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Asset Management and Custody Banks

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  • 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...

  • LONDON, Jan 6- Oil hedge fund Andurand Capital returned 37.9 percent in 2014 betting on lower crude prices, a source familiar with the matter said on Tuesday, emerging as one of the biggest winners from the near halving in prices since June. French fund manager Pierre Andurand, who made his name in 2008 by calling the sharp rise and subsequent collapse in oil prices...

  • The euro fell to a near nine-year low against the dollar of $1.18605 on the EBS platform, tumbling on political uncertainty in Greece and fears of a possible Greek exit from the euro zone. The Greece question was front and center for Paul Nolte, portfolio manager at Kingsview Asset Management. "What you've done is thrown that entire area up for grabs, it will be very...

  • Jan 5- Morgan Stanley said an employee stole data from up to 10 percent of its wealth management clients, including account names and numbers, but there was no evidence of economic loss. Morgan Stanley said information of about 900 clients had been briefly posted on the Internet. Morgan Stanley discovered the theft on Dec. 27 as part of a regular sweep of the...

  • Jan 5- Morgan Stanley said an employee stole data from up to 900 clients of its wealth management division, including account names and numbers, but there was no evidence of economic loss. The bank said the employee had been fired and law enforcement and regulatory authorities had been advised. Morgan Stanley said about 10 percent of its wealth management...

  • Citigroup appointed Shreyas Bordia managing director in its EMEA energy team based in London. Bordia joins from Morgan Stanley, where he was part of the energy team with a primary focus on the E&P and oil field services sectors, Citigroup said in a statement. DeBono, based in London, will focus on risk management and valuation of complex assets at FTI Consulting,...

  • Hedge fund founder, 70, slain in NYC apartment Monday, 5 Jan 2015 | 8:43 AM ET

    A 70- year-old hedge fund founder has been shot dead in his New York apartment.

  • MOVES- Berkshire Partners, Nomura, Avista Advisory Monday, 5 Jan 2015 | 7:10 AM ET

    The buyout firm named Dave Bordeau, Marni Payne and Raleigh Shoemaker managing directors, who, along with 19 other managing directors, will manage the firm and its affiliated investment funds. The bank named Amanda Chen deputy head of its wealth management arm for Asia, ex- Japan. Cheah, who is based in Singapore, joins Avista from BNP Paribas Securities, where she...

  • Jan 5- Global Prime Partners, a brokerage and trading services provider, appointed Andrew Bole as chief operating officer. Bole has more than 15 years of management experience in the industry and joins from IG Group Holdings where he was chief risk officer. Global Prime provides prime brokerage and trading services to hedge funds, asset managers and...

  • Jan 5- Dexion Capital Plc, an alternative investment bank, appointed Magnus Spence head of asset management. Spence will be responsible for expanding the company's range of real asset and alternative credit fund offerings, Dexion Capital said in a statement. In 2002, Spence co-founded Dalton Strategic Partnership LLP, an investment management firm with...

  • Jan 4- A U.S. hedge fund founder was found shot to death in his Manhattan apartment on Sunday, and New York police are seeking his son for questioning, authorities said. Thomas Gilbert, 70, founder of the Wainscott Capital Partners Fund, was shot once in the head around 3:30 p.m. EST inside his apartment bedroom, police said in a statement. Gilbert, a graduate of...

  • UK stock pickers post weak results, half lag index Sunday, 4 Jan 2015 | 3:00 AM ET

    *M&G Recovery, Schroder UK Opportunities funds among losers. About 85 percent of the funds had exceeded gains in UK's main FTSE 100 Index in 2013, data from Thomson Reuters Lipper showed. UK- focused equity funds managed about $400 billion in assets at the end of September, the most by any other country-focused funds in Europe and only about $83 billion less than...

  • NEW YORK, Jan 2- U.S. The Institute for Supply Management said its index of national factory activity fell to 55.5, below economists expectations for 57.6, from 58.7 the month before. "On a day where there are probably not many people around, even a small decline is noteworthy," said Jim Kochan, chief fixed income strategist at Wells Fargo Funds Management in Menomonee...

  • Growth pauses for U.S. public pension fund investments Wednesday, 31 Dec 2014 | 12:25 PM ET

    WASHINGTON, Dec 31- The breakneck growth of U.S. public pension assets paused in the third quarter of the year, due to falling earnings, U.S. The $3.31 trillion in cash and security holdings was slightly less than the record $3.37 trillion of the second quarter. That was still above $3.06 trillion in the third quarter of 2013..

  • Dec 31- Revelers ringing in of the new year this week need to watch out for the next day's hangover. And yet Wall Street analysts' estimates for S&P 500 earnings growth for coming quarters are languishing in the mid-single digits. "Multiples almost always go down when the Fed raises rates- you're going to have to depend on earnings," said Jim Paulsen, chief investment...

  • BOSTON, Dec 30- Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on Tuesday. The short answer is yes, "they wrote, adding" We expect asset flows into hedge funds of at least between $90 billion and $110 billion in 2015. "Hedge funds manage roughly...

  • CAIRO, Dec 24- Kellogg Co, the world's largest maker of breakfast cereals, raised its bid for Egyptian snack maker Bisco Misr on Wednesday, topping a rival offer from UAE's Abraaj in an intensifying $144 million takeover battle. Kellogg's latest bid, for 89.86 Egyptian pounds per share, came on the heels of an offer earlier in the day by Abraaj Asset Management for...

  • SHANGHAI, Dec 24- China will expand a trial programme next year to allow the creation of purely private banks and ease the entry of private capital into the banking sector, China Banking Regulatory Commission chairman Shang Fulin was quoted saying in state media. The official China Securities Journal on Wednesday reported Shang saying at a meeting that the...

  • BEIJING, Dec 23- New players in China's shadow banking sector are growing rapidly despite attempts to clamp down on opaque lending, taking advantage of a regulatory anomaly to prosper but also raising the risks of a build-up of debt in the slowing economy. Authorities have sought to rein in the riskiest elements of less-regulated lending after a series of...

  • Dec 22- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said. The state funds are part of the so-called grand bargain, which includes $366 million from philanthropic foundations and $100 million...