Capital Markets Asset Management and Custody Banks

  • BERLIN, Sept 21- Volkswagen faces 8.2 billion euros in damages claims from investors over its emissions scandal in the legal district where the carmaker is based, a German court said on Wednesday. The biggest claim at the Braunschweig court, totalling 3.3 billion euros, was filed by lawyer Andreas Tulip on behalf of institutional investors around half a year ago.

  • *Rich margins crimped by changes to market structure. LONDON/ NEW YORK, Sept 21- Home to trillions of dollars of global wealth, mutual fund firms face an unfamiliar round of belt-tightening as changes in the way people invest and rising costs chip away at rich margins. "Strong inflows over a number of years have mitigated the need to make hard, cost-cutting decisions,"...

  • *Malaysia's KWAP invests $30 million in Uber- sources. KUALA LUMPUR, Sept 21- Malaysia's $30- billion pension fund, Kumpulan Wang Persaraan, is looking to pump in more money into technology firms, following its recent foray into the sector with an investment in what sources have identified as ride-sharing service Uber. KWAP, Malaysia's second biggest pension...

  • NEW YORK, Sept 20- U.S. "Japan has been the main driver of the bond market," said Luke Bartholomew, investment manager with Aberdeen Asset Management in London. There are doubts whether the BOJ, led by Haruhiko Kuroda, would act aggressively to combat deflation and weak demand given the central bank's history of falling short of market expectations.

  • LONDON, Sept 19- Hedge funds scaled back some of their short positions in crude oil futures and options after prices failed to fall further, suggesting the market was running out of negative momentum. Along with other money managers they cut their combined short position in the three main Brent and WTI contracts by 36 million barrels in the week to Sept. 13.

  • LIMA, Sept 19- Peru is in talks with BlackRock Inc, the world's largest asset manager, about obtaining infrastructure financing, President Pedro Pablo Kuczynski said Monday after meeting with the company's chief executive officer Larry Fink. "They're interested in doing financing in Peru on infrastructure, and I'm in talks with them about that."

  • LIMA, Sept 19- Peru is in talks with BlackRock Inc, the world's largest asset manager, about obtaining infrastructure financing, President Pedro Pablo Kuczynski said Monday after meeting with the company's chief executive officer Larry Fink. "They're interested in doing financing in Peru on infrastructure, and I'm in talks with them about that."

  • LONDON, Sept 19- Hedge funds scaled back some of their short positions in crude oil futures and options after prices failed to fall further, suggesting the market was running out of negative momentum. Along with other money managers they cut their combined short position in the three main Brent and WTI contracts by 36 million barrels in the week to Sept. 13.

  • LONDON, Sept 19- Hedge funds have built their largest bullish position in U.S. natural gas for more than two years amid signs the gas glut is being eroded quickly and the market could tighten in 2017.. The net long position has almost quadrupled over the last four weeks, and is now at the highest level since June 2014, according to an analysis of data released on Friday...

  • LONDON, Sept 19- Britain's fund managers face calls to hold more emergency cash, potentially crimping their ability to pay dividends or expand. First to feel the pinch last week was Aberdeen Asset Management, which was asked to raise the minimum amount of cash it holds by 140 million pounds, after a review by the Financial Conduct Authority. "If you're asked to hold...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...

  • NEW YORK, Sept 15- The U.S. The Commerce Department said retail sales declined 0.3 percent amid weak purchases of automobiles and a range of other goods, after an upwardly-revised 0.1 percent gain in July. "The data was weaker than expected," said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management in New York.

  • TORONTO/ NEW YORK, Sept 15- Activist investor Engaged Capital reported a 7.5 percent stake in SunOpta Inc on Thursday and said it had signed a confidentiality agreement with the Canadian organic food company to provide strategic advice. U.S. hedge fund Tourbillon Capital pressured SunOpta to explore a sale earlier this year. In July, Reuters reported that...

  • *August retail sales drop more-than-expected. Sept 15- The S&P 500 and the Dow were little changed on Thursday morning following a lackluster set of data, while the Nasdaq got a boost from Apple. It's just right to keep the Fed on the sidelines and keep interest rates right where they are, "said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • NEW YORK, Sept 15- The U.S. The Commerce Department said retail sales declined 0.3 percent after an upwardly-revised 0.1 percent gain in July. "The data was weaker than expected, especially retail sales, which I think the market was focusing on," said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management in New York.

  • *August retail sales drop more-than-expected. Sept 15- U.S. stock index futures trimmed gains, but kept Wall Street on track to open higher on Thursday, as investors assessed a mixed bag of economic data. It's just right to keep the Fed on the sidelines and keep interest rates right where they are, "said Paul Nolte, portfolio manager at Kingsview Asset Management in...

  • LONDON/ NEW YORK, Sept 15- Hedge funds across the globe are cutting their management fees as they struggle to attract investors in the face of weak returns, industry data shows. U.S.-based Caxton Associates this week became the latest firm to tell investors it would reduce its fees, joining the likes of Och-Ziff Capital Management and Tudor Investment Corp which...

  • 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,...