Institutional fixed-income money managers are concerned the Federal Reserve's monetary policy stimulus moves in 2013 could include harder targets for adjusting the federal funds interest rate that bring with them greater volatility.
2012 has been the year of the deal for the hedge funds-of-funds industry as players seek bigger partners with strong defined contribution and retail investor distribution networks to help them find new sources of inflows.
PBGC director Joshua Gotbaum got credit for creatively dealing with American Airlines to preserve its defined benefit pension plans during bankruptcy, but corporate pension fund executives are hoping he doesn't get too creative as he reinvents his own agency.
The Wells Fargo Stable Return Fund will limit investments effective Jan. 2, the latest restricting inflows over concerns that new money in a continuing low interest-rate environment will lower yields for existing investors.
Asia-based bidders have emerged as the last man standing in two auctions of European money management firms in recent months, a pattern market watchers expect will become more pronounced as Asia's relatively strong economic growth continues.
Liquidity and cost trump all other benefits of exchange-traded funds for institutional investors. Yet the basic attributes of these rapidly growing category of products also have large investors shying away from most areas of index and asset class innovation — where costs are higher and trading is lower.
Regulators guarding China's local stock market are putting out the welcome mat for big foreign institutional investors, amid signs that a growing number of those investors could move to take advantage of the open door.