GO
Loading...

Asset Management and Custody Banks

More

  • *ShFE copper may see another bout of short-covering- Standard Bank. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper& Gold Inc and Newmont Mining Corp renegotiate taxes on their exports with the government, has wiped out the year's expected surplus.

  • One person who has thought interestingly about these issues is Stephen Jen, a hedge fund manager at SLJ Macro Partners. Jen argues, picking up on points made by economist Paul Samuelson a decade ago, that lagged effects of globalization may be behind some of the peculiarities in both markets and economics we now observe.

  • NEW YORK, June 26- KKR& Co LP said on Thursday it named Alexander Navab sole head of its Americas private equity business after a review resulted in Michael Michelson's giving up his title as co-head alongside Navab to return to full-time investing.

  • LONDON, June 26- The London Stock Exchange Group unveiled the largest acquisition in its history, snapping up U.S. group Frank Russell for $2.7 billion to boost its position in the world's largest financial services market and sending its shares surging.

  • LONDON, June 26- The London Stock Exchange Group said it planned to acquire U.S.-based asset manager and stock exchange provider Frank Russell for $2.7 billion, with the help of a $1.6 billion rights issue, as it ramps up its U.S. presence.

  • *Upgrade of UAE, Qatar by MSCI lured billions. DUBAI, June 25- The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad.

  • sources@ TOKYO, June 25- Three Japanese "semi-public" pension funds aggressively bought Tokyo stocks in recent weeks, market sources said, acting before a review of their asset allocation policies is complete.

  • *34 new commodity funds through May, lowest since H1 2006. *Only two new "discretionary" funds, both by same trader. NEW YORK, June 24- Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-profile fund failures in the commodities sector.

  • JGBs steady as investors await Japan growth plan Monday, 23 Jun 2014 | 11:03 PM ET

    Japanese Prime Minister Shinzo Abe will detail his so-called "third arrow" policies including phased corporate tax cuts and reforms for the $1.26 trillion Government Pension Investment Fund, the world's biggest pension fund.

  • *Wisconsin Energy to buy Integrys for $9.1 bln. *ParkerVision plummets on its heaviest-ever volume. "Right now we're digesting last week's gains and keeping an eye on all the economic data that's coming out this week," said Leo Grohowski, who oversees more than $184 billion in client assets as chief investment officer at BNY Mellon Wealth Management in New York.

  • June 23- Private equity firm Carlyle Group LP said on Monday it had raised $1 billion for its second fund focused on buying and selling financial institutions such as wealth managers and insurance firms, almost three years after it began fundraising.

  • NEW YORK, June 22- Bank of America Corp will announce on Monday it will lower the threshold for consumers who qualify for discounts on loans and other benefits as the No. 2 U.S. bank seeks to win more business from existing customers.

  • Japan overhauls its massive public pension fund Monday, 21 Apr 2014 | 11:36 AM ET
    Japanese Prime Minister, Shinzo Abe.

    Japan overhauled the world's biggest public pension fund in a push toward Prime Minister Shinzo Abe's goal of a more aggressive investment strategy.

  • Alibaba.com's headquarters in Hangzhou, China

    Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil

  • 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".