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Capital Markets Asset Management and Custody Banks

  • 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...

  • CARACAS/ NEW YORK, June 5- In early May, Goldman Sachs turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities partly because it would mean dealing directly with a Venezuelan state bank, according to people familiar with the talks. Last week, though, Goldman Sachs confirmed its asset management arm had bought $2.8...

  • *Reiterates to remain long-term investor in Britain. OSLO, June 2- Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday. The world's largest wealth fund, which is managed by Norges Bank Investment Management and...

  • CARACAS/ NEW YORK, June 5- In early May, Goldman Sachs turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities partly because it would mean dealing directly with a Venezuelan state bank, according to people familiar with the talks. Last week, though, Goldman Sachs confirmed its asset management arm had bought $2.8...

  • *UK suffers big year-on-year drop in attractiveness. LONDON, June 5- Sovereign investors are raising their property exposure at the expense of low-yielding bonds in an attempt to boost returns, but Brexit is seen as a significant negative for all UK investments, a study by asset manager Invesco showed. Safe-haven markets such as North America and Western Europe...

  • 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...

  • *Reiterates to remain long-term investor in Britain. OSLO, June 2- Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday. The world's largest wealth fund, which is managed by Norges Bank Investment Management and...

  • JOHANNESBURG, June 2- South African telecoms operator Vodacom Group said on Friday its second biggest shareholder, the Public Investment Corporation, will vote in favor of its 34.6 billion rand takeover of Kenya's Safaricom. The PIC, which includes the Government Employees Pension Fund, holds a 15.63 percent interest in Vodacom Group. UK- based group Vodafone...

  • JOHANNESBURG, June 2- South African telecoms operator Vodacom Group said on Friday it's second biggest shareholder, the Public Investment Corporation, will vote in favor of its 34.6 billion rand takeover of Kenya's Safaricom. The PIC, which includes the Government Employees Pension Fund, holds a 15.63 percent interest in Vodacom Group. UK- based group Vodafone...

  • NEW YORK, June 1- UBS Group AG is changing the way it pays U.S. financial advisers on retirement accounts before a U.S. Labor Department rule goes into effect next week, and halting the sale of a small number of noncompliant products, a senior UBS wealth executive said in an interview. Advisers in the Swiss bank's Americas wealth management business now will be paid...

  • TORONTO, June 1- Canada's main stock index rose on Thursday to a more than one-week high in a broad rally led by energy and financials, while BlackBerry Ltd jumped after an influential investment firm said the technology company's stock could double. The Toronto Stock Exchange's S&P/TSX composite index closed up 120.00 points, or 0.78 percent, at 15,469.91, its...

  • NEW YORK, June 1- UBS Group AG is changing the way it pays U.S. financial advisers on retirement accounts and halting the sale of a small number of products before a U.S. Labor Department rule goes into effect next week, a senior UBS wealth executive said in an interview. Advisers in the Swiss bank's Americas wealth management business now will be paid based solely on...

  • NEW YORK, June 1- Guggenheim Investments, overseen by high-profile bond investor Scott Minerd, posted net inflows totaling more than $1.1 billion into its fixed-income mutual funds and ETFs in May, the firm said on Thursday. Guggenheim's flagship Total Return Bond Fund, an intermediate-term fund that has outperformed 98 percent of its rivals over one, three, and...

  • *Reliance on foreign money makes South Africa vulnerable. JOHANNESBURG, June 1- South African pension funds have cut their holdings in local government bonds to the lowest level in nearly 4-1/ 2 years because of political turbulence in the country, but yield-hungry foreign investors are proving less hesitant. Conversely, foreign investors have been buying,...

  • The British bank, which under Chief Executive Jes Staley is firmly focused on Britain and the United States, said it was selling 2.2 billion pounds worth of shares in Barclays Africa Group due to strong investor demand. Barclays, whose shares were trading up 0.5 percent at 0740 GMT, said on Wednesday that South African pension fund Public Investment Corporation...

  • NEW YORK, May 31- Investors poured an estimated $316.6 million into infrastructure-focused U.S. mutual funds and exchange-traded funds in May, according to preliminary data by fund-tracker Morningstar Inc. on Wednesday, extending a monthly inflow streak since the presidential victory of Donald Trump. The latest figures suggested investors were warming...

  • The Birmingham, Alabama- based company has a large concentration of its assets in the Permian Basin. Oil industry deals this year have centered on securing acreage in the Permian Basin due to its low production costs, key at a time when oil prices have recovered to around $50 per barrel, up from around $35 per barrel in early 2016.. Corvex, a $5.5 billion hedge fund run...

  • *Investors add to UK debt, sell UK stocks. LONDON, May 31- European asset managers cut holdings of U.S. stocks in May to the lowest in 10 months, citing pricey valuations and Washington's political wobbles, instead boosting holdings of European and emerging market equities. Conducted between May 15-30, the poll showed that within equity portfolios, exposure to U.S....

  • CNBC's Gemma Acton speaks about the now complete Janus Henderson merger with a soundbite from company co-CEO Andrew Formica.