Capital Markets Asset Management and Custody Banks

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  • NEW YORK, Jan 29- The activist investor targeting NorthStar Asset Management Group has nominated six directors to the company's board, according to a letter reviewed by Reuters, in a move that could prompt a proxy fight if the two sides fail to reach an agreement. Land and Buildings, the real estate-focused activist hedge fund run by former Citigroup analyst...

  • Virtus misses 4Q profit forecasts Friday, 29 Jan 2016 | 7:49 AM ET

    HARTFORD, Conn. _ Virtus Investment Partners Inc. on Friday reported fourth-quarter net income of $6.6 million. On a per-share basis, the Hartford, Connecticut- based company said it had net income of 76 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

  • SHANGHAI, Jan 29- Chinese companies may be forced to sell at least $12 billion in shares in coming weeks to meet margin calls, dealing a further blow to stock markets which have already seen some $2 trillion in value wiped out so far this year. "Over half of all listed companies in China have their shares pledged, so if the market falls further, this issue could become a...

  • BEIJING, Jan 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program fell to $80.80 billion as of Jan. 29, the country's foreign exchange regulator said in a statement on Friday. China reported its end-December QFII quota, which stood at $81.1 billion as of Dec.25. The QFII scheme was created to allow...

  • EXCLUSIVE-BROOKFIELD ASSET MANAGEMENT MULLS BUYING GENERAL GROWTH PROPERTIES INC, TAKING PRIVATE- SOURCES.

  • *Q4 economic net income slumps 70 percent y/y to $0.37/ shr. NEW YORK, Jan 28- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday it is seizing on the market turmoil to make new investments, as it posted disappointing fourth-quarter earnings due partly to falling oil prices. "We think it's a very interesting time to put money out now,"...

  • NEW YORK, Jan 28- Blackstone Group LP, the world's largest alternative asset manager, reported weaker-than-expected fourth-quarter earnings on Thursday as falling oil prices and a choppy credit market dragged on its investments. Economic net income, which accounts for unrealized gains or losses in investments, dropped 70 percent to $435.7 million, or 37...

  • *Graphic on Iran's economy: http://reut.rs/1P8jWNx. They are expected to be able to link up with international lenders to process transactions within a matter of weeks following a deal with world powers earlier this month curbing Iran's nuclear programme. "Isolation of Iran's money market from international markets resulted in the inability of the Iranian...

  • Many big-money clients- representatives of wealthy families, endowments and private investment firms in New York, London and Geneva- came to the Morgan Stanley Hedge Fund Forum at the $1,000- a-night Breakers Palm Beach resort in a sour mood, hurt by their hedge fund investments last year and so far in January. The Breakers gathering, in its 18th year, once again...

  • *Fed to sell $29 bln seven-year notes on Thursday. NEW YORK, Jan 27- U.S. "This was a dovish statement," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.

  • *Apple, Boeing drag down Wall Street. NEW YORK, Jan 27- Recovering oil prices helped global stock markets cut losses on Wednesday but investors remained cautious as they awaited clues from the U.S. "We seem to be at the mercy of the oil and commodity markets," said Luke Batholomew, fixed income manager at Aberdeen Asset Management in London.

  • BOSTON, Jan 27- Shares of State Street Corp fell about 5 percent on Wednesday after the custody bank reported a decline in fourth-quarter revenue and heavy withdrawals by large institutional clients. Net withdrawals among long-term institutional clients at Boston- based State Street totaled $100 billion in 2015, the company reported.

  • BOSTON, Jan 27- Shares of State Street Corp fell about 5 percent on Wednesday after the custody bank reported a decline in fourth-quarter revenue and heavy withdrawals by a large institutional client. Net withdrawals among long-term institutional clients at Boston- based State Street totaled $100 billion in 2015, the company reported.

  • BOSTON, Jan 27- A post-graduate degree may not be the smartest investment for a young professional going into the hedge fund industry. So-called pre-MBA associates took home an average of $200,000, including a $90,000 bonus, according to SumZero's 2016 Fund Compensation Report, which is based on a survey of more than 1,800 associate positions between 2012 and...

  • *Hong Kong- listed China shares have long traded at discount. *ETFs, Stock Connect show China money flowing to Hong Kong. By doing so they are exploiting a long-standing market distortion that means the average share price of a dual-listed Chinese company is currently 40 percent lower in Hong Kong than in Shanghai or Shenzhen.

  • *Industry cannot function with $50 or $40/ barrel- Hall. SINGAPORE, Jan 27- After a 2015 that famed oil bull Andrew Hall said "wasn't much fun" because of plunging crude prices, the chief of Astenbeck Commodities says the market is ripe for a jump as producers operate near maximum capacity while supply risks rise. Hall's Astenbeck Commodities Fund suffered a more than...

  • Harvard University still boasts the largest endowment with $36.4 billion, followed by Yale, whose $25.6 billion endowment moved up in the rankings to edge the University of Texas System endowment, which has $24 billion, in the third largest spot. Yale's 11.5 percent investment returns last year beat Harvard's 5.8 percent gain, helping the New Haven,...

  • *Hong Kong- listed China shares have long traded at discount. *ETFs, Stock Connect show China money flowing to Hong Kong. By doing so they are exploiting a long-standing market distortion that means the average share price of a dual-listed Chinese company is currently 40 percent lower in Hong Kong than in Shanghai or Shenzhen.

  • Bearish views abound at elite hedge fund conference Tuesday, 26 Jan 2016 | 5:00 PM ET

    Professional money managers gathered at an elite Morgan Stanley investment conference in Palm Beach, Florida this week expressed a range of pessimistic market views, including so-called bearish takes on the energy sector, China, and stocks such as Valeant Pharmaceuticals and SolarCity. Another topic of negative views was China. Jim Chanos of Kynikos...

  • Hedge funds betting against China eye "Soros moment" Tuesday, 26 Jan 2016 | 9:49 AM ET

    LONDON, Jan 26- A handful of mainly U.S.-based macro hedge funds have led bets against China's yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation of between 20 and 50 percent. The firm reckons rush by domestic savers and businesses to withdraw money from China will prove too strong for authorities to resist...