Reuters Money: Ackman's Pershing Square raises $3 billion in fund listing

	Click to View in Browser 10/1/2014 Ackman's Pershing Square raises $3 billion in fund listing LONDON (Reuters) - Pershing Square Holdings, a fund managed by activist investor Bill Ackman, raised $3.07 billion ahead of a stock market listing in Amsterdam, the company said on Wednesday. Pimco CEO says firm to expand equities business: CNBC NEW YORK (Reuters) - Pimco intends to expand its equities business and there will be no difference in the firm's portfolio management following the departure of former Chief Investment Officer Bill Gross, two top Pimco executives said on Tuesday. Bill Gross and the Great Man theory of investing (Reuters) - Judging by the Bill Gross affair, the Great Man theory is alive and well among investors. Vanguard, BlackRock may reap billions from Pimco after Gross exit NEW YORK/BOSTON - Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated "Bond King" of U.S. mutual funds. His new company, Janus Capital Group Inc, may see Gross's cachet attract tens of billions of dollars, investors and analysts said. Pimco ETF sees nearly $550 mln in outflows in two days (Reuters) - The Pimco Total Return exchange-traded fund saw $448 million in outflows Friday following news of the departure of longtime manager Bill Gross, but outflows slowed on Monday to $98 million, according to a Pimco spokesperson. Beware of offers to refinance federal student loans (This Sept. 29 story was refiled to remove extra space in CommonBond in paragraph 9) Retirement plan advisers set to flee Pimco after Gross exit (Reuters) - Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts-based firm that advises 401(k) plans with $50 million to $100 million in assets. He's advising clients to head for the exits. Deutsche Bank freezes 2011 bonuses as settlements loom FRANKFURT (Reuters) - Deutsche Bank has withheld some bonus payments from top executives as it awaits the outcome of a long list of legal and regulatory issues that it aims to clear before the end of the year, a senior bank offical said on Tuesday. Wall Street watchdog says to spend up to $12 million on new data collection system A mammoth data-collection system that Wall Street's industry-funded watchdog wants to develop to ramp up its oversight of the securities industry would cost an estimated $8 million to $12 million to build, the regulator said on Tuesday. UK's St. James's Place replaces Pimco on multi asset fund NEW YORK (Reuters) - British wealth manager St. James's Place has replaced Pimco as the manager of its Multi Asset fund, less than a week after the resignation of Pimco's Chief Investment Officer, Bill Gross, roiled global fixed income markets. Related Video Energy slide dings modest Q3 stock returns Wall St. watches Hong Kong protests Business News U.S. private sector creates 213,000 jobs in September: ADP Ackman's Pershing Square raises $3 billion in fund listing The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend