Diversified Financials Capital Markets

  • A long period of outperformance of shares with lower volatility has helped to give rise in recent years to what amounts to a new investment style, low volatility, with more than $15 billion flowing into this type of mutual fund and exchange-traded fund in the first seven months of the year, according to Morningstar data. A recent period of lagging returns, both in...

  • NEW YORK, Oct 26- U.S.-based stock mutual funds reported the largest outflows in five years, Investment Company Institute data showed on Wednesday, adding to a poor year of sales for the funds. Some $16.9 billion moved from stock mutual funds in the seven days through Oct. 19, more than in any other week since August 2011, the trade group's data showed. billion.

  • *FTSE 100 closes 0.9 percent lower. LONDON, Oct 26- Britain's top share index hit a three-week low on Wednesday, with hotel operator Whitbread falling on a raft of negative broker comments and Antofagasta dragging down miners after a disappointing earnings update. Basic resources stocks were on the back foot, with the UK mining index down 1.4 percent, pressured by...

  • The influential state-run newspaper Global Times said late on Tuesday in its English-language edition that announcement from the Ministry of Human Resources and Social Security's decision to proceed with the plan has triggered concerns over the management of the pension funds. "Managing the pension could be a problem since the funds are currently in the...

  • STOCKHOLM, Oct 26- Telecoms gear maker Ericsson picked Swedish businessman and board member Borje Ekholm to take over as chief executive on Wednesday as the firm grapples with cost cuts and an industry downturn. Ekholm, 53, served for a decade as CEO of the Wallenberg family-backed investment firm Investor AB and is currently CEO of Investor AB subsidiary...

  • BOSTON, Oct 25- Nick Graziano, a former top executive at hedge fund Corvex Management, has obtained early-stage financing from Constellation Seeding, putting his new hedge fund on track to start trading on Nov. 1, a person familiar with the matter said on Tuesday. Greenwich, Connecticut- based Venetus Partners LP plans to invest in mid-sized North American...

  • BOSTON, Oct 25- Nick Graziano, a former top executive at hedge fund Corvex Management, has obtained early-stage financing from Constellation Seeding, putting his new hedge fund on track to start trading on Nov. 1, a person familiar with the matter said on Tuesday. Greenwich, Connecticut- based Venetus Partners LP plans to invest in mid-sized North American...

  • Oct 24- BlueBay Asset Management LLP named Anahita Firouzbakht as director, consultant relations. Based in London, she will report to Cenk Turkinan, partner and head of institutional sales and consultants. Previously, Firouzbakht worked at Pictet Asset Management, where she was vice president in the global consultants team.

  • BEIJING, Oct 24- China's banking regulator plans to allow local governments to set up more asset management companies as part of a broader effort to manage corporate debt and reduce the growing volume of troubled bank loans that pose a risk to the economy. The China Banking Regulatory Commission is relaxing rules that only allow one local AMC per province, three...

  • NEW YORK, Oct 21- The dramatic shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visit. Wells Fargo estimates that about $38 billion of these loans were taken out by retailers, bundled into commercial...

  • Oct 20- Altice USA, the cable operator that Netherlands- based Altice NV put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, according to people familiar with the matter. Altice USA, which is now valued at between $25 billion and $30 billion, plans to invite investment banks to make...

  • EXCLUSIVE-ALTICE USA PREPARING TO SPEAK TO INVESTMENT BANKS ABOUT AN INITIAL PUBLIC OFFERING- SOURCES.

  • Oct 20- BNY Mellon Corp, the world's largest assets custodian, could be in the hunt for an acquisition to build its investment management arm, which analysts said could benefit from an exchange-traded fund provider to retail investors. Kyle Sanders, an equity analyst at Edward Jones, said the bank may expand its reach with ETFs, adding that there will be no shortage...

  • BOSTON, Oct 20- Investors frustrated by poor returns and high fees at hedge funds pulled out roughly 1 percent of industry capital in the third quarter, with outflows totaling $28 billion. Third-quarter redemptions nearly tripled from the $8.2 billion investors redeemed during the second quarter, raising the amount of money pulled out this year to $51.5...

  • FRANKFURT, Oct 20- Deutsche Bank's shares jumped 4 percent on Thursday following a report by German business monthly Manager Magazin, which said sovereign wealth funds from Qatar and Abu Dhabi and a Chinese investor could buy a 25 percent stake in the lender. The magazine, citing banking sources, said Qatar and Abu Dhabi's sovereign wealth funds and an unnamed...

  • Oct 20- BNY Mellon Corp CEO Gerald Hassell said on Thursday he expects to see more consolidation in the asset management industry and did not rule out that the world's largest custody bank could be a buyer in a market that is punishing actively managed funds. BNY Mellon's investment management business has about $1.7 trillion in assets and includes Dreyfus...

  • Train Fund Management LP, which had a 3.02 percent stake as of June 30, has praised the bank for its progress and said its leadership had demonstrated the will to improve performance. The bank said its non-interest expenses fell to $2.64 billion in the third quarter ended Sept. 30 from $2.68 billion a year earlier as the dollar's strength helped to reduce software,...

  • American, British, French and Japanese investment banks are looking for a total of six dealmakers to head their businesses in Italy after a number of senior bankers jumped ship for top jobs at Italian corporates. Bank of America's chief executive in Italy Marco Morelli, Nomura's top Italian banker Francesco Mele and Barclays' Italy head Alessandra Pasini have...

  • American, British, French and Japanese investment banks are looking for a total of six dealmakers to head their businesses in Italy after a number of senior bankers jumped ship for top jobs at Italian corporates. Bank of America's chief executive in Italy Marco Morelli, Nomura's top Italian banker Francesco Mele and Barclays' Italy head Alessandra Pasini have...

  • BOSTON, Oct 20- Investors pulled $28 billion out of hedge funds during the third quarter, the largest amount of quarterly redemptions since the end of the financial crisis, research firm Hedge Fund Research reported on Thursday. In the first nine months of the year investors instructed hedge funds to return $51.5 billion, putting the $2.9 trillion industry on...