Capital Markets Asset Management and Custody Banks

  • Aug 24- Trendiness might be a good way to gain popularity in high school but it is a terrible way to pick a mutual fund, particularly a newly launched one. Like in every area of human activity, fashion plays a role in investment management, both in terms of where people choose to put their money, and, in consequence, in what kinds of products the industry creates.

  • The jump in three-month London U.S. dollar interbank offered rates, a benchmark for more than $300 trillion worth of securities around the globe, has stemmed from moves in the $2.7 trillion U.S. money market fund industry to sidestep new regulations that take effect on October 14. Treasury and other government-related securities in an effort to be exempt from...

  • Aug 24- The partners of Emerging Sovereign Group LLC have agreed to buy back the majority stake in the emerging markets-focused hedge fund manager that was acquired by Carlyle Group LP in 2011, Carlyle said on Wednesday. ESG was founded in 2002 by former Morgan Stanley colleagues Kevin Kenny, Mete Tuncel and Jason Kirschner with seed capital from Tiger...

  • *Hong Kong stocks top losers; Japan gains. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent in early trade. "China's stock markets have benefited from Brexit-related capital flows but that impact is fading and we are cautious on the market outlook given increasing signs of economic weakness," said Francis Cheung, head of China and Hong...

  • SHANGHAI, Aug 24- China's state asset manager sought to ease market worries about possible defaults, pledging on Wednesday to scrutinize bonds maturing in three months and saying a state-owned railway firm has managed to avoid default. The commission said it will "analyze such bonds one by one, make timely precautions, and actively deal with risks, in order to...

  • LONDON/ TOKYO Aug 23- Japan- focused hedge funds may be ready to start nibbling at Tokyo shares again after suffering losses earlier this year by betting on a weaker yen. Though the outlook for the yen remains as murky as ever ahead of Bank of Japan and U.S. Federal Reserve policy reviews, some fund managers think Japanese stocks are looking attractive again after...

  • Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 118 million barrels in the week to Aug. 16. Front-month Brent futures prices jumped from $41.50 a barrel on Aug. 2 to $49.23 on Aug. 16 and continued rising to reach $50.88 on Aug. 19 for an increase of more than 20 percent.

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 118 million barrels in the week to Aug. 16. Front-month Brent futures prices jumped from $41.50 a barrel on Aug. 2 to $49.23 on Aug. 16 and continued rising to reach $50.88 on Aug. 19 for an increase of more than 20 percent.

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Aug 21- Bonnie Baha, head of Global Developed Credit at DoubleLine Capital LP, has died as a result of an automobile accident over the weekend, the firm told Reuters late Sunday. Baha, 57, helped steer the Los Angeles- based DoubleLine Capital into one of the fastest growing asset management firms in the United States. Baha was regarded as one of the best corporate...

  • Morgan Stanley HQ

    A participant in Morgan Stanley's retirement-savings plan sued Friday, alleging its investment options are poor, including some funds the bank runs.

  • A participant in Morgan Stanley's 401 plan filed a lawsuit Friday in U.S. District Court in New York alleging that it offers investment options that have too-high fees and poor track records, including some mutual funds run by Morgan Stanley itself. Morgan Stanley declined to comment on the lawsuit. But Friday's suit alleges Morgan Stanley treated the plan "as...

  • LONDON, Aug 19- Sovereign wealth funds pulled $16.2 billion from third-party asset managers in the second quarter according to the latest data from research firm eVestment, up from a revised $10.1 billion in the first quarter. The depth of the sell-off reflects the fact that countries such as Russia and Saudi Arabia, which are heavily reliant on oil exports to...

  • KUALA LUMPUR/ SYDNEY/ LONDON, Aug 19- U.S. investment bank JPMorgan will include Islamic bonds, or sukuk, in its emerging markets indices for the first time from later this year, widening the appeal of Islamic instruments among global debt investors. Dollar-denominated sukuk from Turkey, Malaysia and Indonesia will be included in JPMorgan's flagship EMBI Global...

  • KUALA LUMPUR/ SYDNEY/ LONDON, Aug 19- U.S. investment bank JPMorgan will include Islamic bonds, or sukuk, in its emerging markets indices for the first time from later this year, widening the appeal of Islamic instruments among global debt investors. Dollar-denominated sukuk from Turkey, Malaysia and Indonesia will be included in JPMorgan's flagship EMBI Global...

  • NEW YORK, Aug 18- Credit Suisse Group AG is accusing a group of five investment bankers who left for Jefferies Group LLC in May of stealing confidential information and trying to coax former colleagues to join them. The dispute, which has not been previously reported, offers insight into how the Swiss bank's push into wealth management under Chief Executive...

  • NEW YORK, Aug 18- Credit Suisse Group AG is accusing a group of five investment bankers who left for Jefferies Group LLC in May of stealing confidential information and trying to coax former colleagues to join them. The dispute, which has not been previously reported, offers insight into how the Swiss bank's push into wealth management under Chief Executive...

  • AMSTERDAM, Aug 18- The average annual management charge rate paid by European investors to their mutual fund manager fell more than 8 percent over the last three years, investment research firm Morningstar said in a report. Fees varied significantly by country, with investors in Italy and Belgium paying on average 1.42 percent and 1.47 respectively, while...

  • OMAHA, Neb.— A financial industry watchdog organization has fined former Nebraska quarterback Jerry Tagge for breaking rules about borrowing money from clients. The Financial Industry Regulatory Authority fined Tagge $2,500 and suspended him for two months beginning July 19, said documents released in the organization's August report.