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Asset Management and Custody Banks

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  • Nov 25- The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings Plc leaked confidential client information to a major hedge fund, the Wall Street Journal reported, citing people with knowledge of the matter. The alleged leak is believed to have taken place in March 2010, when HSBC was advising British insurer Prudential Plc on...

  • WASHINGTON, Nov 25- HSBC Holdings Plc will pay $12.5 million to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday. The SEC said HSBC's Swiss unit amassed 368 U.S. accounts, and its employees traveled to the United States at...

  • WASHINGTON, Nov 25- HSBC Holdings Plc will pay $12.5 million to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday. The SEC said HSBC's Swiss unit amassed 368 U.S. client accounts, and its employees traveled to the United...

  • TOKYO, Nov 25- Japan's $1.1 trillion Government Pension Investment Fund's holdings of domestic bonds fell below half its assets for the first time in the third quarter, highlighting an aggressive shift to riskier assets in line with a push from Prime Minister Shinzo Abe. The roughly $25 billion drop in holdings of low-yielding Japanese government bonds by the...

  • NEW YORK, Nov 24- U.S. fund firms are taking extra measures to make sure they don't get stuck holding hard-to-sell bonds in the event that fixed income markets see a massive race to the exits when interest rates start to rise. Over the past few months a growing number of asset managers, including Neuberger Berman, Natixis Global Management and T. Rowe Price have been...

  • Third Point steps up pressure on Dow Chemical Thursday, 13 Nov 2014 | 7:29 PM ET

    Hedge fund Third Point is considering launching a proxy contest at Dow Chemical after negotiations over board seats broke down on Thursday.

  • Hedge funds poised to pile into China via 'connect' Thursday, 13 Nov 2014 | 6:20 PM ET

    When the landmark Hong Kong-Shanghai equity link debuts on Monday, hedge funds are expected to plunge into mainland shares.

  • Russell Investments, Ft. Lauderdale fund ax Pimco Friday, 17 Oct 2014 | 8:49 AM ET
    Bill Gross

    Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.

  • Goldman Sachs in talks to buy ETF provider: Sources Thursday, 16 Oct 2014 | 11:37 PM ET

    Goldman Sachs is in discussions to acquire IndexIQ, an exchange-traded fund provider, according to three sources familiar with the situation.

  • Bill Gross says happy to get back to investment roots Saturday, 4 Oct 2014 | 6:45 PM ET
    Bill Gross

    "Managing money is in my blood," Bill Gross, who is the co-founder of Pacific Investment Management Co., told Barron's this weekend.

  • Citigroup faces curbs on hedge fund sales: Report Friday, 22 Aug 2014 | 6:24 AM ET

    Citigroup says it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the SEC, according to the WSJ.

  • 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.

    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
    Why you should invest in asset management

    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".

  • People who sold last Nov.-Dec. regret it: Goldentree founder

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