 | | | | Australian wealth manager AMP Ltd said on Thursday it would defend itself against a new class-action lawsuit filed on behalf of pension fund account holders and claiming overcharging of fees. | | | | | | U.S. money market fund assets rose for a fifth consecutive week, bringing its total to more than a nine-year high as investors pour cash into low-risk funds on concerns about escalating U.S.-China trade tensions, a private report released on Wednesday showed. | | | | | | Investors jumped back in to the U.S. stock market for the first time since mid-April by sending roughly $3.7 billion into mutual funds and exchange-traded funds that hold domestic equities last week, according to data released Wednesday by the Investment Company Institute. | | | | | | Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. | | | | | | Growing demand by Asia's rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London. | | | | | | A New York appeals court has dismissed a U.S. whistleblower's $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at least "substantially true". | | | | | | Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financial markets. | | | | | | Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. | | | | | |
