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Asset Management and Custody Banks

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  • The net-long position held by hedge funds and speculators in arabica fell by 16 percent, or 3,859 contracts, to 20,236 contracts at Tuesday's close to finish the week to February 25 at 20,236 contracts, data from the Commodity Futures Trading Commission showed.

  • NEW YORK, Feb 28- Stocks on Wall Street zoomed to a record high on Friday, shrugging off a revised downward estimate to U.S. growth, while the euro hit its highest level this year after inflation in Europe stabilized, cooling expectations of looser monetary policy.

  • *Will invest jointly with Canada's OMERS, Japan's DBJ. TOKYO, Feb 28- Japan's public pension fund, the world's largest, reported a 4.73 percent return on investments in the October-December quarter, thanks to gains in Japanese stocks and an increase in the value of its foreign assets due to a weaker yen.

  • Feb 27- Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at Sotheby's with the goal of winning three board seats after the auction house's promise to return $450 million to shareholders failed to appease activist investors.

  • Federal Reserve Chair Janet Yellen offset concerns over tension in Ukraine and Russia. "Markets are showing some relief that monetary policy may remain loose and that the Fed is clearly taking a pragmatic view quarter by quarter," said Lorne Baring, managing director of B Capital Wealth Management in Geneva.

  • Feb 26- The chief investment officer of Calpers, the largest pension fund in the United States, has died after a battle with cancer, his office said on Wednesday. Joe Dear, diagnosed with prostate cancer last year, had been on leave from the California Public Employees' Retirement System since last month for treatment.

  • Congress faces a Sept. 30 deadline to renew federal funding for transportation programs, and the Highway Trust Fund that helps pay for road and bridge projects is teetering on insolvency.

  • SAFT ON WEALTH-Managers improve, but scale kills Wednesday, 26 Feb 2014 | 4:46 PM ET

    Feb 26- Fund managers are getting better, but active fund management is getting worse. Yes, I realize that is a bit like saying improved medical care is causing us to lose more patients, but this is indeed the upshot of new research and it should put investors in a quandary.

  • Treasury sells $32 billion of 2- year notes. NEW YORK, Feb 25- U.S. Insurance companies and pension funds with extended investment horizons were likely buyers of the 30- year Treasuries, according to rate-strategist Boris Rjavinski at UBS in Stamford, Connecticut.

  • TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday on strong wealth management and domestic banking profits, and executives said they expect the uneven performance of BMO's U.S. unit to eventually improve.

  • TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday after a strong performance in its wealth management business and growth in domestic banking profits in spite of worries about a slowing housing market.

  • *Insurance stocks rise after Humana comments. *Men's Wearhouse raises offer for Jos. Gains were broad, with nine of the 10 S&P 500 sectors up on the day and a number of bellwethers, including Caterpillar Inc and Merck& Co, hitting 52- week highs.

  • US STOCKS-S&P 500 hits record in broad market rally Monday, 24 Feb 2014 | 10:39 AM ET

    *Insurance stocks rise after Humana comments. *Men's Wearhouse raises offer for Jos. RF Micro Devices Inc agreed to buy TriQuint Semiconductor Inc for about $1.6 billion, while Men's Wearhouse Inc raised its cash tender offer for rival men's clothing retailer Jos.

  • SEC to push 'tick size' for small-cap stocks Friday, 21 Feb 2014 | 9:35 AM ET
    Securities and Exchange Commission Chairman Mary Jo White.

    The SEC will press ahead with a pilot that will allow small-cap stocks to trade in wider increments, the chair announced Friday.

  • Top hedge funds cling to eBay, Apple in fourth quarter Saturday, 15 Feb 2014 | 7:15 AM ET
    Carl Icahn

    E-commerce auction house eBay became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.

  • State fund finds Loeb's Third Point too risky Monday, 3 Feb 2014 | 9:07 AM ET
    Dan Loeb, founder and chief executive officer of Third Point LLC.

    Daniel Loeb's hedge fund will be losing Rhode Island as a client after the state's pension fund found his Third Point too risky.

  • Legg Mason to pay $21M to settle US civil charges Monday, 27 Jan 2014 | 12:42 PM ET

    A unit of asset manager Legg Mason will pay more than $21 million to settle civil cases with that accused the company of hiding losses from investors.

  • Cohen's SAC Capital said to gain 20% for year Tuesday, 31 Dec 2013 | 4:23 PM ET
    Steven A. Cohen

    Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, even as it pleaded guilty to insider trading charges.

  • Why you should invest in asset management     Thursday, 24 Oct 2013 | 5:00 AM ET

    Jason O'Connell, research director at Boston Private Bank, says the asset management business model is "tremendous" due to "terrific cash flow" and "very little balance sheet risk".

  • Steve Tananbaum, Goldentree, joins CNBC's David Faber to discuss the government shutdown. He believes both parties will figure it out and avoid deficit.