Capital Markets Asset Management and Custody Banks

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • NEW YORK, Dec 1- Highland Capital Management LP on Thursday asked a New York state judge to order the operator of Dealbreaker.com to disclose information that could help it identify whoever posted a comment that the hedge fund firm considered "defamatory." According to a public court filing, a person using the pseudonym "Low" land Realist on Nov. 2 posted a comment on...

  • The SEC said Pimco overstated the ETF's value and provided "misleading" reasons for the fund's early success, which was premised on buying small pieces or "odd lots" of mortgaged-backed securities that sell at a discount to larger units. The asset manager used a third-party pricing service that valued the bonds as though they were larger pieces, overstating its...

  • *Britain and France to remain separate from Frankfurt bank. ZURICH, Dec 1- Swiss bank UBS has set up a bank in Frankfurt to consolidate most of its European wealth management operations, after Britain's vote to leave the European Union dashed London's chances of being the host city. Luxembourg was a contender, along with London until Britain's vote to leave the EU,...

  • However, Abrahão said asset repatriation could gain even more momentum if Brazil's government wins congressional approval for deficit-cutting bills under discussion and succeeds in pulling Latin America's No. 1 economy out of a deep recession. Abrahão's remarks underscore the view that Brazil's fiscal agenda could transform the country's long-term...

  • With neutral Switzerland outside of the European Union, Luxembourg was a contender, along with London until Britain's vote to leave the EU, but Frankfurt had long been viewed as the favorite. The bank, in a statement on Thursday, said that by merging its wealth management subsidiaries in Germany, Italy, Luxembourg, the Netherlands and Spain into one legal entity, "...

  • NEW YORK, Dec 1- The majority of institutional investors worldwide are seeking to increase their investments in riskier alternatives that are not publicly traded such as hedge funds, real estate and private equity over the next one to two years to combat potential low returns and choppiness in public markets, a Fidelity survey showed on Thursday.

  • NEW YORK, Nov 30- Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in the drugmaker Elan Corp, who said they lost money because of insider trading by one of his portfolio managers. The preliminary class-action settlement with SAC, now known as Point72 Asset Management LP, was filed on...

  • Nov 30- The idea that people succeed at work up to the point at which they are no longer much good apparently applies to fund managers too. A new study bears out the truth in asset management of the "Peter principle", a theory coined by Laurence Peter, an academic who studied hierarchies. While older studies did show a relationship between increase in size of a fund and...

  • BEIJING, Nov 30- China has selected four banks as custodians of its pension insurance fund, clearing another hurdle for the investment of funds of up to $290 billion in its financial markets. The banks are Industrial and Commercial Bank of China, Bank of China, Bank of Communications and China Merchants Bank, the National Council for Social Security Fund said on...

  • Activist hedge fund Clinton Group, which has not disclosed the size of its holding in the small bank, first began agitating for changes early this month. A spokesman for First NBC Bank said in an emailed statement that the company was open to input from shareholders and that it had multiple discussions with the Clinton Group. "First NBC is largely aligned with...

  • NEW YORK, Nov 29- At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted last week. Attorney's office in Brooklyn, New York, the U.S. Securities and Exchange Commission, the Internal Revenue Service, and the U.S....

  • NEW YORK, Nov 28- A top bond investor for BlackRock Inc, the world's largest asset manager, is bargain-hunting in Europe as investors fret over a coming vote that may shake Italy's government. A Dec. 4 Italian constitutional referendum has rattled investors, who worry the result could unseat Prime Minister Matteo Renzi's government and stoke a banking crisis.

  • Asset management industry faces some challenges: Pro

    Following Aberdeen Asset Management’s earnings, Credit Suisse's Bob Parker talks about the asset management industry’s profitability.

  • Aberdeen CEO: Seen a temporary setback with Trump victory

    Aberdeen Asset Management CEO, Martin Gilbert, talks about its earnings report, with comment on investor appetite on emerging market equities currently.

  • Brexit outflows have settled, now modest: Aberdeen CEO

    Aberdeen Asset Management CEO, Martin Gilbert, talks about the impact seen from the Brexit uncertainty, while looking at the outlook for 2017.

  • TOKYO, Nov 25- Japan's Government Pension Investment Fund, the world's largest pension fund, posted a gain of 2.37 trillion yen in the fiscal second quarter thanks to a rebound in global stock markets. During the quarter, world stocks rebounded from lows hit after Britain voted in June to leave the European Union, which triggered a surge in the yen against the...

  • BRUSSELS, Nov 24- EU pension funds will have to include environmental risks in their investment strategies, under a law passed on Thursday, that ecologists hope will encourage money to flow out of fossil fuels and into greener sectors. It comes as the European Union looks at other measures to reduce long-term systemic risks linked to climate change, extreme...

  • SHANGHAI/ HONG KONG, Nov 24- German insurer Allianz is setting up a wholly-owned unit in Shanghai to launch hedge funds that invest abroad, three sources said, as some foreign managers prepare for China to ease curbs on overseas investments aimed at stemming capital outflows. The unit of Allianz, the world's fourth largest money manager by assets, will then apply...

  • BEIJING, Nov 24- China's banking regulator may be getting serious about how lenders provision for the more than 20 trillion yuan of wealth management products that have been issued as non-guaranteed off-balance sheet liabilities. The China Banking Regulatory Commission, in new draft rules released on Wednesday, demanded banks apply a more "comprehensive"...