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Asset Management and Custody Banks

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  • *World equities markets keep rallying; U.S., Germany at records. *Turkey's lira hits record low as political crisis deepens. NEW YORK/ PARIS, Dec 27- U.S. benchmark government bond yields rose above 3 percent, hitting a two-and-a-half year high on Friday, while major global equity markets extended gains to a seventh day in a broad year-end surge.

  • Dec 24- Puerto Rico's Senate by the thinnest of margins has approved an overhaul of the Caribbean island's deficit-ridden Teachers Pension Fund, which U.S. credit ratings agencies have said is essential to it holding onto its investment-grade bond ratings.

  • TOKYO, Dec 24- Japan's Government Pension Investment Fund, the world's largest pension fund, on Tuesday said Boston- based Wellington Management Company is the ninth manager of its $161 billion foreign stock portfolio. In September, the fund appointed eight managers for the foreign equity portion of its entire $1.2 trillion portfolio.

  • BOSTON, Dec 23- Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, activist hedge fund manager William Ackman wrote to his investors on Monday. Herbalife spokeswoman Barbara Henderson said the company has no comment.

  • Hedge funds lose out to equities, again Sunday, 22 Dec 2013 | 7:01 PM ET

    LONDON, Dec 23- For hedge funds that made money this year there was only one strategy that really mattered- latching onto the stockmarket rally.

  • *JPMorgan puts global company cash pile at over $5 trln. They spent nearly $3 trillion on buybacks globally since 2008, Thomson Reuters data shows, a rise of more than $150 billion from the 2002-2007 period. European M&A is down nearly a quarter on last year to $511 billion, according to Thomson Reuters data.

  • SEATTLE, Dec 19- The U.S. Department of Justice and the Securities and Exchange Commission charged two Seattle men on Thursday with 35 counts of illegally trading on private Microsoft Corp information, which prosecutors said netted the pair more than $390,000 in illicit profits over an 18- month period.

  • Neuberger Berman starts second alternative mutual fund Thursday, 19 Dec 2013 | 5:41 PM ET

    NEW YORK, Dec 19- Neuberger Berman Group LLC has launched its second mutual fund that employs external hedge fund managers to manage its assets, the New York- based investment firm said on Thursday.

  • LONDON, Dec 19- The collapse of FX Concepts, once the world's biggest currency hedge fund, is symptomatic of the dramatic decline in a once-profitable sector that faces another tough year in 2014 at the mercy of central bank policy.

  • *Fed to cut monthly stimulus to $75 bln. NEW YORK, Dec 18- Gold fell about 1 percent in choppy trade on Wednesday, after the U.S. In what amounts to the beginning of the end of its unprecedented support for the U.S. economy, the central bank said it would reduce its monthly asset purchases by $10 billion, bringing them down to $75 billion.

  • PRECIOUS-Gold rises in choppy trade after Fed decision Wednesday, 18 Dec 2013 | 3:07 PM ET

    *Gold initially falls before rebounding, tracking equities. NEW YORK, Dec 18- Gold rose on Wednesday, extending gains after the U.S. Gold prices initially fell in a knee-jerk response, but it quickly rebounded, tracking the equity market, while the dollar fell against the euro.

  • NEW YORK, Dec 18- U.S. "The five-year note auction was terrible," said John Canavan, analyst at Stone& McCarthy Research Associates in Princeton, New Jersey.

  • *Gold, oil fall after recent push. NEW YORK, Dec 17- Stock prices dipped and the dollar ended little changed on Tuesday as the U.S. "The most recent data has pulled forward expectations on when tapering could start," said Hayes Miller, who helps oversee about $57 billion as head of asset allocation in North America at Baring Asset Management in Boston.

  • Dec 17- Commodity assets lost $88 billion in value through November, the largest decline for the first 11 months of the year on record, from a combination of investor exits and from price drops that took place mostly in gold, Barclays said on Tuesday.

  • Dec 17- Commodity assets lost $88 billion in value through November, the largest decline for the first 11 months of the year on record, from a combination of investor exits and from price drops that took place mostly in gold, Barclays said on Tuesday.

  • LONDON, Dec 17- European shares fell on Tuesday, resuming a downward slide seen for much of this month as the U.S. CGG shares plummeted 16.9 percent in massive volumes, on track for their biggest one-day percentage drop in five years, also hitting rivals like Technip.

  • LONDON, Dec 17- European shares fell on Tuesday, resuming a downward slide seen for much of this month as the U.S. CGG shares plummeted 15.4 percent in massive volumes, on track for their biggest one-day percentage drop in five years, and hitting rivals like Technip.

  • LONDON, Dec 17- The number of investors who think the dollar is cheap has hit its highest level since August 2008, encouraging asset managers to avoid emerging market assets, commodities and the yen, a survey showed on Tuesday.

  • European shares slip; CGG tumbles 15 pct Tuesday, 17 Dec 2013 | 7:13 AM ET

    PARIS, Dec 17- European shares fell on Tuesday, trimming some of the previous session's gains, before a two-day Federal Reserve meeting where the central bank may decide to start tapering down its monetary stimulus.

  • European shares fall; CGG tumbles 14 pct Tuesday, 17 Dec 2013 | 4:10 AM ET

    PARIS, Dec 17- European shares fell on Tuesday, trimming some of the previous session's gains as investors were on edge ahead of a Federal Reserve policy meeting at which the central bank could decide to start trimming its stimulus.

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