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Asset Management and Custody Banks

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  • SAFT ON WEALTH-What's good for Yale isn't good for you Wednesday, 12 Mar 2014 | 4:30 PM ET

    You, however, are not Yale and neither, likely, is your pension fund, university endowment or personal portfolio. Understanding why what is good for the goose underperforms for the gander is key to not just Yale's fantastic performance, but improving your own.

  • Herbalife says FTC opens inquiry, will cooperate Wednesday, 12 Mar 2014 | 1:51 PM ET

    March 12- U.S.-based nutrition and weight loss company Herbalife Ltd on Wednesday said the U.S. Federal Trade Commission opened an inquiry into its operations. Herbalife, which has been accused by hedge fund manager William Ackman of running a pyramid scheme, said it would "cooperate fully" with the FTC.

  • LONDON, March 12- Index compiler MSCI plans to include China's mainland-based A shares in its benchmark emerging market index from May 2015, as the country gradually opens up its markets to foreign investors. MSCI has started consultations with investors and will make a final decision in June, the firm said in the consultation document.

  • NEW YORK, March 11- The Pimco Total Return Fund, the world's largest bond fund, slashed its holdings of mortgages in February to the lowest level since at least late 2011 on bets that the Federal Reserve will conclude bond purchases this year, data from the firm's website showed on Tuesday.

  • March 11- A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.

  • Steven A. Cohen's SAC picks new name: Point72 Tuesday, 11 Mar 2014 | 11:22 AM ET

    BOSTON, March 11- Steven A. Cohen, whose hedge fund SAC Capital Advisors pleaded guilty to insider trading, is changing the name of his firm to Point72 Asset Management as it shifts focus to managing his own assets from serving as a hedge fund for wealthy investors following an agreement with the U.S. government.

  • NEW YORK, March 11- Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.

  • UPDATE 3-China launches private bank pilot programme Tuesday, 11 Mar 2014 | 5:56 AM ET

    BEIJING, March 11- China will launch pilot programmes testing the development of privately-owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday.

  • NEW YORK, March 11- Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.

  • NEW YORK, March 10- More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.

  • NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.

  • Big-name hedge funds like Third Point Capital, Paulson& Co, Pershing Square Capital Management, and Eton Park Capital Management have made it tougher for investors to see fund performance, using complex password-protected websites and putting in settings that forbid things like printing, forwarding, and copying and pasting.

  • State giants China National Petroleum Corporation, Sinopec Corp and China Railway Corporation have said they were seeking investments from private capital and also social capital, or funds sourced from pension funds and insurance companies.

  • BERLIN, March 6- Europe's hotel sector is finding its financing options are the best in years as investors seek better returns in a low interest rate environment and economies emerge from bruising recessions, fanning optimism for the rest of the year.

  • State giants China National Petroleum Corporation, Sinopec Corp and China Railway Corporation have said they were seeking investments from private capital and also social capital, or funds sourced from pension funds and insurance companies.

  • TOKYO, March 6- Japan's $1.26- trillion public pension fund need not cling to the safety and paltry yields of government bonds, advisers to the fund said on Thursday, in another sign that it will shift more money into stocks and other risky assets.

  • IMF unveils investors behind emerging market debt boom Wednesday, 5 Mar 2014 | 11:00 PM ET

    WASHINGTON, March 5- Big institutional investors account for 80 percent of the half a trillion dollars foreigners have plowed into emerging market sovereign debt in the last few years, according to an analysis by International Monetary Fund economists.

  • TOKYO, March 6- Advisers to Japan's $1.26- trillion public pension fund on Thursday recommended targeting only slightly higher returns, a conservative proposal that could constrain the fund's ability to shift to riskier assets.

  • Russia's military mobilisation on Ukraine's borders over the past week was an echo of the sort of geopolitical event that used to send international investors scurrying for cover over the past 50 years. Gold prices jumped 2 percent; the U.S. dollar and Treasury bonds strengthened alongside other top-rated securities such as German government bonds.

  • WASHINGTON, March 4- Swelling investment returns improved funding for U.S. public pensions last year, but almost all retirement systems are still in weak shape and unable to cover their liabilities fully, according to a report released by Wilshire Consulting on Tuesday.