Capital Markets Asset Management and Custody Banks

  • LONDON, Jan 16- Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016.. Hedge funds and other money managers cut their net long position in Brent and WTI futures and options by the equivalent of 15 million barrels in the week to...

  • LONDON, Jan 16- Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016.. Hedge funds and other money managers cut their net long position in Brent and WTI futures and options by the equivalent of 15 million barrels in the week to...

  • STOCKHOLM, Jan 16- SEB CEO Annika Falkengren, who steered Sweden's fourth-biggest bank through the financial crisis and its aftermath, is quitting to join Swiss wealth and asset manager firm Lombard Odier Group. Falkengren, 54, is one of only a few female bank chief executives in Europe and a flag-bearer for women in Swedish industry where women hold the top job...

  • Aberdeen Asset Management has frozen salaries for high earners after a difficult year for Europe’ s third-largest listed investment company.

  • NEW YORK, Jan 13- U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Results and guidance from the big banks scheduled to report in the week ahead could boost the sector, according to John...

  • NEW YORK, Jan 13- BlackRock Inc CEO Larry Fink seems optimistic about the potential for a $1 trillion infrastructure plan under the new administration of U.S. "Within the U.S. alone, markets are anticipating up to $1 trillion of domestic infrastructure investments over the next few years," he said on a call discussing the company's 2016 earnings with analysts on...

  • NEW YORK, Jan 13- BlackRock Inc, the world's biggest asset manager, reported better-than-expected quarterly profits on Friday as it clamped down on expenses and investors stormed into lower-cost funds to take advantage of a year-end rally. Investors poured $88 billion into the company's market-tracking index investments and its iShares exchange-traded...

  • The SEC said that the billing errors at Morgan Stanley affected more than 149,000 clients. In addition, the SEC said that Morgan Stanley did not comply with custody rules, in which an independent accountant conducts an annual "surprise" exam to ensure asset managers are keeping their clients' money safe. For two consecutive years, the SEC said, Morgan Stanley did...

  • WASHINGTON, Jan 13- Morgan Stanley will pay $13 million to settle civil charges that it overbilled some of its wealth management clients because of coding and other billing system errors, U.S. regulators said Friday. The Securities and Exchange Commission said the bank was also charged with violating custody rules designed to safeguard investor assets.

  • NEW YORK, Jan 13- BlackRock Inc, the world's biggest asset manager, reported better-than-expected quarterly profits on Friday as it clamped down on expenses and investors stormed into lower-cost funds to take advantage of a year-end rally. Investors poured $88 billion into the company's market-tracking index investments and its iShares exchange-traded...

  • NEW YORK, Jan 13- BlackRock Inc, the world's biggest asset manager, reported better-than-expected quarterly profits on Friday as it clamped down on expenses and investors stormed into lower-cost funds to take advantage of a year-end rally. Investors poured $88 billion into the company's market-tracking index investments and its iShares exchange-traded...

  • The New York- based company's net income fell to $851 million in the fourth quarter ended Dec. 31 from $861 million a year earlier. Earnings per share, however, rose to $5.13 from $5.11 a year earlier as the number of shares outstanding decreased. BlackRock's iShares exchange-traded funds business took in $49.30 billion in new money in the period, down from $60.22...

  • TOKYO, Jan 13- U.S. asset management firm T. Rowe Price Group Inc is cautious on commodities and related stocks because there remains excess supply in the industry, Chief Executive Officer Bill Stromberg said on Friday. After a crushing fall to around $26 per barrel in early 2016 from its 2011-14 trading range around $100, U.S. crude futures recovered to 1-1/ 2- year...

  • Jan 12- Oil and gas producer Anadarko Petroleum Corporation said on Thursday it would sell its Eagleford Shale assets in South Texas for about $2.3 billion to a strategic 50/ 50 partnership formed by Sanchez Energy Corporation and asset manager Blackstone Group LP. Al Walker, chief executive officer of Anadarko, said in a statement that the sale would help the...

  • NEW YORK, Jan 12- A former trader at Visium Asset Management LP testified on Thursday about how he turned whistleblower and helped U.S. authorities investigate whether the value of the holdings of one of the firm's hedge funds had been fraudulently inflated. Jason Thorell, 38, took the witness stand in federal court in Manhattan as the star witness in the...

  • The priorities were announced by outgoing SEC Chair Mary Jo White, who is slated to depart after President-elect Donald Trump takes office. The rules were a direct response to the 2008 financial crisis, when the Reserve Primary Fund's exposure to Lehman Brothers prompted panicked investors to withdraw their money in a run that led the fund to "break the buck" and...

  • The priorities were announced by outgoing SEC Chair Mary Jo White, who is slated to depart after President-elect Donald Trump takes office. The rules were a direct response to the 2008 financial crisis, when the Reserve Primary Fund's exposure to Lehman Brothers prompted panicked investors to withdraw their money in a run that led the fund to "break the buck" and...

  • *Regulators to flesh out 14 recommendations over 2 years. LONDON, Jan 12- Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock and Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector. "The policy recommendations will better...

  • *Regulators to flesh out 14 recommendations over 2 years. LONDON, Jan 12- Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock and Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector. "The policy recommendations will better...

  • *Regulators to flesh out 14 recommendations over 2 years. LONDON, Jan 12- Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock or Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector. "The policy recommendations will better prepare...