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Capital Markets Asset Management and Custody Banks

  • FRANKFURT, Jan 25- Deutsche Bank investors on Wednesday cheered a report the lender was considering listing its asset management unit on the stock exchange, a move that could make a cash call to shareholders less likely. Shares in Germany's flagship lender soared more than 6 percent to a 12- month high of 19.50 euros, almost double their level in late September...

  • Shareholders of Deutsche Bank arrive for the bank's annual general meeting in Frankfurt, Germany, May 19, 2016.

    Deutsche Bank is considering a partial initial public offering of its asset management unit, several people close to the matter said on Tuesday.

  • *Gold's December rally fizzles in Asia. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent to its highest levels since late October. When you compare whats happening in this part of the world to the rest, maybe that discount isnt so justified as it has been in the past, said Tim Orchard, chief investment officer Asia ex- Japan at...

  • The move follows pressure from activist investor Sandell Asset Management Corp, which has been engaged in a proxy fight with Bob Evans since 2013 and has been asking the company to separate its food-products business, BEF Foods. The company also said BEF Foods business, which makes refrigerated dinner side dishes, will buy Pineland Farms Potato Co for $115...

  • The move follows pressure from activist investor Sandell Asset Management Corp, which has been engaged in a proxy fight with Bob Evans since 2013 and has been asking the company to separate its food-products business, BEF Foods. The company also said BEF Foods business, which makes refrigerated dinner side dishes, will buy Pineland Farms Potato Co for $115...

  • FRANKFURT, Jan 24- Deutsche Bank is considering a partial initial public offering of its asset management unit as part of an overhaul following its record payout over toxic mortgages in the United States, several people close to the matter said on Tuesday. Germany's biggest bank last week finalized a $7.2 billion U.S. settlement over the mortgage securities...

  • MILAN, Jan 24- Italian banking and insurance group Intesa Sanpaolo confirmed on Tuesday it was examining a possible tie-up with Italy's largest insurer Assicurazioni Generali, in what would be one of Europe's biggest such deals. Generali's recent leadership change and the perceived instability of its share register, combined with political weakness in...

  • FRANKFURT, Jan 24- Deutsche Bank is considering a Luxembourg registration and a partial initial public offering of its asset management unit as part of its strategic revamp, people close to the matter said on Tuesday. Luxembourg has clear advantages from a taxation and regulation standpoint, one of the sources said. Germany's biggest bank last week finalised a...

  • Jan 24- Activist investor Legion Partners Asset Management LLC, which reported a 6.3 percent stake in Banc of California Inc on Tuesday, said the company should consider all strategic alternatives, including a sale. Legion Partners said it had serious concerns with the lender's corporate governance and had lost confidence in its board. The board should...

  • SAO PAULO, Jan 24- Brazil's Cyrela Commercial Properties SA is in talks with Canada Pension Plan Investment Board for a potential asset swap and joint ventures to invest up to $400 million in new commercial office space. The deal, which would lay the groundwork for a new round of investment, underscores investors' hopes that falling interest rates will trigger a...

  • MILAN, Jan 24- Italian banking and insurance group Intesa Sanpaolo is considering a bid for the country's biggest insurer, Assicurazioni Generali, sources said on Tuesday, in what would be among the industry's biggest deals in Europe. Political weakness in Rome, which sees it as a strategic asset, has also encouraged bid talk and shares in the 186- year-old...

  • MILAN, Jan 24- Assicurazioni Generali's shares soared on Tuesday on speculation of a bid by Italian banking and insurance rival Intesa Sanpaolo or a deal with another European player. "The move to acquire a stake of little more than 3 percent of the share capital of Intesa Sanpaolo has an obvious defensive quality," said analyst Luca Comi of brokerage Icbpi.

  • Jan 23- Former Morgan Stanley executive Greg Fleming has joined asset management firm Axiom Capital Management, according to a regulatory filing, offering the first hint of what his life after Wall Street might look like. Fleming, who was once widely viewed as a possible successor to Morgan Stanley Chief Executive Officer James Gorman, will serve as a...

  • BOSTON, Jan 23- Smarting from its biggest-ever yearly loss, hedge fund Viking Global Investors has reordered its stock picking team and plans to invest more money in financial and consumer stocks and less in pharmaceutical stocks, its co-founder told clients. The $30 billion firm's biggest portfolio, Viking Global Equities, lost 4 percent last year, marking...

  • NEW YORK, Jan 23- Jeffrey Gundlach, who oversees more than $101 billion of assets as chief executive of DoubleLine Capital, has predicted a weaker dollar and more demand for inflation-protected securities now that U.S. President Donald Trump has "doubled down" on his stance regarding trade and securing jobs in America. This included an executive order formally...

  • DUBAI, Jan 23- Dubai ports operator DP World said on Monday it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth US $3.7 billion that would invest in ports and terminals worldwide. The platform will have "a focus on investment-grade countries" excluding the United Arab Emirates, and...

  • NEW YORK, Jan 20- Merger activity among independent wealth management firms in the United States hit an all-time high in 2016 as more of the industry's aging workforce retired, the economy strengthened and more advisers were able to obtain financing for acquisitions, according to new study. The report, published this week by the industry consultant firm...

  • President Donald Trump's policies could lead to more violent stock market movements, something prominent hedge fund manager Lee Ainslie said could help his portfolio rebound after a lousy 2016.. Ainslie's $11 billion Maverick Capital missed out on a rally sparked by Trump's unexpected election in November and ended the year with double digit losses in its...

  • NEW YORK/ LONDON, Jan 20- Former British finance minister George Osborne, who lost his job after Britain's vote to leave the European Union, will join BlackRock Inc as an adviser next month, the world's largest asset manager said on Friday. Osborne will work as a part-time senior adviser to the BlackRock Investment Institute, an arm of the asset manager that serves...

  • Jan 20- The U. S Securities and Exchange Commission asked Herbalife Ltd for documents and information related to the dietary supplements maker's compliance with anti-corruption laws in China, the company said on Friday. Hedge fund manager Bill Ackman, who had called Herbalife a pyramid scheme, said a couple of years back that the company was breaking...