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Capital Markets Asset Management and Custody Banks

  • LONDON, Nov 2- A former fund manager at the London division of asset manager BlackRock Inc on Wednesday pleaded guilty to two counts of insider dealing in a London court. Mark Lyttleton, 45, admitted buying shares shortly before public announcements about EnCore Oil Plc and Cairn Energy after working on deals or on the basis of conversations with colleagues, the...

  • TOKYO, Nov 2- The U.S. presidential election is unlikely to be a major risk for financial markets as Congress is likely to put a brake on many policies, whoever wins, the fixed income chief investment officer of JPMorgan Asset Management said on Wednesday. Global financial markets were roiled by signs the U.S. presidential election race was tightening just days...

  • LONDON, Nov 2- A former fund manager at the London division of asset manager BlackRock Inc on Wednesday pleaded guilty to insider dealing in a London court. Mark Lyttleton was in September charged with three counts of insider dealing relating to trading in equities and a call option between October and December 2011. A spokesman for the Financial Conduct...

  • BOSTON, Nov 1- Billionaire hedge fund manager Daniel Loeb on Tuesday told clients that "idiosyncratic opportunities" have helped boost returns this year as a string of constant surprises has shaped markets, adding that more may be in store. With next week's U.S. presidential election looming large, Loeb's Third Point hedge fund wrote to clients in a letter seen by...

  • OTTAWA/ TORONTO, Nov 1- The Canadian government will set up an infrastructure bank and give it access to C $35 billion to help fund major projects that might otherwise not get built, Finance Minister Bill Morneau said on Tuesday. Morneau told the House of Commons that the proposed bank- which Ottawa hopes will be up and running next year- would attract as much as C $4 to...

  • OTTAWA, Nov 1- The Canadian government will set up an infrastructure bank and give it access to C $35 billion to help fund major projects that might otherwise not get built, Finance Minister Bill Morneau said on Tuesday. Morneau told the House of Commons that the proposed bank- which Ottawa hopes will be up and running next year- would attract as much as C $4 to C $5 in...

  • BOSTON/ LOS ANGELES, Nov 1- Two smaller investors called on Tuesday for replacing Chipotle Mexican Grill Inc Chairman Steve Ells with an independent director, signaling more pressure only weeks after prominent activist William Ackman took a stake in the burrito chain. Amalgamated Bank and CtW Investment Group, which works with union-sponsored pension funds...

  • SYDNEY, Nov 1- Australia's increasingly protectionist stance is dissuading Chinese and other foreign investors from bidding in major asset sales, political and corporate advisers say, potentially reducing competition and hurting prices. The New South Wales state government's decision last month to accept a $12.5 billion offer from local pension funds...

  • SYDNEY/ SINGAPORE, Oct 31- DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets- part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia, will be sold for around S $110 million, in a...

  • NEW YORK, Oct 31- Wealthfront, one of the first and biggest online investment platforms referred to as "robo-advisors," announced on Monday that founder Andy Rachleff would return to the top job of chief executive officer. Nash, an early Wealthfront client and supporter, joined the robo-advisor from the Silicon Valley venture capital firm Greylock Partners.

  • NEW YORK, Oct 31- Wealthfront, one of the first and biggest online investment platforms referred to as "robo-advisors," announced on Monday that founder Andy Rachleff would return to the top job of chief executive officer. Nash, an early Wealthfront client and supporter, joined the robo-advisor from the Silicon Valley venture capital firm Greylock Partners.

  • BOSTON, Oct 31- Lee Hennessee-Gradante, a pioneer who helped create an index to track the secretive hedge fund industry, died on Saturday. Hennessee-Gradante, 64, was found dead in her apartment in West Palm Beach, Florida, West Palm Beach Police Department spokeswoman Lori Colombino. Together with her husband, Charles Gradante, she ran New York- based Hennessee...

  • SYDNEY/ SINGAPORE, Oct 31- DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets- part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia, will be sold for around S $110 million, in a...

  • DBS keen to build up Asia wealth business. SYDNEY/ SINGAPORE, Oct 31- DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets- part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia,...

  • NEW YORK, Oct 28- Asset manager Apollo Global Management LLC reported stronger-than-expected third-quarter earnings on Friday as sturdy financial markets buoyed its credit and buyout investments. Economic net income, a key measure for U.S. private equity firms that accounts for unrealized investment gains or losses, totalled $230.8 million after taxes,...

  • BOSTON/ LOS ANGELES, Oct 27- Chipotle Mexican Grill Inc has turned to high-profile investment bankers and lawyers to help defend against activist investor William Ackman, according to two people familiar with the matter on Thursday. Investment banks Goldman Sachs Group Inc and Morgan Stanley, as well as law firm Wachtell, Lipton, Rosen& Katz LLP, are now working...

  • *Comcast falls on PT cuts from Deutsche, Barclays. Oct 27- The S&P 500 and the Dow were back in positive territory as healthcare stocks outdid a drag from consumer discretionary stocks. Still it is not very robust, "said Michael Scanlon, managing director of Manulife Asset Management.

  • *Comcast falls on PT cuts from Deutsche, Barclays. Oct 27- U.S. stocks reversed course late Thursday morning as weak results from several industrial and consumer discretionary companies eclipsed gains from healthcare stocks. Still it is not very robust, "said Michael Scanlon, managing director of Manulife Asset Management.

  • Oct 27- Financial advisory and asset management firm Lazard Ltd's quarterly profit tumbled 71.8 percent as costs rose. Net income attributable to Lazard fell to $112.54 million in the third quarter ended Sept. 30 from $398.52 million a year earlier. Earnings per share fell to 85 cents from $2.99.

  • Oct 26- Morgan Stanley said on Wednesday it would allow its wealth management clients to choose the way they pay the firm for retirement accounts covered by a new fiduciary rule. The Department of Labor rule, announced in April, sets a standard for brokers who sell retirement products and requires them to put clients' best interests ahead of their own bottom line.