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Capital Markets Asset Management and Custody Banks

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  • BOSTON, Aug 14- Top U.S. hedge funds added shares of Apple Inc in the second quarter, even as shares of the iPhone maker were flat during the period. Filings with the U.S. Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue Management added about 860,000 shares of the iPhone maker during the three months ended June 30, giving it...

  • MONTREAL, Aug 14- Caisse de depot et placement du Quebec, Canada's second-largest pension fund manager, said it will have to "raise its game" if it is to continue to deliver yields like the weighted average return of 5.9 percent it reported Friday for the first six months of 2015.. The Caisse, which manages public pension plans in the predominantly French-speaking...

  • BOSTON, Aug 14- Ford Motor Co said it was dropping Contrafund as an investment option in its employee retirement accounts, pulling an estimated $900 million from Fidelity Investments' flagship mutual fund. Contrafund, managed by Will Danoff, is a behemoth in the mutual fund industry, with $113 billion in assets. Mainstay Capital Management LLC Chief Executive...

  • Aug 14- Activist investor Sandell Asset Management Corp said Ethan Allen Interiors Inc should consider selling itself to a private equity firm or monetizing its real estate holdings. Sandell, which owns about 5.5 percent of the furniture retailer, said the company could be worth about $41 per share with its real estate fetching about $450 million, or $16 per...

  • Aug 14- Activist investor Sandell Asset Management Corp said furniture retailer Ethan Allen Interiors Inc should consider selling itself to a private equity firm or monetize its real estate holdings. Sandell said the company's real estate assets may be worth about $450 million, or about $16 per share. Ethan Allen's shares closed at $30.99 on Thursday on the...

  • The manager of Canada's public pension fund said net assets fell to C $268.6 billion on June 30 from C $264.6 billion on March 31. Net contributions boosted the fund by C $4.2 billion during the first quarter ended on June 30, while the net investment loss was C $200 million. "The CPP Fund held steady through the first quarter of fiscal 2016 despite broad declines in...

  • LONDON, Aug 13- Hong Kong- based Guard Capital is set to join a tiny group of hedge funds managing $1 billion or more in Asia, sources familiar with the matter said, amid increased demand for funds betting on currencies and interest rates. The so-called macro hedge fund was launched by Leland Lim, the former co-head of macro trading for Asia Pacific ex- Japan at Goldman,...

  • NEW YORK, August 13- For Julian Robertson, the 83- year-old billionaire former hedge fund manager, history is repeating itself. Robertson's personal fortune has more than doubled to $3.4 billion since 2000, and his Tiger Management is as strong as ever: the hedge funds he has ownership stakes in now manage more than $30 billion, up from about $20 billion in early...

  • Celgene Corp has alleged Bass is abusing a process set up to challenge patents by short selling pharmaceutical shares that drop when a patent review is filed. Last month, Celgene, one of the world's largest biotechnology firms, asked the patent office to sanction Bass and others behind the coalition by throwing out its patent challenges. Celgene said Bass' real...

  • *Firm also includes ex- Goldman Sachs trader Stuart Riley. LONDON/ BOSTON, Aug 12- A former top Brevan Howard trader is courting investors for a hedge fund launch which promises to be among the biggest in the sector this year and which sources say is already on course to attract its initial target of some $3 billion. Chris Rokos, 44, who made $4 billion for Brevan's fund...

  • HONG KONG, Aug 12- Beijing's efforts to support collapsing shares have pulled Chinese stocks back to around 4,000 points, but index-linked funds trading at discounts tell a less optimistic story. Outflows in China ETFs began in mid-June when the market tumbled 30 percent in a span of just one month after a 110- percent rally from November to June.

  • BOSTON, Aug 11- Few things from 1985 achieved. "As an old guy who had some 10 percent coupons mature in our portfolio in the last few years, I am devastated by their absence," said Stewart Taylor, a 60- year old government bond fund manager at Eaton Vance in Boston. For 30 years, like clockwork, CUSIP 912810 DS4, the identifier for $7.15 billion in bonds issued by the U.S....

  • TORONTO, Aug 11- Canada's Fairfax Financial Holdings Ltd said on Tuesday it has added investor safeguards to a plan to preserve founder Prem Watsa's voting stake, a move aimed at assuaging the concerns of minority shareholders who had opposed the proposal. The plan has been opposed by two of Canada's top pension fund managers, Canada Pension Plan Investment...

  • Prosecutors in Brooklyn, New York made public an insider trading indictment charging four traders: Vitaly Korchevsky, a former hedge fund manager from Glen Mills, Pennsylvania; Vladislav Khalupsky, of Brooklyn and Odessa, Ukraine and Leonid Momotok, of and Alexander Garkusha of Georgia. An separate indictment made public in New Jersey charges Ivan Turchynov...

  • NEW YORK, Aug 10- Citigroup Inc agreed to pay $13.5 million to settle a lawsuit accusing the bank of deceiving investors into remaining in its Corporate Special Opportunities hedge fund, only to suffer big losses when the fund was liquidated in November 2008, court papers filed on Monday show. The lawsuit accused Citigroup and its Citigroup Alternative...

  • The yen's rapid decline in the past three years, questions about the need for more Bank of Japan policy easing and other signs all suggest that the yen may have hit its nadir. "There are no more valid reasons for JPY weakness," said Heng Koon How, senior currency strategist for Credit Suisse private banking and wealth management in Singapore. The yen, on the other hand,...

  • Swiss banks step up battle for Asia's super-rich Sunday, 9 Aug 2015 | 4:00 AM ET

    *Cross-town rival Credit Suisse targeting fresh push. But the competition has recently shifted up a gear, with the new boss of Credit Suisse signaling he wants to embark on a similar path to cross-town rival UBS, which in 2011 chose to shrink its investment bank and focus on the more stable wealth management business, especially in Asia. "Everybody wants to be in...

  • The company's shares jumped as much as 7 percent to $80.14 in regular trading, after Bloomberg reported that ValueAct had built a $1 billion stake and was seeking "shareholder-friendly" changes. AmEx is not yet a core active target of ValueAct, Bloomberg said, citing people with knowledge of the matter. However, the fund could sell its stake in AmEx if it decides...

  • HOUSTON, Aug 7- Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. At Halliburton, some of the capital to finance the sales will come from $500 million in backing from asset manager BlackRock, part of a wave of alternative finance...

  • LONDON, Aug 7- Think the imminent rise in U.S. interest rates is universally bad news for markets? Equity markets have broadly been on an upwards path since the 2008 global financial crisis, as record low interest rates and injections of cash from central banks pushed markets in New York, London and Frankfurt to record highs. S&P 500 last month for the first time...