Capital Markets Asset Management and Custody Banks

  • BOSTON/ SAN FRANCISCO, Aug 11- Some U.S. mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been marking up at a rate far greater than the broad stock market. Mutual funds' involvement also helped boost the number of so-called unicorns- private companies valued at $1 billion or more.

  • TUESDAY, AUGUST 16 KNOXVILLE, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference- 1700 GMT.

  • The so-called "weighted average maturity" of securities held in prime funds aimed at institutional investors stood at 16 days as of Aug. 9, said iMoneyNet, the lowest since at least 1991. The latest SEC rules aim to make the prime funds safer after the category ran into trouble during the financial crisis, such as by allowing them to let their net asset values vary...

  • NEW YORK, Aug 10- A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon's $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas belongs there. Supreme Court Justice Cynthia Kern in Manhattan wrote that...

  • Costantini, president of asset management and real estate firm Consultatio, has made a name for himself in recent decades with luxurious residential mega-projects, such as the massive Nordelta community north of Buenos Aires. In an interview on Tuesday as part of a Reuters Summit event on Argentina, he said a high-end real estate recovery that began with an...

  • *Zambia copper output rises 8 pct in first half. MELBOURNE, Aug 10- London zinc rallied to the highest in nearly 15 months on Wednesday as the dollar eased and risk appetite focused on zinc, which has rallied on bets a shortage of mine supply will curb output of refined metal. "The trigger is the dollar," said analyst Dominic Schnider of UBS Wealth Management in Hong Kong.

  • SHANGHAI, Aug 10- China shares dipped on Wednesday, with property shares falling sharply as investors took profits from six days of gains. The checks by China's banking regulator will cover a wide range of business areas including deposits, lending, bills and wealth management, the National Business Daily reported on Wednesday. Separately, Caixin reported that...

  • TUESDAY, AUGUST 16 KNOXVILLE- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference hosted by the WFA Center for Finance and...

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. In the Massachusetts Institute of Technology complaint, Fidelity Chief Executive Officer Abigail Johnson is...

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. The $3.5 billion MIT plan is accused of hiring Boston- based Fidelity as record keeper without competitive...

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. In the Massachusetts Institute of Technology complaint, Fidelity Chief Executive Officer Abigail Johnson is...

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. In the Massachusetts Institute of Technology complaint, Fidelity Chief Executive Officer Abigail Johnson is...

  • TUESDAY, AUGUST 16 KNOXVILLE- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference hosted by the WFA Center for Finance and...

  • BOSTON, Aug 8- Hedge funds, known for their big bets, fees and pay packages, are on track to shrink this year as disappointing returns have forced an increasing number to shut down, Barclays said in a report released on Monday. Research firm Hedge Fund Research, in a monthly report released on Friday, counted a total of 10,007 hedge funds worldwide in July.

  • LONDON, Aug 8- Benchmark crude prices have risen almost 8 percent since early last week in what has all the hallmarks of a short-covering rally. Brent futures for October have risen by more than $3 per barrel from a low of $41.80 on Aug. 2 to over $45 in trading earlier on Monday. WTI futures for October delivery have risen by $3 per barrel over the same period from...

  • LONDON, Aug 8- Benchmark crude prices have risen almost 8 percent since early last week in what has all the hallmarks of a short-covering rally. Brent futures for October have risen by more than $4 per barrel from a low of $41.80 on Aug. 2 to over $45 in trading earlier on Monday. WTI futures for October delivery have risen by $3 per barrel over the same period from...

  • TUESDAY, AUGUST 16 KNOXVILLE- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference hosted by the WFA Center for Finance and...

  • *Takes writedown of 352 mln euros on Korea unit sale. Allianz's quarterly net profit of 1.1 billion euros was below the lowest forecast of 1.4 billion euros in a Reuters poll, whose average was 1.5 billion, and down nearly half from the year-earlier quarter. The insurer's shares were down 4.2 percent at 123 euros by 1008 GMT, making it the biggest decliner in...

  • LONDON, Aug 5- Switzerland's private bankers fear cash-strapped Latin American countries pursuing billions of dollars in unpaid taxes will push the region's wealthy to pull cash from their Swiss bank accounts. For these banks, still recovering from European and U.S. clients withdrawing tens of billions of dollars following a post-financial crisis...

  • SAN FRANCISCO/ NEW YORK, Aug 4- For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The funds, which guarantee retirement benefits for...