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Capital Markets Asset Management and Custody Banks

  • *Says has not held talks with Geneva- based Heritage on sale. ZURICH, Oct 5- Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job. "Falcon Private Bank is not and was not for sale," the Zurich- based bank, owned by Abu Dhabi sovereign wealth fund...

  • *Says has not held talks with Geneva- based Heritage on sale. ZURICH, Oct 5- Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job. "Falcon Private Bank is not and was not for sale," the Zurich- based bank, owned by Abu Dhabi sovereign wealth fund...

  • ZURICH, Oct 5- Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job. "Falcon Private Bank is not and was not for sale," the Zurich- based bank, owned by Abu Dhabi sovereign wealth fund International Petroleum Investment Co, said in a...

  • LONDON, Oct 5- Asset managers in Britain will have a duty to disclose all transaction costs to workplace pension schemes that invest in their funds under the latest proposals by the financial regulator to improve transparency in a market with opaque fees. Calling for responses to a consultation document by Jan. 4, 2017, the Financial Conduct Authority said on...

  • BOSTON, Oct 5- One of the best kept secrets in the mutual fund industry is the compensation of portfolio managers who oversee trillions of dollars in retirement assets. The SEC does not require any detailed disclosure. Median CEO Pay at S&P 500 companies totaled $10.8 million in 2015, according to pay research firm Equilar Inc..

  • BOSTON, Oct 5- The mutual fund giant Fidelity Investments, founded seven decades ago and run ever since by the Johnson family, has won the trust of tens of millions of investors. A private venture capital arm run on behalf of the Johnsons, F-Prime Capital Partners, competes directly with the stable of Fidelity mutual funds in which the public invests.

  • Larry Fink

    BlackRock said it would cut prices across its U.S. iShares Core ETFs to help advisers transition to a new rule governing retirement products.

  • Oct 5- BlackRock Inc, the world's biggest asset manager, said it would cut prices across its growing U.S. iShares Core exchange-traded funds to help wealth advisers transition to a new rule governing retirement products. The rule, announced by the Department of Labor in April and effective next year, sets a so-called fiduciary standard for financial brokers who...

  • The majority of money still sits in active funds: Pro

    There's been a big flow of money from active to passive funds, but there's more to come, says Stephen Cohen, head of fixed income beta at BlackRock.

  • SINGAPORE, Oct 5- Fund managers in Singapore saw a 9 percent increase in assets under management to S $2.6 trillion in 2015, buoyed by growth in the alternative asset sector, the city-state's central bank said on Wednesday. "These trends illustrate the crossroads facing the asset management industry: Interest rates, which have been low for several years, look...

  • NEW YORK, Oct 4- Jeffrey Gundlach's DoubleLine posted a net inflow of $444.4 million into its open-end mutual funds in September, marking the Los Angeles- based firm's 32nd consecutive month of inflows. The $61.8 billion DoubleLine Total Return Bond Fund, the largest fund by total assets of the DoubleLine Funds, had a net inflow of $190.9 million in September, for a...

  • LONDON, Oct 4- Four bidders are vying for UniCredit's fund management arm Pioneer as the auction for the $3.35 billion unit moves to the second round of bidding, two sources familiar with the matter said on Tuesday. But two other companies, Australia's Macquarie and British group Aberdeen Asset Management, are also interested in Pioneer and they're currently...

  • SINGAPORE, Oct 4- Philippine markets have been heavily sold down since July, primarily for economic reasons, not the festering row between new President Rodrigo Duterte and traditional ally the United States over his war on drugs, money managers say. BPI manages around 700 billion pesos in the Philippines. The stock market, one of Asia's outperformers in 2015,...

  • A-share inclusion only a matter of 'when': FTSE Russell

    Mark Makepeace, CEO of FTSE Russell, explains when A-shares will be included in the Emerging Makets Index.

  • LONDON, Oct 3- An Australian port and a stake in the Empire State Building's operator were among assets acquired by sovereign investors such as wealth funds and state pension funds in the third quarter of 2016, with deals totalling $21.2 billion. The single biggest deal in the third quarter was the $7.3 billion acquisition of Australia's busiest port,...

  • LONDON, Oct 3- BlackRock, the world's biggest asset manager, has told an international financial watchdog it supports plans to stress test individual mutual funds to make sure they function properly during extreme market conditions. In a Sept. 21 letter to the FSB posted on its website, BlackRock said: "We believe there is merit in developing principles for the...

  • Henderson-Janus merge is a

    Andrew Formica, CEO of Henderson Global Investors, explains more about the merger of asset managers and what was the catalyst for the deal.

  • Expect more asset management mergers: Investment director

    Sonja Laud, investment director at Barings, says negative interest rates and rise of passive products are hitting the industry.

  • More asset management mergers should be expected: Expert

    Antonin Jullier, global head of equity trading strategy at Citi, comments on the announced merger of asset managers Janus Capital and Henderson.

  • The China Securities Regulatory Commission will let investors in the Qualified Foreign Institutional Investor programme and the yuan-denominated variant RQFII scheme decide themselves how to allocate their assets in China. The commission has notified custodian banks of the rule changes recently, it said on its official Weibo account, a popular...