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Capital Markets Asset Management and Custody Banks

  • NEW YORK, Feb 14- Activist hedge funds recovered from a slow start last year, ending 2016 with sharp gains across the sector, spurred by a stock rally that followed the U.S. presidential election. Hedge fund managers that exclusively or partially manage an activist portfolio of stocks cited the election of President Donald Trump as a year-end boost and a likely...

  • *Europe, United States favourite destinations for investment. JERUSALEM, Feb 14- Israeli institutional investors are placing billions of dollars in foreign private equity funds after government reforms to encourage household savings brought an influx of cash. Insurance and retirement fund managers have seen their assets swell 50 percent in five years,...

  • BOSTON, Feb 14- Hedge fund manager Beau Taylor, who was originally backed by the Blackstone Group, and private equity investor Robb Turner are forming Madava Asset Management LLC, a new firm that will focus on energy investments. Trevor Woods, who has worked with Taylor since co-founding the hedge fund Taylor Woods in February 2011, is not joining the new firm,...

  • BOSTON, Feb 13- Harvard University added Brian Rogers, chief investment officer at T. Rowe Price Group Inc, to the board that oversees the investment of its $35.7 billion endowment, the Ivy League school said on Monday. Rogers joined the 11- member Harvard Management Company board at a critical time, just weeks after the school's investment arm announced sweeping...

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • BEIJING, Feb 13- China's asset management association has banned registration of private equity schemes for residential property investment in 16 cities where it says the market has overheated. The cities include Beijing, Shanghai, Guangzhou, Shenzhen and Xiamen, according to a notice published on Monday on the Wechat account of the Asset Management...

  • ASTANA, Feb 13- Kazakhstan plans to inject 2 trillion tenge into its state-owned' bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday. The International Monetary Fund said this month that resolving the issue of bad loans, some of which are yet to be recognized, is the main...

  • Traders work on the floor of the New York Stock Exchange shortly after the opening bell.

    Asset managers such as JPMorgan and Henderson could oversee closet tracking funds, according to a report by Better Finance. CNBC’s Gemma Acton has more.

  • NEW YORK, Feb 10- Hedge fund manager Dan Loeb's Third Point LLC took new equity stakes in Goldman Sachs Group Inc, Bank of America Corp, JPMorgan Chase& Co during the fourth quarter, according to regulatory filings on Friday, on a bet that interest rate hikes and operating leverage will jack up returns. In a letter to his investors dated Feb. 1, and seen by Reuters, Loeb...

  • RIO DE JANEIRO, Feb 10- A Brazilian federal court suspended on Friday the $5.2 billion sale of state-controlled Petróleo Brasileiro SA's natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc. In a document seen by Reuters, the Sergipe state-based court ruled the transaction, which was to be closed within weeks, be...

  • *Flows to European ETFs hold firm even as correlations break down. *Germany, Spain country ETFs in demand. LONDON, Feb 10- European investors are piling into exchange-traded funds, favoring those that mimic active fund managers, in a market where traditional trading relationships between assets are breaking down.

  • BOGOTA, Feb 9- Colombia's government has eliminated a tax paid on local portfolio investments by Peruvian and Chilean pension funds, and may add Mexico, a government official said on Thursday. "Today, Chile and Peru have such agreements and have been applying them since January 1, 2017. The Pacific Alliance includes Colombia, Peru, Chile and Mexico.

  • DUBAI, Feb 9- Bahrain- based Investcorp is responding to the election of U.S. Investcorp, which expects its assets under management to rise to around $21 billion in the first half of 2017, on Thursday reported a fall in profit to $35.6 million in the six months to Dec. 31 from $50.9 million in the prior-year period. Among potential investments in the U.S., Europe and the...

  • LONDON, Feb 9- Fund manager Henderson Group's total assets rose 10 percent to 101 billion pounds in 2016 after market gains more than offset the impact of retail customers withdrawing money. Henderson said its planned $6 billion purchase of rival U.S. asset manager Janus Capital was on track to complete by the end of May, and it planned to pay a final dividend of...

  • LONDON, Feb 9- Fund manager Henderson Group's total assets rose 10 percent to 101 billion pounds in 2016 after market gains more than offset the impact of retail customers withdrawing money, it said on Thursday. Henderson said its planned $6 billion purchase of rival U.S. asset manager Janus Capital was on track to complete by the end of May, and it planned to pay a...

  • NEW YORK/ LONDON, Feb 8- Goldman Sachs Investment Partners, which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters. About eight staff members who made up the London team were recently told to move to the Battery Park City...

  • Feb 8- The scads of analysts and fund managers at some money management firms may just be there as window dressing. The upshot is that while having more RIAs- investment professionals who are registered with the SEC or state securities regulators- per dollar managed is "not associated" with better performance it does help to attract assets. Seemingly, these firms...

  • Feb 8- Activist hedge fund Marcato Capital Management LP reported a 6 percent stake in Deckers Outdoor Corp, saying the footwear and apparel maker's shares were "undervalued" and an "attractive investment". Marcato Capital said it intends to hold discussions with Deckers regarding its business, strategies and other matters. Deckers shares were up more than 9...

  • NEW YORK, Feb 8- Investors poured cash into U.S.-based mutual funds and exchange-traded funds at the fastest pace since 2013 during the latest week, Investment Company Institute data showed on Wednesday, funneling $24.3 billion into the market. That figure is the largest since Oct 23, 2013, and comes as investors showed a strong desire for all kinds of financial...