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Asset Management and Custody Banks

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  • Barclays investors urged to reject CEO's pay award Wednesday, 15 Apr 2015 | 7:34 AM ET

    LONDON, April 15- Barclays Plc shareholders should reject the British bank's remuneration policy, as pay for Chief Executive Antony Jenkins is "excessive", a shareholder advisory group said on Wednesday. Pirc, an independent group that says it offers advice to institutional investors with assets of more than 1.5 trillion pounds, said shareholders should...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.3 percent, to 4,380.5, while the Shanghai Composite Index dropped 1.2 percent, to 4,084.16 points. "Valuation of China's blue chips is still reasonable... but most of China's small-cap companies are expensive," said Huang Ruiqing, fund manager at Bosera Asset Management Co..

  • April 15- Turkish Islamic asset manager Alkhair Capital plans to launch new funds this year and will start a service to advise on Islamic bonds, or sukuk, its general manager said. Alkhair Capital, majority-owned by Bahrain's Bank Alkhair, is the only full-fledged Islamic investment firm in the country, with AZ Global and BMD Securities offering some...

  • NEW YORK, April 14- BlackRock Inc chief Larry Fink has asked the top executives of the 500 largest publicly listed U.S. companies urging them to take a long-term approach to create value for shareholders or risk losing his firm's support. BlackRock is the world's largest asset manager. Through March, buyback authorizations totaled $257 billion, the fastest...

  • HARTFORD, Conn.— The world's largest hedge fund is proposing upgrades to its wooded campus in Connecticut, a project that brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. Bridgewater Associates, which manages some $169 billion, is proposing to overhaul its office buildings and create an...

  • NEW YORK, April 14- Larry Fink, chief executive officer of BlackRock Inc, has sent a letter to the chief executives of the 500 largest publicly listed U.S. companies urging for a long-term approach to creating value for shareholders or risk losing its support. BlackRock is the world's largest asset manager. The company made Fink's letter available to Reuters...

  • TORONTO, April 13- The Canada Pension Plan Investment Board, the country's largest pension fund manager, said on Monday it is concerned about the Saskatchewan government's decision to temporarily ban certain institutional investors from buying farmland in the province. Pension plans and other institutional investors will be unable to purchase farmland...

  • *Netflix to raise share authorization, shares gain. April 13- U.S. stocks dipped on Monday as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings. Shares of General Electric dropped 3.1 percent to $27.63 after rallying on Friday, when it said there was potential to return more than $90 billion to investors through...

  • How to profit in bank stocks when Fed rates rise Monday, 13 Apr 2015 | 3:25 PM ET
    JPMorgan Chase headquarters building

    Bank stocks will move as interest rates rise, but how so is a complex question. Here are 9 keys to bank-stock profits as the Fed acts.

  • Shouting "Burger King, Mickey Ds" and holding signs saying "Dignity at Darden, No poverty wages," the protesters trooped through the ballroom at the Crowne Plaza hotel in Manhattan, interrupting the 13 D Monitor's Active-Passive Investor Summit at 1 p.m.. An unidentified person with the group, which represents the Restaurant Opportunity Center, said they came to...

  • SAO PAULO, April 10- The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday that Bradesco Asset Management SA had nominated Eduardo Bunker Gentil and Otavio Yazbek as candidates for the board.

  • April 10- It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. As part of a wider restructuring, GE announced on Friday it would sell most of the assets of its GE Capital Real Estate unit to Blackstone and Wells Fargo& Co for about $23 billion.

  • Norway proposes increased oversight of wealth fund Friday, 10 Apr 2015 | 5:47 AM ET

    OSLO, April 10- Norway's government has proposed appointing a new central bank deputy governor to oversee the country's $885 billion oil fund, aiming to increase control over the world's biggest sovereign wealth fund, it said on Friday. The fund, whose value equates to more than $170,000 for each of Norway's 5.16 million people, has come under criticism from...

  • *Russia's rouble extends week-long rally. LONDON, April 10- Emerging equities were headed for a second consecutive weekly gain on Friday on a perception that the United States will not see higher interest rates until late in the year, bolstering the appeal of non-dollar assets. The MSCI emerging equities index was 0.4 percent higher, following strong trading in...

  • SAO PAULO, April 9- Verde Asset Management, Brazil's largest hedge fund with over 30 billion reais under management, posted the highest return in six months in March as bets on a stronger U.S. dollar and rising borrowing costs in the country paid off. In a letter to investors on Thursday, Verde money managers led by Luis Stuhlberger said that the fund's currency...

  • BOSTON, April 9- Steven A. Cohen has hired a hedge fund industry veteran to head a new training program designed to pass the billionaire investor's famous stock picking skills to a new generation as he rebuilds after an insider trading scandal. Cohen's $11 billion firm Point72 Asset Management said on Thursday that Jaimi Goodfriend, a college lecturer in...

  • LONDON, April 9- Three years after facing off over Greece's debt workout, the two giants of debt restructuring- Lazard and Blackstone- are again preparing to do battle, one for Ukraine and the latter on behalf of its creditors. Another prominent player is Franklin Templeton, one of the world's biggest asset managers, whose star investor, Michael Hasenstab, has...

  • Johnson has made her investments through Impresa Management LLC, whose key shareholders include trusts for her and two siblings, Edward C. Johnson IV and Elizabeth Johnson, according to recent disclosures with the U.S. Securities and Exchange Commission. One of its biggest holdings at the end of last year was a $353 million stake in Chinese Internet commerce...

  • NEW YORK, April 9- Canadian fashion designer Peter Nygård escalated his acrimonious U.S. legal battle with Louis Bacon, saying the billionaire hedge fund manager may have driven a groundskeeper to set a fire that heavily damaged Nygård's neighboring Bahamas beachfront estate. Nygård made the accusation in a countersuit filed Wednesday in a New York state...

  • April 9- Euromoney Institutional Investor Plc on Thursday named Andrew Rashbass, chief executive of the Reuters news division of Thomson Reuters Corp, as executive chairman. Rashbass joined Thomson Reuters in July 2013 from The Economist Group, where he was CEO. Thomson Reuters said Rashbass will leave the company at the end of April and Reuters...