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Asset Management and Custody Banks

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  • Nov 18- A Swiss banker charged in the United States last year with helping wealthy Americans avoid taxes said in a court filing on Tuesday that he wanted to fight the charges and asked a federal judge to consider his application for bail before he traveled to the United States. Stefan Buck, who remains in Switzerland and was head of private banking at Zurich- based...

  • NEW YORK, Nov 18- Several high-profile U.S. investors said on Tuesday that various parts of Latin America could outperform in the next year, but the region's largest economy, Brazil, could lag in 2015.. The sovereigns have certainly proven that, "said Luz Padilla, DoubleLine Capital's director of emerging markets fixed income, at the Reuters Global Investment...

  • NEW YORK, Nov 19- Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10- year private equity fund, according to people familiar with the matter. Blackstone is seeking as much as $2 billion apiece from five to six of its biggest public pension fund and...

  • NEW YORK, Nov 18- U.S. "The headline PPI is a little bit stronger, but what I think people are waiting for is whether there is any pass-through to consumers so we'll get to see that this Thursday when CPI comes out," said Dan Heckman, senior fixed income strategist, at U.S. Bank Wealth Management in Kansas City.

  • LONDON, Nov 18- Markets are overly worried about the U.S. Pascal Blanque, Chief Investment Officer at the $1.2 trillion Amundi Asset Management, sees a' low probability' of the Fed making its first rate rise in 9 years in 2015- despite consensus forecasts of a mid-year hike. What's more, investors needed to stay focused on the global liquidity pool, which is also being...

  • DUBAI, Nov 18- The Middle East's private equity market is trying to put its Wild West days behind it, drawing big international players for the first time since investors lost heavily when the global financial crisis hit the region. While most of the interest is focused on the stable Gulf Arab states, Western investors are still seeking risk premiums over markets...

  • investors in 2015- Northern Trust@. Wayne Bowers, head of asset management for EMEA and Asia at Northern Trust, said European markets could defy the "structural pessimism" of many investors, with central bank stimulus lifting asset prices even if the economic impact takes many months to filter through. On Japan, Bowers said that though economic data makes grim...

  • LONDON, Nov 17- Hedge funds have been badly wrong-footed by the slide in oil prices over the past five months, and by trying to turn their positions around have accelerated the rout. By the middle of June, hedge funds had a net long position in WTI-linked futures and options contracts equivalent to almost 413 million barrels of crude oil, according to the U.S....

  • BOSTON, Nov 14- Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller Diamondback Energy by 20 percent to own 1.4 million shares...

  • NEW YORK, Nov 14- Hedge funds scooped up shares of China's Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the biggest U.S. investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Soros Fund Management, the hedge fund...

  • NEW YORK, Nov 14- Hedge funds scooped up shares of Chinese company Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the country's biggest investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Jana Partners, the $11...

  • PARIS, Nov 14- The French economy eked out 0.3 percent growth in the third quarter, the highest reading in over a year but not enough to lift the euro zone's second-largest economy out of its gloom nor fight rampant unemployment. We won't have a robust and lasting growth with that, "Natixis Asset Management chief economist Philippe Waechter said.

  • Third Point steps up pressure on Dow Chemical Thursday, 13 Nov 2014 | 7:29 PM ET

    Hedge fund Third Point is considering launching a proxy contest at Dow Chemical after negotiations over board seats broke down on Thursday.

  • BOSTON, Nov 13- Hedge fund Third Point is considering launching a proxy contest at Dow Chemical Co after negotiations over board seats with the largest U.S. chemical company broke down on Thursday, two sources familiar with the talks said. Third Point, one of Dow's biggest investors with a 2 percent stake, had been talking to the company for months and was told last...

  • Hedge funds poised to pile into China via 'connect' Thursday, 13 Nov 2014 | 6:20 PM ET

    When the landmark Hong Kong-Shanghai equity link debuts on Monday, hedge funds are expected to plunge into mainland shares.

  • HONG KONG, Nov 14- When the landmark Hong Kong- Shanghai equity link debuts on Monday, a class of investors that China has kept at arm's length until now- hedge funds- are expected to plunge into mainland shares. Beijing aims to control inflows and volatility hikes by imposing a daily quota of 13 billion yuan plus restrictions on short selling. "The Chinese government...

  • BOSTON, Nov 13- Hedge fund Marcato Capital Management has bought a 1.6 percent stake in the Bank of New York Mellon, becoming the second prominent activist investor in recent months to disclose a position in the world's largest custody bank, according to a regulatory filing. San Francisco- based Marcato's stake is valued at $688 million, making it the biggest...

  • ACTIVIST HEDGE FUND MARCATO CAPITAL MANAGEMENT TAKES STAKE IN BANK OF NEW YORK MELLON- REGULATORY FILING.

  • Manulife, Canada's largest insurer, earns the bulk of its profit in North America but also has a fast-growing Asian unit. Insurance sales fell 19 percent in the United States, where Manulife owns John Hancock, and slumped 23 percent in Canada. Toronto- based Manulife said insurance sales rose 46 percent in Asia, while wealth management sales surged 74 percent.

  • But a series of failed deals, including the collapse of a $55 billion tie-up between UK drugmaker Shire and U.S. peer AbbVie, has led to losses for some of the world's biggest proponents of the strategy, with investors pulling out $3.3 billion in the last two months alone. "The AbbVie/ Shire break, in particular, has led to a far reaching de-risking exercise for many...