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Pimco Global Multi-Asset, Foreign Bond funds hit with sharp outflows

(Reuters) - The Pimco Global Multi-Asset (PGAIX), Pimco Foreign Bond (PFUIX) and Pimco Investment Grade Corporate Bond (PIGIX) funds are suffering the heaviest net outflows over the trailing one-year period through March 31 among U.S.-domiciled Pimco funds rated by Morningstar Inc., data showed on Monday.

Pro-risk assets experts tapped as key gov't pension fund officials

The government on Tuesday appointed seven people, including three experts who are in favor of high-risk asset investment, for two-year terms as members of the policy-setting committee of Japan's Government Pension Investment Fund. The Health, Labor and Welfare Ministry, which oversees pension programs, has decided to tap the experts as members of the GPIF Investment Committee to promote a policy change at the fund, the investment portfolio of which has been dominated by domestic bonds, ministry sources said

Pro-risk assets experts tapped as key gov't pension fund officials

The government on Tuesday appointed seven people, including three experts who are in favor of high-risk asset investment, for two-year terms as members of the policy-setting committee of Japan's Government Pension Investment Fund. The Health, Labor and Welfare Ministry, which oversees pension programs, has decided to tap the experts as members of the GPIF Investment Committee to promote a policy change at the fund, the investment portfolio of which has been dominated by domestic bonds, ministry sources said

Chinese shares fall on IPO worries

Chinese stocks tumbled 1.52 percent Monday on fears of a possible market glut after authorities revealed a list of several firms planning initial public offerings (IPOs). The benchmark Shanghai Composite Index dropped 31.92 points to 2,065.83 on turnover of 81.7 billion yuan ($13.1 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.34 percent, or 14.58 points, to 1,074.78 on turnover of 92.3 billion yuan. Hong Kong was closed Monday for a public holiday.

New EU law to help investors pick good corporate citizens

By Simon Jessop and Jemima Kelly LONDON (Reuters) - Investors looking for companies with good environmental, social and governance track records will find the job easier after European politicians ruled that thousands of firms must reveal their performance as corporate citizens. Trillions of dollars of pension fund, insurer and mutual fund money is already invested in companies that are screened for a range of ethical criteria because of evidence that such firms tend to be more profitable in the long term.

U.S. insider trading cases face test at appeals court

By Nate Raymond NEW YORK (Reuters) - A U.S. appeals court is set hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including that of SAC Capital Advisors portfolio manager Michael Steinberg.

Former Soros team to start $150 million Hong Kong-based hedge fund

HONG KONG (Reuters) - A former Soros Fund Management team will start a Hong Kong-based hedge fund in the third quarter of 2014 with at least $150 million in initial capital including seed capital from HS Group, making it one of the biggest start-ups in the region this year. Co-founded by Kenneth Lee and Michael Yoshino, the long/short equity hedge fund firm, Pleiad Investment Advisors, will focus on investments in China and Japan.

A tough sell: insurance against a China financial crisis

By Vidya Ranganathan SINGAPORE (Reuters) - Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, the probability of a full-blown crisis is apparently so remote that hardly anyone will buy an insurance policy against it, no matter how cheap.

U.S. funds warn of risks from sanctions against Russia

By Ross Kerber BOSTON (Reuters) - U.S. fund managers warned this month of risks shareholders could face from current or future Western sanctions against Russia, underscoring the stakes for emerging-markets investors arising out of the turmoil in Ukraine. Securities filings since April 4 outlined potential problems for funds including the $124.6 million ING Russia Fund <LETRX.O>, the $841.1 million SSgA Emerging Markets Fund <SSEMX.O> and a number of iShares exchange-traded funds offered by BlackRock Inc <BLK.N>.

Carlyle launches sub-Saharan Africa fund as investor interest grows

Carlyle this week became one of the first major private equity players to launch a dedicated sub-Saharan Africa fund, underscoring the growing investor interest in the continent's growing middle class. The US-listed alternative investment manager has raised $698 million (505 million euros) -- almost $200 million above its initial target -- from both African and international investors wanting to profit from the region's expanding pool of consumers with extra cash to spend.
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