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Asset Management and Custody Banks

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  • UPDATE 1-Carlyle's second-quarter earnings double Wednesday, 30 Jul 2014 | 10:28 AM ET

    *Q2 post-tax ENI of 73 cents/ share vs estimated 74 cents. July 30- Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.

  • July 30- Total global commodity assets under management rose to $325 billion in June 2014 from $317 billion in May 2014, Barclays Capital said on Wednesday. "We estimate that there was a small net inflow of around $300 million into commodity investments during June," the bank said.

  • NEW YORK, July 29- Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.

  • CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.

  • BOSTON, July 29- Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines-- Argentina and EMC Corp..

  • NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.

  • TORONTO, July 28- Canada's Ontario Teachers' Pension Plan said on Monday it plans to increase its ownership of Britain's Bristol Airport from the current 49 percent as Australian asset manager Macquarie Group reportedly shops for buyers for its 50 percent stake.

  • European shares tip lower on U.S. data, Russia risk Monday, 28 Jul 2014 | 12:33 PM ET

    *FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks edged lower on Monday, with unspectacular U.S. data and new European sanctions against Moscow offsetting strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser.

  • European shares subdued as investors weigh earnings Monday, 28 Jul 2014 | 7:20 AM ET

    *FTSEurofirst 300 flat, Euro STOXX 50 up 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks traded flat on Monday, with strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser balancing concerns over the implications of new international sanctions on Russia.

  • In 2008, when the investment bank's exposure to toxic mortgage bonds brought it to the brink of collapse, JPMorgan Chase& Co rescued Bear Stearns and kept Greenberg on as vice chairman emeritus of its global wealth management business.

  • Former Bear Stearns chairman Greenberg dead at 86 Friday, 25 Jul 2014 | 2:42 PM ET

    In 2008, when the investment bank's exposure to toxic mortgage bonds brought it to the brink of collapse, JPMorgan Chase& Co rescued Bear Stearns and kept Greenberg on as vice chairman emeritus of its global wealth management business.

  • SEATTLE, July 25- An online stock trader who profited from inside information passed to him by a former Microsoft Corp finance employee was sentenced to 1-1/ 2 years in prison in Seattle on Friday.

  • The data pointed to momentum in the U.S. economy and underpinned the dollar, which had earlier gained on a drop in Germany's Ifo survey of business sentiment. "U.S. data has been good or better than expected, whereas European data continues to point to a slowdown," said Boris Schlossberg, managing director in FX strategy at BK Asset Management in New York.

  • BOSTON, July 24- Billionaire investor Kenneth Griffin, who oversees $20 billion at hedge fund Citadel LLC, filed for divorce from his wife citing "irreconcilable differences," according to court filings seen by Reuters on Thursday.

  • *Post-tax Q2 ENI per unit of 62 cents vs Street view of 65 cents. NEW YORK, July 24- Private equity firm KKR& Co LP said on Thursday that its second-quarter earnings more than tripled year-on-year, close to most analysts' expectations, as a string of lucrative asset sales led to its highest dividend on record.

  • KKR's second-quarter asset sales yield record payout Thursday, 24 Jul 2014 | 8:05 AM ET

    *Post-tax Q2 ENI per unit of 62 cents vs Street view of 50 cents. KKR said post-tax economic net income per adjusted unit was 62 cents in the second quarter, up from 18 cents a year ago and higher than the 50 cents average forecast by analysts in a Thomson Reuters poll.

  • July 24- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit, as merger and acquisition advisory and asset management fees rose amid an increase in corporate deals. In one of its big deals in the second quarter, Lazard advised jet engine parts maker Firth Rixson on the $2.85 billion sale to aluminum group Alcoa Inc..

  • BOSTON, July 23- New rules announced on Wednesday will likely drive safety-oriented retail investors away from some money market funds because they highlight risks and make it harder to pull cash out when market turmoil strikes.

  • July 23- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its quarterly profit jumped 46 percent from last year, driven by growth in its asset management business.

  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.