Capital Markets Asset Management and Custody Banks

  • NEW YORK, July 14- Billionaire investor Bill Ackman said on Thursday that he was still betting against Herbalife Ltd shares and that the company needed to make "material changes to its incentive structure." Ackman has waged a four-year campaign against Herbalife, making a $1 billion short bet against it in 2012 and accusing it of running a pyramid scheme which...

  • NEW YORK, July 14- The world's largest asset manager BlackRock Inc has been buying roughly $275 million of its shares every quarter, a practice chief executive Larry Fink said could continue even though he has previously warned about the downside of share repurchases. Buybacks can boost earnings per share figures because the practice lowers the number of...

  • NEW YORK, July 14- The world's largest asset manager BlackRock Inc has been buying roughly $275 million of its shares every quarter, a practice chief executive Larry Fink said could continue even though he has previously warned about the downside of share repurchases. Buybacks can boost earnings per share figures because the practice lowers the number of...

  • NEW YORK, July 14- Billionaire investor Bill Ackman said on Thursday that he was still betting against Herbalife Ltd shares and that the company needed to make "material changes to its incentive structure." Ackman has waged a four-year campaign against Herbalife, making a $1 billion short bet against it in 2012 and accusing it of running a pyramid scheme which...

  • NEW YORK, July 14- JP Morgan on Thursday announced a new 10- year benchmark US dollar bond, shortly after releasing strong second-quarter earnings that boosted US equity indexes. Phil Jacoby, chief investment officer at Spectrum Asset Management, said that Rabo's deal looked attractive. Along with continued monetary easing from the European Central Bank, it...

  • New York- based BlackRock said on Thursday the revenue it takes in from fees for managing money and lending out securities fell 1.8 percent to $2.49 billion from the same period a year ago, even as the total assets it manages rose to nearly $5 trillion. On June 23, Britain's shock vote to leave the European Union briefly sent the financial markets into a tailspin.

  • "Political and macroeconomic uncertainty, historically low yields and elevated market volatility are leading clients to pause, as evidenced by more than $55 trillion in bank deposits in the U.S., China and Japan alone," Chairman and Chief Executive Laurence Fink said in a statement. On June 23, Britain's shock vote to leave the European Union briefly sent the...

  • BRUSSELS, July 14- The European Commission proposed on Thursday measures to boost the size of the EU market for venture capital in a bid to diversify access to capital for smaller companies in Europe. The industry is seen as important to foster innovation but remains a small player in Europe with a market of 5 billion euros, five times smaller than in the United...

  • July 14- BlackRock Inc, the world's largest asset manager, reported a 3.7 percent fall in quarterly profit, reflecting a turbulent quarter for financial markets. The New York- based company's net income fell to $789 million, or $4.73 per share, in the second quarter ended June 30 from $819 million, or $4.84 per share, a year earlier. On an adjusted basis, the company...

  • With a rate cut from the Bank of England expected later in the day, Germany issuing its first negative-yield 10- year bond and more stimulus expected in Japan, investors are piling into emerging assets almost across the board. In the developing world too, policy easing is underway with Malaysia surprising on Tuesday with its first rate cut in seven years and...

  • LONDON, July 14- Emerging markets-focused fund manager Ashmore posted a $1.3 billion rise in fourth-quarter assets under management due to improved investment performance, the firm said on Thursday. Assets under management rose to $52.6 billion in the quarter ended June 30, compared with $51.3 billion in the previous quarter, Ashmore said in a statement.

  • ZURICH, July 14- UBS kept its ranking as the world's biggest private bank last year, a study by wealth management researcher Scorpio Partnership showed on Thursday. With $1,737.5 billion of assets under management, UBS retained its highly-prized first place in 2015, staying nearly $300 billion ahead Bank of America Merrill Lynch which replaced Morgan...

  • NEW YORK, July 13- UBS Group AG said on Wednesday it will offer a new type of investment fund called NextShares through its U.S. wealth-management unit, becoming the first major distributor for a product that backers hope will replace mutual funds. UBS will offer the funds starting in 2017, according to Jeff Miller, a UBS Wealth Management Americas managing...

  • *PE purchases of UK firms down 83 pct this year- data. *U.S.-listed group goes against trend by buying UK cinemas. The referendum result, which caught financial markets by surprise, is making institutional investors have second thoughts about committing to new funds for private equity deals in Britain, according to people in the industry.

  • LONDON, July 13- Aberdeen Asset Management has lifted the suspension of its 3.2 billion pound UK property fund, it said on Wednesday, as funds attempt to control withdrawals after Britain voted to leave the European Union. More than 18 billion pounds in UK commercial property funds aimed at retail investors was frozen last week following a tide of redemption...

  • TORONTO, July 12- Brookfield Asset Management said on Tuesday it had raised $14 billion for its new global infrastructure fund, giving it a war chest to hunt for assets around the world. Brookfield itself committed $4 billion. "This fundraise demonstrates that demand for infrastructure investing is growing as investors continue to increase their allocations...

  • TORONTO, July 12- Brookfield Asset Management said on Tuesday it had raised C $14 billion for its new global infrastructure fund, giving it a war chest to hunt for assets around the world. Brookfield itself committed C $4 billion. "This fundraise demonstrates that demand for infrastructure investing is growing as investors continue to increase their...

  • Bennett's civil case has drawn extra attention because the Chevy Chase, Maryland resident chose not to show up at her SEC hearing in January, part of her unusual strategy in challenging the regulator's use of in-house judges in enforcement cases. The SEC had accused Bennett of using her weekly program "Financial Myth Busting with Dawn Bennett" and other media...

  • BOSTON/ NEW YORK, July 11- Tech billionaire Elon Musk's acknowledgement that, over the years, he had "bandied about" with some of his biggest shareholders the idea of combining Tesla Motors Inc and SolarCity Corp is rare public recognition of the access and insights large investors get. Yes, there have been discussions and I think some of them see it as a natural thing...

  • LONDON, July 11- Aberdeen Asset Management said on Monday it is to keep the suspension on its 3.2 billion pound UK property fund in place for two more days, as funds attempt to control withdrawals after Britain voted to leave the European Union. The fund, which is invested in UK commercial real estate, is now looking to sell some of its assets to meet redemption...