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Capital Markets Asset Management and Custody Banks

  • *Ex-Goldman Sachs banker Beatriz Sanchez appointed head of LatAm. ZURICH, July 24- Julius Bar had its most successful six months of attracting new assets from wealthy clients since the financial crisis, it said on Monday, boosted by a recent push to recruit more private bankers. It indicates assets gathered by the new bankers accelerated in May and June after...

  • LONDON/ VANCOUVER, July 21- Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, two sources with knowledge with the matter said on Friday. The sources said on Friday it was now in talks to create a 50:50 venture for the assets with Canada's Ontario Teachers' Pension Plan.

  • *GRAPHIC: Stocks vs bond yields http://reut.rs/2uhd7By. *GRAPHIC: India stock market valuations: http://tmsnrt.rs/2vG3Cvg. LONDON, July 21- Stock prices climbing ever high as interest rates and volatility plumb rock bottom: for some of the world's top asset managers, the investment outlook is as good as it gets.

  • LONDON, July 21- Active fund managers enjoyed a slight respite from the relentless rise of passive index-tracking this week, with the biggest inflow to active equity funds in two and a half years, Bank of America Merrill Lynch strategists found on Friday. As earnings season kicked off in Europe, the region's equities drew their largest inflows in ten weeks, with...

  • *Incident reflects flaring tension in China's financial system. SHANGHAI/ SYDNEY, July 21- Up to 50 investors have intruded into the central Shanghai offices of an Australian currency brokerage and are holding some of its staff against their will, in protest against losses made on currency trades, the brokerage said on Friday. "We are in the middle of a very strange...

  • SAO PAULO, July 20- Canada's Brookfield Asset Management Inc is in talks with Odebrecht SA to buy seven Brazilian highways operated by the conglomerate's transportation unit, two sources with knowledge of the matter said on Thursday. One of the largest is the Rota das Bandeiras, in Sao Paulo, Brazil's richest state. The conglomerate, as part of a $3.5 billion...

  • July 20- The California State Teachers Retirement System on Thursday reported a 13.4 percent net return on investment for the fiscal year ended June 30, marking the first time the public pension fund exceeded its target return since 2014.. The higher returns relieve some pressure for CalSTRS, the country's second-largest public pension fund with $208.7...

  • July 19- A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager with Credit Suisse, pleaded guilty in federal court in Alexandria, Virginia to conspiring to defraud...

  • July 19- You might want to make sure your hedge fund managers have lots of skin in the particular game you are playing alongside them. Hedge funds have long touted their willingness to invest alongside their clients, with some $400 billion of the $3 trillion hedge fund universe belonging to insiders and related parties. We find that funds with greater investment...

  • BOSTON, July 19- Blackstone Group has written the first check from its latest seeding fund, sources familiar with the matter said this week, committing $100 million in start-up capital to a new hedge fund run by a former TPG-Axon executive. The New York- based investor, one of the world's biggest alternative asset managers, funded Keita Arisawa's Hong Kong- based...

  • NEW YORK, July 19- After Morgan Stanley's wealth management business reported record quarterly revenue and hit the high end of its profit margin target on Wednesday, analysts wanted to know how sustainable those results are. Rising stock markets, another Federal Reserve interest rate increase and strong loan demand helped the business generate $4.2 billion...

  • **Shares of U.S. asset management company down 6.6 pct at $90.96 and on course for worst one-day performance since last June, when Britain voted to leave the EU. **NTRS misses Q2 profit estimates, hurt by higher compensation expenses that include severance fees. **Q2 revenue in line with Street estimates.

  • *Genoa- base group confirms 2017 guidance. MILAN, July 19- Italian rail-signalling company Ansaldo STS is looking for small acquisitions to offset a sector slowdown though it sees no quick solution to its row with activist funds holding almost a third of the group, its chief executive told Reuters. Owned by U.S. hedge fund manager Paul Singer, Elliott is vocal in...

  • NEW YORK— Investment bank Morgan Stanley said its second-quarter profit rose 11 percent from a year ago, and the bank's trading desks were able to outmaneuver its rivals in a quiet market. After the bank's major competitors— Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America— all reported declines in trading during the period, many expected the same from...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • WASHINGTON, July 19- Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump's companies to run a New York hotel. Reuters reported on April 26 that public pension funds in at least seven U.S. states periodically send...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in Luxembourg...

  • BOSTON, July 18- Fidelity's bets on unicorn companies, the rare private firm or startup that grows in value to at least $1 billion, put a dent in the stellar performance of some of the company's most popular mutual funds during the first half of 2017.. Fidelity disclosed this week, for example, how content-sharing company Pinterest Inc had an outsize impact on the...

  • Cramer's lightning round: I'm all in on this financial with great leadership

    Jim Cramer flies through his take on callers' favorite stocks at lightning speed, including one asset manager.