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Capital Markets Asset Management and Custody Banks

  • OSLO, Feb 15- Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about climate change. They included Actiam, Aegon Asset Management, Aviva Investors, KBI Global Investors, La Francaise, Legal and General and Trillium Asset...

  • NEW YORK, Feb 14- Bob Shearer, who manages one of BlackRock Inc's largest funds, is planning to leave the world's biggest asset manager later this year, executives said in a memo on Tuesday. Shearer is a managing director and lead portfolio manager for the nearly $22 billion BlackRock Equity Dividend Fund, BlackRock's third-largest mutual fund and its biggest...

  • NEW YORK, Feb 14- Several big-name U.S. hedge fund investors in the fourth quarter moved significant parts of their portfolios into financial and pharmaceutical stocks that are expected to benefit under the Trump administration, helping to power the sector to its best January performance in four years. Omega Advisors, run by Leon Cooperman and Steven Einhorn,...

  • BOSTON, Feb 14- Hedge fund manager Scott Ferguson, who has been a director on the board of design software maker Autodesk for nearly year, plans to leave the board as soon as a new chief executive is selected. "Upon appointment of the new CEO, I have agreed to step down from my position as a director, and the company has agreed to name a new mutually agreeable director to...

  • NEW YORK, Feb 14- Activist hedge funds recovered from a slow start last year, ending 2016 with sharp gains, spurred by a stock rally that followed the U.S. presidential election. Hedge fund managers who exclusively or partially manage an activist portfolio of stocks cited the election of President Donald Trump as a year-end boost and a likely tailwind for 2017,...

  • NEW YORK, Feb 14- Activist hedge funds recovered from a slow start last year, ending 2016 with sharp gains across the sector, spurred by a stock rally that followed the U.S. presidential election. Hedge fund managers that exclusively or partially manage an activist portfolio of stocks cited the election of President Donald Trump as a year-end boost and a likely...

  • *Europe, United States favourite destinations for investment. JERUSALEM, Feb 14- Israeli institutional investors are placing billions of dollars in foreign private equity funds after government reforms to encourage household savings brought an influx of cash. Insurance and retirement fund managers have seen their assets swell 50 percent in five years,...

  • BOSTON, Feb 14- Hedge fund manager Beau Taylor, who was originally backed by the Blackstone Group, and private equity investor Robb Turner are forming Madava Asset Management LLC, a new firm that will focus on energy investments. Trevor Woods, who has worked with Taylor since co-founding the hedge fund Taylor Woods in February 2011, is not joining the new firm,...

  • BOSTON, Feb 13- Harvard University added Brian Rogers, chief investment officer at T. Rowe Price Group Inc, to the board that oversees the investment of its $35.7 billion endowment, the Ivy League school said on Monday. Rogers joined the 11- member Harvard Management Company board at a critical time, just weeks after the school's investment arm announced sweeping...

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • BEIJING, Feb 13- China's asset management association has banned registration of private equity schemes for residential property investment in 16 cities where it says the market has overheated. The cities include Beijing, Shanghai, Guangzhou, Shenzhen and Xiamen, according to a notice published on Monday on the Wechat account of the Asset Management...

  • ASTANA, Feb 13- Kazakhstan plans to inject 2 trillion tenge into its state-owned' bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday. The International Monetary Fund said this month that resolving the issue of bad loans, some of which are yet to be recognized, is the main...

  • Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York.

    Asset managers such as JPMorgan and Henderson could oversee closet tracking funds, according to a report by Better Finance. CNBC’s Gemma Acton has more.

  • NEW YORK, Feb 10- Hedge fund manager Dan Loeb's Third Point LLC took new equity stakes in Goldman Sachs Group Inc, Bank of America Corp, JPMorgan Chase& Co during the fourth quarter, according to regulatory filings on Friday, on a bet that interest rate hikes and operating leverage will jack up returns. In a letter to his investors dated Feb. 1, and seen by Reuters, Loeb...

  • RIO DE JANEIRO, Feb 10- A Brazilian federal court suspended on Friday the $5.2 billion sale of state-controlled Petróleo Brasileiro SA's natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc. In a document seen by Reuters, the Sergipe state-based court ruled the transaction, which was to be closed within weeks, be...

  • Michael Ward is currently the CEO of CSX Corp.. A year ago, Harrison led a failed Canadian Pacific bid to acquire Norfolk Southern railroad. Canadian Pacific abandoned its roughly $30 billion bid for Norfolk Southern Corp. after encountering opposition from the railroad, politicians and some customers.

  • *Flows to European ETFs hold firm even as correlations break down. *Germany, Spain country ETFs in demand. LONDON, Feb 10- European investors are piling into exchange-traded funds, favoring those that mimic active fund managers, in a market where traditional trading relationships between assets are breaking down.

  • BOGOTA, Feb 9- Colombia's government has eliminated a tax paid on local portfolio investments by Peruvian and Chilean pension funds, and may add Mexico, a government official said on Thursday. "Today, Chile and Peru have such agreements and have been applying them since January 1, 2017. The Pacific Alliance includes Colombia, Peru, Chile and Mexico.

  • TORONTO _ Brookfield Asset Management Inc. on Thursday reported fourth-quarter net income of $173 million. Brookfield Asset Management shares have risen slightly more than 9 percent since the beginning of the year. Keywords: Brookfield Asset Management, Earnings Report.