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Capital Markets Asset Management and Custody Banks

  • NEW YORK, Aug 13- For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads. Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a...

  • *CPPIB's net assets rise to C $326.5 billion. TORONTO, Aug 11- The Canada Pension Plan Investment Board, the nation's biggest public pension plan, said it delivered gross investment returns of 1.9 percent in the latest quarter, with the strong Canadian dollar hurting its performance. The CPPIB, which manages Canada's national pension fund and invests on behalf of...

  • TORONTO, Aug 11- Canada's main stock index lost ground on Friday, weighed by moves lower in financial stocks and a fall in shares of telecommunications company Telus Corp, which posted lower-than-expected quarterly earnings. The financials group slipped 0.6 percent, with Brookfield Asset Management Inc down 1 percent to C $48.43, extending losses after...

  • AMSTERDAM, Aug 10- Akzo Nobel does not have to let shareholders vote on whether to dismiss its chairman, a Dutch court ruled on Thursday, handing the paint company another victory in its battle with U.S. activist investor Elliott Advisors. Elliott, Akzo's largest shareholder with a 9.5 percent stake, holds Chairman Antony Burgmans responsible for Akzo's...

  • NEW YORK, Aug 10- The CEO of Automatic Data Processing Inc slammed investor William Ackman on Thursday, likening the hedge fund manager to a "spoiled brat," and skewering the billionaire's research efforts into the payroll processor. ADP CEO Carlos Rodriguez, in an interview with CNBC, called his interactions with Ackman "baffling and surreal."

  • TOKYO, Aug 10- Cash-strapped Toshiba Corp has staved off delisting after its accounting won auditor approval, albeit with a stern rebuke, leaving its listed status largely dependent on whether it can complete the stalled sale of its chip business by March. "It's cleared the first hurdle," said Makoto Kikuchi, chief executive at Myojo Asset Management.

  • LONDON, Aug 10- Britain's Prudential moved to fend off competition from passive funds on Thursday, merging its M&G asset management and UK and European insurance businesses to save costs and improve its products. The lure of lower-cost index funds has driven a round of consolidation in the active funds sector, with deals such as the formation earlier this year...

  • Aug 10- Valeant Pharmaceuticals International Inc investor John Paulson trimmed his stake in the Canadian drugmaker but said he remains fully supportive of the company's leadership. New York- based hedge fund Paulson& Co cut its stake to 6 percent from 6.3 percent, reported in June, due to rebalancing of its portfolios based on asset flows.

  • NEW YORK, Aug 9- The U.S. Department of Labor will give wealth management companies more time to get in line with the new "fiduciary rule," a regulation that requires financial advisers to put retirees' interests ahead of their own, the regulator said on Wednesday. The Labor Department filed the extension with the Office of Management and Budget as part of a broad...

  • LONDON/ BOSTON Aug 9- Hedge fund firm Pine River Capital Management's flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data compiled by HSBC. Assets in the multi-strategy fund dropped from $2.99 billion in July 2016 to $960 million in July 2017, the data showed. Minnetonka, Minnesota-headquartered Pine River, which also...

  • People wave banners and shout slogans as they attend a rally in support of North Korea's stance against the US, on Kim Il-Sung square in Pyongyang on August 9, 2017.

    Global and national markets remain unperturbed by North Korea's threats toward the U.S.

  • LONDON, Aug 9- Hedge fund manager Crispin Odey is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky, saying the 11.7 billion-pound offer undervalues the British pay TV broadcaster. His change of stance comes after Rupert Murdoch's attempt to take full control of Sky faced a further delay after the British...

  • LONDON, Aug 9- Hedge fund manager Crispin Odey has said he is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky, saying he believes the 11.7 billion pound deal undervalues the British broadcaster. Odey, who is the 15th biggest Sky shareholder with a 1 percent stake according to Thomson Reuters data, had said he backed the...

  • NEW YORK, Aug 8- Global Bankers Insurance Group is the previously undisclosed buyer of assets from the Beechwood family of reinsurance and asset management companies, a person familiar with the matter told Reuters. The recent purchase by Global Bankers a $3.5- billion, Durham, North Carolina- based subsidiary of conglomerate Eli Global LLC was bound by a...

  • Increased diversification of our flows: Standard Life CEO

    Standard Life CEO Keith Skeoch discusses earnings and the rationale behind his company's merger with Aberdeen Asset Management.

  • Digitalization a major enabler for client service in asset management

    Standard Life CEO Keith Skeoch speaks about AI in asset management and about planning for a hard Brexit.

  • LONDON, Aug 7- Hedge funds and other money managers are becoming bullish again about oil prices, for the third time this year, as investors conclude the market is showing clear signs of rebalancing. Hedge funds raised their combined net long position across the five major futures and options contracts linked to petroleum prices by 135 million barrels in the week...

  • WILMINGTON, Del., Aug 7- Puerto Rico's bankruptcy, aimed at restructuring $72 billion of debt, violates the U.S. Puerto Rico is barred from traditional municipal bankruptcy protection under Chapter 9 of the U.S. code. Aurelius owns around $3 billion of debt guaranteed by Puerto Rico's constitution.

  • LONDON, Aug 7- Hedge funds and other money managers are becoming bullish again about oil prices, for the third time this year, as investors conclude the market is showing clear signs of rebalancing. Hedge funds raised their combined net long position across the five major futures and options contracts linked to petroleum prices by 135 million barrels in the week...

  • ZURICH, Aug 7- Deutsche Bank dropped out of the world's top 15 private banks in 2016, a year marked by negative headlines for Germany's biggest lender, rankings by wealth management researcher Scorpio Partnership showed on Monday. Deutsche Bank sold a wealth management business in the United States last year and withdrew from a number of countries.