ... http://www.srilankasource.com/index.php/sid/214629056/scat/421d0b76e9973878 Mon, 20 May 2013 05:49:32 -0400 http://www.srilankasource.com/index.php/sid/214629056/scat/421d0b76e9973878 The investment management industry must employ a ‘back-to-basics’ approach when it comes to client relationships in order to rebuild trust with investors, says KPMG. A combination of improved communication and education, increased knowledge sharing and a strengthening of corporate governance and risk management transparency are recommendations made in KPMG’s ... http://www.srilankasource.com/index.php/sid/214628038/scat/421d0b76e9973878 Mon, 20 May 2013 04:22:42 -0400 http://www.srilankasource.com/index.php/sid/214628038/scat/421d0b76e9973878 Institutional investors remain committed to hedge funds despite the bashing the asset class has received in recent months. In fact, a large number even plan to increase their allocations in 2009. This is according to a recent hedge fund study carried out by State Street in conjunction with the 2008 Global Absolute Return Congress (Global ARC). State Street's fifth institutional ... http://www.srilankasource.com/index.php/sid/214628039/scat/421d0b76e9973878 Mon, 20 May 2013 04:22:31 -0400 http://www.srilankasource.com/index.php/sid/214628039/scat/421d0b76e9973878 Norway’s Government Pension Fund – Global recorded all-time low returns of -7.7 per cent in quarter three of 2008 (Q3 2008), 1.8 per cent lower than that on the benchmark portfolio defined by the Ministry of Finance, according to the latest quarterly report by Norges Bank Investment Management (NBIM). NOK 128bn of transfers were made to the fund in the quarter, and at the end ... http://www.srilankasource.com/index.php/sid/214626840/scat/421d0b76e9973878 Mon, 20 May 2013 04:22:14 -0400 http://www.srilankasource.com/index.php/sid/214626840/scat/421d0b76e9973878 The net worth of supervised Dutch investment funds fell by €6.4bn (eight per cent) in the third quarter of 2008 (Q3 2008), with De Nederlandsche Bank attributing losses to investment write-downs and net withdrawals by investors. Equity price falls of 11 per cent, which were in line with the worldwide drop in equity prices of 12 per cent, according to the MSCI World Index, was the ... http://www.srilankasource.com/index.php/sid/214626925/scat/421d0b76e9973878 Mon, 20 May 2013 04:22:12 -0400 http://www.srilankasource.com/index.php/sid/214626925/scat/421d0b76e9973878 While much of the global financial sector is suffering from battered reputations and returns, exchange traded funds (ETFs) have reportedly gone from strength to strength, with the growth in uptake of ETFs being driven by the current market turmoil, according to ETF provider iShares. iShares said that as investors continue to address market risk, ETFs will only grow and benefit in the long ... http://www.srilankasource.com/index.php/sid/214628040/scat/421d0b76e9973878 Mon, 20 May 2013 04:22:05 -0400 http://www.srilankasource.com/index.php/sid/214628040/scat/421d0b76e9973878 Dutch mutual funds expanded their share in Dutch household investments from 54 per cent to 55 per cent in the first quarter 2008, according to De Nederlandsche Bank. The Bank said the increase may be a turnaround in a declining trend, and sees the various measures taken since 2006 to improve the business climate for mutual funds in the Netherlands as beginning to take effect. However, the ... http://www.srilankasource.com/index.php/sid/214627772/scat/421d0b76e9973878 Mon, 20 May 2013 04:21:45 -0400 http://www.srilankasource.com/index.php/sid/214627772/scat/421d0b76e9973878 The European Fund and Asset Management Association (EFAMA) has published a report providing a comprehensive overview of the European asset management industry across the investment funds and discretionary mandates landscape. The report focuses on the size of the industry, the location of the activity of asset management, the industry’s clients and the asset allocation at the end of ... http://www.srilankasource.com/index.php/sid/214628041/scat/421d0b76e9973878 Mon, 20 May 2013 04:21:43 -0400 http://www.srilankasource.com/index.php/sid/214628041/scat/421d0b76e9973878 The assets under management (AUM) in European Exchange Traded Funds (ETF) are predicted to exceed the AUM of American ETFs in the next few months. Since the beginning of 2006, the AUM of fixed income ETFs have grown from £4.4bn to £16.7bn at the end of May 2008, equating to a return of 73.5 per cent. AUM in US fixed income ETFs are currently at £21.8bn, and in Europe ... http://www.srilankasource.com/index.php/sid/214627200/scat/421d0b76e9973878 Mon, 20 May 2013 04:21:34 -0400 http://www.srilankasource.com/index.php/sid/214627200/scat/421d0b76e9973878 Investors in hedge funds could be better off if they take the right action following the publication of a new voluntary code of conduct for hedge funds. January saw the long awaited publication of the Hedge Fund Working Group’s (HFWG) final report, headed by Sir Andrew Large (pictured), setting out best practice standards for hedge fund managers. It is now, said Large, up to ... http://www.srilankasource.com/index.php/sid/214628042/scat/421d0b76e9973878 Mon, 20 May 2013 04:21:18 -0400 http://www.srilankasource.com/index.php/sid/214628042/scat/421d0b76e9973878 April 2007 Institutional investors are showing increased confidence in investing in hedge funds although there are ongoing concerns about risk management, accurate valuations and high fees, a new study has found. According to State Street Corporation’s third institutional investor hedge fund study more than half of respondents have indicated that their governing bodies are more ... http://www.srilankasource.com/index.php/sid/214628043/scat/421d0b76e9973878 Mon, 20 May 2013 04:21:08 -0400 http://www.srilankasource.com/index.php/sid/214628043/scat/421d0b76e9973878 Though there is an increase in the funds set aside for solid waste management every year, the city lacks cleanliness, which irks the residents.While garbage is littered on several streets, some of the plastic bins erected by the roadside have gone missing - leaving behind iron frames. Hoteliers and shops owners would dump rubbish into the bins. Sometimes, wet waste was also dumped, causing foul ... http://www.srilankasource.com/index.php/sid/214621613/scat/421d0b76e9973878 Sun, 19 May 2013 20:45:55 -0400 http://www.srilankasource.com/index.php/sid/214621613/scat/421d0b76e9973878 The debt and banking crises in Europe have contributed to volatile markets in the region over the past few years, and that has weighed on European equity funds. But while the region is still unstable, market performance has improved somewhat recently. We took a look at fund returns over the last six ... http://www.srilankasource.com/index.php/sid/214620661/scat/421d0b76e9973878 Sun, 19 May 2013 20:10:23 -0400 http://www.srilankasource.com/index.php/sid/214620661/scat/421d0b76e9973878 It also was great news for clients of manager Bruce Berkowitz of Fairholme Capital Management, who has been a large holder of MBIA.Berkowitz, who was named Morningstar's domestic-equity Fund Manager of the Decade in 2010, has a small position in MBIA in ... http://www.srilankasource.com/index.php/sid/214621032/scat/421d0b76e9973878 Sun, 19 May 2013 19:41:52 -0400 http://www.srilankasource.com/index.php/sid/214621032/scat/421d0b76e9973878 There's been much discussion of bond-fund managers increasingly investing beyond the confines of the high-grade U.S. bond market in recent years. That seems intuitive: Yields on high-quality U.S. bonds have plumbed new lows, pushing investors into relatively higher-yielding sectors, such as emerging-markets bonds, junk corporates, and nonagency mortgages. Prominent managers such as ... http://www.srilankasource.com/index.php/sid/214614075/scat/421d0b76e9973878 Sun, 19 May 2013 07:54:29 -0400 http://www.srilankasource.com/index.php/sid/214614075/scat/421d0b76e9973878 Morningstar recently issued a new Stewardship Grade for BlackRock. The firm's overall grade--which considers corporate culture, fund board quality, fund manager incentives, fees, and regulatory history--is a C. What follows is Morningstar's analysis of the firm's corporate culture. This text, as well as analytical text on the other four Stewardship Grade criteria, is available to ... http://www.srilankasource.com/index.php/sid/214613719/scat/421d0b76e9973878 Sun, 19 May 2013 07:04:29 -0400 http://www.srilankasource.com/index.php/sid/214613719/scat/421d0b76e9973878