Capital Markets Asset Management and Custody Banks

  • *Man Group tops STOXX gainers. MILAN/ LONDON, Oct 14 (Reuters)- European shares rose on Friday to claw back ground lost in the previous session, with banking stocks outperforming, while hedge fund Man Group also surged higher. Europe's STOXX Bank was the biggest sectoral gainer with a gain of 2.2 percent, further undepinned by better-than-expected results from...

  • LONDON, Oct 14- Man Group, the world's biggest listed hedge fund, announced a rise in third-quarter assets under management, an acquisition and plans to buy back $100 million of shares, sending its stock as much as 17 percent higher on Friday. Man said it had $80.7 billion of assets under management at the end of September, up from $76.4 billion at the end of June and...

  • This is a sign Man Group is ready to go for acquisitions: Reporter

    CNBC's Gemma Acton reports on Man Group's strong third-quarter performance and says it has been a tough year for the asset manager.

  • LONDON, Oct 14- European shares rose on Friday to claw back ground lost in the previous session, with mining and telecoms stocks outperforming, while hedge fund Man Group also surged higher. The index remains down by around 8 percent so far in 2016, but Clairinvest fund manager Ion- Marc Valahu backed having a "long" position to bet on more gains for European stocks.

  • LONDON, Oct 14- European shares rose on Friday to claw back ground from losses in the previous session, with mining and telecoms stocks outperforming. Shares in British hedge fund Man Group jumped up by 9 percent after the company reported a rise in assets under management, and announced a share buyback and the acquisition of investment management company Aalto.

  • *Asia Pacific assets account for about 14 pct of total. HONG KONG/ SINGAPORE, Oct 14- Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the impact of a U.S. fine on the German lender. The bank has also lost its head of Asia Pacific wealth...

  • *GRAPHIC: FTSE 100 vs FTSE 250: http://bit.ly/2e3GHSu. The FTSE 100' s sharp recovery from lows after Britons voted to leave the European Union in June stands in stark contrast to a darkening outlook for the pound and the domestic economy. Data from Thomson Reuters Lipper shows that from June to September, UK- focused equity funds suffered outflows of more than 3...

  • *China exports fall 10 pct in September, weighs on dollar. "A significant slowdown in Chinese growth could once again foil the plans of U.S. authorities to stabilize monetary policy," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. Exports from China, the world's second largest economy, fell 5.6 percent in yuan terms in...

  • SEC APPROVES RULE ON INCREASING, CHANGING REPORTING REQUIREMENTS FOR ASSET MANAGEMENT INDUSTRY.

  • TOKYO, Oct 13- Toshiba Corp on Thursday said a group of investors had sued the company for 16.7 billion yen in damages over its false profit statements, the largest single claim of compensation over the accounting scandal so far. Toshiba said 45 mainly foreign institutional investors filed a lawsuit in the Tokyo District Court. Japan Trustee Services Bank filed...

  • NEW YORK, Oct 12- Pacific Investment Management Co, which oversees more than $1.5 trillion in assets under management, took part in Tuesday's $1.5 billion Deutsche Bank AG bond offering as well as a $3 billion bond deal on Friday, a source familiar with the matter told Reuters on Wednesday. Deutsche's bond spreads have been under pressure since September, when the...

  • Money in institutional prime funds, which can invest in riskier securities in addition to government debt, declined by $57.84 billion to $165.49 billion in the week ended Oct. 11. In the prior week, their assets fell by $122.30 billion, the largest single-week drop since Reserve Primary Fund's share value fell below $1 or "broke the buck" shortly after Lehman's...

  • Money in institutional prime funds, which can invest in riskier securities in addition to government debt, declined by $57.84 billion to $165.49 billion in the week ended Oct. 11. In the prior week, their assets fell by $122.30 billion, the largest single-week drop since Reserve Primary Fund's share value fell below $1 or "broke the buck" shortly after Lehman's...

  • LONDON, Oct 12- Money managers charged with investing trillions of dollars of global savings haven't abandoned Britain just yet, but the uncertainty created by Brexit has made them extremely wary about investing in UK Plc. Many of these money managers currently hold UK stocks and bonds and have no fixed plan to cut and run yet. "We are losing visibility on the UK,"...

  • And the country's banks, many of which are based in Geneva, should not count on Britain's vote to leave the EU driving banks out of London to the shores of the city's lake, Mirabaud said. "We must not underestimate the City of London's resilience, nor should we forget that a presence in Luxembourg, Dublin or Frankfurt would give you access to the European market, unlike...

  • LONDON, Oct 11- Financial services group Old Mutual Plc's UK asset management business posted a sharp drop in third-quarter client inflows and higher investment platform costs, as its parent prepares to split into its four main businesses. "We expect markets to remain difficult for some time given the uncertain conditions surrounding the UK's exit from the...

  • *Lok Yim to replace Raju as Asia Pacific wealth head. HONG KONG/ SINGAPORE, Oct 11- Deutsche Bank's Asia Pacific wealth management head Ravi Raju is leaving to join UBS, a source with direct knowledge of the move told Reuters on Tuesday, the latest senior departure from the bank in the region. His departure, the second by a high-profile Deutsche banker in Asia in the...

  • HONG KONG, Oct 11- Deutsche Bank AG has appointed Lok Yim as the head of its Asia Pacific wealth management division with immediate effect, a spokeswoman for the business said in an emailed statement on Tuesday. Yim, who joined Deutsche Bank in 2007 and was most recently its head of wealth management in North Asia, replaces Ravi Raju, who has decided to pursue...

  • LONDON, Oct 10- Saudi Arabia successfully confounded hedge funds with bearish views on oil by reaching an unexpected production deal with OPEC members in Algiers on Sept. 28, sending prices soaring in a short-covering rally. Hedge funds' net position surged from 471 million barrels on the eve of the OPEC meeting to 612 million barrels seven days later.

  • SAO PAULO, Oct 10- Italian money manager Azimut Holding SpA is close to announcing the combination of Brazilian units AZ Quest Investimentos Ltda and AZ Legan Asset Management Ltda, two people with direct knowledge of the deal said on Monday. The combined firm could have about 4.3 billion reais in assets under management, said one of the people, who requested...