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Capital Markets Asset Management and Custody Banks

  • MILAN, Nov 11- Italian bank UniCredit has received four binding offers for its asset manager Pioneer, valuing the business at more than 3 billion euros, two sources close to the matter said on Friday. The offers came from a consortium led by Italy's post office, France's Amundi, Australia's Macquarie and U.S.-based Ameriprise Financial, the sources said.

  • *Strong start for CEO Manny Roman; Allianz beats forecasts. LONDON, Nov 11- Pacific Investment Management Co's new boss Manny Roman, who joined last week from British hedge fund firm Man Group, has a steadier platform to rebuild it from after the California- based firm finally stemmed an outflow of client money. Much of these outflows followed the high-profile and...

  • LONDON, Nov 11- Europe's largest insurer Allianz signaled it might return cash to shareholders after reporting forecast-beating quarterly earnings on Friday and the first positive flows into U.S. bond fund manager Pimco in over three years. "The most positive news... is that asset management and in particular Pimco has stopped net outflows," DZ Bank analyst...

  • MILAN, Nov 10- A consortium led by Poste Italiane that includes asset gatherer Anima Holding and Italian state lender Cassa Depositi e Prestiti said it submitted an offer on Thursday to buy UniCredit's asset manager Pioneer. Pioneer is Europe's sixth-largest asset gatherer and has assets under management of around 225 billion euros. Sources have said four...

  • TOKYO, Nov 10- Dan Fuss, one of the world's longest-serving fund managers, said on Thursday that he had revised up his forecast of U.S. government bond yields next year after Donald Trump was elected the next president. I was at 2-1/ 4 to 2-1/ 2 before the election, "Fuss, vice chairman of Loomis Sayles, told Reuters. The yield had fallen to its record low of 1.321 percent just...

  • NEW YORK, Nov 9- As Wall Street's wealth management firms scramble to comply with a new U.S. Department of Labor rule, JPMorgan Chase& Co said on Wednesday it will stop offering commissions-paying retirement accounts. Starting in April, clients of Chase Wealth Management, Private Bank and J.P. Morgan Securities have two options: they can either chose to pay a...

  • TOKYO/ LONDON, Nov 9- Hedge fund closures globally are likely to outpace launches this year for the first time in more than 16 years' of data, a leading market data tracker said on Wednesday. High-profile closures in the year to end-September include Chesapeake Partners and Perry Capital. The preliminary nine-month roll-call of closures stood at around 566,...

  • NEW YORK, Nov 9- U.S. stock index futures sank in the overnight session into Wednesday as a market that had been expecting a victory by Democrat Hillary Clinton scrambled to adjust to an upset win by Republican Donald Trump. "His victory speech helped turn markets a bit," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee...

  • ZURICH, Nov 9- Swiss Life reaffirmed its financial targets for this year on Wednesday despite reporting an 8.4 percent fall in premiums in the first nine months to 13.355 billion Swiss francs, as the performance of its asset management business improved. Fee and commission income jumped 5 percent to 974 million francs, while direct investment income remained...

  • SINGAPORE, Nov 8- ARA Asset Management Ltd's founder is teaming up with private-equity firm Warburg Pincus and other investors to buy out the Singapore- listed real estate fund manager in a deal that values the company at $1.28 billion. Trading in ARA, which manages S $30 billion in Asian property assets and has a market value of about $1.1 billion, has been halted...

  • LONDON, Nov 7- Hedge funds and other money managers have reduced bullish bets on crude oil amid reported differences among OPEC members about how to implement their recently agreed output ceiling. The production accord left crucial details unresolved, including how the output ceiling of 32.5-33.0 million barrels per day would be shared among OPEC members.

  • More than 20 fund managers have left the fund's Investment Management organisation this year, said a source with direct knowledge of the matter, with several saying they were worried about the impact the relocation of the NPS headquarters from Seoul will have on their careers and personal lives. Members of Parliament have expressed concern over the brain...

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. Reuters reported exclusively last month that BC Partners was in the pole position to acquire the portfolio.

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. CenturyLink, which operates data centers that provide broadband, voice, video, data and managed services in North America, Europe...

  • Nov 4- Telecom company CenturyLink Inc said it would sell its data centers and colocation business to a group of funds for $2.15 billion in cash and a minority stake to be valued at $150 million in the consortium's global secure infrastructure company. The consortium includes funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management.

  • NEW YORK, Nov 4- Tensions between Ultratech, Inc and one of its largest shareholders got so high that by the spring, the chief executive was calling the investor a "cockroach" and refusing to meet with him. T. Rowe Price, historically the most outspoken of the big active managers, is currently pushing Oracle Corp to improve its $9.3 billion offer for cloud storage...

  • HONG KONG, Nov 4- In the checkered history of foreign-sino joint ventures, Deutsche Bank's 30 percent stake in Beijing- based Harvest Fund Management has proven a savvy investment- and may provide the German bank with a cushion as it faces a big penalty for allegedly misselling mortgage-backed securities in the United States. Established in 1999 and with around...

  • SINGAPORE, Nov 4- The founder of ARA Asset Management Ltd, which manages S $30 billion in Asian property assets, is teaming up with Warburg Pincus and other investors to buy out the real estate fund manager, sources familiar with the matter said on Friday. ARA Group's CEO and founder John Lim, who owns 19 percent of the company, is leading the buyout, said the sources, who...

  • NEW YORK, Nov 4- Tensions between Ultratech, Inc and one of its largest shareholders got so high that by the spring, the chief executive was calling the investor a "cockroach" and refusing to meet with him. T. Rowe Price, historically the most outspoken of the big active managers, is currently pushing Oracle Corp to improve its $9.3 billion offer for cloud storage...

  • SYDNEY, Nov 4- Insolvent Australian industrial group Arrium Ltd's U.S. based Moly-Cop division has been sold to private equity firm American Industrial Partners for $1.23 billion, two sources close to the deal said, ending a drawn out sale process. Moly-Cop, which makes steel balls to grind ore and operates mostly in the United States and Latin America, also...