Asset Management and Custody Banks
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The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.
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NEW YORK, May 1- The private equity arm of OMERS, one of Canada's largest pension plans, has hired Barclays Plc and Harris Williams& Co to explore a sale of United States Infrastructure Corporation, three people familiar with the matter said this week.
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NEW YORK, May 1- The private equity arm of OMERS, one of Canada's largest pension plans, has hired Barclays Plc. and Harris Williams& Co to explore a sale of United States Infrastructure Corporation, three people familiar with the matter said this week.
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LONDON, May 1- With a lack of bank lending to European businesses stifling the region's economy, sidestepping the middlemen- if not quite cutting them out altogether- is becoming more attractive. Bank of England data for the same month tells a similar story, showing lending to UK SMEs down more than 3 percent over the past year.
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*Kirchner Group, Crestline Investors in joint venture. NEW YORK, May 1- Merchant bank Kirchner Group and Crestline Investors Inc, a hedge fund secondary buyer with $7.3 billion under management, have teamed up to launch a joint venture aimed at taking over management of so-called zombie funds from their original private equity sponsors.
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*Fund wants Tim Hortons to create REIT for property assets. TORONTO/ NEW YORK, May 1- Highfields Capital, a U.S. hedge fund agitating for change at coffee shop chain Tim Hortons Inc, faces a difficult task in trying to persuade long-term institutional investors of the merits of its plan to shake up the Canadian company.
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May 1- CI Financial Corp:. *Reports a new high in assets under management. *Reported assets under management as of April 30, 2013 of $81.6 billion.
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TORONTO, May 1- Highfields Capital, a U.S. hedge fund agitating for drastic change at iconic Canadian coffee-and-doughnut chain Tim Hortons Inc, is set for an uphill battle convincing some long-term institutional investors of the merits of its case.
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May 1- Bank of Montreal:. *BMO Harris private banking appoints a new vice-president for Quebec. *Source text for Eikon* Further company coverage ().
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NEW YORK, May 1- Nelson Saiers, a trader and math whiz, runs the type of hedge fund that tends to perform best when markets are going haywire. The $600 million Saiers Capital fund and other so-called volatility funds use complex trading strategies to take advantage of pricing discrepancies caused by gyrations in global financial markets.
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LONDON, May 1- Fund manager Henderson saw a net inflow into its retail business for the first quarter since early 2011 as investors ventured back to the markets, lessening slightly the impact of departing institutional money.
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LONDON, May 1- Britain's FTSE 100 index is seen opening up between 4 and 11 points, or 0.2 percent higher on Wednesday, according to financial bookmakers, although trade is expected to be light with most major European indexes closed for a public holiday.
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May 1- Artisan Partners Asset Management Inc:. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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By Jed Horowitz NEW YORK, April 30- E* Trade Financial Corp. She was most recently global head of digital marketing at investment management firm BlackRock Inc and had previously worked at Citigroup Inc and Bravas Partners.
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April 30- Virtus Investment Partners Inc:. *Q1 earnings per share $1.73. *Says assets under management were $51.2 billion at March 31, 2013, an.
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NEW YORK, April 30- E* Trade Financial Corp. Prior to joining Morgan Stanley, Nandra held senior management roles in investment banking and wealth management at Merrill Lynch. She was most recently global head of digital marketing at BlackRock and had previously worked at Citigroup and Bravas Partners.
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April 30- Ameriprise Financial Inc has expanded its adviser footprint in six states with veteran teams from top U.S. brokerages Morgan Stanley Wealth Management, Merrill Lynch, Wells Fargo Advisors, UBS Wealth management Americas and LPL Financial LLC.
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RBC Wealth Management, a division of Royal Bank of Canada, has hired a veteran branch manager from Morgan Stanley Wealth Management in Texas as the firm looks to expand in the region. Glen Hatch joined RBC's Austin office as a branch director from Morgan Stanley Wealth Management, where he had been for more than a decade, first with Citigroup's Smith Barney.
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April 30- RBC Wealth Management, a division of the Royal Bank of Canada, has hired a veteran branch manager from Morgan Stanley Wealth Management in Texas as the firm looks to expand in the region.
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PARIS, April 30 Fitch Ratings has affirmed BNP Paribas InstiCash EUR's money market fund rating at' AAAmmf'. The Luxembourg- domiciled money market fund is managed by BNP Paribas Asset Management. As at 12 April 2013, almost 90% of the fund's issuers and counterparties carried the highest short-term rating of' F1+', or equivalent.
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April 30- Asset manager Franklin Resources Inc. For the three months ended March 31, Franklin Resources of San Mateo, California, reported net income of $572.8 million, or $2.69 per share, up from net income of $503.2 million, or $2.32 per share, for the same period a year earlier.