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Capital Markets Asset Management and Custody Banks

  • Le Pen dropped by 2.5 percentage points to 22.5 percent of voting intentions compared with early April, and Macron fell 2 percentage points to 23 percent in the first round, Cevipof said. If Le Pen or Melenchon are in the second round, markets could start pricing in the risks of a "Frexit". A Le Pen victory would see European equities sell off by 13 percent-23 percent.

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • LONDON, April 20- Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain's shock vote to...

  • April 20- Blackstone Group LP, the largest manager of private equity and real estate assets, reported a bigger-than-expected jump in quarterly earnings on Thursday after the Wall Street rally helped it realize record proceeds from sales of its holdings. "I don't know what the Trump administration policies really are, or what will happen in Washington,"...

  • Blackstone, whose co-founder and chief executive Stephen Schwarzman is an economic adviser to Trump and chairs his strategic and policy forum, said the sale of assets for top dollar allowed it to pay its second highest quarterly dividend ever, equivalent to 87 cents per common unit. "In total, we will have distributed nearly $14 per common unit of value since the...

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • Blackstone said economic net income per share, a metric of its profitability which takes into account the mark-to-market valuation of its portfolio, came in at 82 cents versus 31 cents in the first quarter of 2016.. This surpassed the expectations of most research analysts, whose forecasts in a Thomson Reuters poll averaged 68 cents per share.

  • ABU DHABI, April 20- European fund manager Ardian will invest $2.5 billion in private equity funds run by Mubadala Capital, an arm of Abu Dhabi's state fund Mubadala, the companies said on Thursday, the first time Mubadala has accepted capital from a third-party investor. The deal will see Ardian invest $1.75 billion to take a majority stake in S $2.5 billion...

  • LONDON, April 20- British hedge fund firm Man Group said net inflows, positive market moves and the impact of a recent acquisition helped to boost funds under management by 10 percent in the first three months of the year. "We came into the year with a good pipeline of interest from clients, and that has resulted in net inflows of $3 billion in the first three months,"...

  • LONDON, April 20- European shares inched up on Thursday as strong results from Unilever lifted bluechip consumers staple stocks and helped offset weakness in the energy sector. The UK's FTSE 100 was up 0.2 percent. In another sign of a better backdrop for the asset management industry, British hedge fund Man Group shares rose 4.4 percent after it reported net...

  • MELBOURNE, April 20- London copper rose on Thursday but was still not far from its lowest for the year after China's refined production surged in March, underlining ample stocks in the world's biggest metals consumer. China's refined copper output rose 8.5 percent in March from a year ago to its highest since at least December 2015. *CHINA OUTPUT: China's refined...

  • MELBOURNE, April 20- London copper rose on Thursday but was mired near its lowest for the year after China's refined production surged in March, underlining ample stocks in the world's biggest metals consumer. *SHFE COPPER: Shanghai Futures Exchange copper slipped by 0.4 percent to 45460 yuan a tonne. *CHINA OUTPUT: China's refined copper output rose 8.5 percent...

  • NEW YORK, April 19- BlackRock Inc, the world's biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company's share price slipped as revenue fell short of analysts' expectations. Chief Executive Officer Larry Fink said the miss was not attributable to the fees it charges for...

  • NEW YORK, April 19- BlackRock Inc Chief Executive Officer Larry Fink, who runs the world's largest asset manager, on Wednesday forecast a wave of mergers and acquisitions in asset management, but said his company may be limited for now to small deals. BlackRock's earnings reported on Wednesday showed it attracted nearly $65 billion in new cash from clients in the...

  • NEW YORK, April 19- Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending. The privately owned Redwood City, California- based firm, which competes against traditional brokerages like Morgan Stanley and Bank of America Corp's Merrill Lynch, said on...

  • NEW YORK, April 19- BlackRock Inc, the world's biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company saw its share price trimmed as revenue disappointed analysts' expectations. Chief Executive Officer Larry Fink said the miss was not attributable to the fees it charges for...

  • NEW YORK, April 19- BlackRock Inc, the world's biggest asset manager, on Wednesday reported double-digit profit gains but missed revenue forecasts, results that underscore pressure on the fund industry as investors plow money into lower-cost index funds. Investors poured $82.2 billion into index funds and iShares exchange-traded funds during the first...

  • *Fed to release Beige Book at 2:00 p.m. ET. April 19- The S&P 500 and the Nasdaq rose on Wednesday, aided by banks and technology stocks, while a drop in IBM weighed on the Dow. "This bounce today in U.S. equities is perhaps investors looking beyond daily moves," said James Athey, senior investment manager at Aberdeen Asset Management.

  • April 19- Canadian grocery and pharmacy retailer Loblaw Cos Ltd said on Wednesday it would sell its gas station business to asset manager Brookfield Business Partners LP for about C $540 million.