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Capital Markets Asset Management and Custody Banks

  • LONDON, March 17- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. The table below lists selected SWFs, using data compiled by Sarah Stone and Edwin Truman at the Peterson Institute for International...

  • LONDON, March 17- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. The table below lists selected SWFs, using data compiled by Sarah Stone and Edwin Truman at the Peterson Institute for International...

  • LONDON, March 17- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. The table below lists selected SWFs, using data compiled by Sarah Stone and Edwin Truman at the Peterson Institute for International...

  • LONDON, March 17- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. They control about $6.5 trillion, according to data provider Preqin, and have transformed the global investment landscape by...

  • LONDON, March 17- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. They control about $6.5 trillion, according to data provider Preqin, and have transformed the global investment landscape by...

  • LONDON, March 17- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. They control about $6.5 trillion, according to data provider Preqin, and have transformed the global investment landscape by...

  • LONDON, March 17- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. They control about $6.5 trillion, according to data provider Preqin, and have transformed the global investment landscape by...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. Valhalla, New York- based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353 million in...

  • LAGOS, March 17- Nigerian airline Aero has made about 60 percent of its workforce redundant in a desperate effort to stay afloat, it said on Friday. It comes weeks after the country's largest airline, Arik Air, went into receivership due to its inability to pay workers. Five years ago, Asset Management Corporation of Nigeria, a state-backed "bad bank" established in...

  • LONDON, March 16- Assets invested in European exchange-traded funds hit a record $620 billion at the end of February, research and consultancy firm ETFGI said. ETFs, securities which track an index or a basket of assets, saw $12.4 billion of inflows in February in Europe, marking the 30th month of straight inflows, according to ETFGI data. The overall size of the...

  • March 16- Northern Trust Corp named Katharine Morris head of sales at its global fund services business in the UK. Morris will be based in London and report to Douglas Gee, head of sales at the wealth management firm's asset servicing business in EMEA. Prior to her new role, Morris was head of UK sales for HSBC Securities Servicing.

  • SHANGHAI/ HONG KONG, March 16- Asian real estate remains attractive due to relatively high yields despite U.S. monetary tightening as the pace of interest rate increases in the region is expected to be slow, an executive at LaSalle Investment Management said on Thursday. Elysia Tse, LaSalle's head of research& Strategy, Asia Pacific, identified China as a market...

  • *India's NSE gains as much as 0.75 pct to record high. MUMBAI, March 16- India's broader NSE share index hit a record high and the rupee rose to its strongest level in nearly 17 months on Thursday after the U.S. The tempered rate outlook knocked the dollar and eased worries of a fresh burst of capital outflows from emerging economies such as India.

  • Those investors- who said in court filings that they own between 5 and 7 percent of the unsecured bonds- will argue in U.S. Bankruptcy Court in St. Louis that Peabody's reorganization plan should be rejected because it violates a bankruptcy statute requiring equal treatment for owners of the same securities. "This is absolutely theft from a small group of people...

  • NEW YORK, March 15- The following table shows Morningstar data on inflows this year through February for so-called unconstrained funds at wealth management firms Guggenheim, Pioneer and TCW compared with the iShares Core U.S. Aggregate Bond Exchange-Traded Fund, which tracks the performance of the closely watched Bloomberg Barclays U.S.

  • NEW YORK, March 15- So-called unconstrained funds at wealth management firms Guggenheim, Pioneer and TCW have at least doubled the performance of the iShares Core U.S. Aggregate Bond Exchange-Traded Fund, which tracks the closely watched Bloomberg Barclays U.S. Aggregate Bond Index, over a five-year annualized period, according to Morningstar data.

  • ALMATY, March 15- Kazakhstan's state-run "bad bank" will buy 2.4 trillion tenge of bad loans from Kazkommertsbank, the country's biggest lender by assets, paving the way for a takeover by its closest rival, the central bank said on Wednesday. The state-run Problem Loans Fund, set up to act as a "bad bank," will buy from KKB assets linked to BTA, a former bank which has been...

  • PARIS, March 15- Pressure on France's Safran to rethink its proposed $9 billion takeover of Zodiac Aerospace intensified on Wednesday as a profit warning sent the target's shares tumbling and hedge fund TCI called for Safran's chairman to be ousted unless it abandons the deal. Zodiac shares were down 16 percent at 23.07 euros by 1259 GMT, well below Safran's...

  • ZURICH, March 15- EFG International is gearing up for a battle with Brazil's Grupo BTG Pactual SA over the value of BSI Bank, with the Swiss private bank now expecting to cut the purchase price by more than a quarter. EFG's acquisition of Swiss rival BSI from BTG Pactual last year helped it almost double in size, making it one of Switzerland's 10 biggest private banks...

  • *Euro Disney defends terms of Walt Disney takeover. LONDON/ PARIS, March 14- An activist hedge fund has criticised plans by Walt Disney to take full control of debt-laden Paris theme park operator Euro Disney, according to a letter seen by Reuters. Paris- based CIAM, which owns 1.4 percent of Euro Disney shares, has written to the board of the French company to object to...