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Capital Markets Asset Management and Custody Banks

  • July 5- Dallas- based Highland Capital Management LP is set to buy and expand an Argentina- focused hedge fund previously managed by Argentine fund firm MBA Asset Management, according to a person familiar with the situation. The fund currently has assets under management of $80 million, but the person said that figure could increase to between $400 million and...

  • *Oil slumps about 4 percent on rising OPEC exports. Crude prices settled about 4 percent lower, ending their longest bull run in more than five years, hurt by a stronger dollar and concerns about rising OPEC exports. "The U.S. is the swing producer and the major capitalist producer as well," said Tim Ghriskey, chief investment officer of Solaris Asset Management in New...

  • NEW YORK, July 5- U.S. investors took $4.38 billion out of mutual funds and exchange-traded funds that focus on domestic equities in the week that ended June 28, the second straight week of outflows as U.S. stock indices remained near record highs, Investment Company Institute data showed on Wednesday. The benchmark S&P 500 index trades at a price-to-earnings...

  • BEIJING, July 4- China's cabinet has approved an increase of quota under the Renminbi Foreign Institutional Investor scheme for Hong Kong to 500 billion yuan to further meet demand for yuan asset allocation by Hong Kong investors, the central bank said on Tuesday.

  • *Indonesia to open more sectors to foreigners in August. JAKARTA, July 3- Indonesia is hoping for additional inflows worth $10 billion from pension funds and other institutional investors over the next two years following Standard& Poor's upgrade of its credit rating to investment grade, President Joko Widodo told Reuters. For the first time in almost 20 years,...

  • LONDON, July 3- Hedge fund managers had amassed a record number of short positions in petroleum futures and options by the start of last week, which primed the oil market for a sharp short-covering rally at the end of the month. Hedge funds and other money managers held short positions in the five major contracts on crude, gasoline and heating oil amounting to 510...

  • July 3- Activist investor Jana Partners LLC disclosed a 5.8 percent stake in natural gas producer EQT Corp on Monday and urged the company to abandon its $6.7 billion buyout of rival Rice Energy Inc.. The move, which threatens to scuttle EQT's plans to become the largest U.S. natural gas producer, is hedge fund Jana's latest foray into the energy sector.

  • July 3- Activist investor Jana Partners LLC disclosed a 5.8 percent stake in natural gas producer EQT Corp on Monday and urged the company to abandon its $6.7 billion buyout of rival Rice Energy Inc.. The move, which threatens to scuttle EQT's plans to become the largest U.S. natural gas producer, is hedge fund Jana's latest foray into the energy sector.

  • NEW YORK, July 3- "Time for a prenup?" Every summer, some of Wall Street's biggest wealth management firms organize events catering to future heirs of their ultra-wealthy clients, hoping they can teach them a thing or two about money, and plant the seeds for what banks hope will be fruitful business relationships down the line. The millennials already control nearly...

  • July 3- Activist investor Jana Partners LLC disclosed a 5.8 percent stake in natural gas producer EQT Corp on Monday and urged the company to abandon its $6.7 billion buyout of rival Rice Energy Inc.. "EQT seeks to maintain an open dialog with investors and respects their opinions and perspectives," EQT spokeswoman Natalie Cox said in a statement.

  • July 3- Activist investor Jana Partners LLC disclosed a 5.8 percent stake in natural gas producer EQT Corp on Monday and urged the company to abandon its $6.7 billion buyout of rival Rice Energy Inc.. EQT's shares gained 2 percent to $59.78, while shares of Rice Energy fell 3.7 percent to $25.65 in mid-day trading. Rice must pay EQT a breakup fee of $255 million if...

  • NEW YORK, July 3- Two high-level quantitative researchers have left BlackRock Inc as the world's largest asset manager embarks on an ambitious effort to engineer a high-tech revolution within its stockpicking business. Michael Lemmon, a former University of Utah finance professor and a senior researcher within BlackRock's quantitative Scientific...

  • LONDON, July 3- Hedge fund managers had amassed a record number of short positions in petroleum futures and options by the start of last week, which primed the oil market for a sharp short-covering rally at the end of the month. Hedge funds and other money managers held short positions in the five major contracts on crude, gasoline and heating oil amounting to 510...

  • *Indonesia to open more sectors to foreigners in August. JAKARTA, July 3- Indonesia is hoping for additional inflows worth $10 billion from pension funds and other institutional investors over the next two years following Standard& Poor's upgrade of its credit rating to investment grade, President Joko Widodo told Reuters. For the first time in almost 20 years,...

  • LONDON, July 3- The rising influence of "open ended" funds and the impact on developing economies if the investment flows were abruptly reversed remain a concern for global regulators, Financial Stability Board Chairman Mark Carney said on Monday. The rapid growth in the world's asset management sector since the financial crisis to $75 trillion assets by 2015,...

  • JAKARTA, July 3- Indonesia is hoping for additional inflows worth $10 billion from pension funds and other institutional investors over the next two years following Standard& Poor's upgrade of its credit rating to investment grade, President Joko Widodo told Reuters on Monday.

  • CALI, Colombia, June 29- The Pacific Alliance trade group said on Thursday it has reached a tax agreement for pension funds operating in the bloc's four nations in an effort to stimulate investment in infrastructure projects. The alliance, which comprises Colombia, Chile, Mexico and Peru, was formed in April 2011, aimed at improving trade flows and bolstering...

  • *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...