investment News
USAA Leads Insurers Flocking to Exchange-Traded Funds
The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are the latest group of investors to start buying ETFs en masse, with ...
Ping An Insurance Grabs $1.6B Stake in Chinese Car Website
Ping An Insurance Group Co., China's second-largest insurer, agreed to buy a 48 percent stake in Chinese car website Autohome Inc. from Telstra Corp. for $1.6 billion, extending a shopping spree by ...
Anbang Insurance Pulls $14B Bid for Starwood Hotels
A group led by China's Anbang Insurance Group Co. withdrew its $14 billion takeover bid for Starwood Hotels & Resorts Worldwide Inc., clearing the way for a purchase by Marriott International ...
Warren Buffett’s Berkshire Hathaway Boosts Wells Fargo Ownership Stake
Warren Buffett's Berkshire Hathaway Inc on Monday said it has increased its ownership stake in Wells Fargo & Co to 10 percent, a level that could mean increased federal scrutiny over the ...
AIG Attracted Investment from Hedge Fund Jana Partners in Q4
Jana Partners LLC, the hedge fund founded by Barry Rosenstein, added stakes in pharmaceutical companies and American International Group Inc. while exiting its position in Hertz Global Holdings Inc. ...
Insurers Kept Their Faith in Allianz’s PIMCO During Transition
While investors pulled funds from Pacific Investment Management Co. in the wake of co-founder Bill Gross's departure, yield-hungry insurance companies kept faith with the company. "Last year the ...
China Insurers Launch Investment Firm, Finance Russia Natural Gas Project
More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure ...
Insurance, Big Pension and Sovereign Funds Scaling Back Emerging Market Investments
Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds -- global ...