GO
Loading...

Asset Management and Custody Banks

More

  • LONDON, Jan 9- The collapse in the oil price attracted bargain hunters to energy exchange-traded products in 2014, with inflows leaping in December even as the sell-off in oil intensified, global data from BlackRock and ETF Securities showed. Investors in the United States accounted for about 85 percent of the $3 billion- plus inflow into energy ETPs globally,...

  • LONDON, Jan 9- The downgrading of Tesco's debt to "junk" status could limit its negotiating power on potential asset sales as Britain's biggest retailer embarks on the long-awaited recovery plan designed to reverse its sliding fortunes. The move marks another fall from grace for Britain's biggest private employer, a staple of British pension funds that was...

  • BOSTON, Jan 9- Big European and American banks have found a productive place to park the energy sector's most distressed debt: the $2.7 trillion U.S. money market industry. Barclays Bank plc, Credit Suisse and Wells Fargo and others get overnight and short-term loans from companies that run money market mutual funds such as Fidelity Investments, BlackRock Inc,...

  • Jan 8- Executives at Vanguard Group, the No. 1 U.S. mutual fund company, said on Thursday deflation is a real risk for the global economy while downplaying inflation concerns for the United States. 'Vanguard Chief Investment Officer Tim Buckley said during a live webcast. "Once you're in the cycle, it very difficult to get out," Vanguard Chairman William McNabb added.

  • NEW YORK, Jan 8- Pimco, the bond fund manager, is expanding its presence in equity management with seven new stock strategies in partnership with asset manager Research Affiliates LLC. Pacific Investment Management Co and Research Affiliates are both based in Newport Beach, California. Pimco, a unit of Munich- based insurer Allianz SE, had $1.87 trillion in assets...

  • RENOWNED OIL TRADER ANDY HALL'S ASTENBECK HEDGE FUND GAINS 10 PCT IN 2014 FOR BEST YEAR SINCE 2010- INVESTOR LETTER.

  • Investors turn more cautious on "Frontier" debt Thursday, 8 Jan 2015 | 7:35 AM ET

    Within the diverse group of economies, which ranges from Belarus and Belize to Egypt and Pakistan, interest is likely to shift in 2015 towards energy importing nations that will benefit from cheaper crude, and away from oil exporters. Debt issuance by frontier countries is a small proportion of the total for emerging markets, which are dominated by bigger names...

  • Most of Bill Gross's Janus money came from... Thursday, 8 Jan 2015 | 6:49 AM ET
    Bill Gross during CNBC interview

    More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.

  • LONDON, Jan 8- Commodities were the worst performing asset class for the third year running in 2014.. Investors, including some of the world's largest pension funds, have seen billions of dollars of wealth disappear as a result of investing in commodity index products over the last decade. "Facts and fantasies about commodity futures," first published in 2004 by...

  • Jan 8- New York's financial regulator sent a subpoena to the Medley Opportunity Fund II last week as he investigates the hedge fund's ties to payday lending, Bloomberg reported, citing a person familiar with the matter. Benjamin Lawsky, superintendent of Department of Financial Services, is seeking records from the fund on its investments in payday lenders,...

  • Jan 8- New York's financial regulator sent a subpoena to the Medley Opportunity Fund II last week as he investigates the hedge fund's ties to payday lending, Bloomberg reported, citing a person familiar with the matter. Benjamin Lawsky, superintendent of Department of Financial Services, is seeking records from the fund on its investments in payday lenders,...

  • BOSTON, Jan 7- Vanguard Group Inc plans to publish new details about how it voted at annual shareholder meetings, in a move likely to raise the heat on some of the nation's top companies. It follows the lead of BlackRock Inc, the world's largest asset manager, which ramped up its publishing of similar reports last year. Like BlackRock, Vanguard will not name specific...

  • Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in California, the Wall Street Journal reported on Wednesday, citing industry executives who have viewed confidential brokerage data. The wealth management office in La Jolla, California, which employs one...

  • Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in Southern California, the Wall Street Journal reported, citing industry executives who have viewed confidential brokerage data. Bill Gross left PIMCO to join Janus Capital in September.

  • U.S. hedge fund plans to take on big pharma over patents Wednesday, 7 Jan 2015 | 12:59 PM ET

    OSLO, Jan 7- U.S. hedge fund manager Kyle Bass, who won fame for predicting the subprime mortgage crisis in 2008, plans to take on some of the world's biggest drug producers by challenging the patents of their top brands, he said on Wednesday. Bass, the founder of Dallas- based Hayman Capital Management, L.P., said some drug firms were hanging onto patents in...

  • Jan 7- When Teacher Retirement System of Texas' investment chief learned that his son got an entry-level job at Blackstone Group LP, he checked with his employer about whether he should stay away from the public pension fund's investments in the world's largest alternative asset manager. The pension fund's board decided Britt Harris, 56, should remain...

  • ON THE MOVE-United Capital hires a team of advisers Tuesday, 6 Jan 2015 | 1:13 PM ET

    Jan 6- United Capital Financial Advisers LLC, a unit of wealth management firm United Capital Financial Partners Inc, hired a team of two advisers with about $185 million in client assets. Charles Haynor, president of California- based firm Rayner& Haynor Investment Counselors, will become a managing director at United Capital. The firm's portfolio manager Hugh...

  • Jan 6- Raymond James Investment Advisors, a division of Raymond James Financial Inc, said it hired two advisers from Bank of New York Mellon Corp to form an advisory firm based in Tampa, Florida. Raymond Ifert, who managed $850 million in client assets at BNY Mellon's Tampa office, will head the firm, REI Wealth Management. A spokeswoman for BNY Mellon confirmed...

  • NYC grabs back top spot for global property investors Tuesday, 6 Jan 2015 | 12:01 PM ET

    Jan 5- New York City regained its top position among global commercial real estate buyers, unseating London and highlighting the appeal of U.S. properties in general, according to a survey of international investors released Tuesday. In the U.S., investors' top pick of New York was followed by San Francisco, Houston, Los Angeles and Washington, D.C., respectively.

  • LONDON, Jan 6- Energy hedge fund Andurand Capital returned 38 percent in 2014 betting on the collapse in oil prices, a source familiar with the matter said on Tuesday, emerging as one of the biggest winners from the near halving in crude since June. French fund manager Pierre Andurand, who made his name in 2008 by calling the sharp rise and subsequent collapse in oil...