Capital Markets Asset Management and Custody Banks

  • May 19- Canada Pension Plan Investment Board's Chief Executive of four years, Mark Wiseman, is leaving the pension fund, National Post said, citing sources. Wiseman, who assumed the role of president and CEO in July 2012, is leaving the fund for another position, National Post said, citing a source. CPPIB told Reuters it couldn't immediately comment on the report but...

  • *Julius Baer shares lag banking index. ZURICH, May 19- Swiss private bank Julius Baer's net inflows of client cash at the start of 2016 were below target, bucking the trend at larger rivals UBS and Credit Suisse. Switzerland's third-largest listed bank said on Thursday assets under management rose 2 percent to a record 305 billion Swiss francs in the first four...

  • LONDON, May 19- A top investor in German chemicals company Bayer said he was "deeply concerned" about a potential acquisition of U.S. rival Monsanto, and would prefer the firms to agree a joint venture or a nil-premium merger. Maximillian Anderl, a fund manager at UBS Global Asset Management, said he was surprised by Bayer's unsolicited takeover approach given the...

  • HONG KONG, May 19- The world's biggest investors are divided over whether MSCI will decide next month to include China- listed shares in a key global benchmark, with many harboring concerns over the country's handling of last summer's rout and lack of full-market access. New York- based index provider MSCI will announce on June 14 whether it will add...

  • TORONTO, May 18- Canada's main stock index retreated on Wednesday as mining and energy stocks fell, pressured by lower commodity prices after the U.S. The market got too complacent about the prospect of a Fed rate hike, said Steve Belisle, senior portfolio manager at Manulife Asset Management, who expects financial stocks to outperform some other sectors,...

  • NEW YORK, May 18- William Strong has left Mason Hill Advisors, the hedge fund firm he founded in 1986, according to a filing with the U.S. Securities and Exchange Commission. Mason Hill is best known for its Equinox Partners hedge funds, which invest in securities from around the world. Mason Hill managed $968.3 million in assets as of Dec. 31, according to the SEC...

  • Sometimes called side-by-side management, the practice of having the same managers running mutual funds as well as hedge funds has attracted concern over potential conflicts of interest, as well as increased scrutiny and regulation from the Securities and Exchange Commission. As part of an effort to address this and other concerns, the SEC in 2005 put in...

  • With the U.S. farm sector drowning in supplies that have depressed crop prices, the Ohio- based agribusiness said it was better off remaining a "standalone entity" than selling to the holding company run by former hedge fund manager Philip Falcone. HC2's takeover offers "represent an opportunistic attempt to acquire the company at a low point in the industry...

  • NEW YORK, May 18- The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. Richard Breeden, special master of the Madoff Victim Fund, said in an update on his website this week that his office was "substantially"...

  • BOSTON, May 18- Boaz Weinstein's hedge fund Saba Capital has been pulling in new money this year even as many rival investors are being asked to return cash to their clients. An anchor investor wrote a $70 million check in February while other clients have put in $20 million, the person said. To be sure Saba's assets are still far below its roughly $6 billion peak,...

  • NEW YORK, May 18- Andersons Inc, an Ohio- based grain merchant set up about 70 years ago as a truck terminal, has rejected a $1 billion hostile takeover bid from HC2 Holdings Inc, a company run by former hedge fund manager Philip Falcone. It also has stakes in four ethanol plants which it manages in Michigan, Indiana, Ohio, and Iowa; leases and manages a fleet of more than...

  • LONDON, May 18- Asset managers do not need new safeguards at this point to cope with a decline in liquidity that has contributed to sharp swings in bond markets, a senior European Union regulator said. Steven Maijoor, chairman of the European Union's European Securities and Markets Authority, said the structure of bond markets had changed due to technology...

  • Former hedge fund manager Phil Falcone

    Andersons on Wednesday rejected a $1 billion all-cash offer from HC2 Holdings, a company run by former hedge fund manager Philip Falcone.

  • SHANGHAI, May 18- China is stepping up its crackdown on risky shadow banking with plans to rein in explosive growth of fund houses' subsidiaries- a $1.5 trillion business widely used by banks to move their loans off balance sheet to skirt regulatory oversight. The Asset Management Association of China will raise the thresholds for fund houses to establish...

  • SHANGHAI, May 18- China plans to tighten supervision over fund houses' subsidiaries and rein in the expansion of a sector worth nearly 10 trillion yuan as regulators target a key channel for so-called shadow banking to contain financial risks, according to a copy of the draft rules seen by Reuters. The Asset Management Association of China will set thresholds...

  • May 17- HC2 Holdings Inc, a company run by former hedge fund manager Philip Falcone, said on Tuesday it has made a bid to buy U.S. grain handler Andersons Inc for about $1 billion in cash. "As a public company, we like where we're at," CEO Patrick Bowe said in an interview. HC2's offer of $37 per share represents a 42 percent premium to Andersons' closing price on Tuesday.

  • SAN FRANCISCO, May 16- The board of the California Public Employees' Retirement System on Monday shortened the timeline for the completion of a study examining its 16- year-old decision to divest from tobacco. Calpers spokesman Joe DeAnda said the board will likely make an investment decision upon completion of the study but stressed that the review "is in no...

  • NEW YORK, May 16- Former SAC executive Gabe Plotkin's Melvin Capital took a new position in streaming video service Netflix Inc, buying 950,000 shares and a call option for 1.45 million shares, according to regulatory filings on Monday. Melvin Capital also took a new position in Home Depot Inc, buying 475,000 shares. And Passport Capital added 3.3 million Yahoo...

  • NEW YORK, May 16- Former SAC executive Gabe Plotkin's Melvin Capital took a new position in streaming video service Netflix Inc, buying 950,000 shares and a call option for 1.45 million shares, according to regulatory filings on Monday. Melvin Capital also took a new position in Home Depot Inc, buying 475,000 shares. And Passport Capital added 3.3 million Yahoo...

  • May 16- UBS Group AG's Americas wealth unit is partnering with online financial advisor SigFig Wealth Management to develop technology and investment tools for the Swiss bank, UBS said on Monday. The Americas wealth unit, which has around 7,000 financial advisors, had net inflows of $13.6 billion during the first quarter. UBS started exploring ways it could...