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Capital Markets Asset Management and Custody Banks

  • *Most positive towards fixed income in survey's history. DUBAI, Jan 31- Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. That is the most positive balance towards fixed income since the poll was...

  • *Oct-Dec net profit up 8.3 percent y/y to 146.5 billion yen. TOKYO, Jan 31- Mizuho Financial Group on Tuesday reported an 8.3 percent rise in its quarterly net profit as it booked a one-time gain from the reorganization of its asset management business, although lower lending income continued to drag on its results. Mizuho, Japan's No.2 lender by assets, said its net...

  • *Oct-Dec net profit up 8.3 percent y/y to 146.5 billion yen. TOKYO, Jan 31- Mizuho Financial Group on Tuesday reported an 8.3 percent rise in its quarterly net profit as it booked a one-time gain from the reorganization of its asset management business, although lower lending income continued to drag on its results. Mizuho, Japan's No.2 lender by assets, said its net...

  • TORONTO, Jan 31- Wealthsimple, a Canadian-based robo-adviser startup, announced a C $20 million investment from Power Financial Corp, and formally launched in the United States on Tuesday, as it looks to compete in a crowded American market dominated by big investment firms. Wealthsimple's national roll-out will make the Toronto- based firm the first foreign...

  • *Fear gauge VIX registers largest point gain since early Nov. NEW YORK, Jan 30- Major U.S. stock indexes posted their largest drop so far in 2017 on Monday as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S. president's policies are not market-friendly. "Investors focused on the pro-growth of proposals and not...

  • Jan 30- Activist hedge fund Land and Buildings Investment Management LLC has urged real estate company Forest City Realty Trust Inc to explore "strategic options." Land and Buildings said it believed Forest City had at least 40 percent upside to its net asset value, given its "enviable" collection of high quality real estate, which includes malls, retail centers...

  • By Francesco Guarascio and Huw Jones. LUXEMBOURG/ LONDON, Jan 30- The European Union should create a publicly-funded asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. In a speech in Luxembourg on Monday, EBA Chairman Andrea Enria sketched out how...

  • LONDON, Jan 30- Hedge funds seem to be quietly positioning for the possible imposition of a border tax adjustment on imports of crude oil into the United States. In the two weeks between Jan. 10 and Jan. 24, hedge funds added 62 million barrels of extra long positions in WTI while cutting long positions in Brent by 6 million barrels. The increased exposure to WTI...

  • LUXEMBOURG/ LONDON, Jan 30- The European Union should create an asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an...

  • LONDON, Jan 30- The European Union should create an asset management company to scoop up a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an average bad loan...

  • MILAN, Jan 30- An expected bid by Intesa Sanpaolo, Italy's biggest retail bank, for the country's largest insurance company is a bold gamble that has stunned the cosy world of Italian finance and carries risks for both predator and prey. The extent of what Intesa CEO Carlo Messina was planning dawned on Philippe Donnet, the French head of Generali, when he tried to...

  • MILAN, Jan 30- An expected bid by Intesa Sanpaolo, Italy's biggest retail bank, for the country's largest insurance company is a bold gamble that has stunned the cozy world of Italian finance and carries risks for both predator and prey. The extent of what Intesa CEO Carlo Messina was planning dawned on Philippe Donnet, the French head of Generali, when he tried to...

  • Antoine Lesné, EMEA head of ETF strategy at SPDR ETFs, talks about the value of an ETF when commenting on active versus passive management.

  • Peter Westaway, head of investment strategy at Vanguard Asset Management, Europe, says “there’s always a place for both active and passive investors, but if you go active you have to focus on cost.”

  • LONDON, Jan 27- Hedge funds are betting heavily that crude oil markets will move into a supply deficit and start to draw down excess stockpiles in 2017.. Hedge funds and other money managers have amassed net long positions equivalent to 160 million barrels in calendar spread options on the New York Mercantile Exchange. Economist Holbrook Working explained the...

  • Similar price rises for old drugs have sparked outrage in the United States, where former hedge fund manager Martin Shkreli was pilloried in 2015 for increasing the cost of an anti-parasitic medicine by more than 5,000 percent. The new analysis by British academics suggests Europe is not immune to such unexplained cost increases, although absolute prices...

  • *TPG, Cerberus, Thoma Bravo interested in bidding. TORONTO, Jan 27- Canada Pension Plan Investment Board and several U.S. private equity firms are interested in acquiring Canadian financial technology services provider DH Corp, according to people familiar with the situation. TPG, Cerberus Capital Management LP and technology-focused Thoma Bravo are some of...

  • LONDON, Jan 27- Hedge funds are betting heavily that crude oil markets will move into a supply deficit and start to draw down excess stockpiles in 2017.. Hedge funds and other money managers have amassed net long positions equivalent to 160 million barrels in calendar spread options on the New York Mercantile Exchange. Economist Holbrook Working explained the...

  • *Q4 net profit 738 mln Sfr vs 339 mln estimate in poll. UBS says to propose 2016 dividend of 0.60 Sfr per share. ZURICH, Jan 27- UBS hopes optimism surrounding new U.S.

  • ZURICH, Jan 27- UBS hopes a Donald Trump- inspired rally in the United States will help boost earnings at its struggling wealth management business after posting a 47 percent fall in full-year net profit. With profit from its core wealth management business under pressure, the bank pointed to growing investor confidence in the United States towards the end of...