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Capital Markets Asset Management and Custody Banks

  • WASHINGTON, April 26 (Reuters)- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The Trump SoHo Hotel and Condominium in Manhattan is an upscale 46- story property owned by a...

  • TORONTO, April 26- Shares in Home Capital Group, Canada's biggest non-bank mortgage lender, plunged more than 60 percent on Wednesday, wiping out nearly $500 million in market value, after the company agreed to tap a high-interest credit line to shore up finances. Home Capital said it would tap a C $2 billion credit line with an unnamed institutional investor...

  • WASHINGTON, April 26- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The White House referred comment to the Trump Organization, the parent conglomerate for Trump's...

  • GENEVA— Swiss bank Credit Suisse has reported a return to profit in its first quarter, while announcing plans to raise about 4 billion Swiss francs by issuing new shares in the coming weeks. Credit Suisse cited a surge in its wealth management business that took in 12 billion francs in net new assets, a 24- percent increase from the previous year.

  • NEW YORK, April 25- Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant fees. But despite some image problems the industry is actually healthy, according to Simon Lorne, vice chairman and chief legal officer of Millennium Management...

  • The euro last traded at $1.0866, off Monday's peak of around $1.0940, its highest level since Nov. 10, after centrist Emmanuel Macron won the first round of the French presidential elections. The euro's sharp bounce on Monday was partly due to the triggering of stop-loss buying at $1.09, said Tan Teck Leng, forex analyst for UBS Wealth Management in Singapore.

  • LONDON, April 24- Hedge funds have tempered their bullishness towards crude oil as the short-covering rally that gripped the market since the end of March ran its course. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 8 million barrels in the week to April 18.

  • Arconic announced on Monday that after last week's resignation of its chief executive and chairman, Klaus Kleinfeld, it was postponing its annual meeting from May 16 to an unspecified day at the end of the month. Kleinfeld resigned after sending a letter to Elliott founder Paul Singer this month that Arconic's board did not approve and that the hedge fund...

  • CALGARY, Alberta, April 24- U.S. pipeline company Kinder Morgan Inc said on Monday its Canadian unit filed a prospectus for an initial public offering of restricted voting shares, to help finance its C $7.4 billion Trans Mountain expansion project. Reuters reported in February that the company had begun talks with institutional investors to raise capital for...

  • Arconic announced on Monday that after last week's resignation of its CEO and Chairman, Klaus Kleinfeld, it was postponing its annual meeting from May 16 to an unspecified day at the end of the month. Kleinfeld resigned after sending a letter to Elliott founder Paul Singer this month that Arconic's board did not approve and that the hedge fund deemed...

  • HARRISBURG, Pa.— Pennsylvania's two large public-sector pension agencies got a message from Gov. Tom Wolf on Monday: cut the fees paid to outside firms handling billions in investments. Wolf and Treasurer Joe Torsella said at a news conference that they hoped that the state government pension fund would find ways to save $46 million annually and the school...

  • LONDON, April 24- Hedge funds have tempered their bullishness towards crude oil as the short-covering rally that gripped the market since the end of March ran its course. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 8 million barrels in the week to April 18.

  • London- based asset manager Hermes Investment Management appointed Andrew Jackson as head of fixed income. Alternative asset management and investment firm Tikehau Capital Partners SAS appointed Peter Cirenza as head of its London operations. Trade association UK Finance named Stephen Jones as its first chief executive.

  • By April 18, fund managers had accumulated a net position equivalent to 3,511 billion cubic feet, the highest for three years, according to data published by U.S. Commodity Futures Trading Commission. Futures prices for gas delivered to Henry Hub in June 2017 have fallen from a recent high of $3.33 per million British thermal units on April 7 to $3.19 on April 21.

  • LONDON, April 24- Britain's top share index jumped on Monday as banking stocks surged after centrist Emmanuel Macron came out on top in the first round of France's presidential election. It delivers some potential upside in terms of what it could mean for Europe going forward, Dean Turner, economist at UBS Wealth Management, said. UK banks jumped 2.4 percent,...

  • MADISON, Wis.— Wisconsin pension fund managers and those who work directly with the state's investments will receive bonuses totaling nearly $14 million this year, the highest total ever, as a reward for strong returns, the State of Wisconsin Investment Board announced Friday. The $13.8 million in bonuses was approved for 152 of 163 board employees, exceeding...

  • Le Pen dropped by 2.5 percentage points to 22.5 percent of voting intentions compared with early April, and Macron fell 2 percentage points to 23 percent in the first round, Cevipof said. If Le Pen or Melenchon are in the second round, markets could start pricing in the risks of a "Frexit". A Le Pen victory would see European equities sell off by 13 percent-23 percent.

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • LONDON, April 20- Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain's shock vote to...

  • April 20- Blackstone Group LP, the largest manager of private equity and real estate assets, reported a bigger-than-expected jump in quarterly earnings on Thursday after the Wall Street rally helped it realize record proceeds from sales of its holdings. "I don't know what the Trump administration policies really are, or what will happen in Washington,"...