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Capital Markets Asset Management and Custody Banks

  • SINGAPORE, Oct 25- Global Infrastructure Partners and other investors including a Canadian pension fund and a unit of China Investment Corp have agreed to buy Equis Energy, Asia's largest independent renewable energy firm, for $5 billion. The deal value includes assumed liabilities of $1.3 billion, Equis Pte Ltd and GIP said in a statement.

  • *Index posts highest close since Feb. 21. TORONTO, Oct 24- Canada's main stock index rose to an eight-month high on Tuesday, coming within a whisker of the record it set in February, as industrial and financial shares climbed. The sector was boosted by earnings and guidance from its U.S. peers, said Peggy Bowie, senior trader at Manulife Asset Management.

  • BOSTON, Oct 24- Hedge fund manager David Einhorn told investors on Tuesday that his Greenlight Capital made three new investments during the third quarter, including a new bet on chip maker Micron Technology Inc.. In this reunion, the fund bought the stock at $29.21, Einhorn said in his quarterly letter, which was seen by Reuters. Greenlight analysts forecast that...

  • Graeme Roustan, who owns less than 1 percent of Power Corp, said in a letter to the company chairman that the group should sell assets including its interests in Pargesa Holding SA, renewable energy unit Power Energy and asset manager China AMC, among others. Roustan said in his letter that Power Corp is invested in too many unrelated sectors, with some portfolio...

  • RIYADH, Oct 24- Saudi Arabia, seeking to free itself from dependence on oil exports, announced on Tuesday a $500 billion plan to build a business and industrial zone extending into Jordan and Egypt. The 26,500 square km zone, known as NEOM, to be powered entirely by renewable energy, will focus on industries including energy and water, biotechnology, food, advanced...

  • RIYADH, Oct 24- Saudi Arabia announced on Tuesday a $500 billion plan to build a business and industrial zone that links with Jordan and Egypt, the biggest effort yet to free the kingdom from dependence on oil exports. The announcement came as an international business conference got under way in Riyadh, drawing over 3,500 people from 88 countries.

  • BOSTON, Oct 23- Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of UGG boots to hold its annual meeting and classify the hedge fund's board nominees so the company could avoid millions of dollars in financial penalties. The lawsuit filed in Delaware Chancery Court heightens tensions between Deckers and the hedge fund, which...

  • *Co-founder of Red Kite known as Mr. LONDON, Oct 23- Hedge fund Red Kite has filed a lawsuit against Barclays Plc, alleging the bank manipulated the copper market to its advantage, causing the hedge fund to lose $850 million. In court papers, Red Kite alleges that Barclays committed market abuse by manipulating market prices and using information from Red Kite about...

  • BOSTON, Oct 23- Fidelity Investments Chairman Abigail Johnson on Monday urged her employees to take responsibility for their workplace culture after embarrassing reports the mutual fund company dismissed at least two money managers accused of sexual harassment. Baker's $16 billion Over The Counter Portfolio outperformed nearly every large-cap growth...

  • BOSTON, Oct 23- Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of UGG boots to hold its annual meeting and classify the hedge fund's board nominees so the company could avoid millions of dollars in financial penalties. The lawsuit filed in Delaware Chancery Court heightens tensions between Deckers and the hedge fund, which...

  • BOSTON, Oct 23- Proxy advisory firm Glass Lewis recommended on Monday that Automatic Data Processing Inc shareholders vote for all three dissident directors proposed by activist investor Bill Ackman. Glass Lewis, whose clients are large institutional investors, is the first advisory firm to issue its findings before the Nov. 7 vote, where shareholders will...

  • BOSTON, Oct 23- Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of Ugg boots to hold its annual meeting and classify the hedge fund's board nominees so the company could avoid millions of dollars in financial penalties. The lawsuit filed in Delaware Chancery Court heightens tensions between Deckers and the hedge fund, which...

  • BOSTON, Oct 23- Proxy advisory firm Glass Lewis recommended on Monday that Automatic Data Processing Inc shareholders vote for all three dissident directors proposed by activist investor Bill Ackman. Glass Lewis, which advises large institutional investors, is the first advisory firm to issue its findings before the Nov. 7 vote, where shareholders will...

  • BOSTON, Oct 23- Proxy advisory firm Glass Lewis said on Monday that it recommends Automatic Data Processing shareholders vote for all three dissident directors, giving activist investor Bill Ackman a boost in a bitter proxy battle with the company. Glass Lewis, which advises large institutional investors, is the first advisory firm to issue its findings...

  • NEW YORK, Oct 23- BlackRock Inc, the world's largest asset manager, is lambasting the architects of market indexes like the S&P 500 for ostracizing companies that deny equal voting rights to shareholders, saying that doing so could limit the opportunities of investors in index funds. Snap Inc, the parent company of messaging app Snapchat, made waves when it went...

  • HONG KONG, Oct 23- Chinese firms Primavera Capital Group and CITIC Private Equity plan to raise new dollar-denominated funds totalling around $5 billion in a bid to bolster their firepower for offshore investments, six sources told Reuters. Primavera, run by former Goldman Sachs Greater China Chairman Fred Hu, aims to raise around $2.8 billion in its third fund...

  • Prolonged ultra-loose monetary policy has squeezed margins of financial institutions in many advanced economies including Japan, where its central bank caps borrowing costs at zero percent through aggressive money printing to reflate growth. But global comparisions show profitability is particularly low in Japan, "the central bank said in a...

  • BOSTON, Oct 22- Less than a year into her tenure as chairman of Fidelity Investments, Abigail Johnson faces a crisis amid allegations that the mutual fund giant has a men's club mentality. Johnson is addressing inappropriate workplace conduct such as sexual harassment by hiring a consulting firm to review employee behavior stretching back years, the Wall...

  • Deltic had said in August that it would work with investment bank Goldman Sachs Group Inc and law firm Davis Polk& Wardwell LLP to review its options after activist shareholder Southeastern Asset Management Inc pressured it to explore a sale. The Wall Street Journal, which first reported the news, cited sources as saying Potlatch would offer 1.8 of its common...

  • NEW YORK, Oct 22- Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday. Brian Hogan, president of Fidelity's stock-picking division, held an emergency meeting on Monday afternoon with his staff to stress the...