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Capital Markets Asset Management and Custody Banks

  • REUTERS SUMMIT-PICTET ASSET MANAGEMENT SAYS U.S.

  • NEW YORK, Nov 14- Bruce Richards, chairman and chief executive officer of Marathon Asset Management, said the positive effects of U.S. President-elect Donald Trump's economic plans would delay the opportunity to buy cheap distressed assets in the United States. Marathon is an approximately $13 billion hedge fund manager based in New York that focuses on...

  • NEW YORK, Nov 14- Hedge fund Omega Advisors plans to keep managing money for outside clients and expects to post stronger returns even as assets have shrunk after the U.S. government charged its billionaire founder with insider trading two months ago. "We have no plans turn into a family office," Vice Chairman Steven Einhorn said at the Reuters Global Investment...

  • NEW YORK, Nov 14- Hedge fund Omega Advisors plans to keep managing money for outside clients and expects to post stronger returns even as assets have shrunk after the U.S. government charged its billionaire founder with insider trading two months ago. "We have no plans turn into a family office," Vice Chairman Steven Einhorn said at the Reuters Global Investment...

  • HONG KONG, Nov 14- A surge in U.S. dollar and Treasury yields since Donald Trump won the election is set to increase fund outflows from emerging markets in the short-term as investors chase higher yields, said a senior executive for Northern Trust Asset Management. The long-term investment outlook in the emerging markets, however, remains robust with a growing...

  • LONDON, Nov 11- Buyout firms have approached Santander Asset Management and Intesa Sanpaolo over a possible takeover of the Allfunds Bank mutual fund platform, sources told Reuters. U.S. buyout fund Bain Capital and Europe's Advent are planning to make a joint bid for the business, which could be worth up to 2 billion euros, the sources said. Santander Asset...

  • MILAN, Nov 11- Italian bank UniCredit has received four binding offers for its asset manager Pioneer, valuing the business at more than 3 billion euros, two sources close to the matter said on Friday. The offers came from a consortium led by Italy's post office, France's Amundi, Australia's Macquarie and U.S.-based Ameriprise Financial, the sources said.

  • Nov 11- Asset management company Schroders Plc named Sok Mun Wong head of fixed income and foreign exchange trading for Asia. She will be based in Singapore. Previously, Wong was working with Tudor Capital.

  • *Strong start for CEO Manny Roman; Allianz beats forecasts. LONDON, Nov 11- Pacific Investment Management Co's new boss Manny Roman, who joined last week from British hedge fund firm Man Group, has a steadier platform to rebuild it from after the California- based firm finally stemmed an outflow of client money. Much of these outflows followed the high-profile and...

  • LONDON, Nov 11- Europe's largest insurer Allianz signaled it might return cash to shareholders after reporting forecast-beating quarterly earnings on Friday and the first positive flows into U.S. bond fund manager Pimco in over three years. "The most positive news... is that asset management and in particular Pimco has stopped net outflows," DZ Bank analyst...

  • MILAN, Nov 10- A consortium led by Poste Italiane that includes asset gatherer Anima Holding and Italian state lender Cassa Depositi e Prestiti said it submitted an offer on Thursday to buy UniCredit's asset manager Pioneer. Pioneer is Europe's sixth-largest asset gatherer and has assets under management of around 225 billion euros. Sources have said four...

  • TOKYO, Nov 10- Dan Fuss, one of the world's longest-serving fund managers, said on Thursday that he had revised up his forecast of U.S. government bond yields next year after Donald Trump was elected the next president. I was at 2-1/ 4 to 2-1/ 2 before the election, "Fuss, vice chairman of Loomis Sayles, told Reuters. The yield had fallen to its record low of 1.321 percent just...

  • NEW YORK, Nov 9- As Wall Street's wealth management firms scramble to comply with a new U.S. Department of Labor rule, JPMorgan Chase& Co said on Wednesday it will stop offering commissions-paying retirement accounts. Starting in April, clients of Chase Wealth Management, Private Bank and J.P. Morgan Securities have two options: they can either chose to pay a...

  • TOKYO/ LONDON, Nov 9- Hedge fund closures globally are likely to outpace launches this year for the first time in more than 16 years' of data, a leading market data tracker said on Wednesday. High-profile closures in the year to end-September include Chesapeake Partners and Perry Capital. The preliminary nine-month roll-call of closures stood at around 566,...

  • NEW YORK, Nov 9- U.S. stock index futures sank in the overnight session into Wednesday as a market that had been expecting a victory by Democrat Hillary Clinton scrambled to adjust to an upset win by Republican Donald Trump. "His victory speech helped turn markets a bit," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee...

  • ZURICH, Nov 9- Swiss Life reaffirmed its financial targets for this year on Wednesday despite reporting an 8.4 percent fall in premiums in the first nine months to 13.355 billion Swiss francs, as the performance of its asset management business improved. Fee and commission income jumped 5 percent to 974 million francs, while direct investment income remained...

  • SINGAPORE, Nov 8- ARA Asset Management Ltd's founder is teaming up with private-equity firm Warburg Pincus and other investors to buy out the Singapore- listed real estate fund manager in a deal that values the company at $1.28 billion. Trading in ARA, which manages S $30 billion in Asian property assets and has a market value of about $1.1 billion, has been halted...

  • LONDON, Nov 7- Hedge funds and other money managers have reduced bullish bets on crude oil amid reported differences among OPEC members about how to implement their recently agreed output ceiling. The production accord left crucial details unresolved, including how the output ceiling of 32.5-33.0 million barrels per day would be shared among OPEC members.

  • More than 20 fund managers have left the fund's Investment Management organisation this year, said a source with direct knowledge of the matter, with several saying they were worried about the impact the relocation of the NPS headquarters from Seoul will have on their careers and personal lives. Members of Parliament have expressed concern over the brain...

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. Reuters reported exclusively last month that BC Partners was in the pole position to acquire the portfolio.