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Capital Markets Asset Management and Custody Banks

  • LONDON, June 12- Public sector investors plan to raise exposure to real estate, infrastructure, green bonds and renewables over the coming year, while cutting holdings of low-yielding government bonds, an annual survey showed on Monday. The Official Monetary and Financial Institutions Forum polled chief investment officers and reserve managers at 31 public...

  • LONDON, June 12- Public sector investors plan to raise exposure to real estate, infrastructure, green bonds and renewables over the coming year, while cutting holdings of low-yielding government bonds, an annual survey showed on Monday. The Official Monetary and Financial Institutions Forum polled chief investment officers and reserve managers at 31 public...

  • June 9- The world's largest asset manager BlackRock Inc on Friday urged Exxon Mobil Corp to "enhance its disclosures" regarding risks related to climate change. Less than two weeks ago, shareholders approved a measure calling for increased transparency on climate change, a resolution supported by BlackRock and other large institutional funds.

  • Portion of Obama-era fiduciary rule takes effect

    CNBC's Kayla Tausche takes a look at the fiduciary rule for retirement investment advisors as it goes into effect today.

  • AMSTERDAM, June 9- Hedge fund Elliott Advisors has become Dutch paint maker Akzo Nobel's largest shareholder by increasing its stake to at least 5 percent, according to a filing published by Dutch regulators on Friday. Elliott led a group of shareholders dissatisfied with Akzo's reluctance to enter talks with PPG over a 26.3 billion euro buyout proposal, which...

  • June 8- Canadian commercial financing company ECN Capital Corp said on Thursday it would buy U.S.-based Service Finance Holdings LLC for C $410 million in cash. ECN Capital offers financial services to rail and commercial aviation markets, while privately held Service Finance Holdings lends for home improvement projects in the United States.

  • WASHINGTON, June 7- The U.S. Securities and Exchange Commission is poised to hire Dalia Blass to lead the division that regulates asset managers, according to a person familiar with the matter. Blass, an attorney at Ropes& Gray LLP, is an SEC alumnus who previously worked in the Investment Management division that she is being tapped to lead. It is currently being led...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • LONDON, June 6- Whatever the outcome of Britain's election on Thursday, some hedge funds are still betting sterling will fall anew-- anticipating Britain's exit from the European Union will lead to an economic slowdown whichever way the vote goes. "We think the pound will fall because we think investors have been taking the elections and the cost of Brexit too much...

  • LONDON, June 7- France is in talks with 30-50 asset managers who are considering setting up new outposts in Paris so that they can retain access to the European Union once Britain leaves, the ambassador for the French asset management lobbying group told Reuters. Britain's vote last June to leave the EU has sparked fierce competition among financial centers...

  • FRANKFURT, June 7- Bayer has cut its stake in plastics and chemicals subsidiary Covestro to 44.8 percent after selling an 8.5 percent stake to institutional investors as part of a plan to sever ownership ties completely in the medium term. Bayer, which is buying U.S. seeds giant Monsanto, has also issued 1 billion euros in bonds that it can pay back with up to 6.1...

  • FRANKFURT, June 7- Bayer has further cut its stake in plastics and chemicals subsidiary Covestro to 44.8 percent after selling an 8.5 percent stake to institutional investors as part of a plan to sever ownership ties completely in the medium term. Bayer, which is buying U.S. seeds giant Monsanto, has also issued 1 billion euros in bonds that it can pay back with up to...

  • NEW YORK, June 6- Jackson National, the largest U.S. provider of variable annuities, said in a filing on Tuesday it plans to remove Pimco's Total Return Bond investment strategy from Jackson National's product line-up and assign management of the $3.5 billion in that fund offering to Jeffrey Gundlach's DoubleLine Capital. The move would end Jackson National's...

  • LONDON, June 6- Whatever the outcome of Britain's election on Thursday, some hedge funds are still betting sterling will fall anew-- anticipating Britain's exit from the European Union will lead to an economic slowdown whichever way the vote goes. "We think the pound will fall because we think investors have been taking the elections and the cost of Brexit too much...

  • LONDON, June 5- Hedge fund managers continued to square up positions after the OPEC meeting on May 25 left oil production allocations unchanged for another nine months. Money managers increased their combined net long position in the three main Brent and WTI futures and options contracts by 20 million barrels in the week to May 30. Fund managers also increased...

  • *SBI selling new shares in 275.76 to 287.25 rupees range. MUMBAI/ SINGAPORE, June 5- Top Indian lender State Bank of India's share sale to institutional investors to raise as much as $2.33 billion was fully covered within hours of the launch on Monday, three sources with direct knowledge said. In a bid to shore up its capital base, the bank is selling new shares in a...

  • LONDON, June 5- Hedge fund managers continued to square up positions after the OPEC meeting on May 25 left oil production allocations unchanged for another nine months. Money managers increased their combined net long position in the three main Brent and WTI futures and options contracts by 20 million barrels in the week to May 30. Fund managers also increased...