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Asset Management and Custody Banks

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  • Nov 6- Total global commodity assets under management fell $10 billion to $343 billion in September from August, Barclays Capital said in a research note on Wednesday. Price declines offset a small net inflow of assets in September, Barclays said. AUM fell across all sectors and precious metals recorded the largest drop, $7 billion.

  • Nov 6- Carlyle Group LP on Wednesday posted an 11 percent drop in third-quarter profit as it generated less cash from asset sales for its shareholders than it has done in any other quarter as a publicly listed alternative asset manager.

  • Carlyle's Q3 profit falls 11 pct on fewer asset sales Wednesday, 6 Nov 2013 | 7:41 AM ET

    Nov 6- Carlyle Group LP on Wednesday posted an 11 percent drop in third-quarter profit, as it generated less cash from asset sales than it has done at any other quarter as a publicly listed alternative asset manager.

  • BOSTON, Nov 5- Hedge fund manager Daniel Loeb told investors that his Third Point Offshore Fund had returned 19.4 percent this year, ranking it among the industry's best performers.

  • CFTC files fraud lawsuit against AlphaMetrix Monday, 4 Nov 2013 | 6:04 PM ET

    Nov 4- The U.S. Commodity Futures Trading Commission sued AlphaMetrix LLC on Monday, accusing the liquidating Chicago- based firm of misappropriating at least $2.8 million and issuing false or misleading account statements to conceal fraud.

  • LONDON, Nov 4- U.S. hedge fund Aurelius Capital Management, which will take a stake in Co-op Bank under a rescue plan for the British mutual lender, is also protagonist in a lengthy and bitter court battle over Argentina's debt default.

  • NEW YORK, Nov 4- Billionaire investor Steven A. Cohen's days as a hedge fund manager may be over with his SAC Capital Advisors agreeing to plead guilty to insider trading charges and pay a record $1.8 billion in fines and forfeitures.

  • Nov 4- Vanguard Group, the No. 1 U.S. mutual fund company, said on Monday that Gregory Davis, a major force behind the launch of bond exchange-traded funds, will become the chief of its fixed-income group, which has $750 billion in assets. Davis is currently Vanguard's chief investment officer in the Asia Pacific region and director of investments in Australia.

  • LONDON, Nov 4- Five years after the global financial crisis was sparked by a burst U.S. housing market bubble, real estate is booming again and even considered a safe-haven investment.

  • Nov 4- BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday. Shares of BlackBerry dropped 19 percent to $6.33 in premarket trading.

  • *Politics degrade policy-making across Middle East. DUBAI, Nov 3- Foreign money is flowing into the parts of the Middle East which need it least as the Gulf becomes a major destination for global portfolio investors and political instability deters investment elsewhere in the region.

  • TORONTO, Nov 1- U.S. hedge fund Silver Point Capital LP has bought a 19 percent stake in Canadian newspaper company Postmedia Network Canada Corp, a regulatory filing showed. Postmedia operates Canada's largest chain of newspapers, including the flagship National Post, the Montreal Gazette, Ottawa Citizen and Vancouver Sun.

  • NEW YORK/ LONDON, Nov 1- Gold fell about 1 percent on Friday, posting its biggest weekly loss in seven weeks, as renewed anxiety about the U.S. Richmond Fed President Jeffrey Lacker said on Friday that the U.S. labor market has recovered enough in the last 14 months to allow the central bank to reduce its bond-buying stimulus.

  • TORONTO, Nov 1- A massive public share offering from Barrick Gold Corp has met with sluggish demand, market sources said on Friday, with the shares of the world's biggest gold producer falling below the offer price.

  • LONDON, Nov 1- Hedge funds are clamouring for Portuguese banks to end a four-year absence from the junior bond market after successful issues from Italy's UniCredit and Spain's CaixaBank, debt bankers said on Friday.

  • Nov 1- Oaktree Capital Group LLC, the world's largest distressed debt investor, said on Friday its adjusted net income rose by 14 percent year-on-year in the third quarter as its income from performance fees more than doubled.

  • *Shares surge on earnings, Sydney Airport proposal, dividend. SYDNEY, Nov 1- Australia's top investment bank Macquarie Group Ltd booked a better-than-expected 39 percent increase in first-half net profit, bolstered by a strong performance from its asset management division.

  • *Shares surge on earnings, Sydney Airport proposal, dividend. SYDNEY, Nov 1- Australia's top investment bank Macquarie Group Ltd booked a better-than-expected 39 percent increase in first-half net profit on Friday, helped by an upswing in IPOs and a strong performance from its asset management division.

  • NEW YORK, Oct 31- New York- based Ziff Brothers Investments plans to gradually shut down its U.S. hedge fund, the Wall Street Journal reported on Thursday. The Ziff brothers, Dirk, Robert and Daniel, set up their family office in 1992, after the $1.4 billion sale by their father, William Ziff Jr., of his Ziff-Davis publishing empire.

  • NEW YORK, Oct 31- Asset manager Invesco Ltd said on Thursday that its third-quarter profit rose 34 percent as strong net inflows, primarily in its retail business, helped boost assets. Assets under management at Invesco grew by $39.9 billion during the quarter to total $745.5 billion at the end of September, a 12.4 percent increase from a year earlier.

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