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Capital Markets Asset Management and Custody Banks

  • 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,...

  • 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.