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Asset Management and Custody Banks

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  • July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.

  • Forbes sells majority stake to group of investors Friday, 18 Jul 2014 | 3:25 PM ET

    NEW YORK— Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong- based investor group. The buyers are led by Integrated Asset Management Ltd., a Hong Kong investment firm that invests in telecommunications, finance and technology companies.

  • NEW YORK, July 18- Investors worldwide poured $6.2 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

  • Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid advance of Islamist insurgents in northern Iraq threatened supplies from OPEC's second-largest producer at the same time that peak summer demand was approaching.

  • Steve Forbes will continue to serve as chairman and editor-in-chief. The buyer is a newly formed consortium out of Hong Kong called Integrated Whale Media Investments, led by Integrated Asset Management, an investment company that focus on the technology, finance and telecommunications sectors, and Wayne Hsieh, the co-founder of Asustek Computer Inc..

  • July 17- Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. Consider its passive investment in RadioShack's stock, which has fallen about 69 percent this year.

  • Mutual fund trends: Bonds still in demand Thursday, 17 Jul 2014 | 4:26 PM ET

    NEW YORK— Experts say bonds are less attractive than stocks. Investors are continuing to pour money into bond mutual funds despite the warnings from Wall Street. Investors noticed, and they plugged a net $3.48 billion into those funds last month, according to Morningstar.

  • Blackstone Group 2Q profit more than doubles Thursday, 17 Jul 2014 | 12:50 PM ET

    NEW YORK— The Blackstone Group saw second-quarter profit more than double, buoyed by strong performance fee growth. The New York private equity firm earned $517 million, or 65 cents per unit, for the quarter.

  • July 17- Wall Street bank Morgan Stanley's quarterly earnings more than doubled, beating market estimates, as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • July 17- Wall Street bank Morgan Stanley's quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • July 17- Wall Street bank Morgan Stanley's quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • Morgan Stanley quarterly profit more than doubles Thursday, 17 Jul 2014 | 7:21 AM ET

    July 17- Wall Street bank Morgan Stanley's quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • July 17- Standard General, a little-known hedge fund that has taken the reins of American Apparel, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney.

  • PUTIN SAYS IMF CASH FOR UKRAINE HAS ENDED UP IN PRIVATE BANKS OF UKRAINIAN BILLIONAIRES.

  • UPDATE 1-Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 5:41 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • NEW YORK, July 16- Billionaire investor John Paulson on Wednesday called Valeant Pharmaceuticals International Inc a "very serious acquirer" and predicted that Allergan Inc cannot rebuff the drug maker on its own.

  • Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 3:04 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • Hedge fund manager Cooperman says market gains will slow Wednesday, 16 Jul 2014 | 12:19 PM ET

    NEW YORK, July 16- Hedge fund manager Leon Cooperman, who has forecast that the Standard& Poor's 500 stock index will hit 2000 this year, cautioned on Wednesday that gains will be slower as the market is more fairly valued now.

  • BOSTON, July 16- The head of Harvard University's endowment said on Wednesday she does not regret the Ivy League school's relatively low 11 percent allocation to publicly traded U.S. stocks during the stock market's long bull run. Harvard has long pioneered investments in alternative assets, including private equity and other less liquid instruments.

  • NEW YORK, July 16- BlackRock Inc, the world's largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its products across asset classes. BlackRock's iShares exchange-traded funds business drove the bulk of the asset manager's long-term net flows during the quarter.