×

Capital Markets Asset Management and Custody Banks

  • May 23- Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector. Guided by a team of eight investment professionals, the new business will make investments of between $30 million and $70 million in public and private life sciences companies in areas ranging...

  • LONDON, May 22- Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Combined Brent and WTI short positions increased by just 22 million barrels in the week to May 16 compared with 71 million in the week to May 9 and 65 million in the week to May 2. By May 16, combined short...

  • PURCHASE, N.Y., May 22- Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday. JPMorgan Chase& Co CEO Jamie Dimon faced activists during the bank's annual meeting last week who demanded answers about his role on a...

  • PURCHASE, N.Y., May 22- Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday. Morgan Stanley avoided protests that dominated other Wall Street firm's annual meetings this year. JPMorgan Chase& Co CEO Jamie Dimon...

  • LONDON, May 22- Royal Bank of Scotland is close to settling a costly and potentially embarrassing case alleging it misled shareholders during a 12 billion pound fundraising at the height of the financial crisis, sources familiar with the talks said on Monday. Trevor Hemmings, a multimillionaire businessman whom Reuters previously reported is one of the main...

  • BOSTON, May 22- A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts- based MC2 Capital Management LLC, was arrested in Vermont on Saturday and charged in a criminal complaint with...

  • SAO PAULO, May 22- Brazilian asset manager JGP Gestão de Recursos Ltda denied on Monday it had early knowledge of allegations that set off a political firestorm last week, when several of its funds posted gains on a day when most domestic investors suffered heavy losses. JGP's three cross-asset funds yielded returns between 1 percent and 3.3 percent on...

  • LONDON, May 22- Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Combined Brent and WTI short positions increased by just 22 million barrels in the week to May 16 compared with 71 million in the week to May 9 and 65 million in the week to May 2. By May 16, combined short...

  • Barclays will now seek to bolster staff in its private banking hubs of London, Dublin, Geneva, Monaco, India, Dubai, Jersey, Guernsey and the Isle of Man, the source said. "In line with Barclays International's overall strategy we are positively investing in Private Bank& Overseas Services," a spokesman for Barclays said. Banks worldwide are pushing into private...

  • *OPEC overcomes suspicions to talk to funds and traders. *OPEC and non- OPEC oil ministers meet on Thursday. Barkindo, elected to OPEC's top job in June 2016 to deal with an oil price slump, told Morse that OPEC wanted to better understand the way financial players worked in the oil markets.

  • *Arabtec soars in Dubai after it wins big order for tower. RIYADH, May 21- Saudi Arabia's stock market outperformed a sluggish region on Sunday after U.S. and Saudi companies signed over $200 billion of deals during the visit to Riyadh by President Donald Trump. "Sentiment is high because of the deals," said Talal Samhouri, head of asset management at Qatar's Amwal,...

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after Brazil's financial markets were slammed by a corruption scandal threatening to topple President Michel Temer and his reform agenda. Manager Henrique Bredda said around half of the losses in the fund, formally known as Alaska Black FIC FIA-...

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after the country's financial markets were slammed by a graft scandal threatening to topple President Michel Temer and his reform agenda. Brazilian markets took a beating on Thursday on reports Temer had been caught on tape condoning bribes to...

  • Cross-asset fund Adam Macro II FIC FIM, which held a total of 2.9 billion reais in assets under management at market close on Wednesday, unwound all of its positions in Brazil, swallowing a 6 percent loss on Thursday. Verde Asset Management SA, Brazil's largest hedge fund, saw its holdings shrink by just 3 percent on Thursday, according to preliminary performance...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • LAS VEGAS, May 18- Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Loeb was speaking at the annual SkyBridge...

  • LAS VEGAS, May 18- Hedge fund Hoplite Capital Management's John Lykouretzos on Thursday pitched Nike Inc as a favorite long position, saying that its stock price could double within three years amid strong international growth. Speaking at the SkyBridge Capital's annual SALT hedge fund conference, the fund manager called Nike a marketing and innovation...

  • LAS VEGAS, May 18- Hedge fund manager Jason Karp on Thursday said that shares of Sarepta Therapeutics Inc could climb as much as 200 percent and noted the biotech company could be an attractive takeover candidate. Its sales could climb to $600 million from $75 million now, said Karp, who specializes in picking stocks. By the end of next year the stock price could hit...

  • LAS VEGAS, May 18- Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling. Credit specialists Marc Lasry of Avenue Capital and Bruce Richards of Marathon Asset Management noted the relatively calm political climate there compared to the United...