Capital Markets Asset Management and Custody Banks

  • BOSTON, Jan 18- A small Boston- area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts. Secretary of the Commonwealth William Galvin said he has moved to bar three hedge funds and...

  • SMALL BOSTON-AREA HEDGE FUNDS FACE ALLEGATIONS INVESTOR MONEY SPENT ON LIQUOR, LUXURY HOTELS AND CARS- MASSACHUSETTS REGULATOR.

  • The investment manager developed by UK pension funds to invest in UK infrastructure, appointed Tony Poulter as chairman. The global advisory, broking and solutions firm named Mike Liss as head of its corporate risk and broking business in North America, effective immediately. The fixed income manager appointed Timothy Ash to the newly created role of...

  • BOSTON/ BEIJING, Jan 18- The hedge fund investment firm founded by Anthony Scaramucci said it will sell a majority of itself to RON Transatlantic EG and an arm of Chinese aviation and tourism conglomerate HNA Group, four days after Scaramucci took a position in President-elect Donald Trump's administration. For HNA Group, which announced about $20 billion of...

  • *Sees Donald Trump as biggest risk in 2017. TOKYO, Jan 18- A rally in global stock markets in the past few months is being driven more by improving economic fundamentals than by expectations of more U.S. fiscal stimulus under President-elect Donald Trump, a chief investment officer of Dutch asset management firm Robeco said. To the contrary, uncertainty over...

  • HONG KONG, Jan 18- Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged U.S. The firmness in Asia is expected to extend to Europe with stock futures in key European markets pointing to a higher start. "Trump's comments on the dollar has helped relieve downward pressure on the renminbi and on...

  • Stock markets in Hong Kong and China led the gains. "Trump's comments on the dollar has helped relieve downward pressure on the renminbi and on Chinese equities and we have seen a steady pick up in capital flows from mainland investors into Hong Kong stocks," said Alex Wong, a portfolio manager at Ample Capital with $100 million in assets under management.

  • Jan 13- Citadel Securities, the market-making arm of billionaire hedge-fund manager Ken Griffin, has agreed to pay $22.6 million to settle charges that it misled customers about the way it priced trades, the U.S. Securities and Exchange Commission said on Friday. "This affected millions of retail orders," said Stephanie Avakian, the acting director of...

  • NEW YORK, Jan 17- A former Visium Asset Management portfolio manager on Tuesday identified a Washington- based policy expert as having helped him engage in insider trading by tipping him to a yet-announced government funding cut for home health services. Christopher Plaford, who became a cooperating witness for U.S. authorities probing the hedge fund,...

  • NEW YORK, Jan 17- Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Although the tools will not necessarily generate fees, they will help financial advisers do their jobs better, Morgan Stanley Chief Executive James Gorman said.

  • NEW YORK, Jan 17- Morgan Stanley's wealth management business signed deals with 10 new digital partners last year, Chief Executive James Gorman said during a call on Tuesday with analysts to discuss the bank's fourth-quarter earnings. Unlike some of its Wall Street peers who have announced partnerships with automated investment tools called "robo-advisors,"...

  • The switch from active to passive asset management / Why there's no nirvana in investing

    CNBC's Julia Chatterley discusses the Davos panel she hosted on asset management, in which CEOs discussed changes facing the industry.

  • QE has meant all assets go up at once: Aberdeen CEO

    Aberdeen Asset Management CEO Martin Gilbert takes a look at the future of the asset management sector and the types of investing.

  • We are seeing more consolidation: Aberdeen AM CEO

    Allianz CEO Oliver Bäte and Aberdeen Asset Management CEO Martin Gilbert talk about whether consolidation in the asset management sector will continue in 2017.

  • LONDON, Jan 17- Worries over Donald Trump's economic policies and the potential for U.S. policy errors rose sharply this month, according to a survey of fund managers released on Tuesday, prompting them to hold more cash even though they expect growth and inflation to rise further. Bank of America Merrill Lynch's monthly fund manager survey for January also...

  • LONDON, Jan 17- Carlyle Group has agreed to become the largest shareholder in Johannesburg- based Global Credit Ratings, the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services. Carlyle raised $698 million for its Africa buyout fund in 2014, exceeding its $500 million target. Founded more than two decades ago as the...

  • Asset management is transforming: Barings CEO

    Barings CEO Tom Finke discusses his business in the light of Brexit, adding that he does not expect a "mass exodus from the city."

  • Trump means old asset management game long gone: Barings CEO

    Barings CEO Tom Finke speaks about developments in the asset management industry, particularly following the election of Donald Trump to U.S. president.

  • LONDON, Jan 17- Carlyle Group has agreed to buy Johannesburg- based Global Credit Ratings, the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services. GCR serves 400 customers across 20 countries and is the only ratings agency to have a strong presence in multiple geographies across Africa, Carlyle said.

  • LONDON, Jan 16- Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016.. Hedge funds and other money managers cut their net long position in Brent and WTI futures and options by the equivalent of 15 million barrels in the week to...