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Capital Markets Asset Management and Custody Banks

  • June 15- Goldman Sachs Group Inc has collected more than $7 billion for a fund which purchases secondhand stakes in private equity funds, far exceeding its initial target, according to two people familiar with the matter. The fund, called Vintage VII, is run out of the bank's asset management division and had initially sought to raise $5 billion in capital.

  • OSLO, June 15- Sweden's largest national pension fund, AP7, has sold its investments in six companies it accuses of breaching the Paris climate agreement, in a decision environmentalists believe is the first of its kind. AP7, which provides pensions to 3.5 million Swedes, said on Thursday it had sold out of ExxonMobil, Gazprom, TransCanada Corp, Westar, Entergy and...

  • June 15- Quebec's public pension fund said it secured an investment of C $1.28 billion from Canada's federal government for the construction of the world's third-largest light rail system in Montreal. The construction of Réseau électrique métropolitain project has been finalized at C $6.04 billion, Caisse de dépôt et placement du Québec said on...

  • TORONTO, June 15- Canada's main stock index fell on Thursday, tracking global markets that fell on concerns over the pace of economic growth, as bank stocks led broad declines and energy stocks were squeezed by oil prices that hit six-week lows. Brookfield Asset Management fell 1.2 percent to C $50.05 and was among the most influential decliners.

  • June 14- A former portfolio manager at Visium Asset Management LP was sentenced to 18 months in prison on Wednesday following his conviction on securities fraud charges stemming from an investigation that led the New York- based hedge fund to close last year. District Judge Jed Rakoff in Manhattan federal court, according to federal prosecutors.

  • June 14- A former portfolio manager at Visium Asset Management LP was sentenced to 18 months in prison on Wednesday following his conviction on securities fraud charges stemming from an investigation that led the New York- based hedge fund to close last year. District Judge Jed Rakoff in Manhattan federal court, according to federal prosecutors.

  • NEW YORK, June 14- In the first auction for old, illiquid Treasury bonds on the startup platform OpenDoor Trading, two investment firms managed to meet right in the middle of prices that buyers were offering and sellers were asking, an unusual occurrence that drew cheers from the executive suite. "The room erupted," OpenDoor Chief Executive Officer Susan Estes said...

  • *Fed raises rates, gives details on balance sheet reduction. June 14- U.S. stocks were little changed on Wednesday after the Federal Reserve made a widely expected move to raise interest rates for the second time in three months. The Fed "met expectations and delivered a dovish hike," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in...

  • LONDON, June 14- Prime Minister Theresa May has appointed Brexit supporter Stephen Barclay as "City minister" to oversee a financial services sector facing upheaval as Britain prepares to leave the European Union. Banks, trading platforms, insurers and asset managers in London are already making plans to open new bases in other parts of the EU, fearing a loss of...

  • SYDNEY, June 14- Activist shareholder Elliott Management called on BHP on Wednesday to "upgrade" its board of directors as the mining giant prepares to select a new chairman this week. Australian wealth management group Escala and fund Tribeca Investment Partners have also campaigned for a revamp at the company, with calls for board changes and reviews of the...

  • NEW YORK, June 13- Morgan Stanley is developing a new digital mortgage application tool in a bid to get more of its existing clients to turn to it for home loans, its wealth management technology head said on Tuesday. Morgan Stanley has invested heavily into growing its residential mortgage and customized lending business in recent years. But only 2 percent of...

  • The company appointed Nick Payneto, Salman Siddiqui and Liz Fernandes to its new global emerging markets equity desk. Petra Dismorr, the director of Citigroup Inc's EMEA Capital Introductions unit, will join hedge fund Halcyon Capital Management as head of EMEA sales, a source with knowledge of the matter said. The company's asset management division named...

  • The company appointed Nick Payneto, Salman Siddiqui and Liz Fernandes to its new global emerging markets equity desk. Petra Dismorr, the director of Citigroup Inc's EMEA Capital Introductions unit, will join hedge fund Halcyon Capital Management as head of EMEA sales, a source with knowledge of the matter said. The company's asset management division named...

  • LONDON, June 13- A group of International Bank of Azerbaijan creditors has filed an objection in a U.S. court against the state-run bank's $3.3 billion debt restructuring plan. Asset managers Fidelity Management& Research Company and Franklin Templeton Investment Management Ltd and hedge funds Promeritum Fund SPC and VR Global Partners LP are members of the...

  • LONDON, June 13- A record number of investors say equities are overvalued and three-quarters say internet stocks are expensive or in a bubble, a Bank of America Merrill Lynch fund manager poll showed on Tuesday, with tech-heavy Nasdaq deemed the most crowded trade. The survey, which polled 210 asset managers with $596 billion under management, was carried out...

  • The company appointed Nick Payneto, Salman Siddiqui and Liz Fernandes to its new global emerging markets equity desk. Petra Dismorr, the director of Citigroup Inc's EMEA Capital Introductions unit, will join hedge fund Halcyon Capital Management as head of EMEA sales, a source with knowledge of the matter said. The company's asset management division named...

  • The company appointed Nick Payneto, Salman Siddiqui and Liz Fernandes to its new global emerging markets equity desk. Petra Dismorr, the director of Citigroup Inc's EMEA Capital Introductions unit, will join hedge fund Halcyon Capital Management as head of EMEA sales, a source with knowledge of the matter said. The company's asset management division named...

  • NEW YORK, June 13- One of BlackRock Inc's longest-serving mutual fund managers, who is responsible for tens of billions of dollars in investors' money, is stepping down. Dennis Stattman, who has run what is now BlackRock's largest mutual fund for more than 28 years, will retire from his role at the BlackRock Global Allocation Fund in August, according to an internal...

  • *Keith Skeoch says may sell 16.1 bln stg annuity book. LONDON, June 13- Standard Life would sell its 16.1 billion pound annuity portfolio but has no plans to exit the insurance business altogether after it merges with Aberdeen Asset Management, Chief Executive Keith Skeoch said. With the boss of Standard Life's insurance business set to lose his seat on the board...

  • Digital disruption key theme at FundForum in Berlin

    CNBC's Gemma Acton reports from FundForum International in Berlin, Germany, on key themes impacting the fund management industry.