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Asset Management and Custody Banks

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  • HONG KONG, Sept 8- Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments.

  • Sept 7- When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action.

  • SINGAPORE, Sept 8- Faced once again with the prospect of rate rises in the United States, investors in Asia are no longer selling and running as in the past, choosing instead to stay in markets like India and South Korea, that are relatively sheltered from global forces.

  • *Traders see first Fed hike in July 2015. NEW YORK, Sept 5- Benchmark U.S. "This means that the U.S. economy is still in healing mode," said Putri Pasqualy, managing director and senior credit strategist at Pacific Alternative Asset Management Company in Irvine, California.

  • NEW YORK, Sept 5- Leveraged exchange-traded funds, designed to magnify short-term returns, have fallen out of favor this year as investors who had embraced them are finding costs excessive in a calm market that is not rewarding bets on wild daily swings.

  • By Jeffrey Dastin and Daina Beth Solomon. Sept 5- New York hedge fund manager William Ackman says Herbalife is a pyramid scheme that exploits the poor.

  • *10 cents move in euro: 1 bln euro swing in Airbus's op profits. *Airbus, Sanofi, Luxottica seen among big winners.

  • Past attempts by the SEC and the Financial Industry Regulatory Authority to improve disclosure and end certain incentive payments have faltered.

  • *Deal could attract Middle Easterners to Africa. DUBAI/ LAGOS, Sept 4- Qatar National Bank on Thursday bought a 12.5 percent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017..

  • TOKYO, Sept 4- Japan's new welfare minister tasked with reforming the country's $1.2 trillion pension fund is a Harvard- educated former central banker with a sharp sense of the reforms that markets want to see and a willingness to buck the system.

  • *Sinopec plans largest coal-to-gas project in China. BEIJING, Sept 4- Sinopec Corp is pushing ahead with plans to build China's largest plant to convert coal into synthetic gas, shaking off worries the $10 billion scheme could be hit by cost overruns that have dogged similar projects.

  • GLOBAL MARKETS-Stocks, euro dip ahead of ECB meeting Thursday, 4 Sep 2014 | 4:32 AM ET

    *MSCI ex-Japan Asia shares retreat from 7- year high. LONDON, Sept 4- A month-long march higher for European and Asian stock markets stalled on Thursday on concerns the European Central Bank will do nothing immediate at its meeting later in the day to address a deteriorating economic outlook.

  • TORONTO, Sept 3- Manulife Financial Corp said on Wednesday it has agreed to acquire the Canadian operations of Standard Life Plc for about C $4 billion in cash, in a deal that significantly expands the insurer's presence in Quebec.

  • TOKYO, Sept 3- Investors may have jumped the gun when they bought Japanese stocks and sold the yen on news that a proponent of an overhaul of Japan's Government Pension Investment Fund will be in charge of the ministry that oversees the mammoth fund.

  • "It's another example of just how bad things are in the consumer credit sector," said Nic Norman-Smith, chief investment officer of Lentus Asset Management, which owns shares in JD Group's parent, Steinhoff International.

  • *Warren Buffett flags support for' passive' investing. LONDON, Aug 31- Warren Buffett built a fortune of nearly $60 billion from astute stock picking, but when the 83- year-old dies, the vast majority of the money he leaves his wife will be parked in a fund that simply moves in step with an index.

  • NEW YORK, Aug 29- Some hedge funds seem to have missed out on this week's big rally in U.S. natural gas, cutting bullish bets on the fuel before prices hit six-week highs, government data suggested on Friday.

  • TORONTO, Aug 28- Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported higher third-quarter earnings on Thursday, extending a trend of buoyant capital markets boosting investment banking and trading profits at the country's big lenders.

  • UPDATE 1-CIBC reports stronger third-quarter profit Thursday, 28 Aug 2014 | 6:49 AM ET

    TORONTO, Aug 28- Canadian Imperial Bank of Commerce reported a higher third-quarter profit on Thursday, helped by strong gains at its wealth management and investment dealer divisions. Canada's 5th largest lender said its net income rose to C $921 million, or C $2.26 per share in the quarter ended July 31, from C $878 million, or C $2.13 a year earlier.

  • CIBC reports stronger third-quarter profit Thursday, 28 Aug 2014 | 6:17 AM ET

    TORONTO, Aug 28- Canadian Imperial Bank of Commerce reported a higher third-quarter profit on Thursday, helped by strong gains at its wealth management and investment dealer divisions. Canada's 5th largest lender said its net income rose to C $921 million, or C $2.26 per share in the quarter ended July 31, from C $878 million, or C $2.13 a year earlier.