Diversified Financials Capital Markets

  • ZURICH, Oct 17- UBS, the world's biggest private bank, is spending around 1 billion Swiss francs to standardise the IT platform across its flagship wealth management business, an investment it hopes will ultimately help lower costs. "This is about integrating our historically fragmented infrastructure that we have globally into one platform," the Swiss bank's...

  • Net income attributable to shareholders rose 6.6 percent to $4.45 billion in the third quarter ended Sept. 30, from $4.18 billion a year earlier. Revenue from trading fixed-income securities, currencies and commodities jumped 32 percent from a year earlier, boosted by Brexit-inspired volatility and changing expectations for monetary policy in the United...

  • LONDON, Oct 17- Hedge funds and other money managers have raised their bullish bets on U.S. crude prices to the highest level since the slump started in the summer of 2014.. Saudi Arabia and other OPEC members have successfully pushed oil prices back above $50 by squeezing bearish fund managers. Hedge funds have raised their combined position by 155 million...

  • PAVIA, Italy, Oct 17- Pietro Maffi routinely checks his financial statements and has a good understanding of how his savings are being managed. He knew one of those funds was based not in Italy, but in Ireland. What he didn't know until recently was that the fund uses a fee structure that is not allowed in Italy, and is out of line even with Ireland's own investor...

  • HONG KONG, Oct 17- Vanguard, the world's second-biggest asset manager, cut the total expense ratio on all its Hong Kong- listed exchange traded funds, effective on Monday, as competition heats up in the passive asset management space. "We believe in the low cost approach and think this will ultimately benefit the growth of the ETF market in Hong Kong," said James...

  • *China asset management regulator tightens rules on risk. SHANGHAI, Oct 17- New rules in China aimed at curbing risk and speculation have triggered an exodus of institutional cash from the country's commodities futures markets and hobbled a thriving niche business for brokers. The slump in trade is a blow for the likes of the Shanghai Futures Exchange and the...

  • NEW YORK, Oct 14- Hedge funds boosted their bullish bets on U.S. crude oil for the third week in a row to a more than two-year high, data showed on Friday, as non- OPEC countries raised expectations of a joint effort with OPEC members to cut output. Oil prices during the time jumped more than 4 percent and Brent crude hit a one-year high on Oct. 10 after Russia said it was...

  • *Man Group tops STOXX gainers. MILAN/ LONDON, Oct 14 (Reuters)- European shares rose on Friday to claw back ground lost in the previous session, with banking stocks outperforming, while hedge fund Man Group also surged higher. Europe's STOXX Bank was the biggest sectoral gainer with a gain of 2.2 percent, further undepinned by better-than-expected results from...

  • LONDON, Oct 14- A British court ruled on Friday in favour of Goldman Sachs in a $1.2 billion dispute with Libya's $67 billion sovereign wealth fund over derivatives trades, dismissing claims that the investment bank had abused the fund's trust. The Libyan Investment Authority was attempting to claw back the $1.2 billion from the Wall Street giant in relation to...

  • LONDON, Oct 14- A British court ruled on Friday in favour of Goldman Sachs in a $1.2 billion dispute with Libya's $67 billion sovereign wealth fund over derivatives trades, dismissing claims that the investment bank had abused the fund's trust. The Libyan Investment Authority was attempting to claw back the $1.2 billion from the Wall Street giant in relation to...

  • LONDON, Oct 14- Man Group, the world's biggest listed hedge fund, announced a rise in third-quarter assets under management, an acquisition and plans to buy back $100 million of shares, sending its stock as much as 17 percent higher on Friday. Man said it had $80.7 billion of assets under management at the end of September, up from $76.4 billion at the end of June and...

  • LONDON, Oct 14- European shares rose on Friday to claw back ground lost in the previous session, with mining and telecoms stocks outperforming, while hedge fund Man Group also surged higher. The index remains down by around 8 percent so far in 2016, but Clairinvest fund manager Ion- Marc Valahu backed having a "long" position to bet on more gains for European stocks.

  • LONDON, Oct 14- European shares rose on Friday to claw back ground from losses in the previous session, with mining and telecoms stocks outperforming. Shares in British hedge fund Man Group jumped up by 9 percent after the company reported a rise in assets under management, and announced a share buyback and the acquisition of investment management company Aalto.

  • *Asia Pacific assets account for about 14 pct of total. HONG KONG/ SINGAPORE, Oct 14- Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the impact of a U.S. fine on the German lender. The bank has also lost its head of Asia Pacific wealth...

  • *GRAPHIC: FTSE 100 vs FTSE 250: http://bit.ly/2e3GHSu. The FTSE 100' s sharp recovery from lows after Britons voted to leave the European Union in June stands in stark contrast to a darkening outlook for the pound and the domestic economy. Data from Thomson Reuters Lipper shows that from June to September, UK- focused equity funds suffered outflows of more than 3...

  • *China exports fall 10 pct in September, weighs on dollar. "A significant slowdown in Chinese growth could once again foil the plans of U.S. authorities to stabilize monetary policy," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. Exports from China, the world's second largest economy, fell 5.6 percent in yuan terms in...

  • SEC APPROVES RULE ON INCREASING, CHANGING REPORTING REQUIREMENTS FOR ASSET MANAGEMENT INDUSTRY.

  • The UK needs capital flows: Strategist

    Luis Costa, head of CEEMEA FX and rates strategy at Citi, says sterling will continue to fall and uncertainty will prevent capital flows.

  • SINGAPORE, Oct 12- Investors may have driven crude oil futures prices above $50 a barrel and amassed large bullish positions in expectations of further gains to come but their optimism isn't shared by the people who produce, refine, ship or trade the real stuff on a daily basis. Neither do they see much of animpact anytime soon from plans by members of the...

  • TOKYO, Oct 13- Toshiba Corp on Thursday said a group of investors had sued the company for 16.7 billion yen in damages over its false profit statements, the largest single claim of compensation over the accounting scandal so far. Toshiba said 45 mainly foreign institutional investors filed a lawsuit in the Tokyo District Court. Japan Trustee Services Bank filed...