Posts Tagged ‘chief investment officer’

JP Morgan exec steps down following bank’s $2 billion loss

Diane Alter – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – Following JP Morgan Chase’s admitted $ 2 billion blunder, the bank’s chief investment officer has stepped down. The bank behemoth announced Monday that Ina Drew resigned following the bank’s $ 2 billion loss caused by a trade involving derivatives that was […]

PIMCO draws $60 billion in 2011 to top mutual fund inflows

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – Giant asset manager Pacific Investment Management Co. attracted more cash than any of its rivals in 2011, even as its flagship PIMCO Total Return Fund, the world’s largest bond fund, suffered its first ever calendar year of outflows. Pimco’s actively managed bond and […]

Investors Eye Egypt Even as Politics, Economy Remain Shaky

The Media Line Staff Cairo, Egypt (TML) – There’s bloody sectarian violence, privatization deals are being rescinded, businessmen are being jailed and the prospects of short term economic growth remain dim. But even as the country is gripped by political and economic distress, foreign investors are taking a surprisingly positive view on Egypt. Financial investors, […]