 | | | | China's banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings. | | | | | | Asset managers St James's Place (SJP.L), Rathbone (RAT.L) and Man Group (EMG.L) saw billions of pounds in inflows during the first half of the year, as household savings jumped during COVID-19 lockdowns, their results showed on Wednesday. | | | | | | Lloyd's of London insurer Lancashire (LRE.L) posted a pre-tax profit of $54.1 million in the first half, helped by rising premium rates, it said on Wednesday, with the results coming in above analysts' forecasts. | | | | | | Investors have rushed to exit bets on China's health sector this week, fearingthat a regulatory crackdown that sparked panic selling in the tech and education sectors might hit the medical industry next. | | | | | | South Africa and Russia local currency government bond markets are undervalued as a rally in U.S. Treasuries and idiosyncratic issues in those emerging markets creates cheap pricing, a Morgan Stanley emerging market and FX strategist said on Tuesday. | | | | | | Private equity firms GTCR LLC and Reverence Capital Partners said on Monday financial industry veteran Joseph Sullivan will head Wells Fargo Asset Management, the business they agreed to acquire earlier this year from Wells Fargo (WFC.N) in a $2.1 billion deal. | | | | | | British asset manager M&G (MNG.L) has launched a sustainable version of its flagship 56 billion pounds ($77 billion) PruFund range of funds, its chief executive told Reuters. | | | | | | A wild week in Treasuries has investors parsing the cross-currents that may sway prices for U.S. government bonds in coming weeks, including the Federal Reserve, economic data and investor positioning. | | | | | | Global fund investors ploughed the most money into high quality bonds in nearly 5 months over the last week BofA analysts estimated on Friday, amid the ongoing unwind of the global reflation trade. | | | | | | Credit Suisse (CSGN.S) has hired UBS' David Kruck, with new divisional head Ulrich Koerner bringing in a former colleague | | | | | |
