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Capital Markets Asset Management and Custody Banks

  • LONDON, Jan 9- Hedge funds amassed a record bullish position in crude oil futures and options by the end of last year, which helped drive crude prices sharply higher in the final six weeks of 2016.. The first position reports of the new year show hedge funds actually cut their combined position in the three main contracts by 6 million barrels in the week to Jan. 3.

  • NEW YORK, Jan 9- A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York- based hedge fund's closure last year. Jury selection is set to begin on Wednesday in Manhattan federal court in the case of Stefan Lumiere, Visium founder Jacob Gottlieb's former...

  • BEIJING, Jan 9- China's Guangxi province's Department of Human Resources and Social Security statement on website:. *A total of 40 billion yuan of Guangxi's local pension funds would be invested in financial markets for the first time, after the government signed a pension investment contract with the National Council for Social Security Funds.

  • NEW YORK, Jan 6- Investors pulled $3.2 billion from the Pimco Total Return Fund, once the world's largest bond fund, in December, bringing last year's total cash withdrawals to $16.1 billion, Morningstar data showed on Friday. The Pimco Income Fund, which Pimco Group Chief Investment Officer Dan Ivascyn told Reuters on Friday has increased its exposure to safer...

  • SHANGHAI, Jan 6- China has opened the way for foreign asset managers to begin launching private investment funds in the country through local subsidiaries, by publishing long-awaited registration rules for such investmments. The step removes a key technical hurdle to foreign entry 1-1/ 2 years after China agreed to deregulate its private fund market as part...

  • *Dubai Islamic Insurance soars amid merger speculation. DUBAI, Jan 5- Egypt's stock market closed the week at a record high on Thursday as foreign funds continued to buy, while Gulf markets inched up on the back of firmer crude oil and global bourses. "Since the float of the currency on Nov. 3 the market has not witnessed a correction and foreign funds have been...

  • NEW YORK, Jan 4- The former chief executive officer of a company linked to troubled hedge fund manager Platinum Partners was convicted of criminal tax fraud on Wednesday, New York's attorney general said in a statement. Gary Mole, who led Glacial Energy Holdings Inc before it went bankrupt in 2014, pleaded guilty to diverting more than $18.5 million in taxable...

  • NEW YORK, Jan 4- A former portfolio manager at New York state's retirement fund pleaded not guilty on Wednesday to charges that he steered $2 billion in trades to two brokerages in exchange for bribes that included vacations, cocaine and prostitutes. The Common Retirement Fund is the investment arm of the New York State and Local Employees' Retirement System and...

  • SHANGHAI/ HONG KONG, Jan 4- Fidelity International has become the first global asset manager allowed to launch investment products in China through a wholly-owned local subsidiary, as Beijing further liberalises its capital markets. Previously, foreign asset managers looking to distribute investment products in China had to operate through...

  • Cavalli, who has worked in Singapore for the past 15 years, will take on his new role in addition to his existing post as the Swiss bank's head of private banking in Southeast Asia. Singapore is an important center for Credit Suisse's private banking business, with the country its second-largest center outside of Switzerland. The bank said it was also making Tan...

  • NEW YORK, Jan 3- New York City remained the top choice this year among foreign investors in commercial real estate while Washington fell to No. 15 as a global destination and dropped from the top five U.S. cities for the first time, a survey showed. The best Washington has mustered since 2013 was eighth place, according to AFIRE, whose members are among the largest...

  • TORONTO, Dec 28- Canada's main stock index ended slightly higher on Wednesday as gold mining stocks lead gains in quiet trading. Canada volumes are off about 40 percent from where they generally are, "said Ian Scott, equity analyst at Manulife Asset Management. Barrick Gold rose 5.2 percent to C $20.71, and Goldcorp Inc climbed 4.8 percent to C $17.85.

  • BEIJING, Dec 28- China has suspended registration of private equity asset management plans for securities and futures brokerages for cases where money is lent to property developers or to illegally fund downpayments to buy property, three sources said on Wednesday. The new regulation applies to indirect and direct investment in residential projects in 16...

  • MEDIA- CHINA SEEKS TO CURB BROKERAGE INVESTMENT IN OVERHEATED. --China has proposed suspending registration of private equity asset management plans for securities and futures brokerages if the money is used to lend to property developers, illegally funding downpayments to buy property, a state-owned newspaper said on Tuesday. The proposal would apply to...

  • Donald Trump

    Corporate boards and executives are likely to use much of the cash to acquire businesses in the United States, to buy back their own stock or to pay down debt. NYT reports.

  • LONDON, Dec 23- European shares were steady on Friday with the focus on lenders after Deutsche Bank and Credit Suisse settled mortgage securities fraud suits in the United States, and Italy's Monte dei Paschi agreed to a bailout. The STOXX Europe 600 was flat at its close and unchanged for the week, but the index still on track for its best month since October 2015.

  • LONDON, Dec 23- European shares edged up on Friday, buoyed by the banking sector after Deutsche Bank and Credit Suisse settled mortgage securities fraud suits with the United States, and as Italy's Monte dei Paschi agreed to a bailout. The STOXX Europe 600 was up 0.1 percent at 0950 GMT, flat for the week but still set for its best month since October 2015.

  • LONDON/ NEW YORK, Dec 23- For some equity funds and those betting on macroeconomic trends, which together make up a large chunk of the $3 trillion global hedge fund industry's assets, 2016 has been another year to forget. Those coming off worse included London- based Crispin Odey, whose Odey European fund was down around 50 percent by early December, and U.S.-based...

  • *Banca Leonardo focusing more on core Italian arm. PARIS, Dec 22- UBS France is to buy the local private banking arm of Italy's Banca Leonardo, the latest instance of consolidation in the private banking industry, which is having to contend with rising regulatory costs and a pressure on fees. UBS France will hold a majority stake in the joint venture and the...

  • BOSTON, Dec 21- Team-based hedge funds lost billions in cash and some of their cachet this year, creating an uncertain future for a strategy that had long been an industry darling. On Tuesday, Blackstone Group LP said it would shut its $1.8 billion Senfina Advisors after losing 24 percent this year. Earlier this year Deimos Asset Management, once associated with...