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Capital Markets Asset Management and Custody Banks

  • Aug 10- Valeant Pharmaceuticals International Inc investor John Paulson trimmed his stake in the Canadian drugmaker but said he remains fully supportive of the company's leadership. New York- based hedge fund Paulson& Co cut its stake to 6 percent from 6.3 percent, reported in June, due to rebalancing of its portfolios based on asset flows.

  • NEW YORK, Aug 9- The U.S. Department of Labor will give wealth management companies more time to get in line with the new "fiduciary rule," a regulation that requires financial advisers to put retirees' interests ahead of their own, the regulator said on Wednesday. The Labor Department filed the extension with the Office of Management and Budget as part of a broad...

  • LONDON/ BOSTON Aug 9- Hedge fund firm Pine River Capital Management's flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data compiled by HSBC. Assets in the multi-strategy fund dropped from $2.99 billion in July 2016 to $960 million in July 2017, the data showed. Minnetonka, Minnesota-headquartered Pine River, which also...

  • People wave banners and shout slogans as they attend a rally in support of North Korea's stance against the US, on Kim Il-Sung square in Pyongyang on August 9, 2017.

    Global and national markets remain unperturbed by North Korea's threats toward the U.S.

  • LONDON, Aug 9- Hedge fund manager Crispin Odey is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky, saying the 11.7 billion-pound offer undervalues the British pay TV broadcaster. His change of stance comes after Rupert Murdoch's attempt to take full control of Sky faced a further delay after the British...

  • LONDON, Aug 9- Hedge fund manager Crispin Odey has said he is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky, saying he believes the 11.7 billion pound deal undervalues the British broadcaster. Odey, who is the 15th biggest Sky shareholder with a 1 percent stake according to Thomson Reuters data, had said he backed the...

  • NEW YORK, Aug 8- Global Bankers Insurance Group is the previously undisclosed buyer of assets from the Beechwood family of reinsurance and asset management companies, a person familiar with the matter told Reuters. The recent purchase by Global Bankers a $3.5- billion, Durham, North Carolina- based subsidiary of conglomerate Eli Global LLC was bound by a...

  • Digitalization a major enabler for client service in asset management

    Standard Life CEO Keith Skeoch speaks about AI in asset management and about planning for a hard Brexit.

  • Increased diversification of our flows: Standard Life CEO

    Standard Life CEO Keith Skeoch discusses earnings and the rationale behind his company's merger with Aberdeen Asset Management.

  • LONDON, Aug 7- Hedge funds and other money managers are becoming bullish again about oil prices, for the third time this year, as investors conclude the market is showing clear signs of rebalancing. Hedge funds raised their combined net long position across the five major futures and options contracts linked to petroleum prices by 135 million barrels in the week...

  • WILMINGTON, Del., Aug 7- Puerto Rico's bankruptcy, aimed at restructuring $72 billion of debt, violates the U.S. Puerto Rico is barred from traditional municipal bankruptcy protection under Chapter 9 of the U.S. code. Aurelius owns around $3 billion of debt guaranteed by Puerto Rico's constitution.

  • LONDON, Aug 7- Hedge funds and other money managers are becoming bullish again about oil prices, for the third time this year, as investors conclude the market is showing clear signs of rebalancing. Hedge funds raised their combined net long position across the five major futures and options contracts linked to petroleum prices by 135 million barrels in the week...

  • ZURICH, Aug 7- Deutsche Bank dropped out of the world's top 15 private banks in 2016, a year marked by negative headlines for Germany's biggest lender, rankings by wealth management researcher Scorpio Partnership showed on Monday. Deutsche Bank sold a wealth management business in the United States last year and withdrew from a number of countries.

  • TOKYO, Aug 7- U.S. hedge fund King Street Capital Management owned a stake of 5.81 percent in Toshiba Corp as of July 31, according to a Japanese securities filing by the fund. King Street Capital bought the stake for investment purposes, the filing said. Shares in Toshiba jumped 6 percent on Monday following media reports that the firm may gain a partial endorsement...

  • ZURICH, Aug 7- Deutsche Bank dropped out of the world's top 15 private banks in 2016, a year marked by negative headlines for Germany's biggest lender, rankings by wealth management researcher Scorpio Partnership showed on Monday. Deutsche Bank faced a rocky 2016 in which the U.S. Department of Justice wanted the bank to pay $14 billion for mis-selling toxic...

  • Aug 4- Automatic Data Processing Inc said on Friday it had rejected a call from William Ackman's activist hedge fund Pershing Square Capital Management LP for more time in his bid to gain control of the U.S. human resources outsourcing company. Ackman requested that ADP extend its Aug. 10 deadline for nominating directors by 30 to 45 days, which the company...

  • NEW YORK, Aug 3- Even as U.S. stocks remain near highs and daily gyrations for stock prices are the most subdued in more than half a century, some options-based measures point to investors positioning for increased volatility. "There's been a lot more interest in hedging with VIX options for a volatility spike in the past couple of weeks," said Nitin Saksena, head of...

  • Fight for customers in asset management industry accelerating

    Allianz CFO Dieter Wemmer speaks about his company's Pimco arm and how the business as a whole is responding to regulation.

  • World record in inflows in Pimco

    Allianz CFO Dieter Wemmer speaks about second-quarter earnings including data for his company's asset management arm Pimco.

  • NEW YORK, Aug 3- Even as U.S. stocks remain near highs and daily gyrations for stock prices are the most subdued in more than half a century, some options-based measures point to investors positioning for increased volatility. "There's been a lot more interest in hedging with VIX options for a volatility spike in the past couple of weeks," said Nitin Saksena, head of...