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Asset Management and Custody Banks

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  • Dividend growth likely to slow after record 2014 Monday, 16 Feb 2015 | 5:50 AM ET

    LONDON, Feb 16- A record-breaking year for dividends in 2014 is unlikely to be followed by much growth this year as a slump in oil prices and a surging U.S. dollar cast a shadow over payouts from energy and emerging markets companies, a new report has said. Asset-manager Henderson Global Investors said on Monday it expected global dividends to rise by 0.8 percent to...

  • NEW YORK, Feb 13- Third Point, one of the hedge fund industry's most closely watched funds, increased its stake in Chinese e-commerce site Alibaba during the fourth quarter, according to a regulatory filing late on Friday. Third Point, run by Daniel Loeb, increased its stake in Alibaba by 38.9 percent to 10 million shares. Alibaba's record $25 billion initial public...

  • Hedge fund Third Point increases stake in Alibaba Friday, 13 Feb 2015 | 5:39 PM ET

    NEW YORK, Feb 13- Hedge fund Third Point increased its stake in Chinese e-commerce site Alibaba during the fourth quarter, according to a regulatory filing late on Friday. Third Point, run by Daniel Loeb, increased its stake in Alibaba by 38.9 percent to 10 million shares. Alibaba's record $25 billion initial public offering was met with great fanfare last year,...

  • TORONTO, Feb 13- The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, expects to find more acquisition opportunities in the months ahead as global market volatility plays to its advantage, its chief executive said on Friday. CPPIB is the world's fourth largest pension fund and 12th largest fund, according to consultancy Towers...

  • TORONTO, Feb 13- The Canada Pension Plan Investment Board, one of the world's biggest pension funds, on Friday reported gross investment returns of 3.3 percent for its fiscal third quarter as strength in global equity markets boosted returns. CPPIB, which manages Canada's national pension fund and is a major global dealmaker, ended the quarter with net assets of...

  • LONDON, Feb 13- Emerging stocks hit a one-week high on Friday and headed for their second consecutive weekly gain, as a ceasefire agreement in Ukraine and signs of compromise in Greece's debt negotiations boosted investor sentiment. The MSCI emerging stocks index was up more than 1 percent, following a 1.5 percent gain in Asia. Driving the optimism was a...

  • RPT-China's CIC bought Tokyo landmark property-advisers Thursday, 12 Feb 2015 | 6:09 PM ET

    TOKYO, Feb 12- China's sovereign wealth fund China Investment Corp provided most of the capital for a more than $1 billion purchase of Tokyo's landmark property Meguro Gajoen from Mori Trust Co, in China's largest investment in Japanese property, advisers said. Mori Trust bought the complex in August from U.S. investment fund Lone Star for about 130 billion yen.

  • HEDGE FUND GLENVIEW'S ROBBINS LISTS MCDONALDS AS A FAVORITE PICK, SAYS TRIMS HOSPITAL SECTOR STOCKS.

  • BOSTON, Feb 12- Fidelity Investments said on Thursday operating profit rose 29 percent to $3.4 billion in 2014, but investors made $16 billion in net withdrawals from equity products, or more than double the amount the previous year. Fidelity continues to be undercut by a wave of money flowing into passively run funds, mostly ones overseen by Vanguard Group, the...

  • Though some portfolio managers including Pimco and Van Eck Global have pared their exposure in recent months, Venezuela remains among the largest positions for U.S. funds that focus on emerging market debt. The $4.6 billion TCW Emerging Markets Income Fund also has kept an overweight position, with 5 percent of assets invested in Venezuela.

  • UPDATE 1-Sun Life posts lower profit, says 2015 on track Wednesday, 11 Feb 2015 | 6:36 PM ET

    TORONTO, Feb 11- Sun Life Financial reported a lower fourth-quarter profit on Wednesday, but the Canadian insurer said it was on track to exceed its 2015 earnings target. Sun Life reported net income of C $502 million, or 81 Canadian cents a share, in the quarter ended Dec. 31, compared with a profit of C $550 million, or 90 Canadian cents a share, a year earlier.

  • UK may follow U.S. lead if pursues HSBC over tax Wednesday, 11 Feb 2015 | 1:30 PM ET

    LONDON, Feb 11- British authorities may follow a trail set by their U.S. counterparts in investigating allegations that HSBC's Swiss private bank helped its customers dodge taxes, lawyers say. Any prosecution against the bank or individuals could hinge on whether HSBC's Swiss private banking unit sent staff to the UK and advised clients on how to evade British...

  • Belgian judge withdraws arrest threat for HSBC directors Wednesday, 11 Feb 2015 | 12:51 PM ET

    BRUSSELS, Feb 11- HSBC has offered to co-operate with Belgian authorities and as a result a judge has withdrawn his threat to issue international arrest warrants against senior directors of its Swiss private banking arm, Brussels prosecutors said on Wednesday. The Belgian judge has charged the HSBC unit with tax fraud and money laundering, accusing it of...

  • NEW YORK, Feb 10- Pimco said on Tuesday that it has hired Joachim Fels, formerly managing director and chief economist at Morgan Stanley, as the world's biggest bond manager continues to bolster its ranks after a leadership shake-up over the last year. Fels will join as a managing director and global economic advisor, the Newport Beach, Calif.- headquartered...

  • WASHINGTON, Feb 10- The Obama administration on Tuesday set a goal of raising $2 billion in philanthropic investments to fight climate change, including technologies to slash carbon emissions. The Clean Energy Investment Initiative is seeking investments to try to bridge the "valley of death"- the gap in funding between research and development and...

  • Swiss scandal haunts HSBC's former boss Stephen Green Tuesday, 10 Feb 2015 | 12:17 PM ET

    DUBLIN, Feb 10- The scandal at HSBC's Swiss private banking arm is particularly awkward for former executive chairman Stephen Green. But the leaking of a vast array of detail about how HSBC's Swiss-based private bank allegedly helped some wealthy clients to dodge taxes has raised questions how Green apparently failed to spot serious control and compliance...

  • NEW YORK, Feb 10- Goldman Sachs Group Inc is trying to convince investors that its business model does not need to change. Those ideas run contrary to a common narrative on Wall Street about Goldman: It is good at earning money by trading and investing its own capital, but little else. "Most people will tell you Goldman makes almost all its money on trading- I hear it all...

  • Feb 10- KKR& Co LP on Tuesday reported an 89 percent drop in fourth-quarter profit, much steeper than expected, becoming the latest alternative asset manager to report lower earnings because of plunging oil prices. Peer Apollo Global Management LLC said last week its fourth-quarter profit fell by 79 percent. Adding to its woes was U.S. oil and gas producer Samson...

  • LONDON, Feb 10- British Business Secretary Vince Cable has written to HSBC questioning how quickly its Swiss private banking arm stopped practices which may have helped customers avoid tax, saying he's troubled by claims they "may have continued much more recently." In a letter to Douglas Flint, HSBC's group chairman, Cable said he was "particularly troubled" by...

  • NEW YORK, Feb 10- Goldman Sachs Group Inc is trying to convince investors its business model is more diverse than meets the eye. Those ideas run contrary to the common narrative on Wall Street that Goldman is good at earning money by trading and investing its own capital, but little else. I hear it all the time, "said Rick Scott, who trades in Goldman shares as chief...