GO
Loading...

Asset Management and Custody Banks

More

  • Apollo's fourth-quarter profit drops 37 percent Friday, 7 Feb 2014 | 7:42 AM ET

    NEW YORK, Feb 7- Apollo Global Management LLC reported a 37 percent drop in fourth-quarter profit per share on Friday despite a big rise in the value of its private equity funds, as it failed to match the carried interest income from a year ago. Economic net income after taxes totaled $1.06 per share, compared with $1.69 a year earlier.

  • NEW YORK, Feb 6- Famed oil bull Andy Hall's hedge fund appeared to suffer notable investor redemptions in January after an 8 percent decline last year, according to a note to investors, a revelation that may add to the debate around a mystifying slump in long-term U.S. crude prices.

  • BOSTON, Feb 6- Och-Ziff Capital Management Group LLC on Thursday reported a sharply higher quarterly profit that beat Wall Street analysts' forecasts after stronger returns at its hedge fund portfolios boosted the company's incentive fee income.

  • NEW YORK, Feb 5- Jennifer Fan, a hedge fund manager specializing in finding relative value in energy and agriculture markets, has joined Millennium Management to continue that strategy after closing her own commodities fund last year, sources said on Wednesday.

  • Feb 5- Investment bank and asset manager Lazard Ltd reported a better-than-expected 35 percent rise in fourth-quarter profit as merger advisory revenue rose in a recovering M&A market. Lazard's financial advisory revenue increased 2 percent from the same quarter last year to $315 million, driven by an 8 percent increase in M&A and other advisory fees.

  • DUBAI, Feb 5- Lazard Asset Management said it would expand its Middle East operations by hiring the former regional asset management team of ING Group NV, which resigned from the Dutch firm in Dubai earlier this week.

  • TORONTO, Feb 5- Canada Pension Plan Investment Board said on Wednesday it will open an office in Sao Paulo in April, intent on boosting real estate and infrastructure investments in the region even as money is flowing out of emerging markets.

  • *FTSEurofirst 300 down 0.2 pct, well off session low. LONDON, Feb 4- European shares inched lower on Tuesday, extending recent steep falls and pegged back by disappointing earnings reports from the likes of chip designer ARM and telecom company KPN.

  • *FTSEurofirst 300 down 0.1 percent, well off session low. LONDON, Feb 4- European shares inched lower on Tuesday, extending recent steep falls, pegged back by disappointing earnings reports from the likes of chip designer ARM and telecom company KPN.

  • SAO PAULO, Feb 3- Asset manager Credit Suisse Hedging Griffo is gradually adding Brazilian assets as domestic blue-chip stocks now look fairly valued and a correction in prices for some local debt notes may be losing momentum, Chief Investment Officer Luis Stuhlberger said on Monday.

  • State fund finds Loeb's Third Point too risky Monday, 3 Feb 2014 | 9:07 AM ET
    Dan Loeb, founder and chief executive officer of Third Point LLC.

    Daniel Loeb's hedge fund will be losing Rhode Island as a client after the state's pension fund found his Third Point too risky.

  • BOSTON, Jan 31- Billionaire hedge fund investor Daniel Loeb will be losing Rhode Island as a client after the state's pension fund found his Third Point LLC too risky for its taste and decided to pull out all of its money.

  • BOSTON, Jan 31- Billionaire hedge fund investor Daniel Loeb will be losing Rhode Island as a client after the state's pension fund found his Third Point LLC too risky for its taste and decided to pull all of its money out.

  • Ackman's Pershing Square trims holdings of Beam Friday, 31 Jan 2014 | 5:53 PM ET

    BOSTON, Jan 31- Hedge fund manager William Ackman sold 7.3 million shares in Beam Inc this week, according to a regulatory filing on Friday, trimming his holdings three weeks after the share price spiked on news of a planned takeover by Japanese whiskey maker Suntory Beverage& Food Ltd.

  • *Q4 ENI up 130 percent to $1.54 billion. NEW YORK, Jan 30- Blackstone Group LP reported on Thursday that fourth-quarter profit surged 130 percent, capping a record earnings year and far exceeding analysts' expectations, with its real estate business behind much of the gains.

  • Jan 30- Invesco Ltd said on Thursday its fourth-quarter profit jumped 81 percent, boosted by strong markets and the sale of its Atlantic Trust Private Wealth Management unit. Excluding the sale of its Atlantic Trust unit, which Invesco sold to the Canadian Imperial Bank of Commerce for $210 million, the company earned 58 cents per share.

  • Jan 30- Franklin Resources Inc said on Thursday its quarterly profit rose 17 percent as market gains drove up assets, helping the fund manager beat analysts' expectations and sending its shares up 2 percent in early trading.

  • NEW YORK, Jan 30- Blackstone Group LP reported on Thursday that fourth-quarter profit surged 130 percent, capping a record earnings year and far exceeding analysts' expectations, due to strength in its real estate business.

  • HONG KONG, Jan 30- Segantii Capital Management, one of Asia's fastest growing hedge funds, has been hit by five resignations in the last few weeks, people with knowledge of the matter told Reuters, after the firm saw its first annual loss.

  • HONG KONG, Jan 30- Segantii Capital Management, one of Asia's fastest growing hedge funds, has been hit by five recent resignations, people with knowledge of the matter told Reuters, after the firm saw its first annual loss.