Asset Management and Custody Banks
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The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.
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The Chapter 9 bankruptcy case for Stockton, Calif., is being closely watched nationally. At issue: Does federal bankruptcy law trump the California law that says debts to the state pension fund must be honored?
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The two strongest equity sectors that have fueled the S&P 500's recovery are consumer staples and consumer discretionary stocks.
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*European shares rebound as Cyprus tensions ease. NEW YORK, March 28- Major stock markets recovered, with the benchmark S&P 500 stock index trading above its record closing high, and the euro edged off a four-month low on Thursday, as banks in Cyprus reopened to relative calm following the island's controversial bailout.
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LONDON, March 28- Global investors grew more cautious this month, reacting to the crisis in Cyprus by adding to safe-haven bond positions, though cash buffers fell to a two-year low, Reuters monthly poll of asset managers showed on Thursday.
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*China banks slump after regulator orders more checks on WMPs. HONG KONG, March 28- China shares suffered their worst loss in nearly a month on Thursday, as Hong Kong closed out the first quarter on a tepid note, with banks sinking after Chinese regulators ordered more transparency on wealth management products.
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HONG KONG, March 28- Hong Kong shares were knocked off their highest in almost two weeks on Thursday, ending the first quarter on a whimper, after the mainland's banking regulator moved to tighten regulation over wealth management products. The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.3 percent.
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HONG KONG, March 28- Chinese shares suffered their worst daily loss in nearly a month on Thursday, with banks taking the biggest hit after they were ordered to tighten control over wealth management products and improve transparency. The CSI300 of the leading Shanghai and Shenzhen A-share listings closed down 3.3 percent at 2,499.3.
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HONG KONG, March 28- China shares were headed for their worst loss in nearly a month on Thursday, hurting Hong Kong markets, with banks taking a hit after they were ordered to tighten control over wealth management products and improve transparency.
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LONDON, March 28- Global investors grew more cautious this month, reacting to the crisis in Cyprus by adding to safe-haven bond positions, though cash buffers fell to a two-year low, Reuters monthly poll of asset managers showed on Thursday.
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LONDON, March 28- European shares extended their run of month-on-month gains on Thursday, led by takeover target D.E. A relatively calm reopening of banks in Cyprus after their closure during the country's recent bailout negotiations also helped the FTSEurofirst 300 provisionally close up 0.3 percent at 1,188.14.
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HONG KONG, March 28- China shares extended losses on Thursday, as banks took a hit after they were ordered to tighten control over wealth management products and improve transparency. At 0115 GMT, the CSI300 of the leading Shanghai and Shenzhen A-share listings was down 3.3 percent at 2,496.2. The Shanghai Composite Index was down 2.7 percent.
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HONG KONG, March 28- China shares were headed for their worst loss in nearly a month on Thursday, with banks taking a hit after they were ordered to tighten control over wealth management products and improve transparency.
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HONG KONG, March 28- Hong Kong shares were set to open lower on Thursday, with Chinese banks broadly weaker after the country's banking regulator ordered banks to strengthen checks on underlying assets of a range of wealth management products. The Hang Seng Index was set to open down 0.3 percent at 22,390.4.
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March 27- Commodity and macro markets trader Stephen Jamison has closed his macro commodity fund to new investors after nearly doubling its capital to $1.5 billion last year, making it one of the biggest players in that niche market.
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HONG KONG, March 27- Foreign investors are buying up Thai funds at their fastest pace in more than five years, lured by ample returns from an ascendant currency and extending the life of a share price rally in what was Southeast Asia's best performing market last year.
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NEW YORK, March 26- Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report in the New York Post on Tuesday.
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*Rengan Rajaratnam charged with fraud, conspiracy. NEW YORK, March 25- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to insider trading charges.
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Bank of Cyprus What: With a legacy stretching back to 1899, Bank of Cyprus is the island's largest. Its business is largely retail banking in Cyprus and Greece, but it also has some investment banking, private banking and the Kermia Beach Bungalow Hotel in the Ayia Napa resort.
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Corn, natural gas also see strong buying. March 22- Hedge funds and other big speculators have taken their bullish bets on U.S. commodities back to a one-month high from a more than a one-year low, data showed on Friday, as they bought gold this week on fears of financial meltdown in Cyprus. Corn also saw strong hedge fund buying on worries over short supply in the grain.
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NEW YORK/ BOSTON, March 21- Dell Inc is set to disclose next week that its largest independent investor, Southeastern Asset Management, originally expressed interest in joining the proposed leveraged buyout deal that it now opposes, according to two people familiar with the matter.
