Capital Markets Asset Management and Custody Banks

More

  • March 17- One of Tudor Investment Corp's longest-serving employees, Spencer Lampert, has left the firm after nearly three decades, according to a source familiar with the company. The Greenwich, Connecticut- based hedge fund's founder, Paul Tudor Jones and its president, Mark Dalton, told employees of Lampert's departure in an email this week, the source said.

  • March 17- You might want to consider firing your money manager in favor of a woman or someone from a less wealthy background. Two recent studies highlight that mutual fund managers from less affluent backgrounds and seasoned hedge funds with female managers both outperform. Maybe the movie "Trading Places," in which a homeless man ran rings around affluent...

  • *S&P 500 and Dow turn positive for the year. March 17- The S&P 500 and the Dow Jones industrial average turned positive for the year on Thursday, a day after the U.S. "It's a continued reaction from the Fed's move yesterday," said David Lefkowitz, senior equities analyst at UBS Americas Wealth Management in New York.

  • NEW YORK, March 17- The S&P 500 turned positive for the year on Thursday, a day after the Federal Reserve lowered expectations for the number of interest rate hikes this year. "It's a continued reaction from the Fed's move yesterday," said David Lefkowitz, senior equity strategist at UBS Wealth Management Americas in New York. The S&P and Dow were at their highest...

  • TORONTO, March 17- A ramping up in Canadian government bond sales to finance deficit spending will be met by ample demand, say market players, who predict recent underperformance by the country's long-term bonds against U.S. Canada's new Liberal government will introduce its first budget March 22 and is expected to run a C $29 billion deficit in fiscal 2016-17,...

  • The idea is getting a push from a politically unlikely duo: labor economist Teresa Ghilarducci and Tony James, president of Blackstone Group LP, the global asset management firm. Indeed, just 23 percent of workers age 45 and higher have saved more than $250,000, according to the Employee Benefit Research Institute. Meanwhile, Social Security replaces only about...

  • TOKYO, March 17- Fixed income hedge funds are likely to have the worst quarter in their history in the three months to March 31, hit by a lack of market liquidity, Dan Fuss, a veteran fund manager known as the Warren Buffett of bonds, said on Thursday. Fuss, vice chairman and portfolio manager of Loomis Sayles, which oversaw $229.1 billion as of Dec. 31, said regulations...

  • SHANGHAI, March 17- A slowdown in the pace of deregulation is the biggest challenge facing UBS AG in China, an executive at the Swiss bank said as it opened a branch of its wealth management business in Shanghai on Thursday. The push by UBS into China comes against a backdrop of challenging conditions such as interest rate pressure and lower activity in investment...

  • *Hedge fund managers in bid to save licenses amid closure threat. HONG KONG/ SHANGHAI, March 17- China's hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. "It is very difficult for the regulators...

  • *Canadian funds have been 2nd biggest UK real estate buyers. *Retreat raises concerns over inbound UK investment. TORONTO, March 17- Some of Canada's top pension funds, among the world's biggest investors in British real estate and infrastructure, are holding back on UK deals until after Britons vote on whether to leave the European Union, according to senior...

  • *Dollar rises as markets await Fed review. NEW YORK, March 16- The dollar rose broadly on Wednesday, moving in a tight range after solid U.S. economic data, as investors positioned for fresh guidance from the Federal Reserve on when U.S. interest rates are likely to rise. "The main focus is the FOMC," said BK Asset Management Managing Director Kathy Lien in New York.

  • BERLIN, March 15- U.S. law firm Hausfeld said it will pursue claims of European customers harmed by Volkswagen's emissions scandal, adding to the German automaker's mounting legal challenges. On Monday, German law firm TISAB said 278 institutional investors in Volkswagen filed a 3.26 billion euros lawsuit against the carmaker for what they see as breaches of...

  • BOSTON, March 15- Hedge funds on Tuesday lost an estimated $5.3 billion on drugmaker Valeant Pharmaceuticals' stock meltdown, with billionaire investors William Ackman and Jeffrey Ubben taking the brunt of the hit- losing more than $700 million each, according to data from research firm Symmetric.IO. Ackman's $12 billion Pershing Square Capital Management...

  • March 15- BlackRock Inc, the world's largest asset manager said it has sold all its investments in the real estate business in Poland and will close its Warsaw office effective May 31. The company will continue to monitor the Polish market using resources within Europe and the exit will not affect its retail mutual funds business in Poland, a BlackRock spokesman...

  • March 15- A decline in energy and healthcare stocks weighed on Wall Street on a relatively quiet Tuesday as investors awaited the outcome of the U.S. "After a very strong bounce in risk assets in the recent few weeks, investors are collectively holding their breath waiting for the Fed tomorrow," said Bill Merz, investment strategist at U.S. Bank Wealth Management in...

  • March 15- Energy and healthcare stocks weighed on Wall Street as investors awaited the outcome of the U.S. "After a very strong bounce in risk assets in the recent few weeks, investors are collectively holding their breath waiting for the Fed tomorrow," said Bill Merz, investment strategist at U.S. Bank Wealth Management in Minneapolis.

  • Goldman Sachs hosts technology symposium

    Martin Chavez, chief information officer at Goldman Sachs, talks about the opportunities to apply new, disruptive tech and software to finance.

  • SYDNEY, March 15- Australia's Qube Holdings Ltd said it has joined Canada's Brookfield Asset Management Inc and international partners to make a A $9.1 billion bid for ports and rail freight company Asciano Ltd.. The freight handler said in a statement on Tuesday it had terminated a previous stand-alone bid and replaced it with a joint offer with Brookfield...

  • SYDNEY, March 15- Shares of Australian port operator Qube Holdings Ltd and Asciano Ltd were suspended on Tuesday, after Qube said it would soon make a "significant" announcement about an acquisition following after a months-long bid against Canada's Brookfield Asset Management Inc to buy Asciano. But on Feb. 24 Qube said it wanted to end the bidding war with...

  • BERLIN, March 14- Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. Law firm TISAB said the lawsuit was over whether VW neglected its duty to the capital markets regarding the...