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Asset Management and Custody Banks

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  • WASHINGTON— U.S. regulators have labeled insurer MetLife as a potential threat to the financial system, a designation that brings stricter government oversight. MetLife said Thursday that the Financial Stability Oversight Council has designated the company as "systemically important." As a result, MetLife must increase its cushion of capital against...

  • Investors say 'bye,' but not 'ciao,' to stock pickers Thursday, 18 Dec 2014 | 3:52 PM ET

    NEW YORK— Stock pickers might as well wear a scarlet "A." "Active management" is becoming more of a taboo when it comes to mutual funds. Bill Miller, for example, became famous for guiding his fund at Legg Mason to better returns than the Standard& Poor's 500 index for 15 straight years.

  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • MIDEAST STOCKS-Gulf markets surge on stronger oil Thursday, 18 Dec 2014 | 8:25 AM ET

    *Saudi Arabia's finance minister says state to keep spending. *UAE companies buy back cheap shares. DUBAI, Dec 18- Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

  • BOSTON, Dec 17- A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud. Gratziani is a member of Herbalife's elite Chairman's Club sales team. The video of that training session was released publicly on...

  • SYDNEY, Dec 17- Increasingly controversial environmental issues in Australia and a global slump in commodity prices are putting pressure on Australia's A $1.8 trillion pension fund industry to adopt socially responsible investing policies- including a restriction on funding fossil fuels. Ethical funds have grown to more than A $150 billion this year from...

  • NEW YORK, Dec 16- Vanguard Group became the largest U.S. fund manager by assets by persuading investors that they don't need to pay for a stock picker. Under lead manager James Stetler, the $615 million Vanguard Strategic Small Cap Equity Fund, for example, topped its index by 3.2 percentage points a year over the same period. An investor who put $10,000 into the...

  • NEW YORK, Dec 16- Vanguard Group became the largest U.S. fund manager by assets by persuading investors that they don't need to pay for a stock picker. Under lead manager James Stetler, the $615 million Vanguard Strategic Small Cap Equity Fund, for example, topped its index by 3.2 percentage points a year over the same period. An investor who put $10,000 into the...

  • *Panic returns; UAE minister tries to reassure investors. *UAE markets hit 1- year lows, Oman at 2-1/ 2- year low. DUBAI, Dec 16- A fresh wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday as the price of Brent crude oil dropped below $60 a barrel for the first time since 2009..

  • DUBAI, Dec 16- The Arab energy exporting states of the Gulf can cope comfortably with sliding oil prices, an International Monetary Fund official said on Tuesday, as a plunge in regional stock markets showed some local investors were panicking. If those levels persist next year, the six rich nations of the Gulf Cooperation Council will face the most dramatic...

  • TORONTO, Dec 15- The parent of Canada's Porter Airlines is nearing the sale of a passenger terminal it operates at Toronto's Billy Bishop Airport, according to three sources familiar with the process. One of the sources familiar with the process said at least two separate bids are expected this week from pension fund manager Alberta Investment Management Corp...

  • *Qatar's Barwa Real Estate surges after fresh order. DUBAI, Dec 15- Most Middle East stock markets became more stable on Monday, after plunging in previous days, as the price of oil recovered slightly. Brent crude climbed above $62 per barrel, after hitting 5-1/ 2- year lows of $60.28 earlier, as traders began pricing in expectations of improving global...

  • LONDON, Dec 15- Investors are optimistic about private equity, but reconsidering their allocations to hedge funds, a survey showed on Monday. The Global Private Equity Barometer by Coller Capital showed that almost two-fifths of investors, or Limited Partners as they are known, are planning to increase allocations targets to private equity over the next year.

  • SHANGHAI, Dec 13- A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan, the state-owned China Securities Journal reported on Saturday, citing unidentified officials from the banking regulator. The fund, the first of its kind, will mark the capstone of Beijing's long campaign to insure all of China's financial...

  • NEW YORK, Dec 12- UBS AG's Wealth Management America on Thursday made it easier for brokers to earn a key bonus in 2015 under its revised compensation package, which could boost top advisers' overall pay to an all-time high. "It's the most we've ever created for advisers to earn," said Jason Chandler, head of UBS's Wealth Management Advisor Group for the eastern United...

  • The Dow industrials and major European equity indexes posted their biggest weekly losses in three years, as shares in Europe fell more than 2 percent and stocks on Wall Street, with the exception of Nasdaq, fell nearly as much. In Europe, the sell-off gathered pace in late trading, and the same occurred just before the end of U.S. trading. The fact that oil can't find a...

  • LONDON, Dec 12- The acrimonious divorce of Britain's most generous philanthropists, hedge fund billionaire Christopher Hohn and his estranged wife Jamie Cooper-Hohn, could lead to a split of one of the largest private charities in the world. "I am aware... that there have been discussions about the possibility of diverting funds from the UK Foundation into the U.S....

  • NEW YORK, Dec 12- The relentless slide in oil prices pressured energy stocks and currencies exposed to crude exports on Friday, while dampening appetite for riskier assets and encouraging investors to seek safety in core government bonds. The price of Brent crude fell to lows last seen in July 2009, with the global oil benchmark slipping toward $62 a barrel on...

  • European shares set for biggest weekly loss in 3 years Friday, 12 Dec 2014 | 11:11 AM ET

    The broad STOXX Europe 600 has lost 5.2 percent during the week, representing a wipeout in market capitalisation of roughly $468 billion, nearly twice the size of Greece's GDP. Saipem dropped 5 percent on Friday, hitting a 10- year low, while Royal Dutch Shell was down 2.4 percent, Repsol down 4.8 percent and CGG down 4.6 percent. Crude has dropped more than 45...