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Capital Markets Asset Management and Custody Banks

  • LONDON, April 24- Hedge funds have tempered their bullishness towards crude oil as the short-covering rally that gripped the market since the end of March ran its course. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 8 million barrels in the week to April 18.

  • Arconic announced on Monday that after last week's resignation of its chief executive and chairman, Klaus Kleinfeld, it was postponing its annual meeting from May 16 to an unspecified day at the end of the month. Kleinfeld resigned after sending a letter to Elliott founder Paul Singer this month that Arconic's board did not approve and that the hedge fund...

  • CALGARY, Alberta, April 24- U.S. pipeline company Kinder Morgan Inc said on Monday its Canadian unit filed a prospectus for an initial public offering of restricted voting shares, to help finance its C $7.4 billion Trans Mountain expansion project. Reuters reported in February that the company had begun talks with institutional investors to raise capital for...

  • Arconic announced on Monday that after last week's resignation of its CEO and Chairman, Klaus Kleinfeld, it was postponing its annual meeting from May 16 to an unspecified day at the end of the month. Kleinfeld resigned after sending a letter to Elliott founder Paul Singer this month that Arconic's board did not approve and that the hedge fund deemed...

  • HARRISBURG, Pa.— Pennsylvania's two large public-sector pension agencies got a message from Gov. Tom Wolf on Monday: cut the fees paid to outside firms handling billions in investments. Wolf and Treasurer Joe Torsella said at a news conference that they hoped that the state government pension fund would find ways to save $46 million annually and the school...

  • LONDON, April 24- Hedge funds have tempered their bullishness towards crude oil as the short-covering rally that gripped the market since the end of March ran its course. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 8 million barrels in the week to April 18.

  • London- based asset manager Hermes Investment Management appointed Andrew Jackson as head of fixed income. Alternative asset management and investment firm Tikehau Capital Partners SAS appointed Peter Cirenza as head of its London operations. Trade association UK Finance named Stephen Jones as its first chief executive.

  • By April 18, fund managers had accumulated a net position equivalent to 3,511 billion cubic feet, the highest for three years, according to data published by U.S. Commodity Futures Trading Commission. Futures prices for gas delivered to Henry Hub in June 2017 have fallen from a recent high of $3.33 per million British thermal units on April 7 to $3.19 on April 21.

  • LONDON, April 24- Britain's top share index jumped on Monday as banking stocks surged after centrist Emmanuel Macron came out on top in the first round of France's presidential election. It delivers some potential upside in terms of what it could mean for Europe going forward, Dean Turner, economist at UBS Wealth Management, said. UK banks jumped 2.4 percent,...

  • MADISON, Wis.— Wisconsin pension fund managers and those who work directly with the state's investments will receive bonuses totaling nearly $14 million this year, the highest total ever, as a reward for strong returns, the State of Wisconsin Investment Board announced Friday. The $13.8 million in bonuses was approved for 152 of 163 board employees, exceeding...

  • Le Pen dropped by 2.5 percentage points to 22.5 percent of voting intentions compared with early April, and Macron fell 2 percentage points to 23 percent in the first round, Cevipof said. If Le Pen or Melenchon are in the second round, markets could start pricing in the risks of a "Frexit". A Le Pen victory would see European equities sell off by 13 percent-23 percent.

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • LONDON, April 20- Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain's shock vote to...

  • April 20- Blackstone Group LP, the largest manager of private equity and real estate assets, reported a bigger-than-expected jump in quarterly earnings on Thursday after the Wall Street rally helped it realize record proceeds from sales of its holdings. "I don't know what the Trump administration policies really are, or what will happen in Washington,"...

  • Blackstone, whose co-founder and chief executive Stephen Schwarzman is an economic adviser to Trump and chairs his strategic and policy forum, said the sale of assets for top dollar allowed it to pay its second highest quarterly dividend ever, equivalent to 87 cents per common unit. "In total, we will have distributed nearly $14 per common unit of value since the...

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • Blackstone said economic net income per share, a metric of its profitability which takes into account the mark-to-market valuation of its portfolio, came in at 82 cents versus 31 cents in the first quarter of 2016.. This surpassed the expectations of most research analysts, whose forecasts in a Thomson Reuters poll averaged 68 cents per share.

  • ABU DHABI, April 20- European fund manager Ardian will invest $2.5 billion in private equity funds run by Mubadala Capital, an arm of Abu Dhabi's state fund Mubadala, the companies said on Thursday, the first time Mubadala has accepted capital from a third-party investor. The deal will see Ardian invest $1.75 billion to take a majority stake in S $2.5 billion...

  • LONDON, April 20- British hedge fund firm Man Group said net inflows, positive market moves and the impact of a recent acquisition helped to boost funds under management by 10 percent in the first three months of the year. "We came into the year with a good pipeline of interest from clients, and that has resulted in net inflows of $3 billion in the first three months,"...