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Asset Management and Custody Banks

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  • NY comptroller gets involved in FairPoint dispute Tuesday, 9 Sep 2014 | 8:46 AM ET

    The New York comptroller is getting involved in the FairPoint labor dispute, using his clout with the company's biggest shareholder to ensure the company's workforce is treated fairly. Thomas DiNapoli expressed concerns about allegations that FairPoint improperly declared an impasse in negotiations with unions representing more than 1,700 workers.

  • SYDNEY, Sept 9- LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, said it has raised $400 million for socially responsible investments in Asia and Africa- the largest ever for a fund specializing in low-income emerging market financial services.

  • BOSTON, Sept 8- Hedge funds had their best month since February when they reported a 1.56 percent rise in August, according to data released on Monday, on a mix of corporate deals and strong company earnings that helped push the stock market higher.

  • Sept 8- Hundreds of hedge funds, mutual funds and other institutional investors lined up on Monday to hear Alibaba Group Holding Ltd's management pitch the company's shares, as the Chinese e-commerce giant kicked off a two-week IPO marketing blitz.

  • LONDON, Sept 8- With returns on government bonds at rock-bottom prices, sovereign wealth funds are muscling into stock markets and other higher-yielding assets like real estate at a rate that private investors warn could destabilise the world economy.

  • Walgreen adds activist hedge fund founder to board Monday, 8 Sep 2014 | 7:39 AM ET

    Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation's largest drugstore chain.

  • Fifth Street Asset Management files for IPO Monday, 8 Sep 2014 | 6:16 AM ET

    Sept 8- Alternative asset manager Fifth Street Asset Management Inc filed with the U.S. regulators for an initial public offering of Class A common stock.

  • *Carlyle's co-head of Asia buyouts sees bigger deals in Asia. HONG KONG, Sept 8- Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments.

  • HONG KONG, Sept 8- Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments.

  • Sept 7- When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action.

  • SINGAPORE, Sept 8- Faced once again with the prospect of rate rises in the United States, investors in Asia are no longer selling and running as in the past, choosing instead to stay in markets like India and South Korea, that are relatively sheltered from global forces.

  • Making a difference through bond investing Friday, 5 Sep 2014 | 4:01 PM ET

    NEW YORK— Instead of lending to just the government or some faceless corporation, what if your bond mutual fund also helped to vaccinate kids around the world? Or helped finance a clean-water project or solar-energy farm?

  • *Traders see first Fed hike in July 2015. NEW YORK, Sept 5- Benchmark U.S. "This means that the U.S. economy is still in healing mode," said Putri Pasqualy, managing director and senior credit strategist at Pacific Alternative Asset Management Company in Irvine, California.

  • NEW YORK, Sept 5- Leveraged exchange-traded funds, designed to magnify short-term returns, have fallen out of favor this year as investors who had embraced them are finding costs excessive in a calm market that is not rewarding bets on wild daily swings.

  • By Jeffrey Dastin and Daina Beth Solomon. Sept 5- New York hedge fund manager William Ackman says Herbalife is a pyramid scheme that exploits the poor.

  • SD state retirement system assets see record high Friday, 5 Sep 2014 | 11:58 AM ET

    PIERRE, S.D.— The South Dakota Retirement System's assets have grown to a record high of more than $10.6 billion after earning 18.9 percent on investments in the past fiscal year, officials said Thursday.

  • *10 cents move in euro: 1 bln euro swing in Airbus's op profits. *Airbus, Sanofi, Luxottica seen among big winners.

  • Past attempts by the SEC and the Financial Industry Regulatory Authority to improve disclosure and end certain incentive payments have faltered.

  • *Deal could attract Middle Easterners to Africa. DUBAI/ LAGOS, Sept 4- Qatar National Bank on Thursday bought a 12.5 percent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017..

  • TOKYO, Sept 4- Japan's new welfare minister tasked with reforming the country's $1.2 trillion pension fund is a Harvard- educated former central banker with a sharp sense of the reforms that markets want to see and a willingness to buck the system.