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Asset Management and Custody Banks

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  • TORONTO, April 17- Barrick Gold Corp faces a fresh backlash over executive pay at its shareholder meeting this month, with some big institutions planning to vote against its compensation plan and withhold votes for directors to express their unhappiness. Two major Canadian pension funds, the British Columbia Investment Management Corp and Ontario Teachers'...

  • WILLISTON, N.D., April 17- Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to their business models. Calpers and other investors will tell the SEC...

  • Family Endowment Partners LP and its head, Lee Weiss, steered the couple, James and Jane Sutow, to a $9 million investment in Biosyntec Polska, according to an American Arbitration Association ruling on Tuesday. The firm, which also has offices in Pennsylvania and Maryland, manages $335 million in assets, according to a regulatory filing. The Sutows lost a total of...

  • April 16- Engaged Capital LLC has written to Rovi Corp, which sells television guide programs to cable providers, seeking changes to the company's board. Engaged Capital, which owns a 0.49 percent stake in Rovi, is seeking to replace three of Rovi's long-term directors, Andrew Ludwick, James Meyer and James O'Shaughnessy. "Rovi has recommended its stockholders...

  • MOVES-Morgan Stanley executive to co-host TV show Thursday, 16 Apr 2015 | 1:49 PM ET

    NEW YORK, April 16- Gary Kaminsky, a vice chairman in Morgan Stanley's wealth management business, is moving into a part-time advisory role at the bank so he can co-host a television show about Wall Street, the bank confirmed on Thursday. Kaminsky, a former Neuberger Berman executive, spent a few years on the financial news network CNBC before joining Morgan...

  • April 16- BlackRock Inc said on Thursday it plans to beef up its quantitative investing team as the sector continued to outperform peers and reported its actively managed equity funds recorded the first inflows since 2013.. BlackRock, the world's largest money manager, also reported that first-quarter profit rose by 8.7 percent, and adjusted earnings topped...

  • 46 pension fund managers awarded six-figure bonuses Thursday, 16 Apr 2015 | 11:53 AM ET

    MADISON, Wis.— Forty-six of Wisconsin's pension fund managers and those who work directly with the state's investments will receive six-figure bonuses this year because of strong returns, data released Thursday by the State of Wisconsin Investment Board showed. Michael Williamson, the board's executive director, received the highest bonus at just over...

  • Former Wal-Mart CEO joins Carlyle private equity firm Thursday, 16 Apr 2015 | 11:30 AM ET

    NEW YORK— Mike Duke, the former CEO of Wal-Mart Stores Inc., has joined the global consumer and retail group of private equity firm The Carlyle Group. Duke joined Wal-Mart in 1995 as senior vice president of distribution and had a number of roles in the company. Before assuming the top job, he was vice chairman, overseeing the company's international business, a job...

  • Ex-Fed chair Bernanke joins hedge fund Citadel as advisor Thursday, 16 Apr 2015 | 10:59 AM ET

    BOSTON, April 16- Ben Bernanke, the former Federal Reserve chairman and one of the world's most closely watched economic thinkers, is joining one of the most successful hedge funds as an advisor, Citadel LLC said in a statement on Thursday. Last month former Federal Reserve Board governor Jeremy Stein joined BlueMountain as an advisor and Bernanke's...

  • JOHANNESBURG, April 16- South African investment house Brait SE is to pay $1 billion for a controlling stake in gym group Virgin Active, Brait said on Thursday, seeking to tap the growing health-conscious middle classes particularly in Africa and Asia. The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and buyout firm CVC...

  • NEW YORK— The Blackstone Group L.P. reported a surge in first-quarter profit on increased asset activity, prompting it to announce it would pay shareholders its highest quarterly dividend ever. The private equity firm earned $629.5 million, or $1.05 per share, up from $265.6 million, or 40 cents per share, a year ago. The company's first-quarter economic net...

  • April 16- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday that its first-quarter profit doubled from a year ago, as strong asset sales generated by its private equity and real estate units brought in record cash. For the second quarter in a row, private equity overtook real estate as Blackstone's biggest earnings driver,...

  • April 16- BlackRock Inc, the world's largest money manager, said on Thursday that first- quarter profit rose by 8.7 percent, boosted by positive flows across asset classes. On an adjusted basis, BlackRock earned $4.89 per share, handily beating analysts' average estimate of $4.52, according to Thomson Reuters I/B/E/S. BlackRock saw $70.4 billion in long-term...

  • Blackstone's first quarter earnings soar on asset sales Thursday, 16 Apr 2015 | 7:14 AM ET

    April 16- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday that its first-quarter profit doubled from a year ago, as strong asset sales generated by its private equity and real estate units generated record cash. Blackstone said economic net income, a metric of its profitability takes into account the mark-to-market...

  • April 16- BlackRock Inc, the world's largest money manager, reported an 8.7 percent rise in first-quarter profit, boosted by positive flows into its exchange-traded funds. On an adjusted basis, BlackRock earned $4.89 per share, handily beating analysts' average estimate of $4.52, according to Thomson Reuters I/B/E/S. Net inflows totaled $68.7 billion as...

  • April 16- BlackRock Inc, the world's largest money manager, reported an 8.7 percent rise in first-quarter profit, boosted by positive flows into its exchange-traded funds. On an adjusted basis, BlackRock earned $4.89 per share, handily beating analysts' average estimate of $4.52, according to Thomson Reuters I/B/E/S. Net inflows totaled $68.7 billion as...

  • April 16- Carlyle Group LP has enlisted Mike Duke, former chief executive of Wal Mart Stores Inc, to the executive team that the asset management firm taps for advise on deals, the Wall Street Journal reported. They were part of the advisory board of the Tsinghua University School of Economics and Management in Beijing. He will continue to be a member of Wal Mart's...

  • UPDATE 1-Bernanke to advise hedge fund Citadel - NYT Thursday, 16 Apr 2015 | 3:38 AM ET

    Federal Reserve, has agreed to become a senior adviser to Citadel Investment Group, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday. Bernanke's predecessor, Alan Greenspan, joined hedge fund Paulson& Co as adviser in 2008. Jeremy Stein, a Federal Reserve Board governor for two years, joined hedge...

  • The Shanghai branch of China's central bank has ordered commercial lenders to check for risks in their margin trading business, and submit their margin trading accounts and list connected wealth management products. To caution against risks, China's top securities regulator, Xiao Gang, on Thursday urged stocks investors to be "rational and calm".

  • Bernanke to join hedge fund Citadel as adviser - NYT Thursday, 16 Apr 2015 | 1:20 AM ET

    Federal Reserve, will become a senior adviser to hedge fund Citadel Investment Group, the New York Times reported. Bernanke told the New York Times that he was sensitive to the public's anxieties about the "revolving door" between Wall Street and Washington and chose to go to Citadel, in part, because it "is not regulated by the Federal Reserve and I won't be doing...