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Capital Markets Asset Management and Custody Banks

  • Nearly $12 billion drained from the stock funds in the seven days through April 5, including $7 billion SPDR S&P 500 ETF, a fund actively traded by investors ranging from institutional investors making speculative bets to retail buyers. Keon said the United States' response to conflict in Syria and North Korea has intensified jitters over policy even though...

  • Asset management: Man vs. machine

    Richard Repetto, principal at Sandler O'Neill & Partners, discusses the future of automation for asset management.

  • *Looking to raise real estate exposure in Japan and Australia. SINGAPORE, April 6- BlackRock said the worst was over for Singapore's office property market with supply tapering off, and that elsewhere in Asia Pacific, the world's largest asset manager was looking to raise its real estate exposure in Japan and Australia. We are already past that inflection point...

  • NEW YORK, April 5- BlackRock Inc, the world's largest asset manager, on Wednesday said Cisco Systems Inc Chief Executive Chuck Robbins has been nominated to serve on its board of directors. Former PNC Financial Services Group Inc Chief Executive Thomas O'Brien, who had been the lead independent director, will not stand for reelection. Nor will former Merrill...

  • NEW YORK, April 5- BlackRock Inc, the world's largest asset manager, on Wednesday said Cisco Systems Inc Chief Executive Charles Robbins has been nominated to serve on its board of directors. Former Merrill Lynch& Co Chief Executive David Komansky and former PNC Financial Services Group Inc Chief Executive Thomas O'Brien, who had been the lead independent...

  • NEW YORK, April 5- BlackRock Inc, the world's largest asset manager, on Wednesday said it would nominate Cisco Systems Inc chief executive Charles Robbins to serve on its board of directors. "Throughout his career, Chuck has helped global corporations navigate a world being reshaped by technological advancement," said BlackRock chairman and CEO Larry Fink.

  • April 5- In the financial market race for information, hedge funds, it seems, are the winners. This of course raises the salient issue of who the losers are, but you probably already know the answer to that. My results show that certain investors acquire information before sell-side analysts, and that sell-side analysts assist early informed investors by making...

  • Cooperman and his firm Omega Advisors Inc are seeking to reverse a March 20 ruling that let the SEC pursue civil claims that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading in Atlas Pipeline Partners LP based on confidential tips from an Atlas executive about a planned asset sale. The SEC did not immediately respond on Wednesday to...

  • *Dubai up for sixth consecutive session. DUBAI, April 5- Stock markets in the Middle East firmed on Wednesday with Abu Dhabi outperforming its peers for a second day as institutional investors targeted blue chips, while crude oil near a one month high boosted Saudi Arabia. Farid Samji, head of asset management at Dubai- based Daman Investment, attributed the...

  • NEW YORK, April 4- BlackRock Inc, the world's biggest asset manager, slashed the amount it paid out in commissions to Wall Street firms for research by more than half for its largest mutual fund over the last two years, according to filings. The cuts show the immense power large asset managers have to curb fees they pay banks and the diminishing role of sell-side...

  • SAO PAULO, April 4- Fundação Cesp is betting on equities and hedge fund investments to offset the impact of a faster-than-expected decline in Brazilian interest rates that may lead dozens of fellow pension funds to miss their return targets this year, Chief Executive Officer Martin Glogowsky said in an interview. His comments underscore how Brazil's...

  • LONDON/ NEW YORK, April 4- British hedge fund manager Alan Howard has raised more than $700 million from outside investors for a new fund that he will solely manage, two sources with knowledge of the matter told Reuters. The AH Fund seeks a minimum $50 million investment from each investor, documents filed with U.S. regulator the Securities and Exchange Commission...

  • TOKYO, April 4- Japan's Nikkei share average fell on Tuesday as the safe-haven yen rose and as automakers tumbled on weaker-than-expected U.S. sales. Treasury notes overnight fell to the lowest level since Feb. 27. "Stock investors are becoming nervous about U.S. yields," said Isao Kubo, equity strategist at Nissay Asset Management, adding that markets are focused...

  • LONDON, April 3- Hedge funds have continued liquidating their large bullish position in crude amid doubts about the pace and timing of any rebalancing in the oil market. Hedge funds net position in Brent and WTI has been cut to 642 million barrels, down from a record 951 million barrels on Feb. 21. The result is that the ratio of long to short positions in Brent and WTI...

  • DETROIT, April 3- General Motors Co on Monday outlined in a regulatory filing contacts with billionaire hedge fund manager David Einhorn who went public last week with a plan to boost GM's value and announced its slate of board nominees, all of whom currently serve on the board. Einhorn, who runs hedge fund Greenlight Capital, has proposed that GM create two...

  • LONDON, April 3- Hedge funds have continued liquidating their large bullish position in crude amid doubts about the pace and timing of any rebalancing in the oil market. Hedge funds net position in Brent and WTI has been cut to 642 million barrels, down from a record 951 million barrels on Feb. 21. The result is that the ratio of long to short positions in Brent and WTI...

  • NEW YORK, March 31- Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed in December 2015. The preliminary all-cash settlement was filed on Friday with the U.S. District Court in Manhattan,...

  • ZURICH, March 31- Credit Suisse is conducting an internal investigation over whether staff breached compliance rules after three of its offices were searched in tax evasion probes, the head of its International Wealth Management division said on Friday. "The investigation will be executed by compliance, it will not be executed by the business," Iqbal Khan, who is...

  • NEW YORK/ BOSTON, March 31- BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12- year decline in assets. The moves affect about 11 percent of its $275 billion active stock fund business but are a drop in the ocean for the company, the...

  • TORONTO, March 31- Victor Li, co-chairman of Husky Energy Inc and son of one of Asia's richest men, has agreed to acquire Reliance Home Comfort, a Canadian provider of heating and cooling systems, from U.S. investment firm Alinda Capital Partners for C $2.8 billion, Reliance said on Friday. Li's acquisition comes through his CKP Canada vehicle, a unit of Hong Kong...