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Asset Management and Custody Banks

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  • NEW YORK, May 5- Global insurance firms are embracing risk in their portfolios this year, as they plan to increase allocations to alternative investments such as private equity and infrastructure debt, according to the third annual survey by Goldman Sachs Asset Management released on Monday.

  • HONG KONG/ SINGAPORE, May 5- China's only listed bad debt management firm Cinda Asset Management is offering bonds worth at least $500 million as it seeks to boost funding in anticipation of a spike in bad loans as economic growth slows.

  • HONG KONG/ SINGAPORE, May 5- China's only listed bad debt management firm Cinda Asset Management is offering bonds worth at least $500 million, its first U.S.-dollar denominated debt, two fund managers who attended a company presentation said on Monday.

  • HONG KONG/ SINGAPORE, May 5- China's only listed bad debt management firm Cinda Asset Management is offering bonds worth at least $500 million, its first U.S.-dollar denominated debt, two fund managers who attended a company presentation said on Monday.

  • BOSTON, May 3- A U.S. court rejected activist hedge fund manager Daniel Loeb's bid to force auction house Sotheby's to remove its shareholder rights plan, which limits the amount of stock he can buy.

  • *Goldman Sachs, Morgan Stanley global coordinators. ATHENS, May 2- Greece's largest lender, National Bank, will launch the bookbuilding process for its 2.5 billion euro equity offering on May 6 and announce the pricing of the new shares on May 9, an NBG official told Reuters on Friday.

  • May 2- Shares of Ares Management LP, the first U.S. private equity firm to go public in about two years, fell as much as 5.3 percent in their trading debut on Friday, adding to the list of underperforming IPOs over the past month. The company's shares fell to a low of $18 in early trading on the New York Stock Exchange, $1.00 below their offer price.

  • *William Hill, Ladbrokes shares dropped in past 12 months. According to Markit data, interest from short sellers in several British betting firms has risen over the past two months, with Ladbrokes shares on loan climbing to more than 6 percent of the total available, from 4.7 percent, while William Hill's shares on loan have risen to 2.6 percent from 0.3 percent.

  • May 1- Ares Management LP could raise only about half of what it had intended from its initial public offering as weak demand led the investment firm to cut the offering size and price units below its anticipated range.

  • NEW YORK, May 1- Invesco Ltd, which oversees the PowerShares line of exchange-traded funds, said on Thursday its first-quarter profit fell 15.5 percent, pressured by an increase in operating expenses that included a fine from British regulators. The fine reduced Invesco's quarterly diluted earnings per share by 7 cents, the company said.

  • *Inflation has come down a bit, economy emerging from recession. DUBAI, May 1- A sharp drop in the rial currency reveals heavy pressure on Iran's economy as President Hassan Rouhani struggles to deliver higher living standards and shore up domestic political support for a nuclear deal with world powers.

  • May 1- Asset manager Legg Mason Inc's quarterly profit more than doubled as operating expenses fell and investors poured more money into its funds. Legg Mason said total assets under management rose 3.3 percent to $701.8 billion as of March 31 from the preceding quarter. Legg Mason has witnessed net outflows in seven of the last ten quarters.

  • May 1- Investment bank and asset manager Lazard Ltd more than doubled its adjusted quarterly profit as its merger advisory revenue soared in a thriving M&A market. Lazard's financial advisory revenue soared 64 percent to $275.5 million in the first quarter ended March 31, driven by a doubling of M&A and other advisory fees.

  • TORONTO, May 1- Manulife Financial Corp said on Thursday its first-quarter profit rose by more than 50 percent as a stronger investment performance and higher wealth management fees more than offset weaker insurance sales, but the results just missed analysts' estimates.

  • April 30- Private equity firm Carlyle Group LP reported an 18 percent drop in quarterly profit on Wednesday as strength in its main business of corporate buyouts was offset by weaker performances in its credit and real-estate funds.

  • *Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.3 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.

  • Alstom surge cushions dip in European shares Wednesday, 30 Apr 2014 | 10:28 AM ET

    *Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.8 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.

  • Deutsche rolls out 'All China' exchange-traded fund Wednesday, 30 Apr 2014 | 9:30 AM ET

    NEW YORK, April 30- U.S. investors starting on Wednesday will be able to use a single exchange-traded fund to invest in China's onshore and offshore equities markets when Deutsche Asset and Wealth Management launches the first U.S.-listed ETF with broad exposure to multiple China share classes.

  • April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit on Wednesday as asset sales slowed and compensation costs rose. ENI was 85 cents per adjusted unit after taxes, below the average analyst estimate of $1.01, according to Thomson Reuters I/B/E/S.

  • UPDATE 1-Carlyle profit falls as compensation costs rise Wednesday, 30 Apr 2014 | 7:00 AM ET

    *First-qtr ENI $0.85 vs est $1.01/ unit. April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit as compensation costs rose. Total assets under management rose to $198.9 billion from $176.3 billion a year earlier.