GO
Loading...

Enter multiple symbols separated by commas

Capital Markets Asset Management and Custody Banks

More

  • FRANKFURT, April 28- Hedge fund Elliott, which holds a 15 percent stake in German machine-tool maker DMG Mori Seiki AG, is not seeking a seat on the supervisory board, DMG said on Tuesday, contrasting with the activist fund's strategy for some of its other investments. Japan's DMG Mori Seiki Co Ltd has recently acquired a 52.5 percent stake in DMG Mori Seiki AG, and...

  • NEW YORK, April 27- The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds in the coming weeks. "There was probably a view that Varoufakis was an obstacle to...

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • LONDON, April 27- Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday. Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange data showed, the highest level since...

  • OSLO, April 27- An Oslo court started to hear a $1.9 billion lawsuit by a group of international investors against Norway on Monday, in a case that challenges the country's reputation as a predictable place to do business with little political risk. Investors including Allianz, UBS, the Abu Dhabi Investment Authority and two Canadian pension funds are suing...

  • Zhao Yang, fund manager of Bosera Asset Management Co, which is launching a mutual fund to invest in the city's markets, said he expected inflows from Chinese mutual funds and insurers to continue, and the valuation gap between Hong Kong and China- listed stocks to narrow further. His view was echoed by brokerage China Investment Securities, who wrote on Friday: "In...

  • INSTANT VIEW-Nasdaq sets new record closing high Thursday, 23 Apr 2015 | 5:36 PM ET

    NEW YORK, April 23- The Nasdaq Composite Index set an all-time closing high of 5056 on Thursday, taking out the record it set during the dotcom boom of 2000.. URI LANDESMAN, president of Platinum Partners in New York:. RICHARD WEISS, senior portfolio manager at American Century Investments, which has $150 billion in assets under management.

  • NEW YORK, April 23- U.S. "The weaker economic data certainly helped pulled some bids back into the market," said Andrew Richman, fixed income strategist at SunTrust Private Wealth Management in Palm Beach, Florida. Uneasiness about Greece and its future in the euro zone also underpinned safe-haven demand for Treasuries.

  • BOSTON, April 23- Liquid alternative products, the look-alike hedge funds wooing customers with promises of getting their money back more easily and paying lower fees to have it managed, now have something else to brag about: superior returns. Among so-called liquid alts funds, Daman Investments' Daman Fifth Fund was last year's best performer boasting a 232...

  • NEW YORK, April 23- Goldman Sachs Group Inc's Asset Management plans to acquire the Pacific Global Advisors solutions business from Pacific Life Insurance Co, the company said on Thursday. The business provides investment and risk management services to institutional investors and has assets under supervision of more than $18 billion.

  • CALGARY, April 23- Canadian Imperial Bank of Commerce is in talks with several U.S. companies on a potential $2 billion wealth-management and private-banking acquisition, its top executive said in an interview. But Chief Executive Victor Dodig said CIBC, which has been eyeing the U.S. wealth management space for a while, must be patient as such companies don't...

  • COMPANIES ON A POTENTIAL $2 BLN WEALTH-MANAGEMENT AND PRIVATE-BANKING ACQUISITION.

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser to H.J. Some of the other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DirecTV and Pfizer Inc's $17...

  • LONDON/ BOSTON, April 23- London- based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed. The Denjoy Integral Fund- which bets on both rising and falling shares- recorded overall returns of 13.9 percent since...

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser for H.J. The other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DIRECTV and Pfizer Inc's $17 billion...

  • Lazard adjusted profit rises 27 pct Thursday, 23 Apr 2015 | 7:10 AM ET

    April 23- Investment bank and asset manager Lazard Ltd reported a 27 percent rise in quarterly adjusted profit as a jump in corporate dealmaking boosted M&A advisory fees. The company's adjusted net profit rose to $103 million, or 77 cents per share, in the first quarter ended March 31, from $81.3 million, or 61 cents per share, a year earlier. Lazard said M&A and other...

  • ON THE MOVE-RBC hires two advisers from UBS Wednesday, 22 Apr 2015 | 11:53 AM ET

    April 22- RBC Wealth Management, part of Royal Bank of Canada, hired two advisers at Naples, Florida from UBS Financial Services Inc, the wealth management unit of UBS AG. Dustin Smith and James Rubinton managed $289 million in client assets at UBS. RBC said on Monday it hired three Morgan Stanley financial advisers, Brian Friday, Richard Bondi and Eric Gregory, at a...

  • *China set to allow daily repatriation from QFII scheme- sources. HONG KONG, April 22- China is set to enhance the convertibility of its yuan currency by allowing capital to be taken out on a daily basis from the largest investment scheme open to foreign investors, people with knowledge of the plans told Reuters. Currently, foreign asset managers and banks...

  • FOREX-Euro turns up as dollar trims gains Tuesday, 21 Apr 2015 | 11:47 AM ET

    *Euro pares losses over Greece. The report aggravated worries that Greece was heading towards a cash crunch, which would force it to default on its debt and eventually exit the currency union. "We are having a bit of a flight to safety relating to Greece," said Kathy Lien, managing director at BK Asset Management in New York.