Norway Fund Said Among Bidders for BlackRock Singapore Tower

Norway’s sovereign wealth fund is among bidders for BlackRock Inc.’s Asia Square Tower 1, an office building in Singapore’s central business district, according to people familiar with the matter.

Pimco Replaced by BlackRock at $6 Billion Prudential Fund

Pacific Investment Management Co., seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial Inc.

Institutions shift to exchange-traded funds as futures grow costly

NEW YORK, July 29 (Reuters) - Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.

Deutsche Bank cuts Europe ETF prices to win institutional business

FRANKFURT (Reuters) - Deutsche Bank (GER:DBK) will cut commissions on four of its biggest European exchange-traded funds, or ETFs, in a move to take market share from rivals such as Vanguard and BlackRock (BLK.N) and win over big institutional investors.

BlackRock Hires Keeley to Oversee Sovereign Fund Investors

BlackRock Inc., the world’s biggest money manager, hired Terrence Keeley to head a unit overseeing relations with sovereign funds and central banks as it seeks to double assets with such clients.

Keeley will also help expand the BlackRock Investment Institute, which started earlier this year to provide clients with investment analysis, executives at the New York-based company said today in an interview. Keeley will report to Robert Fairbairn, the head of BlackRock’s client group, and Lee Kempler, executive director of the investment institute.