Capital Markets Asset Management and Custody Banks

More

  • After spending $2 million for the sole copy of Wu-Tang Clan's "Once Upon a Time in Shaolin" late last year, the 32- year-old former hedge fund manager is now offering $10 million to become the sole owner of Kanye West's new album. Shkreli said in a separate tweet that West and his label, Universal Music Group, are legally required to take his offer to their board.

  • TORONTO _ Brookfield Asset Management Inc. on Friday reported fourth-quarter earnings of $678 million. Brookfield Asset Management shares have dropped 13 percent since the beginning of the year. Keywords: Brookfield Asset Management, Earnings Report.

  • SINGAPORE, Feb 12- Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said. Barclays managed $36 billion in private banking assets in Asia as of last year, according to a survey by industry publication...

  • SINGAPORE, Feb 12- Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said. Barclays managed $36 billion in private banking assets in Asia as of last year, according to a survey by industry publication...

  • Investor John Paulson sees stock market 'overreacting' Thursday, 11 Feb 2016 | 6:32 PM ET

    SAN JUAN, Feb 11- Billionaire hedge fund investor John Paulson, closely followed for his views on the markets, said on Thursday the sliding stock market is "overreacting" and that the United States economy remains strong. The S&P 500 is down 9.4 percent year to date on concerns about depressed oil prices, China's economy and weakness in U.S. company earnings.

  • Why Europe’s big banks still scare investors Thursday, 11 Feb 2016 | 10:07 AM ET

    CNBC takes a look at Europe's largest banks in the region by market capitalization and considers what, if anything, you need to worry about.

  • After big selloffs, a second take on restaurant shares Thursday, 11 Feb 2016 | 7:00 AM ET

    NEW YORK, Feb 11- Restaurant stocks have sat like dry toast for the last six months, but investors are now starting to nibble back into the sector. "We are getting close to an investment opportunity in restaurant stocks," said Bryant Evans, portfolio manager at Cozad Asset Management in Champaign, Illinois. Sector employment has been expanding as well; in January it...

  • The banker at centre of Swiss bank BSI, 1MDB relationship Thursday, 11 Feb 2016 | 12:07 AM ET

    SINGAPORE, Feb 11- A private banker, caught up in Singapore's money laundering probe linked to 1 Malaysia Development Bhd, was a key link between the embattled state investor, a Swiss private bank and a Malaysian businessman connected to the troubled fund. Yak was not personally at the Singapore High Court on Friday, when he sought to unfreeze his Singapore funds...

  • TORONTO, Feb 10- Insurer Sun Life Financial Inc reported higher fourth-quarter earnings, driven by growth in its Canadian, Asian and asset management businesses. Net income for the quarter ended Dec. 31 was C $536 million, or 87 Canadian cents a share, compared with C $502 million, or 81 Canadian cents a share, a year ago. Profit from Asia, where Toronto- based Sun Life has...

  • WASHINGTON, Feb 10- Dozens of large U.S. hedge funds are more highly leveraged than the Third Avenue junk-bond mutual fund that collapsed last year, the federal office monitoring the financial system said on Wednesday. The Office of Financial Research analyzed quarterly reports that advisers for hedge funds with at least $500 million in assets under...

  • Feb 10- Insurer Sun Life Financial Inc reported higher fourth-quarter earnings, driven by strength in its Canadian, Asian and asset management businesses. Net income for the quarter ended Dec. 31 was C $536 million, or 87 Canadian cents a share, compared with C $502 million, or 81 Canadian cents a share, a year ago. Analysts on average had expected earnings of 87...

  • Feb 10- Morgan Stanley's Raj Dhanda, head of investment products and services in the wealth management business, is leaving the Wall Street bank after 26 years. Dhanda, who took over the role in March 2015, plans to pursue other opportunities, according to an internal memo to employees. Dhanda, who previously served as co-head of global capital markets, took over...

  • *Government sought advice on setting up Infrastructure Bank. OTTAWA/ TORONTO, Feb 10- The Canadian government is talking to the country's largest pension funds about investing in billions of dollars worth of infrastructure projects to help stimulate the economy, the Infrastructure Ministry told Reuters on Wednesday. Executives at Canada's pension funds,...

  • EXCLUSIVE- CANADA IN TALKS WITH MAJOR CANADIAN PENSION FUNDS OVER INVESTMENT IN INFRASTRUCTURE PROJECTS- MINISTRY.

  • BOSTON, Feb 10- Fidelity's high-flying OTC Portfolio, which has trounced benchmark returns over the past several years, is taking a beating in the early going of 2016 that is nearly unrivaled in the U.S. mutual fund industry. That is worse than 98 percent of peers running large-cap growth funds, according to Lipper Inc.. It has been an upside-down year for the 39-...

  • Feb 10- Viacom Inc investor SpringOwl Asset Management urged the media company's six independent directors to step down immediately, days after the board appointed Chief Executive Philippe Dauman to the additional post of executive chairman. Only Redstone's daughter Shari Redstone, non-executive vice chair of the board, voted against Dauman's...

  • Feb 10- Viacom Inc investor SpringOwl Asset Management called for the media company's independent directors to step down immediately, days after the board appointed Chief Executive Philippe Dauman as executive chairman. SpringOwl, which has been agitating for change at Viacom, said in a statement that the board is not representing the wishes of...

  • Do European banks have a safety net? Wednesday, 10 Feb 2016 | 8:38 AM ET

    CNBC takes a look at what measures the euro zone has in place to stop banking systems in its 19 member countries going to the wall.

  • Artisan Partners misses 4Q profit forecasts Tuesday, 9 Feb 2016 | 6:57 PM ET

    MILWAUKEE _ Artisan Partners Asset Management Inc. on Tuesday reported fourth-quarter profit of $20.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Artisan Partners shares have decreased 24 percent since the beginning of the year.

  • Calamos Asset Management posts 4Q profit Tuesday, 9 Feb 2016 | 6:01 PM ET

    NAPERVILLE, Ill. _ Calamos Asset Management Inc. on Tuesday reported fourth-quarter earnings of $830,000. For the year, the company reported profit of $3.3 million, or 18 cents per share. Calamos Asset Management shares have declined almost 7 percent since the beginning of the year.