Investors pull $23.5bn from Pimco fund

Withdrawals from Total Return Fund rise in September

Editor’s choice

Senior citizens walk along Llandudno Pier on September 8, 2014 in Llandudno, Wales ©Getty
bfinance disputes Hyman Robertson’s claim that government could save £230m a year
epa04168827 A Tesco supermarket sign is pictured in London, 16 April 2014. Britain's biggest retailer Tesco posted a 6 percent fall in annual profit. EPA/FACUNDO ARRIZABALAGA ©EPA
Critics say a range of other factors must also be used to assess managerial performance

Goldman fund takes stake in Caxton

Petershill buys nearly 10% of macro hedge fund manager

Fink blames regulators for heated markets

BlackRock chief says tight regulation and low interest rates reward debtors

Banks pull out of dozens of benchmarks

Withdrawals in wake of rate scandals could leave investors blind

IMF urges shake-up of top bankers’ pay

Fund says bonus packages should include debt as well as equity

ECB pushed to take ‘junk’ loan bundles

Relaxation of rules likely to face German opposition

Deutsche Bank withholds bonuses

Executives will not receive latest instalment of 2011 pay

Chinese banks shun month-end deposits

Lenders scramble to comply with new rules to limit window-dressing

RAC van

Buyout managers face investor competition

Years of low interest rates push big funds to invest cash directly

State Street fires back in ETF price war

Follows rivals in slashing ETF fees

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