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Asset Management and Custody Banks

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  • Blackstone's first quarter earnings soar on asset sales Thursday, 16 Apr 2015 | 7:14 AM ET

    April 16- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday that its first-quarter profit doubled from a year ago, as strong asset sales generated by its private equity and real estate units generated record cash. Blackstone said economic net income, a metric of its profitability takes into account the mark-to-market...

  • April 16- BlackRock Inc, the world's largest money manager, reported an 8.7 percent rise in first-quarter profit, boosted by positive flows into its exchange-traded funds. On an adjusted basis, BlackRock earned $4.89 per share, handily beating analysts' average estimate of $4.52, according to Thomson Reuters I/B/E/S. Net inflows totaled $68.7 billion as...

  • April 16- BlackRock Inc, the world's largest money manager, reported an 8.7 percent rise in first-quarter profit, boosted by positive flows into its exchange-traded funds. On an adjusted basis, BlackRock earned $4.89 per share, handily beating analysts' average estimate of $4.52, according to Thomson Reuters I/B/E/S. Net inflows totaled $68.7 billion as...

  • April 16- Carlyle Group LP has enlisted Mike Duke, former chief executive of Wal Mart Stores Inc, to the executive team that the asset management firm taps for advise on deals, the Wall Street Journal reported. They were part of the advisory board of the Tsinghua University School of Economics and Management in Beijing. He will continue to be a member of Wal Mart's...

  • UPDATE 1-Bernanke to advise hedge fund Citadel - NYT Thursday, 16 Apr 2015 | 3:38 AM ET

    Federal Reserve, has agreed to become a senior adviser to Citadel Investment Group, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday. Bernanke's predecessor, Alan Greenspan, joined hedge fund Paulson& Co as adviser in 2008. Jeremy Stein, a Federal Reserve Board governor for two years, joined hedge...

  • The Shanghai branch of China's central bank has ordered commercial lenders to check for risks in their margin trading business, and submit their margin trading accounts and list connected wealth management products. To caution against risks, China's top securities regulator, Xiao Gang, on Thursday urged stocks investors to be "rational and calm".

  • Bernanke to join hedge fund Citadel as adviser - NYT Thursday, 16 Apr 2015 | 1:20 AM ET

    Federal Reserve, will become a senior adviser to hedge fund Citadel Investment Group, the New York Times reported. Bernanke told the New York Times that he was sensitive to the public's anxieties about the "revolving door" between Wall Street and Washington and chose to go to Citadel, in part, because it "is not regulated by the Federal Reserve and I won't be doing...

  • Barclays investors urged to reject CEO's pay award Wednesday, 15 Apr 2015 | 7:34 AM ET

    LONDON, April 15- Barclays Plc shareholders should reject the British bank's remuneration policy, as pay for Chief Executive Antony Jenkins is "excessive", a shareholder advisory group said on Wednesday. Pirc, an independent group that says it offers advice to institutional investors with assets of more than 1.5 trillion pounds, said shareholders should...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.3 percent, to 4,380.5, while the Shanghai Composite Index dropped 1.2 percent, to 4,084.16 points. "Valuation of China's blue chips is still reasonable... but most of China's small-cap companies are expensive," said Huang Ruiqing, fund manager at Bosera Asset Management Co..

  • April 15- Turkish Islamic asset manager Alkhair Capital plans to launch new funds this year and will start a service to advise on Islamic bonds, or sukuk, its general manager said. Alkhair Capital, majority-owned by Bahrain's Bank Alkhair, is the only full-fledged Islamic investment firm in the country, with AZ Global and BMD Securities offering some...

  • NEW YORK, April 14- BlackRock Inc chief Larry Fink has asked the top executives of the 500 largest publicly listed U.S. companies urging them to take a long-term approach to create value for shareholders or risk losing his firm's support. BlackRock is the world's largest asset manager. Through March, buyback authorizations totaled $257 billion, the fastest...

  • NEW YORK, April 14- Larry Fink, chief executive officer of BlackRock Inc, has sent a letter to the chief executives of the 500 largest publicly listed U.S. companies urging for a long-term approach to creating value for shareholders or risk losing its support. BlackRock is the world's largest asset manager. The company made Fink's letter available to Reuters...

  • TORONTO, April 13- The Canada Pension Plan Investment Board, the country's largest pension fund manager, said on Monday it is concerned about the Saskatchewan government's decision to temporarily ban certain institutional investors from buying farmland in the province. Pension plans and other institutional investors will be unable to purchase farmland...

  • *Netflix to raise share authorization, shares gain. April 13- U.S. stocks dipped on Monday as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings. Shares of General Electric dropped 3.1 percent to $27.63 after rallying on Friday, when it said there was potential to return more than $90 billion to investors through...

  • How to profit in bank stocks when Fed rates rise Monday, 13 Apr 2015 | 3:25 PM ET
    JPMorgan Chase headquarters building

    Bank stocks will move as interest rates rise, but how so is a complex question. Here are 9 keys to bank-stock profits as the Fed acts.

  • Shouting "Burger King, Mickey Ds" and holding signs saying "Dignity at Darden, No poverty wages," the protesters trooped through the ballroom at the Crowne Plaza hotel in Manhattan, interrupting the 13 D Monitor's Active-Passive Investor Summit at 1 p.m.. An unidentified person with the group, which represents the Restaurant Opportunity Center, said they came to...

  • SAO PAULO, April 10- The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday that Bradesco Asset Management SA had nominated Eduardo Bunker Gentil and Otavio Yazbek as candidates for the board.

  • April 10- It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. As part of a wider restructuring, GE announced on Friday it would sell most of the assets of its GE Capital Real Estate unit to Blackstone and Wells Fargo& Co for about $23 billion.

  • Norway proposes increased oversight of wealth fund Friday, 10 Apr 2015 | 5:47 AM ET

    OSLO, April 10- Norway's government has proposed appointing a new central bank deputy governor to oversee the country's $885 billion oil fund, aiming to increase control over the world's biggest sovereign wealth fund, it said on Friday. The fund, whose value equates to more than $170,000 for each of Norway's 5.16 million people, has come under criticism from...

  • *Russia's rouble extends week-long rally. LONDON, April 10- Emerging equities were headed for a second consecutive weekly gain on Friday on a perception that the United States will not see higher interest rates until late in the year, bolstering the appeal of non-dollar assets. The MSCI emerging equities index was 0.4 percent higher, following strong trading in...