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Asset Management and Custody Banks

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  • NEW YORK, March 31- Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative asset manager since Carlyle Group LP's flotation two years ago.

  • NEW YORK, March 31- Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative asset manager since Carlyle Group LP's flotation two years ago.

  • The company, which is co-sponsored by NorthStar Asset Management Group Inc and RXR Realty LLC, will be structured as a public, non-traded corporation and intends to qualify as a real estate investment trust. NorthStar Asset Management Group Inc has been created as the successor to NorthStar Realty Finance Corp's asset management business.

  • UPDATE 1-Ares Management files for IPO Monday, 31 Mar 2014 | 5:38 PM ET

    NEW YORK, March 31- Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative asset manager since Carlyle Group LP's offering two years ago. Ares said in a filing with the U.S. Securities and Exchange Commission it planned to list on the New York Stock Exchange.

  • March 31- Pacific Investment Management Co. has been removed as subadvisor of two bond funds totaling $3.7 billion offered by ING U.S. Investment Management, though the decision by ING was made late last year before a management shakeup at Pimco, according to a regulatory filing with the SEC.

  • March 31- Shares in Biofuel Energy Corp more than doubled after hedge fund manager David Einhorn and his affiliates unveiled a plan to take a controlling stake in the ethanol producer. Einhorn already holds more than 35 percent of Biofuel Energy, mostly through his investment fund, Greenlight Capital Inc, according to a regulatory filing on Friday.

  • IPOVIEW-Candy Crush brings IPO market back to earth Friday, 28 Mar 2014 | 7:56 PM ET

    NEW YORK, March 28- In the weeks leading up to the IPO of King Digital Entertainment, the company's bankers scrambled to persuade investors that the maker of popular online game "Candy Crush Saga" was more than a one-trick pony, according to a source familiar with the situation.

  • NEW YORK, March 28- WisdomTree Investments Inc has paid a price for being so dependent on its flagship Japan fund- as that market reversed fortune this year, shares of the asset manager fell nearly 30 percent and Citi analysts downgraded its stock.

  • LONDON, March 28- The heavy outflow from emerging market equity funds all but ceased in the last week data from EPFR Global showed on Friday, a sudden halt that boosted hopes the recent pounding of EM assets may be abating.

  • At the Reuters ASEAN Summit, two of the country's largest companies, Siam Cement PCL and Charoen Pokphand Foods PCL, outlined growth strategies that are now firmly focused outside their home country.

  • Ares Management prepares to file for IPO -sources Thursday, 27 Mar 2014 | 5:40 PM ET

    March 27- Ares Management LLC, the credit investment and private equity firm that has been pitched on the idea of an initial public offering for more than a year, is finally close to registering to go public, according to two people familiar with the matter. JPMorgan Chase& Co and Bank of America Corp will be among the underwriters, they added.

  • March 26- Canadian fund manager AGF Management Ltd reported a 10 percent rise in quarterly profit as lower stock compensation expenses more than offset the impact of a decline in revenue.

  • Alibaba launches entertainment investment fund Wednesday, 26 Mar 2014 | 6:04 AM ET

    BEIJING, March 26- China's Alibaba Group Holding Ltd, the world's biggest e-commerce company, will launch a fund that allows customers to invest in entertainment products, the company said on Wednesday, as it expands its financial services platform.

  • NEW YORK, March 26- Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers, according to sources familiar with the situation.

  • Last June the SEC put forth a plan, mostly focusing on prime funds for institutional investors, which called for two alternative proposals that could be adopted alone or in combination.

  • The lawsuit, pending in Los Angeles federal district court, was filed by NML Capital, a unit of billionaire hedge fund manager Paul Singer's Elliott Management Corp, as part of a long-running series of court battles over Argentina's $100 billion default.

  • So-called momentum stocks were still down for the day but off their lows, including Netflix, down 2.1 percent at $370.84. Netflix has declined for 14 of the past 15 sessions, falling almost 19 percent over that stretch.

  • *HSBC to review Bank of Cyprus restructuring options. *Bank of Cyprus looks at bonds to repay c. bank funds. NICOSIA, March 25- Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a "bad bank", chief executive John Hourican said.

  • NEW YORK, March 25- Stocks on Wall Street were mixed on Tuesday after robust U.S. consumer confidence data, while Russian assets rose after major industrialized nations warned of additional sanctions without committing to a particular action.

  • LONDON, March 25- European banks such as Societe Generale, Credit Agricole and Unicredit will likely have to pay investors a higher return to buy the risky bonds that banks use to strengthen their balance sheets after the crisis in Ukraine forces a rethink about the potential dangers from such investments.