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Asset Management and Custody Banks

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  • NEW YORK, May 7- Samuel Israel, a hedge fund manager who faked his own suicide to avoid prison after admitting to running a $450 million fraud, is trying to shorten his 22- year sentence or be set free, saying his health has worsened and authorities can't take care of him.

  • *Customers like new Pimco leadership structure- Allianz CEO. MUNICH, May 7- Europe's biggest insurer Allianz defended its U.S. asset management business Pimco on Wednesday as it came under fire for failing to stem the flow of heavy investor withdrawals.

  • *Allianz posts slight fall in Q1 net income, revenue rises. But shareholders, including some of Allianz's largest, told Reuters last month that they were concerned about Pimco, the bond powerhouse that has had its reputation tarnished by a run of poor returns and the departure of CEO Mohamed El-Erian amid a row with co-founder Bill Gross.

  • NEW YORK, May 6- Hedge fund mogul David Tepper had a case of deja vu when he ranked as the best paid hedge fund manager for the second year running by earning $3.5 billion in 2013 with a savvy bet on airline stocks, according to a new ranking. Tepper, who runs Appaloosa Management, was followed in second place by Steven A. Cohen, who earned $2.4 billion.

  • *Barclays, Aberdeen weigh after weak updates. *DSM, Solvay boosted by brighter outlook. LONDON, May 6- European stocks were flat on Tuesday as upbeat outlook statements from chemical groups Solvay and DSM were offset by sharp falls in Barclays and Aberdeen Asset Management after weak results.

  • *Barclays, Aberdeen weigh after weak updates. LONDON, May 6- European stocks edged lower on Tuesday, as outlook statements from chemical groups Solvay and DSM were outweighed by a selloff in financial shares after weak results from Barclays and Aberdeen Asset Management.

  • WASHINGTON/ SINGAPORE May 6- Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, a U.S. Treasury Department spokeswoman said on Monday.

  • 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.