Capital Markets Asset Management and Custody Banks

  • MUMBAI, June 10- India's largest information technology company, Tata Consultancy Services, has become the third conglomerate to invest large cash holdings in government bonds, a trend that could boost the young debt market but also stir volatility. TCS is the third company to have meaningful investment in government securities after Reliance Industries...

  • How can asset managers make money?

    Richard Champion, deputy CIO (UK) for Canaccord Genuity Wealth Management, says the search for yield is going to be persistent for many years.

  • *Oil falls, weighs on equities. June 9- U.S. stocks retreated on Thursday after three days of gains as oil prices fell and global growth worries drove investors to safer assets like bonds. That record could fall in coming days, said Bruce Zaro, chief technical strategist at Bolton Global Asset Management in Boston.

  • ZURICH, June 9- UBS's wealth management business in the Americas will cut back recruitment of financial advisers by 40 percent as part of a broader restructuring by Tom Naratil, the former finance chief who took over as Americas head at the start of 2016.. UBS Americas, headquartered in New York and New Jersey, has around 7,145 advisers, more than its target range of...

  • BERLIN, June 9- Asset managers trying to sell investment products to tech-savvy millennials need to hire younger staff who are more in tune with new ways of investing, leading industry figures say. And that means hiring outside of the industry, " Charles Goodman, chief executive at Edmond de Rothschild Asset Management UK, said. In fund manager Legg Mason's Global...

  • LONDON, June 9- Institutional asset managers worldwide suffered net outflows of $95.4 billion in the first quarter of 2016, data from research provider eVestment showed on Thursday, with equity strategies seeing the biggest outflows. The bulk of the outflows came in actively managed portfolios, which lost $70.5 billion, whilst passive equity strategies...

  • LONDON, June 9- Broker PhillipCapital UK said on Thursday it planned to raise the amount customers have to deposit with them because of the increased risk of sharp swings in the run-up to a British vote on membership of the European Union. Earlier this week, Saxo Bank also announced a hike in margins and collateral while other brokers like CMC and FXPro are...

  • *Overweight U.S. equities, European high-yield bonds. TOKYO, June 9- U.S. equities are an attractive investment as economic momentum is picking up and some bearish factors such as a strong dollar and low oil prices are diminishing, a top fund manager of UBS's $2 trillion wealth arm, told Reuters. Mark Haefele, Zurich- based global chief investment officer of UBS...

  • *Toshiba soars after India nuclear plants deal. TOKYO, June 9- Japan's Nikkei share average fell on Thursday as a strong yen soured the mood and dragged down large-cap shares. "Theses stocks listed on the Mothers market are not vulnerable to a strong yen compared to Nikkei-listed stocks," said Yoshihiro Okumura, general manager at Chibagin Asset Management.

  • TORONTO, June 8- Canada will try to supplement planned government investment in infrastructure with funding from private investors and wants to make the projects attractive to pension funds, Prime Minister Justin Trudeau said on Wednesday. There is a lot of opportunity for global capital, "Trudeau said at The Economist's Canada Summit conference in Toronto.

  • TORONTO, June 8- Canada will try to supplement planned government investment in infrastructure with funding from private investors, and wants to make the projects attractive to pension funds, Prime Minister Justin Trudeau said at a conference in Toronto on Wednesday. Trudeau's Liberals won an election in October on the back of a promise to run three...

  • CANADA PM SAYS WILL TRY TO MAKE ATTRACTIVE PITCH FOR PENSION FUNDS TO INVEST IN INFRASTRUCTURE.

  • TORONTO, June 8- The Canada Pension Plan Investment Board said on Wednesday it will invest $450 million in LongPoint Minerals, a company that invests in oil and gas mineral and royalty interests in the United States. CPPIB, which is Canada's biggest public pension fund, said the investment will be deployed over two to three years and will give it a majority stake in...

  • NEW YORK/ BOSTON, June 7- U.S. asset managers and hedge funds are wary about pouring more money into China until the government addresses its stock market crash last year and wild swings in the yuan, they said on Tuesday, as China unveiled measures to attract U.S. buyers of its assets. China will give the United States a 250 billion yuan investment quota for the first...

  • We want to democratize investing: Wealthify CEO

    Richard Theo, CEO of Wealthify, discusses the role of robo-advisors in the asset management industry and if lower costs can bring in new investors.

  • TOKYO, June 8- Japan's Nikkei share average eased on Wednesday as the strong yen soured investors' mood, while energy shares continued to benefit from higher oil prices. "The dollar-yen levels determine the Japanese market so people are staying cautious," said Toru Ibayashi, head of CIO Wealth Management at UBS Securities, adding that investors will likely stay on...

  • NEW YORK/ BOSTON, June 7- U.S. asset managers and hedge funds are wary about pouring more money into China until the government addresses its stock market crash last year and wild swings in the yuan, they said on Tuesday, as China unveiled measures to attract U.S. buyers of its assets. China will give the United States a 250 billion yuan investment quota for the first...

  • MOVES-BMO GLOBAL ASSET MANAGEMENT NAMES RICHARD WILSON CEO@. June 7- BMO Global Asset Management, a unit of Bank of Montreal, named Richard Wilson as chief executive officer and chief investment officer. Rajiv Silgardo, currently co-CEO of BMO Global Asset Management is retiring from the bank, effective August 1.

  • OIL BULL ANDY HALL'S ASTENBECK HEDGE FUND UP 5 PCT IN MAY, FOR THIRD STRAIGHT MONTH OF GAINS- INVESTOR LETTER.

  • ASTENBECK ASSETS UNDER MANAGEMENT AT $2.4 BLN AT END-MAY, UNCHANGED FROM END-APRIL- INVESTOR LETTER.