Capital Markets Asset Management and Custody Banks


  • Jan 29- Vanguard Group Inc, the world's biggest mutual fund company, has applied to create a new share class for some funds that would charge investors as little as 0.01 percent, or $1 for every $10,000 invested, annually. The company plans to apply the fee for at least two funds, the Vanguard Total Stock Market Index Fund and the Vanguard 500 Index Fund, according to a...

  • ZURICH, Jan 29- Credit Suisse looks set to post its first full-year loss since 2008 next week, with a write-down at its investment bank adding to pressure on Chief Executive Tidjane Thiam to show his turn-around plan is achievable. UBS led the way in 2012 with a similar strategy overhaul to Credit Suisse and is now the world's biggest private bank and market leader...

  • NEW YORK, Jan 29- The activist investor targeting NorthStar Asset Management Group has nominated six directors to the company's board, according to a letter reviewed by Reuters, in a move that could prompt a proxy fight if the two sides fail to reach an agreement. Land and Buildings, the real estate-focused activist hedge fund run by former Citigroup analyst...

  • SHANGHAI, Jan 29- Chinese companies may be forced to sell at least $12 billion in shares in coming weeks to meet margin calls, dealing a further blow to stock markets which have already seen some $2 trillion in value wiped out so far this year. "Over half of all listed companies in China have their shares pledged, so if the market falls further, this issue could become a...

  • BEIJING, Jan 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program fell to $80.80 billion as of Jan. 29, the country's foreign exchange regulator said in a statement on Friday. China reported its end-December QFII quota, which stood at $81.1 billion as of Dec.25. The QFII scheme was created to allow...


  • *Q4 economic net income slumps 70 percent y/y to $0.37/ shr. NEW YORK, Jan 28- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday it is seizing on the market turmoil to make new investments, as it posted disappointing fourth-quarter earnings due partly to falling oil prices. "We think it's a very interesting time to put money out now,"...

  • NEW YORK, Jan 28- Blackstone Group LP, the world's largest alternative asset manager, reported weaker-than-expected fourth-quarter earnings on Thursday as falling oil prices and a choppy credit market dragged on its investments. Economic net income, which accounts for unrealized gains or losses in investments, dropped 70 percent to $435.7 million, or 37...

  • *Graphic on Iran's economy: They are expected to be able to link up with international lenders to process transactions within a matter of weeks following a deal with world powers earlier this month curbing Iran's nuclear programme. "Isolation of Iran's money market from international markets resulted in the inability of the Iranian...

  • Have we hit the bottom of oil prices?

    Conrad Saldanha, emerging markets fund manager at Neuberger Berman, explains why his company's fund has been underweight in energy

  • BlackRock signage above building entrance in New York.

    BlackRock on Friday reported quarterly profit that was weaker than analysts expected, due to higher compensation costs.

  • China's people have become more wealthy: CEO

    Sergio Ermotti, CEO of UBS, discusses the bank's plans to expand its asset management business into China.

  • Martin Shkreli, CEO of Turing Pharmaceutical, is brought out of 26 Federal Plaza by law enforcement officials after being arrested for securities fraud on Dec. 17, 2015, in New York City.

    Bad-boy ex-pharmaceutical company CEO Martin Shkreli says fraud allegations against him are "baseless and without merit."

  • New Zealand's central bank cut interest rates to match a record low, but the kiwi dollar climbed on expectations the easing cycle may be ending.

  • BlackRock signage above building entrance in New York.

    Sovereign wealth funds in the Gulf have been pulling money out of asset managers at the fastest rate on record, the Financial Times reports.

  • Hedges hedge funds

    Investors flagged their intention to shift more money out of hedge funds in November as they adjusted positions before the year-end, data showed.

  • China's wealthy are moving to the U.S. in rising numbers. This banking start-up hopes to capitalize on the migration.

  • Does Asia need more socially-responsible investors?

    Chandran Nair, founder and CEO of the Global Institute For Tomorrow, says socially responsible investing can bring about environmental and social change in Asia, as well as financial rewards for investors.

  • General Electric

    GE seeks to sell its asset management arm to an investment management firm, as it continues to make moves to focus on its industrial products.

  • A pump jack and pipes at an oil field near Bakersfield, California.

    Renowned oil trader Andy Hall suffered his second-biggest monthly loss in July in a "brutal month" that left his hedge fund about $500 million poorer.