Asset Management and Custody Banks


  • NEW YORK, March 28- WisdomTree Investments Inc has paid a price for being so dependent on its flagship Japan fund- as that market reversed fortune this year, shares of the asset manager fell nearly 30 percent and Citi analysts downgraded its stock.

  • LONDON, March 28- The heavy outflow from emerging market equity funds all but ceased in the last week data from EPFR Global showed on Friday, a sudden halt that boosted hopes the recent pounding of EM assets may be abating.

  • At the Reuters ASEAN Summit, two of the country's largest companies, Siam Cement PCL and Charoen Pokphand Foods PCL, outlined growth strategies that are now firmly focused outside their home country.

  • Ares Management prepares to file for IPO -sources Thursday, 27 Mar 2014 | 5:40 PM ET

    March 27- Ares Management LLC, the credit investment and private equity firm that has been pitched on the idea of an initial public offering for more than a year, is finally close to registering to go public, according to two people familiar with the matter. JPMorgan Chase& Co and Bank of America Corp will be among the underwriters, they added.

  • March 26- Canadian fund manager AGF Management Ltd reported a 10 percent rise in quarterly profit as lower stock compensation expenses more than offset the impact of a decline in revenue.

  • Alibaba launches entertainment investment fund Wednesday, 26 Mar 2014 | 6:04 AM ET

    BEIJING, March 26- China's Alibaba Group Holding Ltd, the world's biggest e-commerce company, will launch a fund that allows customers to invest in entertainment products, the company said on Wednesday, as it expands its financial services platform.

  • NEW YORK, March 26- Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers, according to sources familiar with the situation.

  • Last June the SEC put forth a plan, mostly focusing on prime funds for institutional investors, which called for two alternative proposals that could be adopted alone or in combination.

  • The lawsuit, pending in Los Angeles federal district court, was filed by NML Capital, a unit of billionaire hedge fund manager Paul Singer's Elliott Management Corp, as part of a long-running series of court battles over Argentina's $100 billion default.

  • So-called momentum stocks were still down for the day but off their lows, including Netflix, down 2.1 percent at $370.84. Netflix has declined for 14 of the past 15 sessions, falling almost 19 percent over that stretch.

  • *HSBC to review Bank of Cyprus restructuring options. *Bank of Cyprus looks at bonds to repay c. bank funds. NICOSIA, March 25- Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a "bad bank", chief executive John Hourican said.

  • NEW YORK, March 25- Stocks on Wall Street were mixed on Tuesday after robust U.S. consumer confidence data, while Russian assets rose after major industrialized nations warned of additional sanctions without committing to a particular action.

  • LONDON, March 25- European banks such as Societe Generale, Credit Agricole and Unicredit will likely have to pay investors a higher return to buy the risky bonds that banks use to strengthen their balance sheets after the crisis in Ukraine forces a rethink about the potential dangers from such investments.

  • *Walgreen, McCormick shares rally after results. NEW YORK, March 25- U.S. stocks rose on Tuesday as many of the market's biggest trading favorites regained their momentum and a strong read on consumer confidence boosted optimism about economic conditions.

  • SINGAPORE, March 25- Rising U.S. interest rates and the Federal Reserve winding down economic stimulus mean investors in Southeast Asian bonds must anticipate near-term jitters and increased yields, said the Asia-Pacific head of fixed income at State Street Global Advisors.

  • *Portugal, Greece shares and debt Europe's winners in 2014. LONDON, March 24- Yield-hungry investors are flocking back to Greek and Portuguese markets, shunned by international buyers for four years, as the outlook for the bailed-out countries improves and alternatives look more expensive or increasingly risky.

  • Pimco launches first closed-end fund in Canada Friday, 21 Mar 2014 | 1:40 PM ET

    March 21- Pacific Investment Management Co on Friday launched the Pimco Global Income Opportunities Fund, one of the largest closed-end funds to list on the Toronto Stock Exchange, according to a statement by the firm.

  • LIPPER AWARDS-The moving target of target-date funds Friday, 21 Mar 2014 | 12:01 AM ET

    NEW YORK, March 21- If there has been a grand-slam home run among investment products in recent years, it is the target-date retirement fund. Their popularity has proved eye-popping since they came into vogue, especially since 2006 when they were approved by Congress as default investment options in 401 plans.

  • March 20- Vermillion, the commodity arm of U.S. private equity group Carlyle Group LP, started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, people familiar with the matter said on Thursday.

  • March 20- Vermillion, the commodity arm of U.S. private equity group Carlyle Group LP, has started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, people familiar with the matter said on Thursday.