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Asset Management and Custody Banks

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  • *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.

  • WASHINGTON, Dec 16- A preliminary analysis of a new trove of hedge fund data has found that the industry may not be as risky as conventionally thought, a U.S. Treasury Department official said on Monday.

  • BOSTON, Dec 16- Herbalife Ltd on Monday said a new audit yielded no changes to its financial statements, sending its shares up by more than 9 percent and dealing a blow to hedge fund manager William Ackman, who is betting against the stock. Herbalife shares surged 9.4 percent to end regular trading at $74.83, up 127 percent year to date.

  • UPDATE 2-Swiss fund manager Gottex to buy EIM Group Monday, 16 Dec 2013 | 3:13 PM ET

    BOSTON, Dec 16- Arpad Busson will sell his EIM Group to alternative investment manager Gottex Fund Management Holdings Ltd for $38 million, in a deal underscoring a trend of consolidation in the $2.5 trillion industry. Earlier this year, Morgan Creek Capital Management announced plans to buy Signet Capital, and last year Franklin Resources bought K2 Advisors.

  • Dec 16- Vanguard Group, the top U.S. mutual fund company, is poised to capture the most fund flows for a third straight year, according to Morningstar Inc.. Through the end of November, Vanguard funds had captured $65.3 billion in fund flows, Morningstar said.

  • Hedge funds cash in on Peugeot as GM takes exit hit Friday, 13 Dec 2013 | 11:56 AM ET

    *GM offloads Peugeot stake, loses $82 mln. PARIS/ LONDON, Dec 13- Hedge funds have reaped some $190 million this week from betting against Peugeot, in contrast with GM, whose own investment in the French carmaker proved to be a loser.

  • NEW YORK, Dec 13- With a nearly 50 percent gain in his portfolio for the year, fund manager Michael Corbett might be expected to coast into January. "I'm interested in finding the five baggers," which Wall Street calls a stock that appreciates to more than five times its purchase price.

  • LONDON, Dec 13- What if 3 percent is the new 8 percent? According to the OECD, the weighted average real net investment return of pension funds which manage combined assets of over $32 trillion was 4.4 percent in 2012, and just 0.2 percent in the year before.

  • GRAPHIC-Talk of asset bubbles is hot air ... mostly Friday, 13 Dec 2013 | 7:11 AM ET

    LONDON, Dec 13- With many markets scaling record highs thanks to the largesse of the world's major central banks, talk of asset bubbles is rife. But by many measures, such talk appears unjustified.

  • COPENHAGEN, Dec 13- Six Danish pension funds have decided to leave the private organisation behind the U.N.-backed Principles for Responsible Investment because of what they say are problems of corporate governance within the organisation. With total assets worth more than 600 billion Danish crowns ATP ranks among the largest pension investors in Europe.

  • Jury for SAC's Steinberg hears origins of Dell tips Thursday, 12 Dec 2013 | 4:09 PM ET

    NEW YORK, Dec 12- A former asset management firm analyst testified Thursday that he received detailed tips from a friend at Dell Inc, giving prosecutors a link to show how SAC Capital Advisors portfolio manager Michael Steinberg obtained inside information.

  • NEW YORK, Dec 12- U.S. stocks dipped on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus. "Year-end activity is clouding reactions to some economic news," said Drew Wilson, an analyst at Fenimore Asset Management in Cobleskill, New York.

  • LONDON/ PARIS, Dec 12- European equity investors, flush from 30 percent gains after a two-year rally, are turning twitchy. Combined with a trickle of profit warnings in Europe and a still shaky economic recovery, that is taking the shine off stocks which are no longer cheap on all measures.

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