×

Capital Markets Asset Management and Custody Banks

  • MADRID, Jan 12- Spain's Banco Popular has sold 620 million euros of non-performing property loans to U.S. asset managers Apollo and Blackstone, a bank spokesman said on Thursday. The sale comes as Popular, Spain's sixth largest by assets, presses on with its plan to reduce its toxic real estate portfolio by 15 billion euros by 2018, almost half its total exposure.

  • LONDON, Jan 12- Britain's finance industry has reluctantly given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products. Banks, insurers and asset managers have concluded there is no realistic chance of maintaining full passporting...

  • KUALA LUMPUR, Jan 12- Malaysia's securities regulator has proposed establishing a fund to invest in the country's Islamic finance funds and make them more attractive to institutional and foreign investors. The proposed fund, part of an Islamic fund and wealth management blueprint launched on Thursday by the Securities Commission, would invest in...

  • LONDON, Jan 12- Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products. Banks, insurers and asset managers have come to the conclusion there is no realistic chance of maintaining full passporting rights...

  • NEW YORK, Jan 11- An ex-portfolio manager at Visium Asset Management LP corruptly sought to boost the value of one of its hedge fund's holdings, defrauding investors while enabling the investment firm to earn millions of dollars, a U.S. prosecutor told jurors on Wednesday. Stefan Lumiere, the former brother-in-law of Visium founder Jacob Gottlieb, violated the...

  • LONDON, Jan 11- The former regional heads for Africa at private equity giants KKR and Carlyle are setting up an investment firm, Arkana Partners, to target local equity investments of up to $100 million. Kayode Akinola told Reuters on Wednesday that he was leaving KKR to join forces with Marlon Chigwende, who left his role as Africa chief at rival Carlyle in 2016, as...

  • NEW YORK, Jan 11- Morgan Stanley is rolling out a new software platform to 20 of its top financial advisory teams to help them see more of their wealthiest clients assets. The bank, which manages most of its technology in-house, said late Tuesday that part of its private wealth management division will use Addepar, a Mountain View, California- based technology firm...

  • That would be a dramatic reversal from last year, when assets under management for bond funds surged 142 percent to 1.93 trillion yuan, while equity and balanced fund assets dropped 17 percent to 1.99 trillion yuan, according to data from Chinese consultancy Z-Ben Advisors. While China's main stock index fell 12 percent last year, yuan-denominated bonds had...

  • That would be a dramatic reversal from last year, when assets under management for bond funds surged 142 percent to 1.93 trillion yuan, while equity and balanced fund assets dropped 17 percent to 1.99 trillion yuan, according to data from Chinese consultancy Z-Ben Advisors. While China's main stock index fell 12 percent last year, yuan-denominated bonds had...

  • Jan 10- Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber Technologies Inc this past summer, according to people with knowledge of the matter. Led by Morgan Stanley, the banks helped the ride-sharing network tap the leveraged loan market in July for the first time, persuading...

  • TORONTO, Jan 10- Canadian online investment startup Wealthsimple expects to have over a billion dollars in assets under management this year as it plans for significant growth in 2017, its chief executive said on Tuesday. Launched just two years ago and backed by Power Financial Corp, the financial technology startup currently has about 15,000 clients in...

  • *Arabian Cement surges; Beltone upgrades stock to buy. DUBAI, Jan 10- Egypt's stock market rose strongly on Tuesday but foreign funds were net sellers for a second time since the Egyptian pound was floated on Nov. 3. Mohamed El Nabarawy, head of asset management at Egypt's HC Securities& Investment, said foreign funds had been extremely underweight in Egypt for...

  • SAO PAULO, Jan 9- Yields on Brazilian interest rate futures narrowed on Monday as traders increased bets that the central bank would cut rates by an aggressive 75 basis points this week. Managers at Verde Asset Management SA, which runs Brazil's largest hedge fund, said on Friday they had purchased fixed-rate bonds on hopes of a 75- basis-point reduction.

  • LONDON, Jan 9- Hedge funds amassed a record bullish position in crude oil futures and options by the end of last year, which helped drive crude prices sharply higher in the final six weeks of 2016.. The first position reports of the new year show hedge funds actually cut their combined position in the three main contracts by 6 million barrels in the week to Jan. 3.

  • NEW YORK, Jan 9- A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York- based hedge fund's closure last year. Jury selection is set to begin on Wednesday in Manhattan federal court in the case of Stefan Lumiere, Visium founder Jacob Gottlieb's former...

  • BEIJING, Jan 9- China's Guangxi province's Department of Human Resources and Social Security statement on website:. *A total of 40 billion yuan of Guangxi's local pension funds would be invested in financial markets for the first time, after the government signed a pension investment contract with the National Council for Social Security Funds.

  • NEW YORK, Jan 6- Investors pulled $3.2 billion from the Pimco Total Return Fund, once the world's largest bond fund, in December, bringing last year's total cash withdrawals to $16.1 billion, Morningstar data showed on Friday. The Pimco Income Fund, which Pimco Group Chief Investment Officer Dan Ivascyn told Reuters on Friday has increased its exposure to safer...

  • SHANGHAI, Jan 6- China has opened the way for foreign asset managers to begin launching private investment funds in the country through local subsidiaries, by publishing long-awaited registration rules for such investmments. The step removes a key technical hurdle to foreign entry 1-1/ 2 years after China agreed to deregulate its private fund market as part...

  • *Dubai Islamic Insurance soars amid merger speculation. DUBAI, Jan 5- Egypt's stock market closed the week at a record high on Thursday as foreign funds continued to buy, while Gulf markets inched up on the back of firmer crude oil and global bourses. "Since the float of the currency on Nov. 3 the market has not witnessed a correction and foreign funds have been...

  • NEW YORK, Jan 4- The former chief executive officer of a company linked to troubled hedge fund manager Platinum Partners was convicted of criminal tax fraud on Wednesday, New York's attorney general said in a statement. Gary Mole, who led Glacial Energy Holdings Inc before it went bankrupt in 2014, pleaded guilty to diverting more than $18.5 million in taxable...