×

Diversified Financials Capital Markets

  • NEW YORK, July 13- BlackRock Inc voted for eight proposals pushing U.S. and Canadian companies to adopt policies boosting their boards' diversity during the most recent quarter, the world's largest asset manager said on Thursday. Women hold about a fifth of board seats in the S&P 500 index, according to Catalyst Inc, an advocacy group. The New York- based company...

  • July 13- Internet television company Roku has hired investment banks to lead an initial public offering that could come later this year as it aims for a valuation of more than $1 billion, sources familiar with the matter said. The Wall Street Journal first reported that Roku had hired underwriters on Thursday. The company said in February that it generated $400...

  • BOSTON, July 13- Vanguard Group, the world's largest mutual fund manager, said on Thursday Chief Executive Bill McNabb will step down at the end of the year and be replaced by Chief Investment Officer Tim Buckley, betting on the internal successor to oversee rapid growth. McNabb, 60, who took the CEO job in 2008, will remain chairman of the Pennsylvania company...

  • Total assets held by emerging markets-focused private equity funds increased from $254 billion at the end of 2010 to $564 billion as of September 2016, according to alternative assets research firm Preqin. Preqin's data showed investors still viewed North America, Europe and Asia more favorably than emerging markets as "presenting the best opportunities."

  • TORONTO/ NEW YORK, July 13- Bank of Montreal's capital markets division on Thursday said it had made changes to its investment banking team, promoting John Armstrong and Lyle Wilpon as co-heads of its global merger and acquisitions group. Dan Barclay and Peter Myers were recently appointed co-heads of global investment and corporate banking at BMO Capital...

  • July 13- Greenlight Capital Inc, a hedge fund run by David Einhorn, was forced to pay back more than $400 million in clients withdrawals at midyear, the Wall Street Journal reported on Thursday, citing sources. More than 15 percent of eligible investors chose to redeem their money, people close to the hedge fund told the newspaper. Greenlight, a U.S.-stock...

  • ZURICH, July 13- UBS's Chinese asset management subsidiary has been granted a licence to manage money for institutions and wealthy investors onshore in China, part of the Swiss bank's efforts to stock up on local licences. "Securing the licence expands the breadth and depth of our domestic offering, complements our offshore capabilities and, importantly,...

  • ZURICH, July 13- UBS's Chinese asset management subsidiary has been granted a license to manage money for institutions and wealthy investors onshore in China, part of the Swiss bank's efforts to stock up on local licenses. "Securing the license expands the breadth and depth of our domestic offering, complements our offshore capabilities and, importantly,...

  • NEW YORK, July 13- The world's largest asset manager BlackRock Inc on Thursday launched four bond exchange-traded funds and cut fees on another in an effort to lure more investors to its products from traditional debt markets. The moves come as BlackRock estimates bond ETFs attracted $84 billion so far in 2017, a record for the first-half of the year, and the...

  • NEW YORK, July 13- Stash, a New York- based startup that lets individuals save small sums of money and make micro-investments through a mobile app, has secured a $40 million investment in a round led by fund manager Coatue Management. Existing investors including funds Breyer Capital, Goodwater Capital and Valar Ventures, the venture capital firm of PayPal...

  • July 12- Credit Suisse Group AG has appointed Robert Willoughby to the role of senior advisor for its healthcare investment banking group, according to a memo reviewed by Reuters and confirmed by a spokesman for Credit Suisse. Willoughby was previously a managing director and senior research analyst in the Credit Suisse equity research department.

  • CENOVUS ENERGY INC HIRES INVESTMENT BANKS TO SELL WEYBURN, PALLISER CONVENTIONAL OIL PROJECTS- SOURCES.

  • NEW YORK, July 11- U.S.-based stock investors may have pumped fresh funds into emerging markets after their recent outperformance, but they remain under-allocated by a key measure, as a combination of "home bias" and lingering concern about volatility have restrained client interest. While they increased allocation to emerging markets by nearly $52 billion...

  • *Canadian dollar at C $1.2737, or 78.51 U.S. cents. "We're moving off generationally low rates," said Paul Taylor, CIO of fundamental equities at BMO Asset Management Inc.. "It is a story about the dollar and can our exports compete," said John Stephenson, president& chief executive at Stephenson& Company Capital Management. "

  • SAO PAULO, July 12- Canada's Brookfield Asset Management has signed an exclusivity agreement to acquire power transmission lines owned by Brazil's J&F Investimentos SA, which is selling off assets to pay a record corruption-related fine, two people with knowledge of the matter said on Wednesday. J&F is accelerating the pace of talks to sell assets as...

  • ZURICH, July 12- Wealthy clients of Swiss private bank Falcon will be able to store and trade bitcoins via their cash holdings with the bank from Wednesday, a move that signals the traction the virtual currency is gaining even in slow-changing asset management. The group's new blockchain asset management service is being offered in partnership with...

  • *Marshall Wace chalks up profit on paper of 19 mln stg. LONDON, July 12- Marshall Wace was the biggest winner in one of the most popular recent trades among hedge funds, with its bet on Carillion landing it a profit on paper of 19.1 million pounds in just three days. Of 17 outstanding shorts against Carillion as of Wednesday at 0900 GMT, Marshall Wace held the largest...

  • July 12- Royal Dutch Shell is to sell its 45 percent stake in the Corrib gas venture to a subsidiary of Canada Pension Plan Investment Board for up to $1.23 billion, marking the oil company's exit from the upstream business in Ireland. CPPIB, Canada's biggest public pension fund, and Canada's Vermilion Energy Inc will become the new operator of the Corrib Gas...

  • *Effort to mobilise Japan's $16 trln personal financial assets. TOKYO, July 12- Japan's financial regulator is trying a new tack in its fight with asset managers by bringing in bloggers to shame an industry it says provides retail investors with poor service. Persuading Japanese to move their savings out of bank accounts and government bonds and into riskier...

  • SAO PAULO, July 11- Bank of America Merrill Lynch has hired Diogo Aragão as its Brazil head of mergers and acquisitions.