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Capital Markets Asset Management and Custody Banks

  • COPENHAGEN, Sept 14- A Canadian and a Danish pension fund, Ontario Teachers' Pension Plan and ATP, have agreed to buy a 57.7 percent stake in Copenhagen Airports from Australia's Macquarie for about 9.8 billion Danish crowns. Macquarie has invested more than 10 billion crowns during its 12 years of ownership in the company which owns Kastrup airport, the main...

  • ZURICH, Sept 14- Swiss Life could face a fine in the United States after it was contacted by the U.S. Department of Justice about whether it helped U.S. clients avoid tax, Switzerland's biggest life insurer said on Thursday. Its portfolio with U.S. clients of Swiss Life Liechtenstein and Swiss Life Singapore was around 250 million Swiss francs, down from 1 billion...

  • Louise Yamada

    Top Wall Street technician Louise Yamada said her models suggest that stocks are overdue for a correction, tech is overextended.

  • *Hong Kong insurance sector has seen flurry of M&A. SINGAPORE/ HONG KONG, Sept 13- About two dozen bidders, mainly from China, are vying to buy the Hong Kong wealth management unit of AXA SA, which the French insurer is looking to sell as it focuses on fast-growing businesses in Asia, three people familiar with the matter said. The unit's purchase would allow its buyer to...

  • *Hong Kong insurance sector has seen flurry of M&A. SINGAPORE/ HONG KONG, Sept 13- About two dozen bidders, mainly from China, are vying to buy the Hong Kong wealth management unit of AXA SA, which the French insurer is looking to sell as it focuses on fast-growing businesses in Asia, three people familiar with the matter said. The unit's purchase would allow its buyer to...

  • *Spot gold looks neutral in $1,321- $1,335/ oz range- technicals SPDR gold holdings rose 0.35 pct on Tuesday. President Donald Trump urged tougher measures against North Korea. People want to take risk, "said Dominic Schnider at UBS Wealth Management in Hong Kong.

  • *Spot gold looks neutral in $1,321- $1,335/ oz range- technicals. President Donald Trump urged tougher measures against North Korea. People want to take risk, "said Dominic Schnider at UBS Wealth Management in Hong Kong.

  • NEW YORK, Sept 12- Jamie Dimon, CEO of JPMorgan Chase& Co, said on Tuesday that his eventual successor is an executive working at the bank. Dimon, speaking at the CNBC Institutional Investor Delivering Alpha Conference in New York, said "there are several people" in the bank who board members know could do his job now if necessary. Dimon, 61, made the comment after being...

  • NEW YORK, Sept 12- Billionaire hedge fund manager Ray Dalio on Tuesday threw his weight behind President Donald Trump's top economic adviser, saying it would be "terrible" if Gary Cohn were to leave the Trump administration. "It would be bad for the market," Dalio said at the CNBC Institutional Investor Delivering Alpha Conference of Cohn, who is chairman of the...

  • NEW YORK, Sept 12- Kynikos Associates LP founder James Chanos on Tuesday said he is betting against Continental Resources Inc and other oil and gas exploration and production companies. Speaking at the CNBC Institutional Investor Delivering Alpha Conference in New York, Chanos said Continental Resources' compensation incentives are structured to reward...

  • NEW YORK, Sept 12- Billionaire investor Stephen Schwarzman said he understood the decision to disband the business advisory groups but said he was not personally "outraged" by President Trump's reaction to a rally organized by white nationalists. Earlier at the CNBC Institutional Investor Delivering Alpha Conference, U.S. As head of the Strategic and Policy...

  • NEW YORK, Sept 12- Billionaire hedge fund manager Ray Dalio on Tuesday threw his weight behind President Donald Trump's top economic adviser, saying it would be "terrible" if Gary Cohn were to leave the Trump administration. "It would be bad for the market," Dalio said at the CNBC Institutional Investor Delivering Alpha Conference of Cohn, who is chairman of the...

  • LONDON, Sept 11- Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalise. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude, gasoline and heating oil by...

  • LONDON, Sept 12- Companies that manage portfolios for individual families are looking to increase investments in emerging markets after higher equities helped them achieve average returns of 7 percent in 2016, according to a report by Campden Research and UBS. The companies, known as family offices, had an overall return of 0.3 percent in 2015, according to...

  • Jason Trennert, chief investment strategist at Strategas Research Partners.

    Top Wall Street strategist Jason Trennert said the equity market may be the "vigilante" needed to discipline policymakers in Washington.

  • TOKYO/ HONG KONG, Sept 11- U.S. hedge fund Elliott Management Corp said on Monday it has a stake of just over 5 percent in Hitachi Kokusai Electric, putting pressure on a stalled takeover bid by U.S. buyout firm KKR& Co LP. Elliott's stake pits two Wall Street heavyweights against each other and underscores the increasing convergence of private equity investing and...

  • LONDON, Sept 11- Only twice before since the launch of the euro has the tide of fast money lifting the single currency and submerging the dollar been this strong. Figures from the U.S. Commodity Futures Trading Commission show that hedge funds and other speculators now hold the biggest net long euro position since May 2011. Just over a decade ago euro long...

  • TORONTO, Sept 11- Canada's main stock index rose on Monday on the weakening of Hurricane Irma overnight and North Korea refraining from a missile test to mark its 69th anniversary, with financial stocks and Tahoe Resources leading the rally. The group was up 0.6 percent, with Brookfield Asset Management rising 1.7 percent to C $48.18, Fairfax Financial Holdings...

  • LONDON, Sept 11- Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalise. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude, gasoline and heating oil by...

  • People familiar with the matter had told Reuters last year that SocGen was selling the stake- a mutual fund joint venture with China's Baosteel Group- to Warburg Pincus. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint venture Fortune SG Fund Management. But cut-throat competition from...