Capital Markets Asset Management and Custody Banks

  • LONDON, July 11- Aberdeen Asset Management said on Monday it is to keep the suspension on its 3.2 billion pound UK property fund in place for two more days. While Aberdeen is in a position to lift the suspension now "we believe it is appropriate to allow a further two days for remaining investors to be contacted," so they are all treated fairly, Chief Executive Martin...

  • ABERDEEN ASSET MANAGEMENT TO KEEP SUSPENSION OF 3.2 BLN STG UK PROPERTY FUND IN PLACE FOR TWO MORE DAYS.

  • NEW YORK, July 11- Big U.S. banks looking to wealth management to shore up their profits may have to wait for another year according to analysts, who expect market volatility to keep the business subdued throughout 2016.. Now, as banks kick off second-quarter reporting this week, analysts expect more weakness this year, citing uncertainty related to Britain's...

  • *Chinese investors buying Hong Kong stocks. SHANGHAI, July 11- Chinese investors are placing increasing bets on Hong Kong stocks, partly in search of a safe haven from the decline in the yuan, which fell last week to its lowest levels against the dollar since 2010.. Shares priced in Hong Kong dollars provide a hedge against a falling yuan- so long as the shares at least...

  • LONDON, July 7- Commercial real estate has hit the headlines this week, a victim of the recent Brexit vote which has left over $20 billion trapped in funds that not long ago promised investors a slice of London's red-hot property market. Money placed in real estate vehicles managed by big asset management firms such as Standard Life and Henderson may have yielded...

  • July 7- Uber Technologies Inc. has secured a $1.15 billion leveraged loan, a person familiar with the matter said on Thursday, the latest capital infusion for the well-financed ride-hailing company. The Wall Street Journal first reported the amount of the loan on Thursday. The loan comes a month after the company closed a $3.5 billion funding raise from Saudi...

  • NEW YORK, July 7- U.S. hedge fund Moore Capital Management has fired a portfolio manager a day after a media report of a raucous party he threw at a rented mansion in the Hamptons, New York's summer playground for the rich and famous. Brett Barna had been employed for 6-1/ 2 years at Moore Capital, the $15 billion hedge fund run by billionaire Louis Bacon.

  • BOSTON, July 7- A United Nations- supported group that works to advance principles of responsible investing will create a process to remove members after complaints that some large asset managers do little to press for reforms in areas such as climate change, its top official said. Fiona Reynolds, managing director of Principles for Responsible Investment,...

  • LONDON, July 7- Commercial real estate has hit the headlines this week, a victim of the recent Brexit vote which has left over $20 billion trapped in funds that not long ago promised investors a slice of London's red-hot property market. Money placed in real estate vehicles managed by big asset management firms such as Standard Life and Henderson may have yielded...

  • *Aberdeen extends 24- hour fund suspension to next week. LONDON, July 7- Four fund managers cut the value of their UK property funds and a fifth extended a 24- hour trading suspension on Thursday, as the industry seeks to stem a tide of redemption requests since Britain's vote to leave the European Union. In recent years Britain's commercial property market has...

  • LONDON, July 7- Investment manager Kames has made a further 5 percent cut in the pricing of its 409 million pound UK property funds, it said on Thursday, bringing the total cut in pricing to 10 percent since Britain voted last month to leave the European Union. The additional pricing cut to the Kames Property Income and Kames Property Income Feeder funds was due to...

  • *Aberdeen extends 24- hour fund suspension to next week. LONDON, July 7- Three fund managers said on Thursday they had cut the value of their UK property funds and a fourth extended a 24- hour trading suspension, as the industry seeks to stem a tide of redemption requests since Britain's vote to leave the European Union. Two UK property funds aimed at retail...

  • LONDON, July 7- Aberdeen Asset management extended the suspension period for its 3.2 billion pound Aberdeen UK Property Fund to Monday July 11, it said on Thursday. "Investors who placed trades yesterday have asked for more time to consider whether to withdraw their redemptions," Aberdeen chief executive Martin Gilbert said in a statement.

  • ABERDEEN ASSET MANAGEMENT EXTENDS SUSPENSION PERIOD FOR ABERDEEN UK PROPERTY FUND TO MONDAY JULY 11.

  • ABERDEEN ASSET MANAGEMENT CEO MARTIN GILBERT SAYS "INVESTORS WHO PLACED TRADES YESTERDAY HAVE ASKED FOR MORE TIME TO CONSIDER WHETHER TO WITHDRAW THEIR REDEMPTIONS".

  • Real Estate investment trusts.

    Legal & General Investment Management (LGIM) has announced that it has cut the value of its £2.3 billion U.K. property fund by a further 10 percent.

  • LONDON, July 7- The F&C UK Property Fund, run by BMO Global Asset Management, has cut the price of units in its fund by five percent as a result of increased redemption requests after Britain's vote to leave the European Union. The 305 million pound retail-focused fund has also moved to weekly valuations from monthly and to bid-pricing, which gives investors...

  • SAO PAULO, July 6- Latin American stocks fell on Wednesday as traders continued to fret about Britain's decision to leave the European Union. Financial market volatility stemming from Britain's June 23 referendum raised worries about global financial stability, putting central banks on alert. Mexico's benchmark IPC stock index fell for a third straight day...

  • UK real estate investment fund barring redemptions

    CNBC's Kate Kelly reports on how Brexit market turmoil is forcing some British asset managers to halt withdrawals from their real estate funds.

  • TORONTO, July 6- Canada's biggest pension funds are prepared to finance the construction of major new federal government infrastructure projects, according to senior fund sources, marking a shift from their traditional strategy of avoiding development risk. Officials with the top funds, which manage C $1.1 trillion in assets, are seeking to reduce that risk,...