Capital Markets Asset Management and Custody Banks

  • LONDON, June 22- The Financial Stability Board, which coordinates financial sector rules for the Group of 20 Economies, set out 14 policy measures on Wednesday to stop asset management activities from destabilising the financial system. The measures stop short of requiring asset managers to hold more capital, a step they and some market regulators have said...

  • *Nearly 2.2 million people work across the UK in financial and related professional services. *UK financial and professional services contributed 190 billion pounds to the UK economy in 2014. *UK financial services contributed 67 billion pounds in tax revenue in 2014/ 15, or 11 percent of total UK tax receipts.

  • *Nearly 2.2 million people work across the UK in financial and related professional services. *UK financial and professional services contributed 190 billion pounds to the UK economy in 2014. *UK financial services contributed 67 billion pounds in tax revenue in 2014/ 15, or 11 percent of total UK tax receipts.

  • NEW YORK, June 22- Private Advisors is liquidating approximately $1 billion from a nearly two decade-old hedge fund investment strategy and its head of hedge funds has departed the firm, according to a spokesman with majority owner New York Life Investment Management Holdings. New York Life spokesman Jacqueline Meere said in an email on Tuesday that Private...

  • *UK fund cash levels at 5- year high- Lipper data. While the bosses of Aberdeen Asset Management and Jupiter Fund Management are among those to have played down the impact on their businesses of a vote to leave the EU, many of Britain's money managers worry that billions of pounds held in UK assets would seek a safer home elsewhere. The result is that the mean average...

  • LONDON, June 22- Gold's sharp gains on uncertainty over Britain's European Union membership are likely to come to an end, regardless of whether Britons vote to leave or remain in Thursday's referendum. Prices hit their highest since August 2014 last week as the $5- trillion a year gold market rose with other "safe" assets, such as German bunds, the Swiss franc and...

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was criminally charged last week in a major insider trading case, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening in the bedroom of his Brooklyn home with a wound to his neck, a New York Police Department...

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was criminally charged last week in a major insider trading case, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening in the bedroom of his Brooklyn home with a wound to his neck, a New York Police Department...

  • TORONTO, June 21- The Canada Pension Plan Investment Board, which manages the assets of the country's national pension fund, said on Tuesday it does not expect a proposed expansion to the plan to have a significant impact on its overall investment strategy. It had C $279 billion in assets under management at the end of March and has forecast that will grow to C $300...

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was charged last week with insider trading, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening at his Brooklyn home with a wound to his neck, a New York Police Department spokeswoman said. Prosecutors said the...

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was arrested last week on insider trading charges, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening at his Brooklyn home with a wound to his neck, a New York Police Department spokeswoman said.

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was arrested last week on insider trading charges, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening at his Brooklyn residence with a wound to his neck, a New York Police Department spokeswoman said.

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management who had been charged with insider trading, was found dead in an apparent suicide on Tuesday, CNBC reported, citing Dow Jones. Federal officials earlier this month arrested Valvani and accused him of having fraudulently made $25 million by gaining advance word about U.S. Food and Drug...

  • Advisor

    Some 36 percent of Americans have no understanding of what a financial advisor does. Here's what several are doing to get the word out.

  • BOSTON, June 20- Harvard University will rely more on outside money managers to oversee the Ivy League school's $37.6 billion endowment as it scales back on making direct stock picks, it said on Monday. Michael Ryan, head of public markets and absolute return strategies at Harvard Management Co, is leaving and more jobs in the internal equity team will be...

  • June 20- CDK Global said Robert Tarkoff was elected to its board on Monday, filling a vacant seat as the automotive software maker faces pressure from activist hedge fund Elliott Management. Elliott, with around $28 billion of assets under management, is among the activist hedge funds that will nominate its own slate of directors if it is not happy with the...

  • LONDON, June 20- Hedge funds cut their net long position in the main crude futures and options contracts by 63 million barrels, 10 percent, in the week to June 14, as the rally in oil prices showed signs of running out of steam. The one-week reduction in the net long position was the largest since July 2014, according to an analysis of data published by the U.S. Commodity...

  • ATHENS, June 17- Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month. The new tax rates, applied to funds under management, underline how Athens is relying on a narrow,...

  • ATHENS, June 17- Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month. The new tax rates, applied to funds under management, underline how Athens is relying on a narrow,...

  • TORONTO, June 17- Royal Bank of Canada plans further expansion in the United States following its $5 billion acquisition of Los Angeles- based City National in November, Chief Executive Dave McKay said on Friday. RBC sees the United States as a key growth market, offering opportunities to expand its wealth management and capital markets businesses at a faster...