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Capital Markets Asset Management and Custody Banks

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  • LONDON, May 27- Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London's genteel Belgravia, several miles from the "Square Mile" City of London financial district where bankers work. "We operate more like a lender... we are...

  • NEW YORK, May 27- Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months. Of the 300,000 brokers now working in the United States, nearly 35 percent are over 55. Between those...

  • *Copper seen climbing to $6,350 near term as supply supports- UBS. Copper is getting little help from the lacklustre economic outlook in top consumer China. "Even if you get some early signs which show you some improvement... the macro story in China doesn't look good," said analyst Dominic Schnider of UBS Wealth Management in Hong Kong.

  • TORONTO, May 26- Air Canada said on Tuesday it plans to redeploy capital toward share buybacks, debt repayment and increased investment in new aircraft, as its once huge pension fund deficit has now been wiped out much earlier than expected. Its pension fund deficit stood at C $4.2 billion in 2012, and Air Canada struck a deal with the government in 2013 that gave it...

  • TOKYO, May 26- Japanese government bond prices stood little changed on Tuesday after paring earlier losses on decent results from a 20- year debt auction. Japan's public pension funds have been moving away from government bonds and into stocks and foreign assets in search of higher returns. Yet heavy buying of JGBs by the Bank of Japan conducting its...

  • May 25- A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc, Ernst& Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities. CtW Investment Group, an adviser to union pension funds holding about 0.15 percent of Wal-Mart's shares,...

  • BOSTON, May 22- Barington Capital Group won its proxy contest by scoring two board seats at Eastern Co this week as shareholders widely backed the activist hedge fund's call to add new blood at the industrial hardware maker. Shareholders elected Barington Chief Executive Officer James Mitarotonda and Michael McManus, CEO of medical device manufacturer...

  • HONG KONG/ SINGAPORE, May 22- The blistering sell-off in Chinese solar firm Hanergy Thin Film Power Group this week burnt several index-tracking stock funds, exposing the flaws in some of these investment structures especially in volatile markets like China. China- focused equity ETF and index assets under management have grown more than three-fourths to...

  • NEW YORK/ LONDON, May 22- U.S. mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his own to create private equity investment firm Orion Resource Partners, the 50- year-old...

  • China stocks hit fresh 7-year highs, financials lead Thursday, 21 May 2015 | 10:29 PM ET

    SHANGHAI, May 22- China stocks climbed to fresh seven-year highs on Friday, and looked set for their biggest weekly gain in two months, as investors plough a record amount of borrowed money into the stock market. "It seems that investors are afraid of missing the rally and continue coming in," Gerry Alfonso, director of Shenwan Hongyuan Securities in Shanghai, wrote...

  • Twin bond, dollar selloffs hit Pimco Total Return Fund Thursday, 21 May 2015 | 3:44 PM ET

    NEW YORK, May 21- The Pimco Total Return Fund, which last month lost its crown as the world's biggest bond fund, is now losing some momentum in performance. The Pimco Total Return Fund hit a peak of $292.9 billion in assets under management in April 2013. "Globally, we maintain exposure to diversifying sources of duration, including in Mexico and in the eurozone," Pimco...

  • TORONTO, May 21- The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, is looking at deals in the energy sector as a selloff in the price of oil makes valuations more appealing, its top executive said on Thursday. The fund, which delivered gross investment returns of 18.7 percent for its fiscal 2015, is evaluating a number of...

  • CPPIB records 18.7 percent return in fiscal 2015 Thursday, 21 May 2015 | 2:21 PM ET

    TORONTO, May 21- The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, said on Thursday it delivered gross investment returns of 18.7 percent for its fiscal 2015, driven by growth across across several key segments. The manager of Canada's public pension fund ended its fiscal year with net assets of C $264.6 billion, compared with C...

  • An SEC statement said Gray Financial Group steered public pension fund clients into an investment fund that did not comply with state law and collected more than $1.7 million as a result. The SEC said the investments violated Georgia law because they did not have at least four other investors and did not have a minimum of $100 million in assets.

  • Atlanta firm charged by SEC over public pension funds Thursday, 21 May 2015 | 11:35 AM ET

    WASHINGTON, May 21- The U.S. Securities and Exchange Commission on Thursday announced fraud charges against an Atlanta- based investment advisory firm and two of its executives for their handling of the city's pension funds for police, firefighters, transit workers and other employees.

  • TREASURIES-U.S. bond yields fall on economic worries Thursday, 21 May 2015 | 11:04 AM ET

    *U.S. to sell $13 bln 10- year inflation bonds. NEW YORK, May 21- U.S. "The economic news is still soft in the second quarter," said Gary Pollack, head of fixed-income trading for private wealth management at Deutsche Bank Asset and Wealth Management in New York.

  • JOHANNESBURG, May 21- South African's Investec reported a 10.2 percent rise in full-year profit on Thursday, helped by a strong showing at its asset management and lending businesses. Investec, which is also listed in London, said adjusted earnings per share totalled 47.5 pence in the year ended March compared with 43.1 pence a year earlier.

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...

  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market-sensitive information. On Monday, ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers,...

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...