Capital Markets Asset Management and Custody Banks

  • SAO PAULO, Aug 31- The Brazilian real firmed on Wednesday hours before the country's Senate was expected to vote to remove President Dilma Rousseff from office and ratify Vice President Michel Temer as her successor. Many investors blame the interventionist policies pursued by Rousseff's Workers' Party during 13 years in government for dragging Latin...

  • BEIJING, Aug 31- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $81.48 billion as of Aug. 30, from $81.38 billion at the end of July, the country's foreign exchange regulator said on Wednesday.

  • NEW YORK, Aug 30- U.S. "It's all about the Fed and it's also about the August jobs report this Friday," said Ninh Chung, head of investment strategy and portfolio management at SVB Asset Management in San Francisco. However, many are exercising caution ahead of Friday's print from the Labor Department as Fischer and other voters on the Federal Open Market Committee,...

  • NEW YORK, Aug 30- U.S. "It's all about the Fed and it's also about the August jobs report this Friday," said Ninh Chung, head of investment strategy and portfolio management at SVB Asset Management in San Francisco. However, many are exercising caution ahead of Friday's print from the Labor Department as Fischer and other voters on the Federal Open Market Committee,...

  • CHINA'S BIG 4 BANKS TO BE INCLUDED IN DEBT TO EQUITY PILOT. BEIJING, Aug 30- Industrial& Commercial Bank of China Chairman Yi Huiman said the country's Big Four state-owned commercial banks and Big Four asset management companies would be included in the country's debt-to-equity pilot scheme. China could allow industrial firms to convert their debt into...

  • However, keeping smaller investors in the dark about the way the deals are awarded risk scrutiny from the SEC, say private equity lawyers. Given the confidentiality of the arrangements, and the fact that some agreements are not even in writing, it is difficult for the SEC to spot infractions unless alerted by a whistleblower, the person said.

  • SHANGHAI, Aug 30- Chinese private investment funds will conduct a "self-inspection" of their business practices in compliance with a directive from the State Council, China's cabinet, according to a notice posted on the website of the Asset Management Association of China. The inspection initiative follows a finding by China's securities regulator that some...

  • Aug 28- Hedge fund manager D.E. Shaw& Co LP is weighing a bid for SunEdison Inc's controlling stake in TerraForm Power Inc, the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter. Shaw's emergence as a possible bidder for TerraForm Power indicates that the potential sale process for the so-called "Class B"...

  • HEDGE FUND MARATHON MAKES BREXIT BET ON EUROPEAN.

  • Aug 26- Carl Icahn said he did not attempt to sell his Herbalife Ltd stake, and had instead bought more shares in the health supplements maker, rejecting hedge fund manager Bill Ackman's claim that he had been offered some of Icahn's shares. "Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our...

  • *Approached to buy Herbalife shares- Ackman. Aug 26- Herbalife Ltd's biggest critic, hedge fund manager Bill Ackman, said he had been approached to buy shares in the nutritional supplements maker from billionaire investor Carl Icahn. Ackman, who has bet more than $1 billion against Herbalife, said on CNBC that Icahn's planned stake sale would accelerate the...

  • LONDON, Aug 26- Banks, insurers, asset managers and exchanges in Britain are waiting to see to whether post-Brexit trading terms will give them access to the European Union market. The key challenge is how to secure enough access to the single market so that financial firms in Britain won't have to move some or all of their operations to the EU.

  • LONDON, Aug 26- Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the aftermath of Britain's vote to leave the EU, legal experts said banks, insurers and asset managers in London using...

  • Aug 26- Billionaire investor Carl Icahn was lately in talks to sell his stake in nutritional supplement maker Herbalife Ltd to a group that included hedge fund manager Bill Ackman, the Wall Street Journal reported. Jefferies and Herbalife were not immediately available for comment and Carl Icahn could not be immediately reached outside regular U.S. business...

  • TOKYO, Aug 26- The Government Pension Investment Fund, the world's largest pension fund, suffered investment losses of 5.2 trillion yen in the fiscal first quarter as its returns fell on the back of tumbles in global equities. GPIF said Britain's surprise vote to leave the European Union in June was the catalyst for the latest paper losses, triggering a surge in...

  • Aug 25- Asset manager Blackstone Group LP will invest about $1.5 billion in the oil-rich Permian basin, in Texas and New Mexico. The company said it would partner with oil and gas company Jetta Operating Co Inc to create Jetta Permian, which will spend $1 billion on assets in the Delaware Basin, located in the larger Permian basin. Guidon Energy bought about 22,000...

  • Man with target goals

    Some active fund managers in the asset management business are able to outperform the markets, a report by TD Direct Investing shows.

  • Aug 25- Struggling retailer Sears Holdings Corp posted a quarterly net loss, and the company said it accepted additional debt financing of $300 million from billionaire Chief Executive Edward Lampert's hedge fund. The company had said in April that it had obtained a $500 million loan to fund a transformation and Lampert's hedge fund, ESL Investments, had...

  • Aug 25- Sears Holdings Corp posted a net loss due to lower sales of home appliances and apparel, and the company said it accepted debt financing of $300 million from Chief Executive Edward Lampert's hedge fund, ESL Investments. The owner of the Sears department store and Kmart discount store chains reported a 5.2 percent drop in comparable store sales for the...

  • Active investing is alive: CIO

    Michelle McGrade, chief investment officer at TD Direct Investing, says fund managers can outperform the market very well.