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Capital Markets Asset Management and Custody Banks

  • *Poland denies reported plan to move pension assets to state fund. But the market turned around partly as Poland rebounded, and also due to a rally in the dollar losing steam and U.S. State news agency PAP reported that Poland's labor ministry had proposed moving private pension fund assets worth up to 147 billion zlotys into a state fund, effectively putting some...

  • BUDAPEST, Nov 18- Warsaw led a fall of Central European stocks and long-term bonds as a Polish plan to move pension fund assets into a state fund rekindled worries over a rise in state influence on companies. Treasuries yields, which has curbed demand for assets in emerging markets since Donald Trump's shock victory at U.S. presidential elections on Nov. 8.

  • LONDON, Nov 18- Britain's financial markets regulator said on Friday it planned to overhaul the way the asset management operates to ensure both retail and institutional investors get value for money. The regulator flagged widespread concern about the performance of actively managed funds relative to the fees charged, the level of competition in the...

  • LONDON, Nov 17- The rise in U.S. Federal Reserve likely to tighten at a faster pace than the market has priced in, Larry Hatheway, group head of GAM Investment Solutions, said on Thursday. Speaking at the Reuters Global Investment Outlook Summit in London, Hatheway said the market needed to price in another two rate hikes from the Fed over the next 12-18 months, making...

  • NEW YORK, Nov 17- The stock rally in financial stocks since the U.S. presidential election may slow down if the new administration fails to cut red tape for big banks, a top UBS Group AG asset management executive said on Thursday at the Reuters Global Investment Outlook Summit in New York. The rally that has broadly driven the S&P 500 Financials Index more than 13...

  • NEW YORK, Nov 17- Two weeks before the U.S. presidential election, half of wealthy investors were so fearful of turmoil in the stock markets that they either pulled some of their money out or moved it into more conservative investments, according to a survey by UBS Wealth Management Americas. Roughly a third of people increased cash holdings, and missed out on one of...

  • Investec, which is listed in both Johannesburg and London, has been offloading assets including its mortgage lending division in Britain to focus on asset management, investment banking and wealth management. Investec reported a 20 percent rise in diluted headline earnings per share to 24 cents, putting its shares on course in both London and Johannesburg...

  • China Great Wall said in December last year it planned to list in Hong Kong or mainland China in the first half of 2017.. After the fundraising, the company will prepare for listings both in Hong Kong and on the mainland China, he said. Presently, China has two Hong Kong- listed asset management companies, which are China Huarong Asset Management Co Ltd and China Cinda...

  • SINGAPORE, Nov 17- Bonds are in for a tough ride in the first half of 2017 as U.S. President-elect Donald Trump's plans to boost fiscal spending could stoke inflation around the globe, a chief investment officer at UOB Asset Management said on Thursday. UOB Asset Management in Singapore manages a total of S $15.2 billion across its equities, fixed income and...

  • NEW YORK, Nov 16- Protege Partners is planning to provide funding to new hedge funds next year at a time many investors are pulling away from the industry and new managers are eager for cash to start their businesses. "We hope to do multiple seeds next year," Protege's chief investment strategist Michael Weinberg said on Wednesday at the Reuters Global Investment...

  • Nov 16- Asset management firm Mirae Asset Global Investments LLC named Peter Lee as chief executive for the United States. Lee, who was previously executive managing director of Mirae Asset's global investment unit in Seoul, will be replacing Peter Graham, who was CEO for more than three years. Lee will also take on the role of chief investment officer.

  • REUTERS SUMMIT-INVESTEC ASSET MANAGEMENT SEES EURO AT PARITY WITH DOLLAR IN 2017, CAPITAL OUTFLOWS LIKELY TO PERSIST.

  • LONDON, Nov 16- The euro could hit parity against the dollar next year, as Europe contends with political uncertainty and a weak economic recovery, but sterling looks oversold, according to Investec Asset Management. Philip Saunders, Investec's co-head of multi-asset growth, told the Reuters Global Investment Outlook Summit on Wednesday that divergence in...

  • LONDON, Nov 16- Global investors chopped cash holdings as inflation expectations soared in the wake of Republican Donald Trump's surprise U.S. presidential election victory, a Bank of America Merrill Lynch survey showed. The monthly survey of 177 clients with $456 billion of assets under management was conducted between Nov. 9 and 14- after the results of the...

  • NEW YORK, Nov 16- Many hedge fund managers have reason to cheer even as their investors grouse about lackluster returns; they are on track to reap a much larger payday for 2016 than for 2015.. "There have been a lot of reports about hedge fund compensation being down this year but that is misleading," said Adam Zoia, chief executive officer of Glocap, the largest...

  • The plan, which would double the amount of loss-absorbing equity capital for large U.S. banks and impose a new tax on hedge funds and other asset managers, is sure to face fierce opposition from Wall Street. Trump has been critical of Wall Street, and indicated he would support dismantling 2010 financial crisis legislation known as Dodd-Frank, but it is not clear...

  • KASHKARI SAYS PLAN WOULD TAX DEBT ISSUED BY LARGEST HEDGE FUNDS, MUTUAL FUNDS AND OTHER ASSET MANAGERS.

  • HONG KONG, Nov 16- The direction of the dollar, which has surged since the U.S. presidential election, will determine the outlook for Asian equities in the near to medium term, the head of emerging at JPMorgan Asset Management said. "The first thing we need to focus on is has the direction of the dollar changed because of the change in the administration," Richard...

  • LONDON/ BANGALORE, Nov 16- Prudential's Asian focus drove a 19 percent rise in new business profit for the first nine months, the British life insurer said on Wednesday as it pledged to raise its dividend by 5 percent every year. Asia contributes around a third of Prudential's operating profit and the region's head Tony Wilkey said the business was on course to...

  • BOSTON, Nov 15- Billionaire environmental activist Tom Steyer, who has spent more than $140 million on fighting climate change, said on Tuesday he will spend whatever it takes to fight President-elect Donald Trump's pro-drilling and anti-regulation agenda. The former hedge fund manager from California is putting together a strategy that will "engage voters...