Bill Gross warns of recession risk if highly levered economies hike rates
NEW YORK (Reuters) - Highly levered domestic and global economies including the United States, which have "feasted" on easy monetary policies in recent years, cannot withstand a normalizing of short-term interest rates without running the risk of a recession, influential bond investor Bill Gross of Janus Henderson Investors warned on Thursday.
U.S. 30-year mortgage rates fall back below 4 percent: Freddie Mac
NEW YORK (Reuters) - Interest rates on U.S. 30-year mortgages dropped back below 4 percent this week in line with a drop in Treasury yields, retreating from their highest levels in two months, Freddie Mac said on Thursday.
UK property funds planned poorly for Brexit vote turmoil: watchdog
LONDON (Reuters) - Asset managers did not plan properly or have clear procedures for valuing their property funds under stressed market conditions such as those in the aftermath of Britain's June 2016 vote to leave the European Union, the UK's markets watchdog said on Thursday.
U.S. rule on class-action suits against banks under fire in Congress
WASHINGTON (Reuters) - Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes that otherwise may turn into class-action lawsuits.
Investing in health savings accounts: Not ready for prime time
CHICAGO (Reuters) - Will health savings accounts be the new 401(k)?
U.S. taxable bond funds gather most cash since March: Lipper
NEW YORK (Reuters) - U.S. fund investors shifted $7.6 billion to the safe harbor of taxable bonds during the most recent week, Lipper data showed on Thursday, as Republicans efforts to pass major healthcare policy stalled.
BNP Paribas Asset Management hires former Pioneer chief Sandro Pierri
PARIS (Reuters) - BNP Paribas' asset management arm has appointed Sandro Pierri, former head of Pioneer Investments, as its global head of client group, sales and marketing organization as of September, it said on Thursday.
Fireman Capital Partners promotes two executives
(Reuters) - Private equity firm Fireman Capital Partners said on Thursday that it had promoted two of its senior executives.
CalSTRS annual returns jump to 13.4 percent from 1.4 percent
(Reuters) - The California State Teachers’ Retirement System on Thursday reported a 13.4 percent net return on investment for the fiscal year ended June 30, marking the first time the public pension fund exceeded its target return since 2014.
U.S. muni bond funds post $298.6 million in inflows: Lipper
(Reuters) - U.S. municipal bond funds reported $298.6 million of net inflows in the week ended July 19, compared with $172.6 million in outflows in the previous week, according to data released by Lipper on Thursday.