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Capital Markets Asset Management and Custody Banks

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds. Known to fans as "the Oracle of Omaha," he estimated that the search for outperformance...

  • DUBAI, Feb 25- The chairman of Dubai Holding, the investment vehicle of the emirate's ruler and a major force in developing the Dubai economy, has resigned to focus on his role in the national government, the conglomerate said on Saturday. As head of Dubai Holding since its founding in 2004, Mohammed Abdullah al-Gergawi came to oversee a $35 billion portfolio of...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment industry on Saturday, saying investors should "stick with low-cost index funds." Buffett, whose annual letter is scrutinized by investors who...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment management industry on Saturday, saying investors should "stick with low-cost index funds." During the financial crisis, Buffett bet a founder of the...

  • *U.S., Canada looking for' greenfield' investors. TORONTO, Feb 24 S- Canadian pension fund manager OMERS would like to invest more in building new infrastructure, its chief financial officer said, making it a candidate to support government programs in Canada and the United States. However, with competition for' brownfield' assets inflating prices around the world,...

  • The Canadian bank's move comes after several Western firms have withdrawn from private banking in Asia, hit by increasing pressure to reduce costs at home, slowing growth in the region and rising compliance costs. Most recently, Dutch lender ABN Amro Group agreed in December to sell its private banking operations in Asia and the Middle East, which has $20...

  • BEIJING, Feb 24- China will tighten oversight of its sprawling asset management industry as it moves to rein in financial risks, a senior central bank official said in remarks published on Friday. Ruan Jianhong, head of the Survey and Statistics Department at the People's Bank of China, said the financial sector had shown "deviation", with speculative activities...

  • The Canadian bank's move comes after several Western firms have withdrawn from private banking in Asia, hit by pressure to reduce costs at home, slowing growth in the region and rising compliance costs. Most recently, the Netherlands' largest lender ABN Amro Group agreed in December to sell its private banking operations in Asia and the Middle East, which has $20...

  • DALLAS _ Ashford Inc. on Thursday reported fourth-quarter net income of $727,000. On a per-share basis, the Dallas- based company said it had profit of 25 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON/ MADRID, Feb 23- Chinese investment firm Legend Holdings and three groups of private equity funds are putting the finishing touches to rival bids for Allfunds Bank, a deal worth close to 2 billion euros, sources close to the matter told Reuters. Santander Asset Management and Intesa Sanpaolo, which own 50 percent each of Allfunds Bank, a Madrid- based mutual...

  • NEW YORK, Feb 23- Interdealer broker NEX Group Plc, formerly known as Icap, has invested in a RSRCHXchange, a London- based startup that runs an online marketplace for research on stocks, as regulatory changes in Europe and pressure on asset management fees spur innovation in the equity research sector. The company will use the injection of cash develop the...

  • SHANGHAI, Feb 23- China's main stock indexes snapped a three-session winning streak to end lower on Thursday, as expectations of new asset management rules and property taxes weighed on the market. China's central bank and other financial regulatory bodies are creating a universal framework for the oversight of the asset management industry, Chen Wenhui, the...

  • PARIS, Feb 23- AXA, France's biggest insurer, posted a 4 percent increase in 2016 net income, as stronger earnings from property insurance coverage and a recovery in its life and savings business helped to offset weakness in asset management. Net income rose to 5.83 billion euros in 2016, compared with 5.62 billion in the same period last year, AXA said on Thursday.

  • SHANGHAI, Feb 23- China stocks slid from 2-1/ 2 month highs on Thursday morning, with sentiment dampened after regulators circulated a draft plan of new rules for the asset management industry aimed a curbing financial risks. China's blue-chip CSI300 index fell 0.5 percent, to 3,472.43 at the end of the morning session, while the Shanghai Composite Index lost 0.4...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • SHANGHAI, Feb 22- China's financial regulators have circulated a draft framework of new rules aimed at curbing risks in the country's booming asset management industry, according to several Chinese news outlets and details of the draft seen by Reuters. The rules, formulated by the central bank in conjunction with China's securities, banking and insurance...

  • Tuesday's decision was a setback for hedge fund Perry Capital and other investors that sought to challenge the lower court's dismissal of lawsuits arguing the government's confiscation of profits was illegal. Major owners of the companies' preferred stock include Bruce Berkowitz's Fairholme Funds Inc, while William Ackman's Pershing Square Capital...