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Asset Management and Custody Banks

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  • VANCOUVER, June 23- The global gold mining industry is showing signs of life as merger activity picks up and industry veterans set up new companies and hunt for projects, taking advantage of weak prices to lay the groundwork for a rebound. In the first quarter, Paris- based asset manager Carmignac Gestion bought 11.65 million shares of Goldcorp, the highest valued...

  • Hedge fund Citadel plans new stock picking business Monday, 22 Jun 2015 | 2:59 PM ET

    BOSTON, June 22- Citadel LLC, one of the world's largest hedge funds, is planning to launch a new equities business based on the West Coast that will be run by a former top executive who is returning to the firm after a few years away, a person familiar with the plan said. Jeff Runnfeldt is scheduled to start in July and eventually head a group of 10 trading teams based in...

  • BOSTON, June 19- Wealthy investors can now choose from a record 10,149 global hedge funds according to industry data released on Friday that show hundreds of new launches but nearly as many liquidations. During the first three months of 2015, 264 new funds were launched, according to Hedge Fund Research data. "The surprising number of hedge funds that have...

  • BOSTON, June 19- The hedge fund industry set a new record during the first quarter when an industry research group said 10,149 funds are operating around the world even after hundreds of existing funds shut their doors during the same time. During the first three months of 2015, 264 new funds were launched, bringing the number of global hedge funds to 10,149,...

  • GLOBAL HEDGE FUND LAUNCHES TOTALED 264 IN Q1, RAISING NUMBER OF TOTAL HEDGE FUNDS AROUND THE WORLD TO 10,149- HFR.

  • HEDGE FUND RESEARCH SAYS 217 HEDGE FUNDS WENT OUT OF BUSINESS IN Q1, HIGHEST NUMBER SINCE EARLY 2014.

  • *China Q2 copper demand weak, price to fall- trader. *Copper premiums drop $5 this week as tepid physical demand seen. Dominic Schnider, an analyst at UBS Asset Management in Hong Kong, said it was a concern that a recovery in China's manufacturing sector was not stronger given the scale of fiscal support by Beijing.

  • NEW YORK, June 18- The great commodities gold rush of the last decade may not have paid off exactly as investors hoped, but some evidence indicates the asset class is performing more or less as advertised. Global commodities assets under management are now at $266 billion, according to Barclays data, up from less than $100 billion in 2005 though down from a peak...

  • NEW YORK, June 18- Richard Zabel, the top deputy to Manhattan U.S. Attorney Preet Bharara, is leaving the Justice Department to become general counsel at the hedge fund Elliott Management, according to an internal Elliott memo seen by Reuters on Thursday. Attorney in Manhattan since 2011, helping to oversee a broad-based crackdown on insider trading,...

  • NEW YORK, June 18- Richard Zabel, the top deputy for Manhattan U.S. Attorney Preet Bharara, is leaving the Justice Department to become general counsel at the hedge fund Elliott Management, according to an internal Elliott memo reviewed by Reuters on Thursday. A graduate of Princeton University and Harvard Law School, Zabel previously spent eight years as a...

  • LONDON, June 18- Asset management company Baillie Gifford, oil producer Dragon Oil's largest independent investor, said an increased takeover offer from majority owner Emirates National Oil Co "materially undervalued" the company. ENOC, which owns 54 percent of Dragon Oil, increased its bid to buy out minority shareholders to 750 pence per share on Tuesday,...

  • *Yields fall after Fed statement. NEW YORK, June 17- U.S. "I look at the economic outlook as pretty dovish," said James Camp, managing director at Eagle Asset Management in St. Petersburg, Florida.

  • *Yields fall after Fed statement. NEW YORK, June 17- U.S. "I look at the economic outlook as pretty dovish," said James Camp, managing director at Eagle Asset Management in St. Petersburg, Florida.

  • LONDON, June 17- Once mainly growth-based investments, emerging markets are seeing a dividend payout culture take root among companies, especially in countries where big local pension funds are pushing for change. With emerging equity performance lagging developed peers for the fifth year running, more companies are realising the role dividend payouts...

  • NEW YORK— Want to be a millionaire? The total number of Indian millionaires— 198,000— is relatively small, but it's fast closing in on Italy. The number of people worth $1 million or more around the world rose by 920,000 to a record 14.6 million last year, according to an annual tally from consultant Capgemini and RBC Wealth Management.

  • WASHINGTON, June 16- The White House has secured more than $4 billion to boost clean energy and fight climate change from foundations, institutional investors and philanthropies, doubling a goal set in February, administration officials said. Vice President Joe Biden told a conference on clean energy at the White House on Tuesday that a "staggering" number of...

  • Real estate lobby group deposes pro-regulation critic Tuesday, 16 Jun 2015 | 8:39 AM ET

    *Deutsche Bank arm cuts ties with lobby group. NEW YORK, June 16- Deutsche Bank's asset management arm has cut ties with the commercial real estate industry's top lobbying group after it deposed a leading critic who favors stricter market regulation. Deutsche's Adam Smith was elected to a key position at the Commercial Real Estate Finance Council, which styles...

  • WASHINGTON, June 16- The White House has pushed foundations, institutional investors and philanthropies to commit more than $4 billion to clean energy projects and help fight climate change, doubling a goal set in February, officials said. The administration issued a call to action early in the year asking them to make commitments on clean energy innovation,...

  • NEW YORK, June 16- The Vanguard Group, which in 40 years became the biggest mutual fund company by selling low-priced, market-matching funds, is competing with some of its best customers- the brokers and advisers who funnel client assets to its funds-- by offering personalized service to investors with more than $500,000. And the company has widened the pool of...

  • DUBAI, June 15- Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows. The sources, who all either work in Qatar or for...