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Capital Markets Asset Management and Custody Banks

  • PARIS, May 24- BNP Paribas plans to increase the assets run by its fund management arm by 5 percent a year to 2020 and speed up the development of the business in Germany, China and the United States. It also plans to rebrand BNP Paribas Investment Partners to BNP Paribas Asset Management from June 1. This brand will cover around 80 percent of its business, while the...

  • *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Some Central European currencies and stocks rebounded on Wednesday after a retreat in the past two sessions due to profit-taking. China's credit rating downgrade by Moody's did not have an impact and with a lack of major international market moving factors, investors are watching...

  • NEW YORK, May 23- More than 20 banks and asset management firms are in advanced discussions with regulators in France about shifting jobs there following Britain's vote to leave the European Union, former Bank of France chief Christian Noyer said on Tuesday. Noyer is leading the French government's efforts to lure London- based financiers to Paris as they seek...

  • How will the fiduciary rule affect you?

    With the controversial fiduciary rule set to take effect next month, Dave Pottruck, HighTower Advisors chairman, discusses what it means for investors.

  • BOSTON, May 23- A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea...

  • NEW YORK, May 23- Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company's website, said Chief Executive Abigail Johnson on Tuesday. The move will make the Boston- based asset manager one of a handful of large financial services firms to have integrated...

  • May 23- Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector. Guided by a team of eight investment professionals, the new business will make investments of between $30 million and $70 million in public and private life sciences companies in areas ranging...

  • LONDON, May 22- Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Combined Brent and WTI short positions increased by just 22 million barrels in the week to May 16 compared with 71 million in the week to May 9 and 65 million in the week to May 2. By May 16, combined short...

  • PURCHASE, N.Y., May 22- Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday. JPMorgan Chase& Co CEO Jamie Dimon faced activists during the bank's annual meeting last week who demanded answers about his role on a...

  • PURCHASE, N.Y., May 22- Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday. Morgan Stanley avoided protests that dominated other Wall Street firm's annual meetings this year. JPMorgan Chase& Co CEO Jamie Dimon...

  • LONDON, May 22- Royal Bank of Scotland is close to settling a costly and potentially embarrassing case alleging it misled shareholders during a 12 billion pound fundraising at the height of the financial crisis, sources familiar with the talks said on Monday. Trevor Hemmings, a multimillionaire businessman whom Reuters previously reported is one of the main...

  • BOSTON, May 22- A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts- based MC2 Capital Management LLC, was arrested in Vermont on Saturday and charged in a criminal complaint with...

  • SAO PAULO, May 22- Brazilian asset manager JGP Gestão de Recursos Ltda denied on Monday it had early knowledge of allegations that set off a political firestorm last week, when several of its funds posted gains on a day when most domestic investors suffered heavy losses. JGP's three cross-asset funds yielded returns between 1 percent and 3.3 percent on...

  • LONDON, May 22- Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Combined Brent and WTI short positions increased by just 22 million barrels in the week to May 16 compared with 71 million in the week to May 9 and 65 million in the week to May 2. By May 16, combined short...

  • *OPEC overcomes suspicions to talk to funds and traders. *OPEC and non- OPEC oil ministers meet on Thursday. Barkindo, elected to OPEC's top job in June 2016 to deal with an oil price slump, told Morse that OPEC wanted to better understand the way financial players worked in the oil markets.

  • Barclays will now seek to bolster staff in its private banking hubs of London, Dublin, Geneva, Monaco, India, Dubai, Jersey, Guernsey and the Isle of Man, the source said. "In line with Barclays International's overall strategy we are positively investing in Private Bank& Overseas Services," a spokesman for Barclays said. Banks worldwide are pushing into private...

  • *Arabtec soars in Dubai after it wins big order for tower. RIYADH, May 21- Saudi Arabia's stock market outperformed a sluggish region on Sunday after U.S. and Saudi companies signed over $200 billion of deals during the visit to Riyadh by President Donald Trump. "Sentiment is high because of the deals," said Talal Samhouri, head of asset management at Qatar's Amwal,...

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after Brazil's financial markets were slammed by a corruption scandal threatening to topple President Michel Temer and his reform agenda. Manager Henrique Bredda said around half of the losses in the fund, formally known as Alaska Black FIC FIA-...

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after the country's financial markets were slammed by a graft scandal threatening to topple President Michel Temer and his reform agenda. Brazilian markets took a beating on Thursday on reports Temer had been caught on tape condoning bribes to...

  • Cross-asset fund Adam Macro II FIC FIM, which held a total of 2.9 billion reais in assets under management at market close on Wednesday, unwound all of its positions in Brazil, swallowing a 6 percent loss on Thursday. Verde Asset Management SA, Brazil's largest hedge fund, saw its holdings shrink by just 3 percent on Thursday, according to preliminary performance...