Capital Markets Asset Management and Custody Banks

  • *Warsaw stocks fall on fears about pension reform. BUDAPEST/ WARSAW, July 4- Warsaw led a fall in Central European stocks on Monday after the government announced a sweeping pension reform including the assets managed by private pension funds. The plan triggered worries that demand for equities from the state-guaranteed funds- known as OFE in Poland- and key...

  • LONDON, July 4- Hedge funds and other money managers are betting diesel and heating oil will take over from gasoline as the main driver of U.S. refinery profitability in the second half of the year. The most recent data published by the U.S. Commodity Futures Trading Commission shows some profit-taking on these positions in the week to June 28.

  • *Polish pension fund crucial to future of stock market. WARSAW, July 2- A growing number of Polish firms are preparing share buybacks because they fear the government plans to plunder stocks from privately run pension funds to plug holes in the state budget, company chiefs and fund managers say. "There's a proposal which regards the question about what is to be done...

  • TOKYO, July 1- Japan's public pension fund, the world's largest, logged some $50 billion in investment losses last fiscal year as the yen surged and Tokyo stocks fell amid global market turmoil, a person with direct knowledge of the matter said. Portfolio losses for the Government Pension Investment Fund for the 12 months through March were between 5 trillion yen...

  • BOSTON, June 30- Hedge fund BlueMountain, which oversees $21.5 billion in assets, has reordered senior management by promoting Amy Wierenga to chief risk officer as Bryce Markus, who held that position and served as co-president, cuts back on his roles at the firm. "Amy Wierenga's promotion to Chief Risk Officer reflects BlueMountain's deep bench of...

  • BOSTON, June 30- Chesapeake Partners, a $1.4 billion hedge fund that bet on special situations including mergers, bankruptcies and spin-offs, is shutting down after an 18- month stretch of losses, as it blamed government regulation for making investing tougher. Founders Traci Shanbrun Lerner and Mark Lerner, in a June 27 letter to investors, which was seen by...

  • June 30- Assets of the 100 biggest U.S. public employee pension systems rose a scant 0.09 percent to $3.25 trillion in the first quarter of 2016 from the prior quarter as earnings from investments slowed, U.S. The funds gained $14.4 billion on investments in the first three months of 2016, but that represented a 77 percent drop from the revised $62.3 billion...

  • SHANGHAI, June 30- China will detail rules to allow foreign hedge fund managers to launch products in the country, the nation's securities regulator said on Thursday, as authorities step up efforts to further liberalize and deepen the domestic capital markets. Some foreign asset managers, including the world's largest hedge fund, Bridgewater Associates, have...

  • BEIJING, June 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $81.18 billion as of June 29, from $81.098 billion at the end of May, the country's foreign exchange regulator said on Thursday.

  • LONDON, June 30- Britons' vote to leave the European Union has benefited gold as a haven from risk and could fuel longer-term gains if economic uncertainty sparks a broader shift in global monetary policy. "There is definitely in our minds going to be a more 2008- style monetary policy pattern," Marie Owens Thomsen, chief economist at Indosuez Wealth Management in...

  • LONDON, June 29- New York- based global macro hedge fund firm Caxton Associates made gains of 2 percent on Friday after Britain voted to leave the European Union, a source told Reuters on Wednesday. Caxton, founded in 1983 by Bruce Kovner, manages $8 billion in assets and is run by Chairman and Chief Executive Officer Andrew Law, who had supported Britain remaining in...

  • *Canadian banks look outside of Canada for growth. *CIBC shares down 3 percent, Private Bancorp up 22 percent. TORONTO June 29- Canadian Imperial Bank of Commerce said it will buy Chicago- based PrivateBancorp Inc in a $3.8 billion cash-and-share deal, its biggest ever acquisition and a long-awaited expansion in U.S wealth management.

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "This is an important part of Chair White's rulemaking agenda for the asset management industry," said David Blass, general counsel for the Investment Company Institute, the...

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such...

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such...

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such...

  • LONDON, June 28- China's central bank, the People's Bank of China, has remained the world's biggest sovereign asset holder, with more than $3.4 trillion on its books, despite suffering a 12 percent slump in the value of its assets in 2015, a new report showed on Tuesday. The annual report- compiled in its third year by the Official Monetary and Financial Institutions...

  • June 28- A former accountant for Gottex Fund Management Holdings Ltd has been criminally charged with embezzling nearly $3.4 million over a four-year period from the Swiss hedge fund firm. Gary Tiffany, 32, was arrested on Monday and charged in a criminal complaint filed in a federal court in Boston with bank fraud, wire fraud and engaging in illegal monetary...

  • Britain's government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources told Reuters.

  • TORONTO, June 27- Extra money pouring into Canada's national pension plan following an agreement to raise premiums should be invested more conservatively than existing funds, Canada's chief actuary said on Monday. Canada's federal government and provinces agreed in principle last week to expand the Canada Pension Plan, raising premiums moderately over...