Capital Markets Asset Management and Custody Banks

  • BOSTON, Sept 14- An activist investor said on Wednesday it is "inevitable" that Wells Fargo& Co will face critical shareholder resolutions after the bank agreed to a $190 million settlement with regulators over fake consumer accounts. Tim Smith, who leads shareholder engagement efforts at Walden Asset Management in Boston, said his firm is talking with...

  • FLORIANOPOLIS, Brazil, Sept 13- Petros Fundação Petrobras de Seguridade Social, Brazil's No. 2 pension fund, expects to approve a deficit-cutting plan before the end of the year and revamp corporate governance practices following years of failed investments, Chief Executive Officer Walter Mendes said on Tuesday. Petros, which has more than 159,000 members,...

  • NEW YORK, Sept 13- More financial executives are decamping to Florida for lower taxes, real estate investor Barry Sternlicht said on Tuesday, revealing that he is one of those who recently made the move. "There's a massive exodus from Connecticut," Sternlicht said, naming himself and billionaire hedge fund manager Paul Tudor Jones as the most high-profile recent...

  • TOKYO, Sept 14- The long-term decline in global bond yields is over and investors are watching out for a likely fiscal expansion in the world's major economies where monetary stimulus has reached its limits, Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday. Over the past week, long-term interest rates in Japan, Europe, and the...

  • Making money in asset management,

    Dawn Fitzpatrick, UBS Asset Management, discusses the current market environment for asset management, with CNBC's David Faber and Sara Eisen at the Delivering Alpha Conference.

  • NEW YORK, Sept 13- U.S. "It's bad behavior they were correct to take action against," Lew said at the CNBC Institutional Investor Delivering Alpha Conference in New York. Last week, the U.S. Consumer Financial Protection Bureau and two other regulators fined Wells Fargo $185 million for creating more than two million fake accounts for products such as credit and...

  • LONDON, Sept 12- Hedge funds tempered their bullishness towards the entire petroleum complex during the first week of September, according to positioning data from regulators and exchanges. Hedge funds and other money managers cut their combined net long position in the three major Brent and WTI futures and options contracts by 80 million barrels in the week...

  • TORONTO, Sept 12- HSBC's retail banking and wealth management head John Flint expects banks to partner more with financial technology companies in the coming years to help meet changing demands from customers. "I think there's an awful lot of scope for collaboration," Flint said in an interview at the Toronto Global Forum on Monday. The HSBC executive said that,...

  • NEW YORK, Sept 12- A team of seven financial advisers that managed $2.2 billion at Morgan Stanley left the Wall Street brokerage to launch their own wealth management group, one of the largest number of people to break away from a big firm in recent months. The Wichita, Kansas- based group, which was known as the Kirk Bahm Group at Morgan Stanley, decamped to open 6...

  • *Shares down 3 pct at 13.24 euros at 1320 GMT. FRANKFURT, Sept 12- Deutsche Bank has no plans to sell its asset management business, its chief executive said in a letter to employees in which he called for them to focus on solving the German lender's problems. Deutsche's shares were down 3.0 percent at 13.24 euros at 1320 GMT, underperforming in a weaker market.

  • LONDON, Sept 12- Hedge funds tempered their bullishness towards the entire petroleum complex during the first week of September, according to positioning data from regulators and exchanges. Hedge funds and other money managers cut their combined net long position in the three major Brent and WTI futures and options contracts by 80 million barrels in the week...

  • Sept 12- Solar panel installer SolarCity Corp, which is being bought by Tesla Motors Inc for $2.6 billion, said on Monday it had raised $305 million to fund its projects. A private investment fund affiliated with Quantum Strategic Partners Ltd provided the equity investment, the company said. The fund was advised by Soros Fund Management LLC.

  • TOKYO/ HONG KONG, Sept 12- As bond yields across markets hit multi-month highs for a second session on Monday, global investors were harshly reminded that central banks may be out of both ammunition and ideas to stimulate economies- eight years after the global financial crisis provoked an unprecedented flood of central bank liquidity to keep markets afloat.

  • MEDIA-HEDGE FUND BRIDGEWATER DRAWS $22.5 BLN AS OPENS TO NEW.

  • Sept 9- Bond fund manager Bill Gross on Friday said Pacific Investment Management Co and its lawyers should be punished for unfairly impeding him from pursuing his $200 million lawsuit against the asset management firm, which he co-founded. In a court filing, Gross accused Pimco of "willful and bad-faith obstruction" of his efforts to gather evidence to which he...

  • NEW YORK, Sept 7- The man who since 2008 has run BlackRock Inc's quasi-consulting arm for governments, regulators and massive financial firms plans to leave the company next year, according to an internal memo. "FMA has not only become a thriving business, it has contributed to BlackRock's reputation in a way that truly sets us apart from other asset managers," said...

  • *Bank reviewing asset sales to boost capital. MILAN, Sept 7- Italy's largest bank UniCredit is seeking a strategic partner for its asset management business Pioneer, as part of a plan to bolster its capital base, several sources close to the matter said on Wednesday. UniCredit in July ended long-running negotiations to merge Pioneer with Santander's asset...

  • SHANGHAI/ HONG KONG, Sept 7- Societe Generale is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, according to people familiar with the matter. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint...

  • LONDON, Sept 7- The backgrounds of the leaders of the world's top mining companies illustrate the choice facing investors, with BHP Billiton's chief executive having worked in the oil industry and Rio Tinto's new boss more focused on copper. French-born Jean-Sebastien Jacques has led Rio only since July, while his counterpart at BHP, Scotsman Andrew Mackenzie,...

  • NEW YORK, Sept 6- BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, U.S. Securities and Exchange Commission officials said on Tuesday. The SEC last year proposed a requirement that all U.S. mutual funds and exchange-traded funds step up planning to ensure liquidity, though the rules have...