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Capital Markets Asset Management and Custody Banks

  • Sarah Normand, arguing for the government before the 2nd U.S. Circuit Court of Appeals in Manhattan, said that even if the Federal Bureau of Investigation did make false statements, it had good cause for a warrant against Ganek anyway. FBI agents raided the offices of Ganek's fund, Level Global, in 2010, after one of its analysts, Spyridon Adondakis, told them that he...

  • LONDON, March 24- Brevan Howard Asset Management, a British hedge fund firm, has been granted an injunction to prevent Reuters publishing a story it says is based on confidential information. A High Court judge ruled on Thursday after a private hearing that there were not sufficient grounds of public interest for the story to be published. Reuters news agency is...

  • NEW YORK, March 24- Little-known Thrivent Financial, a Minneapolis- based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand apart at a time when steep investor outflows are prompting a wave of mergers throughout the mutual fund industry. The firm, which collectively manages $15 billion...

  • *Most of new staff hiring to be in Pearl River Delta. HONG KONG, March 24- HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China. HSBC has made the southern Pearl River Delta region- home to 11...

  • EXCLUSIVE-HSBC EXEC SAYS PLANS TO ADD AS MANY AS 1,000 NEW STAFF IN CHINA RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS IN 2017, MOST IN PEARL RIVER DELTA.

  • BOSTON, March 23- Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. The decision to liquidate comes after a difficult 2016 when Eton Park lost 9 percent and its assets shrunk by $2 billion to the current $7 billion. At its peak in 2011, Eton Park oversaw $14 billion.

  • BOSTON, March 23- Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. The decision to liquidate comes after a difficult 2016 when Eton Park lost 9 percent and its assets shrunk by $2 billion to the current $7 billion. At its peak in 2011, Eton Park oversaw $14 billion.

  • BOSTON, March 23- Thirteen years ago Eric Mindich set what has been called a record when he raised $3 billion for his new hedge fund Eton Park. The firm oversees $7 billion in assets and kicked the year off with a modest performance, neither losing nor making money for clients. Last year was far tougher, and Eton Park ended the year with a 9 percent loss as assets shrunk...

  • Greater opportunities to use passive management in portfolios now: Commonfund

    Mark Anson, Commonfund CIO, discusses his investing outlook for client portfolios.

  • LONDON, March 22- The head of European bonds at the world's biggest asset manager told Reuters on Wednesday he is optimistic about the outlook for France and is holding a large stake in its government debt ahead of presidential elections in April and May. President Donald Trump's fiscal stimulus was "healthy" and that investors had got ahead of themselves in...

  • LOS ANGELES, March 21- A shareholder coalition founded in the U.K. is recruiting investors for a campaign to convince KFC parent Yum Brands Inc and other food companies to protect public health and corporate profits by reducing the use of antibiotics in the meat they serve in the United States and around the world. "There is the potential for significant...

  • TORONTO, March 21- A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations. Canada's outbound M&A volume hit a record $128 billion last year.

  • *Kansas, Cleveland Fed chiefs to speak later in the day. March 21- U.S. stocks reversed course to trade lower in late morning on Tuesday, pressured by a fall in bank shares. "People are absorbing the Fed decision and seeing what the impact from that will be," said Paul Springmeyer, investment managing director at the Private Client Reserve at U.S. Bank in Minneapolis,...

  • LONDON, March 21- European shares gained on Tuesday with cyclicals, banking and oil stocks outperforming, reversing a cautious start to the week. Among banks, Deutsche Bank was the top gainer, 3.6 percent above its theoretical ex-rights price as the subscription period for its 8 billion euro capital hike began. Asset management firm Partners Group was the top...

  • SEOUL, March 21- Market rumours that U.S. activist hedge fund Elliott Management Corp has acquired a stake in South Korea's Hyundai Motor Co are not true, a person familiar with the matter told Reuters on Tuesday.

  • LONDON, March 20- Hedge funds cut their bullish bets on oil by the largest amount on record in the week to March 14, according to the latest data published by regulators and exchanges. The reduction in the net long position coincided with the sharp fall in oil prices, which started on March 8 and continued through March 14. Fund managers' net long position has been...

  • District Judge Juan Sanchez in Philadelphia said the SEC "pleaded a plausible claim" that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading illegally in Atlas Pipeline Partners LP, based on tips from an Atlas executive. The case has already hurt New York- based Omega, which has seen assets under management tumble to $3.5 billion as of Jan....

  • LONDON, March 20- Hedge funds cut their bullish bets on oil by the largest amount on record in the week to March 14, according to the latest data published by regulators and exchanges. The reduction in the net long position coincided with the sharp fall in oil prices, which started on March 8 and continued through March 14. Fund managers' net long position has been...

  • March 20- Asset manager Fidelity International Ltd appointed Ewan Montgomery as portfolio manager, real estate, UK.

  • LONDON, March 20- Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging- in countries with large deficits and deep debt. The table below lists selected SWFs, using data compiled by Sarah Stone and Edwin Truman at the Peterson Institute for International...