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Asset Management and Custody Banks

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  • NEW YORK, Feb 21- More than 9,000 claims from people who say they were defrauded by Bernard Madoff have been submitted to a $4.05 billion fund set up by the U.S. government, and victims of the swindler's Ponzi scheme were given two more months to seek compensation. Richard Breeden, a special master who oversees the Madoff Victim Fund, and U.S.

  • NEW YORK, Feb 21- Small investors who have longed to benefit from the brains of top hedge fund managers can now purchase those same stock picks without paying hefty fees or tying up a large amount of money.

  • SEC to push 'tick size' for small-cap stocks Friday, 21 Feb 2014 | 9:35 AM ET
    Securities and Exchange Commission Chairman Mary Jo White.

    The SEC will press ahead with a pilot that will allow small-cap stocks to trade in wider increments, the chair announced Friday.

  • YOUR MONEY-Financial advice for the end of the world Friday, 21 Feb 2014 | 9:00 AM ET

    NEW YORK, Feb. 21- Investors have no shortage of things to fret about these days. Then you might want to give David John Marotta a call. That's because the Charlottesville, Virginia, founder and president of Marotta Wealth Management has a plan in place.

  • NEW HAVEN, Conn., Feb 20- A lawyer for Jesse Litvak, on trial on charges he defrauded clients and the United States on bond trades, on Thursday tried to discredit one of the government's main witnesses against the former Jefferies Group Inc banker.

  • BOSTON, Feb 20- Fidelity Investments, the second-largest U.S. mutual fund company, said on Thursday that its fixed-income chief will lead the Boston firm's $1.9 trillion asset management division.

  • Hedge fund manager Griffin gives $150 million to Harvard Wednesday, 19 Feb 2014 | 8:14 PM ET

    BOSTON, Feb 19- Billionaire investor Kenneth Griffin, who started his hedge fund in his dormitory room at Harvard University, is donating $150 million to his alma mater in what will be the largest single gift ever made to the Ivy League school.

  • DEALTALK-Greenberg channels Buffett in post-AIG comeback Wednesday, 19 Feb 2014 | 4:29 PM ET

    NEW YORK, Feb 19- Since his ouster from American International Group Inc in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version of Warren Buffett's Berkshire Hathaway Inc..

  • NEW HAVEN, Conn., Feb 19- A senior AllianceBernstein Holding LP executive testified on Wednesday that former Jefferies Group Inc banker Jesse Litvak misled him into overpaying for bonds, prompting him to press for an investigation.

  • NEW YORK, Feb 19- California hedge fund manager Doug Whitman, the first defendant in the broad U.S. crackdown on insider trading to take the stand in his own defense, on Wednesday failed to persuade a federal appeals court to overturn his conviction.

  • Peer Blackstone Group LP reported an 11.5 percent rise in the same quarter, Apollo Global Management reported a 9 percent rise and KKR& Co LP reported an 8.4 percent rise.

  • Carlyle's fourth-quarter earnings more than triple Wednesday, 19 Feb 2014 | 7:56 AM ET

    Feb 19- Private equity firm Carlyle Group LP reported a higher-than-expected 216 percent rise in fourth-quarter earnings as the value of its funds jumped and the profits generated from the sales of assets soared.

  • BOSTON, Feb 18- Hedge fund industry assets are expected to reach a record $3 trillion by year's end as investors plan to add fresh money, saying they were generally happy with last year's returns and don't expect bigger gains this year, a new survey shows.

  • TPG to take its BDC public amid shadow banking bonanza Tuesday, 18 Feb 2014 | 11:39 AM ET

    Feb 18- Private equity firm TPG Capital LP registered its business development company for an initial public offering on Tuesday, seeking to capitalize on the growth of such credit investment vehicles and the rise of the shadow banking sector.

  • Feb 18- Institutional investors are buying up U.S. farmland at a rapid rate, and their influence is starting to shift the types of crops grown and the way the land is managed, according to a report issued Tuesday.

  • *BlackRock, Vanguard, Deutsche Bank, Lyxor lead the way. LONDON, Feb 17- Sharp withdrawals from equity, currency and commodity tracking funds as emerging markets sold off in early 2014 looks no more than a bump in the road for such vehicles as they expand their share of assets under management.

  • Top hedge funds cling to eBay, Apple in fourth quarter Saturday, 15 Feb 2014 | 7:15 AM ET
    Carl Icahn

    E-commerce auction house eBay became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.

  • Einhorn's Greenlight seeks identity of Micron leaker Friday, 14 Feb 2014 | 9:56 PM ET

    Feb 14- Hedge fund manager David Einhorn's Greenlight Capital has asked a court to order the website Seeking Alpha to disclose the identity of a commenter who disclosed Greenlight's stake in Micron before it was officially announced, according to a court filing.

  • NEW YORK, Feb 14- E-commerce auction house eBay Inc became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.

  • TORONTO, Feb 14- The Canada Pension Plan Investment Board, one of the world's biggest pension funds, notched another quarter of strong returns but its chief executive officer said he wishes the fund had been more aggressive when prices were cheap.