×

Capital Markets Asset Management and Custody Banks

  • BlackRock ended the quarter with $5.69 trillion in assets under management, up from the preceding quarter, when managed assets totaled $4.89 trillion. The company's net income rose 8.6 percent to $857 million in the second quarter. In the most recent quarter, the company's iShares ETF business took in $73.8 billion in new money, up from $15.7 billion, a year...

  • Daniel Ivascyn of PIMCO in 2012

    Bond firm Pacific Investment Management Co added longer-term U.S. Treasury securities to its portfolio this week.

  • NEW YORK, July 14- Bond firm Pacific Investment Management Co added longer-term U.S. On Thursday, Pimco said it oversaw $1.61 trillion as of June 30, up from $1.51 trillion in the previous quarter and $1.47 trillion at the end of last year. The rebound in assets over the past year-and-a-half has been driven by Ivascyns Pimco Income Fund and a corporate bond fund...

  • NEW YORK, July 14- Cost-cutting U.S. brokerage and asset manager Charles Schwab Corp is making plans to launch what could be its first new exchange-traded funds in nearly four years, a filing with U.S. regulators showed on Friday. The filing with the U.S. Securities and Exchange Commission did not disclose fees, but San Francisco- based Schwab has grown its share of...

  • NEW YORK, July 14- Cost-cutting U.S. brokerage and asset manager Charles Schwab Corp is making plans to launch what could be its first new exchange-traded funds in nearly four years, a filing with U.S. regulators showed on Friday. The filing with the U.S. Securities and Exchange Commission did not disclose fees, but San Francisco- based Schwab has grown its share of...

  • July 14- The California Public Employees' Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30, up sharply from last year's return of 0.6 percent due to a boost from equities. The performance of CalPERS public equities, or stock portfolio, topped the S&P 500 benchmark of major U.S....

  • *FTSE 100 down 0.5 pct. LONDON, July 14- Britain's major share index faltered on Friday, cutting its weekly gain from a global rally after U.S. The FTSE 100 fell 0.5 percent, underperforming mid-caps and taking weekly gains to a narrow 0.2 percent.

  • July 14- The California Public Employees' Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30, up sharply from last year's return of 0.61 percent due to a boost from equities. Public equities, or stocks, generated a 19.7 percent return, while the private equity asset class returned 13.9...

  • SAN FRANCISCO, July 14- The California Public Employees' Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30.

  • This keeps the Fed on a gradual pace "for further rate increases, said Eric Souza, senior portfolio manager at SVB Asset Management in San Francisco. The Labor Department said earlier Friday the CPI grew 1.6 percent from a year earlier in June, marking the smallest year-over-year gain since October 2016. At the same time, retail sales unexpectedly fell by 0.2...

  • TOKYO, July 14- Japan's Government Pension Investment Fund, the world's largest pension fund with $1.3 trillion under management, plans to raise its allocation to environmentally and socially responsible investments to 10 percent of its stock holdings from 3 percent now, the head of FTSE Russell said. They've said they are putting 3 percent of their...

  • *AlphaGen Elnath Fund lost 48 percent from January to June. LONDON, July 14- Many of last year's most successful oil market bulls have seen their winnings dissolve in the first half of this year, as the crude price has wallowed below $50 a barrel despite output cuts by some of the world's largest producers. Among the biggest casualties so far is the oil...

  • *FTSE 100 down 0.1 pct. LONDON, July 14- Britain's major share index faltered on Friday, but was set to end the week in positive territory on the back of a global rally after US Fed officials suggested monetary policy tightening would go ahead at a slower pace. The FTSE 100 was down 0.1 percent by 0840 GMT, in line with mid-caps.

  • NEW YORK, July 13- BlackRock Inc voted for eight proposals pushing U.S. and Canadian companies to adopt policies boosting their boards' diversity during the most recent quarter, the world's largest asset manager said on Thursday. Women hold about a fifth of board seats in the S&P 500 index, according to Catalyst Inc, an advocacy group. The New York- based company...

  • BOSTON, July 13- Vanguard Group, the world's largest mutual fund manager, said on Thursday Chief Executive Bill McNabb will step down at the end of the year and be replaced by Chief Investment Officer Tim Buckley, betting on the internal successor to oversee rapid growth. McNabb, 60, who took the CEO job in 2008, will remain chairman of the Pennsylvania company...

  • Total assets held by emerging markets-focused private equity funds increased from $254 billion at the end of 2010 to $564 billion as of September 2016, according to alternative assets research firm Preqin. Preqin's data showed investors still viewed North America, Europe and Asia more favorably than emerging markets as "presenting the best opportunities."

  • July 13- Greenlight Capital Inc, a hedge fund run by David Einhorn, was forced to pay back more than $400 million in clients withdrawals at midyear, the Wall Street Journal reported on Thursday, citing sources. More than 15 percent of eligible investors chose to redeem their money, people close to the hedge fund told the newspaper. Greenlight, a U.S.-stock...

  • ZURICH, July 13- UBS's Chinese asset management subsidiary has been granted a licence to manage money for institutions and wealthy investors onshore in China, part of the Swiss bank's efforts to stock up on local licences. "Securing the licence expands the breadth and depth of our domestic offering, complements our offshore capabilities and, importantly,...

  • ZURICH, July 13- UBS's Chinese asset management subsidiary has been granted a license to manage money for institutions and wealthy investors onshore in China, part of the Swiss bank's efforts to stock up on local licenses. "Securing the license expands the breadth and depth of our domestic offering, complements our offshore capabilities and, importantly,...

  • NEW YORK, July 13- The world's largest asset manager BlackRock Inc on Thursday launched four bond exchange-traded funds and cut fees on another in an effort to lure more investors to its products from traditional debt markets. The moves come as BlackRock estimates bond ETFs attracted $84 billion so far in 2017, a record for the first-half of the year, and the...