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Capital Markets Asset Management and Custody Banks

  • Tony Wilkey quits as Asia head, replaced by Nic Nicandrou. LONDON, May 18- British insurer Prudential reported a 25 percent rise in first-quarter new-business profits on Thursday, driven by a strong performance in Asia, and announced the appointment of a new chief financial officer in a management reshuffle. The company said in a statement before its annual...

  • LONDON, May 18- British insurer Prudential reported a 25 percent rise in first-quarter new business profits on Thursday, driven by a strong performance in Asia, and announced the appointment of a new chief financial officer in a management reshuffle. The company said in a statement ahead of its annual general meeting that the head of its Asian business, Tony...

  • It's not over for active fund managers: Man GLG

    Pierre Lagrange, senior adviser at Man Group, speaks about active and passive investment styles in relation to volatility.

  • LONDON, May 16- Anglo-South African financial services firm Old Mutual is selling 17 million shares in U.S. fund firm Old Mutual Asset Management, it said on Tuesday, cutting its minority stake in the firm by a further 15 percent. Old Mutual is selling 17.3 million shares in OMAM in a secondary offering at $14.55 per share, it said in a statement.

  • The logo for the Government Of Singapore Investment Corporation (GIC) is pictured in the company headquarters in Singapore

    Singapore sovereign fund GIC, which invested in UBS during the global financial crisis, said it cut its stake in the Swiss bank at a loss.

  • ZURICH, May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it has cut its stake in the Swiss bank at a loss, partly because of changes in the lender's strategy and business. GIC, which manages more than $100 billion globally, said it has reduced its stake to 2.7 percent from...

  • LONDON, May 15- Hedge funds had become increasingly bearish towards crude oil by the middle of last week, leaving them vulnerable to a short squeeze with OPEC's next meeting coming up on May 25. In fact, hedge fund positioning in crude is nearly identical to before the last OPEC meeting held on Nov. 29, which was followed by a fierce short-covering rally.

  • SAN FRANCISCO/ NEW YORK, May 15- Snap Inc jumped more than 8 percent on Monday in its second strongest day since the social media company's initial public offering, boosted by filings showing several institutional investors had owned its shares. Coatue Management LLC, Soros Fund Management LLC, Goldman Sachs Group Inc and Jana Partners LLC on Monday joined the...

  • ZURICH, May 15- Singapore sovereign wealth fund GIC Private Limited, which invested in UBS to support it during the 2008/ 09 global financial crisis, said it has cut its stake in the bank at a loss, partly because of changes in the lender's strategy and business. GIC, owned by the government of Singapore, was one of the first sovereign funds to pump billions into Western...

  • NEW YORK, May 15- Several big-name hedge fund investors trimmed their stakes in financial companies in the first quarter as hopes for immediate tax cuts and loosening of regulations after President Donald Trumps victory in November began to fade. Boston- based Adage Capital Management cut its position in Wells Fargo& Co, which has come under fire for its sales...

  • LONDON, May 15- Hedge funds had become increasingly bearish towards crude oil by the middle of last week, leaving them vulnerable to a short squeeze with OPEC's next meeting coming up on May 25. In fact, hedge fund positioning in crude is nearly identical to before the last OPEC meeting held on Nov. 29, which was followed by a fierce short-covering rally.

  • May 15- Canada Pension Plan Investment Board, the country's biggest public pension fund, said on Monday it would invest $500 million in a joint venture with Indian property developer IndoSpace. The joint venture, IndoSpace Core, will buy and develop logistics facilities in India, the companies said. The joint venture will buy 13 industrial and logistics parks...

  • NEW YORK/ BOSTON, May 12- Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb's Third Point and Daniel Och's Och-Ziff Capital Management, owned stakes in Snap Inc, parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The quarterly disclosures of asset manager stock holdings, in what are known...

  • NEW YORK/ BOSTON, May 12- Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb's Third Point and Daniel Och's Och-Ziff Capital Management, owned stakes in Snap Inc, parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The quarterly disclosures of asset manager stock holdings, in what are known...

  • BOSTON, May 12- BlackRock Inc said on Friday that it voted in favor of a successful shareholder proposal calling for more climate change reporting by Occidental Petroleum Corp, in the first sign the world's largest asset manager was backing up its tough new talk on environmental matters. "Todays historic vote puts the oil and gas industry on notice the climate is...

  • BOSTON, May 12- Hedge fund Passport Capital, which once grabbed headlines with triple digit returns, has been hit with fresh losses and its assets continue to shrink, the firm's founder told investors in a letter seen by Reuters on Friday. Assets at the San Francisco- based firm contracted to $2 billion at the end of April, half of what it had managed only a few years...

  • BOSTON, May 12- Asset manager BlackRock Inc on Friday said it voted in favor of a shareholder proposal calling on Occidental Petroleum to report on the impact climate change could have on the energy company's business, helping it to pass. An Occidental spokesman said via e-mail the shareholder resolution passed at the company's annual meeting, held in Houston,...

  • *Pimco achieves net inflows of 21 bln euros. FRANKFURT, May 12- German insurance group Allianz on Friday reported rising investment inflows at bond fund manager Pimco and stuck to its operating profit target for 2017.. Pimco had experienced several years of cash withdrawals in some of its main funds, including its flagship Pimco Total Return Fund.

  • May 11- Dow Chemical Co, which is merging with DuPont, said Chief Executive Andrew Liveris would retire as chairman of the combined DowDuPont company in July 2018. Liveris said in February 2016 he would retire by mid-2017, following a prolonged battle with hedge fund manager Daniel Loeb, who had been questioning his leadership. The investment plans include the...

  • May 11- Dow Chemical Co, which is merging with DuPont, said Chief Executive Andrew Liveris would retire as chairman of the combined DowDuPont company in July 2018. Liveris said in February 2016 he would retire by mid-2017, following a prolonged battle with hedge fund manager Daniel Loeb, who had been questioning his leadership. Dow also said on Thursday it would...