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Capital Markets Asset Management and Custody Banks

  • BOSTON, March 1- Hedge fund giant Citadel on Wednesday became the latest U.S. investment firm to join the Hedge Fund Standards Board, the industry's global standard-setting body said in a newsletter. The London- based group said hedge fund managers Citadel plus Bermuda- based Hiscox Re Insurance Linked Strategies Ltd and Hong Kong- based Myriad Asset Management...

  • HONG KONG/ SHANGHAI, March 1- China's move to open its derivatives market to foreign bond investors could help counter outflows but lingering concerns about capital controls are keeping offshore investors cautious. Such measures could potentially help China win inclusion on global bond indexes, but investors say market accessibility and concerns about...

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. 1/ 2 nL2N1GD0FO 3/ 8. BUCKY HELLWIG, SENIOR VICE PRESIDENT, BB&T WEALTH MANAGEMENT, BIRMINGHAM, ALABAMA:.

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami. The sale, expected to close in the second half of 2017, will generate a net capital gain of 447 million euros for Sabadell, the bank said in a...

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami.

  • BOSTON, Feb 28- Investors disappointed by hedge funds' poor returns and managers eager to pull in fresh money are seeing eye to eye: the industry's once-hefty fees are being rolled back. In the United States, home to the bulk of the world's hedge funds, the number is even higher with 78 percent of polled managers saying they are ready to negotiate on fees, underscoring...

  • BOSTON, Feb 28- Investors disappointed by hedge funds' poor returns and managers eager to pull in fresh money are seeing eye to eye: the industry's once-hefty fees are being rolled back. In the United States, home to the bulk of the world's hedge funds, the number is even higher with 78 percent of polled managers saying they are ready to negotiate on fees, underscoring...

  • NEW YORK, Feb 28- Wells Fargo& Co's wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market. Devon McConnell, Wells Fargo Advisors' head of...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's hedge fund firm, and it was unclear on Monday how Icahn's interests will be represented at those companies going forward. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on...

  • LONDON, Feb 27- For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Since September 2009, the U.S. Commodity Futures Trading Commission has employed a four-way classification for all traders with reportable positions in crude oil.

  • Feb 27- Samuel Merksamer, who represents billionaire investor Carl Icahn on several corporate boards, has left the hedge fund firm Icahn Enterprises, according to an internal memo. The memo, sent internally at Icahn Enterprises in late December, did not give a reason for Merksamer's departure. According to his biographies on corporate websites, he sat on the...

  • Feb 27- Morgan Stanley gave some wealth management clients incorrect information on taxes that caused some to underpay and others to overpay, according to a regulatory filing on Monday. The bank is setting aside $70 million to cover the costs and is in discussions with the Internal Revenue Service over the errors which occurred in tax years 2011 through 2016..

  • Feb 27- Samuel Merksamer has left Icahn's hedge fund firm, according to an internal memo. He represents billionaire investor Carl Icahn on several corporate boards. According to his biography on corporate websites, he sat on the boards of American International Group Inc, Transocean Ltd, Navistar International Corp, Ferrous Resources Ltd, Hertz Global...

  • LONDON, Feb 27- For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Since September 2009, the U.S. Commodity Futures Trading Commission has employed a four-way classification for all traders with reportable positions in crude oil.

  • LONDON, Feb 27- From a non-descript office in south London, Mark Hiley may be showing the way for Wall Street giants such as JPMorgan and Merrill Lynch to adapt to new European rules requiring them to charge an explicit fee for investment research. They rely entirely on what they charge for research, as will be required under the European Union's MiFID II directive...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds. Known to fans as "the Oracle of Omaha," he estimated that the search for outperformance...

  • DUBAI, Feb 25- The chairman of Dubai Holding, the investment vehicle of the emirate's ruler and a major force in developing the Dubai economy, has resigned to focus on his role in the national government, the conglomerate said on Saturday. As head of Dubai Holding since its founding in 2004, Mohammed Abdullah al-Gergawi came to oversee a $35 billion portfolio of...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment industry on Saturday, saying investors should "stick with low-cost index funds." Buffett, whose annual letter is scrutinized by investors who...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment management industry on Saturday, saying investors should "stick with low-cost index funds." During the financial crisis, Buffett bet a founder of the...

  • *U.S., Canada looking for' greenfield' investors. TORONTO, Feb 24 S- Canadian pension fund manager OMERS would like to invest more in building new infrastructure, its chief financial officer said, making it a candidate to support government programs in Canada and the United States. However, with competition for' brownfield' assets inflating prices around the world,...