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Capital Markets Asset Management and Custody Banks

  • Nov 3- Goldman Sachs Group Inc has launched a new exchange traded fund that mimics the most popular stock bets made by hedge funds, the bank said on Thursday. The new ETF is based on a popular research report put out by Goldman analysts Ben Snider and David Kostin in the Wall Street bank's research division. Both types of products are marketed to Main Street...

  • PARIS, Nov 3- France's financial prosecutor has requested a trial for HSBC Holdings and its Swiss private banking unit on suspicions it helped customers dodge taxes in 2006-2007, a source familiar with the matter told Reuters. "We take note of the recommendation... and will continue to defend ourselves vigorously," HSBC said in an emailed comment to Reuters.

  • *End-September assets under management 375 bln stg. LONDON, Nov 3- Schroders, Britain's biggest independent listed fund manager, reported a 9.1 percent rise in third-quarter assets on Thursday, boosted by investment and currency gains after a slide in the value of sterling. The firm, which can trace its history back 200 years, is the latest asset manager to get a...

  • LONDON, Nov 2- A former fund manager at the London division of asset manager BlackRock Inc on Wednesday pleaded guilty to two counts of insider dealing in a London court. Mark Lyttleton, 45, admitted buying shares shortly before public announcements about EnCore Oil Plc and Cairn Energy after working on deals or on the basis of conversations with colleagues, the...

  • TOKYO, Nov 2- The U.S. presidential election is unlikely to be a major risk for financial markets as Congress is likely to put a brake on many policies, whoever wins, the fixed income chief investment officer of JPMorgan Asset Management said on Wednesday. Global financial markets were roiled by signs the U.S. presidential election race was tightening just days...

  • LONDON, Nov 2- A former fund manager at the London division of asset manager BlackRock Inc on Wednesday pleaded guilty to insider dealing in a London court. Mark Lyttleton was in September charged with three counts of insider dealing relating to trading in equities and a call option between October and December 2011. A spokesman for the Financial Conduct...

  • BOSTON, Nov 1- Billionaire hedge fund manager Daniel Loeb on Tuesday told clients that "idiosyncratic opportunities" have helped boost returns this year as a string of constant surprises has shaped markets, adding that more may be in store. With next week's U.S. presidential election looming large, Loeb's Third Point hedge fund wrote to clients in a letter seen by...

  • OTTAWA/ TORONTO, Nov 1- The Canadian government will set up an infrastructure bank and give it access to C $35 billion to help fund major projects that might otherwise not get built, Finance Minister Bill Morneau said on Tuesday. Morneau told the House of Commons that the proposed bank- which Ottawa hopes will be up and running next year- would attract as much as C $4 to...

  • OTTAWA, Nov 1- The Canadian government will set up an infrastructure bank and give it access to C $35 billion to help fund major projects that might otherwise not get built, Finance Minister Bill Morneau said on Tuesday. Morneau told the House of Commons that the proposed bank- which Ottawa hopes will be up and running next year- would attract as much as C $4 to C $5 in...

  • BOSTON/ LOS ANGELES, Nov 1- Two smaller investors called on Tuesday for replacing Chipotle Mexican Grill Inc Chairman Steve Ells with an independent director, signaling more pressure only weeks after prominent activist William Ackman took a stake in the burrito chain. Amalgamated Bank and CtW Investment Group, which works with union-sponsored pension funds...

  • SYDNEY, Nov 1- Australia's increasingly protectionist stance is dissuading Chinese and other foreign investors from bidding in major asset sales, political and corporate advisers say, potentially reducing competition and hurting prices. The New South Wales state government's decision last month to accept a $12.5 billion offer from local pension funds...

  • SYDNEY/ SINGAPORE, Oct 31- DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets- part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia, will be sold for around S $110 million, in a...

  • NEW YORK, Oct 31- Wealthfront, one of the first and biggest online investment platforms referred to as "robo-advisors," announced on Monday that founder Andy Rachleff would return to the top job of chief executive officer. Nash, an early Wealthfront client and supporter, joined the robo-advisor from the Silicon Valley venture capital firm Greylock Partners.

  • NEW YORK, Oct 31- Wealthfront, one of the first and biggest online investment platforms referred to as "robo-advisors," announced on Monday that founder Andy Rachleff would return to the top job of chief executive officer. Nash, an early Wealthfront client and supporter, joined the robo-advisor from the Silicon Valley venture capital firm Greylock Partners.

  • BOSTON, Oct 31- Lee Hennessee-Gradante, a pioneer who helped create an index to track the secretive hedge fund industry, died on Saturday. Hennessee-Gradante, 64, was found dead in her apartment in West Palm Beach, Florida, West Palm Beach Police Department spokeswoman Lori Colombino. Together with her husband, Charles Gradante, she ran New York- based Hennessee...

  • SYDNEY/ SINGAPORE, Oct 31- DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets- part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia, will be sold for around S $110 million, in a...

  • DBS keen to build up Asia wealth business. SYDNEY/ SINGAPORE, Oct 31- DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets- part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia,...

  • NEW YORK, Oct 28- Asset manager Apollo Global Management LLC reported stronger-than-expected third-quarter earnings on Friday as sturdy financial markets buoyed its credit and buyout investments. Economic net income, a key measure for U.S. private equity firms that accounts for unrealized investment gains or losses, totalled $230.8 million after taxes,...

  • This is a sign Man Group is ready to go for acquisitions: Reporter

    CNBC's Gemma Acton reports on Man Group's strong third-quarter performance and says it has been a tough year for the asset manager.

  • 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.