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Asset Management and Custody Banks

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  • March 20- Vermillion, the commodity arm of U.S. private equity group Carlyle Group LP, has started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, people familiar with the matter said on Thursday.

  • March 20- Private equity and asset management firm Apollo Global Management LLC said Marc Spilker would step down as president and member of the executive committee. Spilker, 49, graduated with degree in economics from the Wharton School of the University of Pennsylvania.

  • Apollo Global President Marc Spilker to step down Thursday, 20 Mar 2014 | 8:56 AM ET

    March 20- Private equity and asset management firm Apollo Global Management LLC said Marc Spilker will step down as president and member of the executive committee.

  • The calls are a routine part of how the SEC monitors asset managers through its Division of Investment Management, and are not related to any investigation.

  • The calls are a routine part of how the SEC monitors asset managers through its Division of Investment Management, and are not related to any investigation.

  • European shares steady, focus on Fed policy meeting Wednesday, 19 Mar 2014 | 5:06 AM ET

    *Inditex gains, Smiths Group slips after updates. LONDON, March 19- European shares steadied on Wednesday, with focus shifting to the U.S. "It's still going to be a big announcement," Lorne Baring, managing director of B Capital Wealth Management, said.

  • *Allianz forecasts asset management earnings to fall. FRANKFURT, March 14- Management turmoil at Allianz asset manager Pimco is unlikely to threaten the credit standing of Europe's largest insurer, credit rating agency Fitch said on Friday.

  • Carlyle, Louis Bacon to buy majority of Traxys Group Thursday, 13 Mar 2014 | 9:34 PM ET

    March 14- Traxys Group said that private equity firm Carlyle Group and affiliates of Louis M. Bacon and Traxys management had agreed to buy a majority stake in the Luxembourg commodity firm for an undisclosed sum.

  • TORONTO, March 13- Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.

  • SAFT ON WEALTH-What's good for Yale isn't good for you Wednesday, 12 Mar 2014 | 4:30 PM ET

    You, however, are not Yale and neither, likely, is your pension fund, university endowment or personal portfolio. Understanding why what is good for the goose underperforms for the gander is key to not just Yale's fantastic performance, but improving your own.

  • Herbalife says FTC opens inquiry, will cooperate Wednesday, 12 Mar 2014 | 1:51 PM ET

    March 12- U.S.-based nutrition and weight loss company Herbalife Ltd on Wednesday said the U.S. Federal Trade Commission opened an inquiry into its operations. Herbalife, which has been accused by hedge fund manager William Ackman of running a pyramid scheme, said it would "cooperate fully" with the FTC.

  • LONDON, March 12- Index compiler MSCI plans to include China's mainland-based A shares in its benchmark emerging market index from May 2015, as the country gradually opens up its markets to foreign investors. MSCI has started consultations with investors and will make a final decision in June, the firm said in the consultation document.

  • NEW YORK, March 11- The Pimco Total Return Fund, the world's largest bond fund, slashed its holdings of mortgages in February to the lowest level since at least late 2011 on bets that the Federal Reserve will conclude bond purchases this year, data from the firm's website showed on Tuesday.

  • March 11- A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.

  • Steven A. Cohen's SAC picks new name: Point72 Tuesday, 11 Mar 2014 | 11:22 AM ET

    BOSTON, March 11- Steven A. Cohen, whose hedge fund SAC Capital Advisors pleaded guilty to insider trading, is changing the name of his firm to Point72 Asset Management as it shifts focus to managing his own assets from serving as a hedge fund for wealthy investors following an agreement with the U.S. government.

  • NEW YORK, March 11- Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.

  • UPDATE 3-China launches private bank pilot programme Tuesday, 11 Mar 2014 | 5:56 AM ET

    BEIJING, March 11- China will launch pilot programmes testing the development of privately-owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday.

  • NEW YORK, March 11- Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.

  • NEW YORK, March 10- More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.

  • NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.