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Capital Markets Asset Management and Custody Banks

  • *European Commission tries to defuse demographic time bomb. BRUSSELS, June 29- The European Commission on Thursday proposed establishing a pan-European pension product to increase private savings and boost the growth of a European Union industry currently worth about 700 billion euros. As EU states' stretched public finances are struggling to cover...

  • Debt-ridden Mozambique released on Saturday a forensic audit report into $2 billion worth of loans made to tuna fishing company EMATUM, security firm Proindicus and Mozambique Asset Management. Reacting to the report, the Global Group of Mozambique Bondholders said in an emailed statement it was "evident that there is no basis-- in either Mozambican or...

  • *Follows six-year stint at Eton Park's London office. LONDON, June 29- A credit trader at the London office of Eric Mindich's $7 billion New York hedge fund, Eton Park, which said about three months ago that it was shutting down, is looking to open his own firm, three sources with direct knowledge of the matter said. Singh worked for Eton Park for roughly six years after a...

  • *EU Commission tries to defuse demographic time bomb. BRUSSELS, June 29- The European Commission proposed on Thursday establishing a new pan-European pension product to increase private savings for old age and boost the growth of an EU industry currently worth some 700 billion euros. As EU states' stretched public finances are already struggling to cover the...

  • LONDON, June 29- A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. The Task Force on Climate-Related Financial Disclosures was set up by the G20's Financial Stability...

  • NEW YORK, June 28- Quebec's largest pension fund has dismissed as "absolute nonsense" claims by Boeing Co that its $1.5 billion investment in Bombardier Inc's rail business amounted to unfair subsidies. Caisse de depot et placement du Quebec's Chief Executive Michael Sabia said in an interview with Reuters on Wednesday that the U.S. aerospace company,...

  • NEW YORK, June 28- U.S. investors moved roughly $6.3 billion into bond funds in the week ended June 21 despite the Federal Reserve's decision to hike interest rates the week before, continuing an unbroken streak of positive weekly inflows into debt funds for the year to date, Investment Company Institute data showed Wednesday. Investors are moving into bonds...

  • BOSTON, June 28- Dyal Capital Partners, the Neuberger Berman Group unit that buys minority stakes in hedge and private equity fund firms, has bought a piece of private credit and special opportunities investor Atalaya Capital Management, marking its third investment in three months. In April it bought stakes in TSSP, a global credit and credit-related...

  • LONDON, June 28- Britain's markets watchdog has announced a broad overhaul of the country's 7 trillion pounds asset management industry to help ensure better value for money for investors. Below is a list of the main steps the Financial Conduct Authority will take, and consultations for implementing them:. -There is weak competition in a number of areas.

  • LONDON, June 28- Britain's markets watchdog announced radical changes to the country's 7 trillion pound asset management industry on Wednesday, seeking to improve transparency and value for money for customers. The Financial Conduct Authority said it would strengthen the duty of fund managers to act in the best interests of investors and, as in the United...

  • LONDON, June 28- Britain's markets watchdog announced radical changes to the country's 7 trillion pound asset management industry on Wednesday, seeking to improve transparency and value for money for customers. The Financial Conduct Authority said it would strengthen the duty of fund managers to act in the best interests of investors and, as in the United...

  • PARIS, June 28- A global cyber attack has hit the property arm of France's biggest bank BNP Paribas, one of the largest financial institutions known to be affected by an extortion campaign that started in Russia and Ukraine before spreading. BNP Paribas Real Estate provides advisory, property and investment management and development services mostly in...

  • The UK FCA will co-operate with Hong Kong’s SFC in enabling fintech firms to more easily access the respective financial services marketplaces.

    The U.K. financial watchdog has blasted the domestic fund management industry for anti-competitive price practices and weak transparency.

  • PARIS, June 28- A global cyber attack has hit the property arm of France's biggest bank BNP Paribas, one of the largest financial institutions known to be affected by an extortion campaign that started in Russia and Ukraine before spreading. Among other French companies, retailer Auchan said Tuesday's cyber attack had hit terminal payments in its stores in...

  • LONDON, June 28- Britain's markets watchdog proposed radical changes to the country's 7 trillion pound asset management industry on Wednesday, seeking to improve transparency and value for money for customers. The Financial Conduct Authority said it would strengthen the duty of fund managers to act in the best interests of investors, and require them to...

  • LONDON, June 27- Oil prices have been rising gently during the past four trading sessions despite concerns about the continued rise in the U.S. rig count and enormous excess inventories. Front-month Brent futures prices are up by about $2 a barrel since touching a low of $44 on June 21, which could herald a break in the downtrend that had been in place since late May.

  • BOSTON, June 27- Hedge fund industry executive Anthony Scaramucci, an advisor to U.S. Scaramucci, a Republican fundraiser, has been working at the Washington- based bank since the middle of June and remains the Trump administration's choice for ambassador to the Organization for Economic Cooperation and Development, a source familiar with the matter said.

  • LONDON, June 27- Oil prices have been rising gently during the past four trading sessions despite concerns about the continued rise in the U.S. rig count and enormous excess inventories. Front-month Brent futures prices are up by about $2 a barrel since touching a low of $44 on June 21, which could herald a break in the downtrend that had been in place since late May.

  • *Retailers comprise 5 of top 10 most shorted UK stocks. The risks were on full display on Tuesday when shares in Debenhams slid more than 3 percent to an eight-year low following a weak trading update and a warning on UK sales. Of the 10 most-shorted stocks in the UK, five M&S, Debenhams, Pets At Home and grocers Morrisons and Ocado are now in the retail sector, according...

  • LONDON, June 26- All hope abandon, ye who enter here, is the warning inscribed above the gate of Hell, according to the Italian poet Dante Aligheri. Hedge funds and other money managers appear to have entered their own special version of hell and abandoned all hope that OPEC will rebalance the oil market, slashing formerly bullish bets on crude futures and options.