GO
Loading...

Asset Management and Custody Banks

More

  • LONDON, July 8- Energy exchange-traded products attracted almost $200 million in June as investors moved into crude oil after civil war broke out in Iraq, the latest monthly flows data from asset manager BlackRock showed.

  • July 7- Longview Asset Management LLC became the latest PetSmart Inc shareholder calling for the company's board to consider selling itself, even as the retailer said on Monday it was reviewing potential changes in its capital structure.

  • Second investor pushes for PetSmart to sell itself Monday, 7 Jul 2014 | 1:03 PM ET

    NEW YORK— A second PetSmart investor is pushing the pet food retailer to sell itself. Investment firm Longview Asset Management disclosed in a filing with the Securities and Exchange that it has a 9 percent stake in PetSmart and said the company needs to consider a sale to increase shareholder value.

  • LONDON, July 6- A flurry of initiatives by China to open up its currency, stock and bond markets inside and outside the country has failed so far to allay international investor concerns about performance, accessibility and liquidity.

  • Chinese assets warm, not hot for Western investors Sunday, 6 Jul 2014 | 5:00 AM ET

    LONDON, July 6- A flurry of initiatives by China to open up its currency, stock and bond markets inside and outside the country has failed so far to allay international investor concerns about performance, accessibility and liquidity.

  • *PetSmart rallies as hedge fund seek sale. NEW YORK, July 3- Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected.

  • Strong gains in its top holdings, including Canadian Pacific, Air Products& Chemicals and Burger King Worldwide helped fuel the rise. Ackman has spent much of June trying to convince pharmaceutical company Allergan, in which he is the biggest investor, to sell itself to rival Valeant Pharmaceuticals, with which he is working to negotiate a deal.

  • *PetSmart shares rise as much as 15 pct. July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, underlining troubles at the pet product retailer. Jana Partners reported a 9.9 percent stake in PetSmart, making it the company's largest shareholder.

  • Activist hedge fund wants PetSmart to weigh sale Thursday, 3 Jul 2014 | 10:42 AM ET

    NEW YORK— Shares of PetSmart Inc. jumped Thursday after an activist hedge fund reported a stake in the pet food retailer and said it wants PetSmart to consider selling itself.

  • July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet product retailer's shares up 15 percent. Jana Partners reported a 9.9 percent stake in PetSmart in a regulatory filing, making it the company's largest shareholder.

  • Dow tops 17,000 after strong jobs report Thursday, 3 Jul 2014 | 9:21 AM ET

    NEW YORK— The Dow Jones industrial average topped 17,000 for the first time Thursday, another in a string of records for the index that has lifted portfolios in a five-year bull market for stocks. The market closed early ahead of the Fourth of July holiday. "Right now the story is onward and upward," said Neil Massa, senior trader at John Hancock Asset Management.

  • July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet products retailer's shares up 13 percent in premarket trading.

  • Earlier Standard General had loaned its American Apparel shares to Charney, according to regulatory documents, allowing him to boost his stake in the company from about 27 percent to 43 percent. Charney had hoped to gain majority control, but American Apparel countered with an anti-takeover plan that prompted him to change his strategy.

  • NEW YORK, July 2- Some of the biggest global investors have started to pull back from riskier fixed-income assets even as the Federal Reserve keeps on a green light for risk. Loomis Sayles, GAM, and Standish are among those who say U.S. investment grade and high yield corporate bond prices have gone too far, making returns less compelling.

  • NEW YORK, July 1- Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.

  • China Credit Trust Co Ltd's "Credit Equals Gold #2" wealth management product, which raised 1.3 billion yuan from investors in 2011, may face difficulties repaying them when the product matures on July 25, the China Securities Journal reported, citing a statement by the company to investors.

  • NEW YORK, July 1- Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.

  • June 30- A South Carolina jury on Monday awarded $8.1 million to a former adviser who sold his wealth management business to BB&T Corp and later alleged that the company mismanaged his retirement nest egg with a risky strategy, according to a person familiar with the matter. A spokeswoman for BB&T Corp and a lawyer for the plaintiff declined to comment.

  • June 30- A jury in a South Carolina state court on Monday awarded $8.1 million to a former adviser who sold his wealth management business to BB&T Corp and later alleged that the bank mismanaged his retirement nest egg with a risky strategy, according to a person familiar with the matter.

  • *CSRC cracking down on insider trading at mutual funds. By Lu Jianxin and Pete Sweeney. SHANGHAI, July 1- A crackdown by Chinese regulators on insider trading in the country's $1.2 trillion mutual fund industry has sparked an exodus of fund managers from the industry.