Capital Markets Asset Management and Custody Banks

More

  • LONDON, March 9- European shares rose on Wednesday as firmer banking, telecom and consumer goods stocks propped up the region's equity markets, in spite of lingering signs of global economic weakness. However, Hampstead Capital hedge fund manager Lex Van Dam said expectations of more monetary stimulus measures from the European Central Bank on Thursday were...

  • The outlook for asset management

    Mike Wells, CEO of Prudential, says the U.K. asset management space is becoming more competitive and comments on the trend of 'robo-advisors.'

  • Hedge fund sales desks at four of Wall Street's biggest banks told Reuters that many U.S. players had made money betting against China by the time Beijing took aggressive steps to prop up the currency in early January. That has left in place chiefly "tail risk" funds like Mark Hart's Texas- based Corriente Partners or Kyle Bass, who have suggested China would have to...

  • NEW YORK, March 8- State Street Corp's asset management unit on Tuesday launched a new exchange-traded fund that intends to focus on shares of U.S. companies that have more women in top-level management jobs and on corporate boards. Yet women hold just 4 percent of chief executive jobs at S&P 500 companies and one-fifth of the board seats, despite forming half of...

  • NEW YORK, March 7- The average hedge fund posted tiny gains last month to beat the broader stock market index, according to new data released on Monday. Research firm Hedge Fund Research's Hedge Fund Weighted Composite Index inched up 0.5 percent in February after having dropped 2.46 percent. Some activists, including William Ackman's Pershing Square Capital...

  • *Valeant jumps as investors hope for positive news. March 7- The Dow Jones industrial average and the S&P 500 index closed higher on Monday as a spike in energy shares offset sharp declines in large-cap technology names, which dragged down the Nasdaq. People were far too pessimistic, "said John Manley, chief equity strategist at Wells Fargo Funds Management in New...

  • March 7- Hedge fund Visium Asset Management LP is being investigated by the U.S. Justice Department and the Securities and Exchange Commission over trading and valuation issues, according to a letter seen by Reuters. Visium, which invests roughly $7 billion in assets, told employees and clients on Monday that the officials are reviewing how the New York- based...

  • March 7- Major U.S. stock indexes were mixed in late Monday trading as a spike in energy shares offset sharp declines in large-cap technology names. "Oil is stabilizing and that is helping to bolster sentiment in overall equity returns," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

  • March 7- Visium Asset Management LP, a hedge fund firm that manages more than $8 billion, is being investigated by the Justice Department and the Securities and Exchange Commission over trading and valuation issues, according to a letter seen by Reuters. The company's managing partner, Jacob Gottlieb, wrote in a letter to clients dated March 7 that the government...

  • Brent crude was above $40 a barrel, its highest since early December. "Oil is stabilizing and that is helping to bolster sentiment in overall equity returns," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

  • *System aims to compete with Bloomberg and Thomson Reuters. LONDON, March 7- Symphony, the WhatsApp for the financial world, will significantly increase its user base this year at major institutions including a top asset manager, shareholder Goldman Sachs said on Monday. "On Symphony, we are already deploying it a lot internally, so are other banks," Goldman Managing...

  • March 7- The S&P 500 and the Nasdaq were lower on Monday as declines in technology shares outweighed gains in energy and materials stocks. "Equities are in somewhat of a pause mode this morning following a performance last week that was largely an unexpected surprise," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

  • LONDON, March 7- Hedge funds have switched from a very bearish view on crude oil prices at the end of last year to a much more bullish one, especially for Brent. Such funds and other money managers had amassed a combined net long position in the three main contracts on NYMEX and ICE amounting to 445 million barrels of crude by March 1. The combined net long position has...

  • March 7- BlackRock Inc said on Monday it had resumed issuing shares in its physically backed gold exchange traded fund after it was suspended on Friday amid high demand. iShares Gold Trust has registered additional shares with the Securities and Exchange Commission, BlackRock said. IAU's assets under management have surged by $1.4 billion to $8 billion since...

  • *Old Mutual to update on strategic review on March 11. Sky News reported on Saturday the 9 billion pound company was working on a plan to split itself up and that this could trigger a takeover battle for its operations which include banking, insurance and asset management. Private equity firms Cinven and Warburg Pincus have tabled a multi-billion pound joint...

  • NEW YORK, March 4- BlackRock Inc said on Friday it had suspended the issuing of shares in its physically backed gold exchange traded product due to a historic surge in buying as global economic uncertainty rekindled bullion's safe-haven appeal among investors. Interest in Sprott Management Asset's gold-backed trust has also risen but is not in danger of...

  • BOSTON/ NEW YORK, March 4- T. Rowe Price Group Inc plans to vote against key directors at companies with two classes of shares in the upcoming U.S. corporate annual meeting season, as the big asset manager steps up its push against companies that give extra voting clout to insiders. Meanwhile, Rupert Murdoch maintains his influence at Twenty-First Century Fox Inc...

  • BOSTON, March 3- Northern Trust Corporation is beefing up its alternative assets business by buying hedge fund of funds manager Aurora Investment Management, the trust bank said. The deal will unite Chicago based Aurora, which had been owned by Natixis Global Asset Management and oversees roughly $5.7 billion, with its cross-town neighbor, Northern Trust's 50...

  • March 3- Morgan Stanley said on Thursday it had raised $3.6 billion for its second infrastructure fund, North Haven Infrastructure Partners II, making it the latest Wall Street firm to target the sector. ArcLight Capital Partners last year closed a $5.6 billion fund focused on energy infrastructure investments and KKR& Co LP also closed a $3.1 billion fund.

  • LONDON, March 3- Hedge funds, whose speculating contributed to the pound's devaluation in 1992, have yet to make major bets on Britain leaving the European Union because few expect it to happen and most doubt a big payout from market moves around the June vote. "It's not a high-quality exposure to have on," said GAM portfolio manager Anthony Lawler in London, who...