Diversified Financials Capital Markets

  • BERLIN, June 9- Asset managers trying to sell investment products to tech-savvy millennials need to hire younger staff who are more in tune with new ways of investing, leading industry figures say. And that means hiring outside of the industry, " Charles Goodman, chief executive at Edmond de Rothschild Asset Management UK, said. In fund manager Legg Mason's Global...

  • LONDON, June 9- Institutional asset managers worldwide suffered net outflows of $95.4 billion in the first quarter of 2016, data from research provider eVestment showed on Thursday, with equity strategies seeing the biggest outflows. The bulk of the outflows came in actively managed portfolios, which lost $70.5 billion, whilst passive equity strategies...

  • LONDON, June 9- Broker PhillipCapital UK said on Thursday it planned to raise the amount customers have to deposit with them because of the increased risk of sharp swings in the run-up to a British vote on membership of the European Union. Earlier this week, Saxo Bank also announced a hike in margins and collateral while other brokers like CMC and FXPro are...

  • *Overweight U.S. equities, European high-yield bonds. TOKYO, June 9- U.S. equities are an attractive investment as economic momentum is picking up and some bearish factors such as a strong dollar and low oil prices are diminishing, a top fund manager of UBS's $2 trillion wealth arm, told Reuters. Mark Haefele, Zurich- based global chief investment officer of UBS...

  • *Toshiba soars after India nuclear plants deal. TOKYO, June 9- Japan's Nikkei share average fell on Thursday as a strong yen soured the mood and dragged down large-cap shares. "Theses stocks listed on the Mothers market are not vulnerable to a strong yen compared to Nikkei-listed stocks," said Yoshihiro Okumura, general manager at Chibagin Asset Management.

  • TORONTO, June 8- Canada will try to supplement planned government investment in infrastructure with funding from private investors and wants to make the projects attractive to pension funds, Prime Minister Justin Trudeau said on Wednesday. There is a lot of opportunity for global capital, "Trudeau said at The Economist's Canada Summit conference in Toronto.

  • TORONTO, June 8- Canada will try to supplement planned government investment in infrastructure with funding from private investors, and wants to make the projects attractive to pension funds, Prime Minister Justin Trudeau said at a conference in Toronto on Wednesday. Trudeau's Liberals won an election in October on the back of a promise to run three...

  • CANADA PM SAYS WILL TRY TO MAKE ATTRACTIVE PITCH FOR PENSION FUNDS TO INVEST IN INFRASTRUCTURE.

  • TORONTO, June 8- The Canada Pension Plan Investment Board said on Wednesday it will invest $450 million in LongPoint Minerals, a company that invests in oil and gas mineral and royalty interests in the United States. CPPIB, which is Canada's biggest public pension fund, said the investment will be deployed over two to three years and will give it a majority stake in...

  • NEW YORK/ BOSTON, June 7- U.S. asset managers and hedge funds are wary about pouring more money into China until the government addresses its stock market crash last year and wild swings in the yuan, they said on Tuesday, as China unveiled measures to attract U.S. buyers of its assets. China will give the United States a 250 billion yuan investment quota for the first...

  • By Anjuli Davies, David French and Sophie Sassard. LONDON/ DUBAI, June 8- Investment banks are jostling to take part in the listing of a chunk of Saudi Arabia's state-owned oil giant Aramco as a portal to the lucrative deals they expect to flow from the kingdom's plan to revamp its economy. "For banks, being on this deal is a game-changer for the league tables," said one...

  • TOKYO, June 8- Japan's Nikkei share average eased on Wednesday as the strong yen soured investors' mood, while energy shares continued to benefit from higher oil prices. "The dollar-yen levels determine the Japanese market so people are staying cautious," said Toru Ibayashi, head of CIO Wealth Management at UBS Securities, adding that investors will likely stay on...

  • June 7- Yahoo Inc has hired boutique investment bank Black Stone IP LLC to sell about 3,000 of the internet company's patents, the Wall Street Journal reported, citing people familiar with the matter. The deadline for bids for the patents has been set for mid-June by Yahoo, according to the Wall Street Journal. In March, Yahoo said it would explore the sale of $1...

  • NEW YORK/ BOSTON, June 7- U.S. asset managers and hedge funds are wary about pouring more money into China until the government addresses its stock market crash last year and wild swings in the yuan, they said on Tuesday, as China unveiled measures to attract U.S. buyers of its assets. China will give the United States a 250 billion yuan investment quota for the first...

  • MOVES-BMO GLOBAL ASSET MANAGEMENT NAMES RICHARD WILSON CEO@. June 7- BMO Global Asset Management, a unit of Bank of Montreal, named Richard Wilson as chief executive officer and chief investment officer. Rajiv Silgardo, currently co-CEO of BMO Global Asset Management is retiring from the bank, effective August 1.

  • ASTENBECK ASSETS UNDER MANAGEMENT AT $2.4 BLN AT END-MAY, UNCHANGED FROM END-APRIL- INVESTOR LETTER.

  • OIL BULL ANDY HALL'S ASTENBECK HEDGE FUND UP 5 PCT IN MAY, FOR THIRD STRAIGHT MONTH OF GAINS- INVESTOR LETTER.

  • BEIJING, June 7- China will grant the United States a 250 billion yuan quota under its Renminbi Qualified Foreign Institutional Investor programme, a central bank vice governor said on Tuesday. Launched in 2011, the RQFII programme allows financial institutions to use offshore yuan to buy securities in mainland China, including stocks, bonds and money market...

  • BEIJING, June 7- China will grant the United States a 250 billion yuan quota under its Renminbi Qualififed Foreign Institutional Investor programme, a central bank vice governor said on Tuesday. Yi Gang made the announcement at the Strategic and Economic Dialogue talks in Beijing, without providing further details of the timeframe. Launched in 2011, the RQFII...

  • *Around 350 spot commodity trading platforms in China. SHANGHAI/ BEIJING, June 7- Chasing the promise of outsized returns, 48- year-old businessman He Xiaolun started trading oil last August on a platform developed by the Shaanxi Non-ferrous Metal Exchange. Over the next five months, he lost nearly 3 million yuan.