Capital Markets Asset Management and Custody Banks

  • LONDON, June 1- Barclays has completed the sale of its Italian insurance business to CNP Assurances, the British lender said on Wednesday. The deal will see Barclays transfer 700 million euros worth of assets under management to the buyer, Barclays said, as the bank continues to dispose of assets under a plan to shrink its size and increase profits.

  • *Between $5 bln and $6 bln to be sold to institutional investors. *Alibaba will buy $2 bln worth of stock. June 1- SoftBank Group Corp said it will sell at least $7.9 billion of shares in Alibaba Group Holding Ltd- a move that will cut the Japanese firm's debt amid worries about losses at its U.S. telecoms unit Sprint Corp.

  • David Einhorn's Greenlight Capital dipped 1.9 percent in May, leaving the fund up 1.1 percent for the year so far. Daniel Loeb's Third Point Partners fund gained 1.7 percent in May and is up 1.5 percent for the year. Barry Rosenstein's Jana Partners fund gained 2.4 percent in May, but is nursing a 4.7 percent loss for the year.

  • David Einhorn's Greenlight Capital dipped 1.9 percent in May, leaving the fund up 1.1 percent for the year so far. Daniel Loeb's Third Point Partners fund gained 1.7 percent in May and is up 1.5 percent for the year. Barry Rosenstein's Jana Partners fund gained 2.4 percent in May, but is nursing a 4.7 percent loss for the year.

  • TORONTO, May 31- Canada's main stock index turned lower on Tuesday after hitting a new nine-month high, pressured by losses for financial stocks after one of the country's major banks reported results that missed estimates. "The market still has legs," said Steve Belisle, portfolio manager at Manulife Asset Management, who expects the index to move higher over the...

  • May 31- Bank of America Corp's U.S. Trust business plans to add more than 100 financial advisers who cater to the super-rich as part of its strategy to grow wealth-management revenue, a U.S. Trust executive said on Tuesday. The number of private client advisers will rise to more than 450 from 323 over the next three years, Keith Banks, president of U.S. Trust said at a...

  • BEIJING, May 31- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $81.098 billion as of May 30, from $80.996 billion at the end of April, the country's foreign exchange regulator said on Tuesday.

  • *Only 7 percent expect to raise Egypt allocation. DUBAI, May 31- Middle East fund managers have grown more cautious about building positions in both equities and fixed income, partly because of the risk of a U.S. interest rate hike as soon as June, a monthly Reuters poll showed. Fed interest increase decision in June or July, "said Mohammed Ali Yasin, managing director...

  • SINGAPORE, May 31- Having dumped Asian shares on resurgent worries about China's economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region's bonds and currencies. Indonesia's and South Korea's bond markets, heavy recipients of foreign investment until March, are now seeing chunks of inflows reverse...

  • TORONTO, May 27- Canada's main stock index climbed on Friday, helped by strength in the financial services sector and energy companies, with investors focusing on monetary policy commentary from U.S. central bank chief Janet Yellen. Toronto-Dominion Bank rose 0.4 percent to C $57.67, and Brookfield Asset Management Inc advanced 2.6 percent to C $46.54, while...

  • The SEC announced the civil settlement with Federated Global Investment Management Corp on Friday. Meghan McAndrew, a Federated spokeswoman, said the company addressed the issues raised by the SEC prior to the regulator's inquiry. The SEC said the consultant at times also traded stocks that Federated owned in his own brokerage accounts, "sometimes in close...

  • NEW YORK, May 27- The U.S. dollar index hit two-month highs on Friday after Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. "She didn't say no, the market took that as a positive sign for the dollar," said Boris Schlossberg, managing director at BK Asset Management in New York. The dollar also gained against the yen,...

  • It said around 75 percent of the issue was bought by foreign investors from the United Kingdom, France, Switzerland, Asia and the United States, with a quarter taken by Russian banks, asset management firms and brokerage companies. On Wednesday, Finance Minister Anton Siluanov had said foreign investors bought $1.2 billion of the $1.75 billion.

  • LONDON, May 27- The world's biggest hedge funds lost market share to smaller rivals over the last year as a result of underperformance, data tracker Preqin said on Friday. Total assets held by hedge funds with more than $1 billion dropped to 88 percent in the year to end-March 2016 from 92 percent in the year-earlier period, it said in an annual report.

  • *Sees value in investment grade corporate bonds in US, Europe. TOKYO, May 27- Even though the Federal Reserve is expected to raise interest rates, long-term U.S. bond yields are unlikely to rise due to China's slowdown and negative rates in Japan and Europe, the top fund manager of Invesco Ltd's $240 bln global bond funds said. Gregory McGreevey, Atlanta- based CEO of...

  • *TD says wildfire impact' less than 5 cents/ share'. TORONTO, May 26- Canada's biggest banks warned on Thursday of further losses from oil loans in coming quarters as energy companies struggled to repay loans, even as growth in wealth management and retail banking helped the banks report better-than-expected second-quarter earnings. TD's chief financial...

  • May 26- Wall Street treaded water on Thursday as investors looked for fresh reasons to buy stocks following two straight days of gains. "People are taking their foot off the gas after making a bunch of money, and now they're waiting for the next data point," said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New York. In line with other...

  • TORONTO, May 26- Canada's biggest banks on Thursday warned of further losses in coming quarters as energy companies struggled to repay loans, even as growth in wealth management and retail banking helped the banks report better-than-expected second-quarter results. TD Bank's Chief Financial Officer Riaz Ahmed said that despite a recent recovery in oil...

  • ZURICH, May 26- Credit Suisse has sold bonds worth 220 million Swiss francs to help insure against certain operational risks such as rogue trading and cybercrime, a source familiar with the matter said on Thursday. The bonds were marketed to asset managers, pension funds, reinsurers and hedge funds this month and priced last week, the source said, speaking on...

  • NEW YORK, May 25- A Connecticut commission has scheduled a vote on Friday on a proposed $22 million grant to Bridgewater Associates, one of the world's largest hedge funds, to help it expand its operations in the state. The plan has support from some Connecticut officials but has also drawn fire after the state slashed spending, laid off workers and froze pay.