Former Credit Suisse APAC asset management head exiting UBS – sources
By Selena Li and Xie Yu HONG KONG (Reuters) – Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its…
Dubai sees rising appetite from Chinese asset managers -regulator chief
By Xie Yu HONG KONG (Reuters) – Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as…
Raymond James’ Q1 profit rises on capital markets, asset management strength
(Reuters) – Raymond James reported a rise in first-quarter adjusted profit on Wednesday, helped by strong performance of its capital markets and asset management businesses. M&A activity in the U.S. has shown…
Australia’s sovereign wealth fund grows on equity rally; cautious about rate cuts
By Lewis Jackson SYDNEY (Reuters) -Australia’s sovereign wealth fund has cautioned against expecting rate cuts in Australia or the U.S. anytime soon after reporting on Tuesday a rebound in its performance in…
Japan banks scramble to beef up asset management business amid govt reform push
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -The Japanese government’s reform push for the country’s $5 trillion asset management industry has sparked a series of action plans from top Japanese banking…
Australia’s NAB, Jarden Wealth combine NZ wealth & asset management units
(Reuters) – National Australia Bank said it had agreed to combine its New Zealand wealth advice and asset management unit with that of Jarden Wealth and Asset Management, forming a new entity…
Asset manager Bayview explores sale of insurance arm Oceanview
By David French and Pablo Mayo Cerqueiro (Reuters) – Credit investment firm Bayview Asset Management told Reuters it has put its insurance arm Oceanview Holdings up for sale, in what could be…
Canada’s Brookfield raises record $28 billion for infrastructure fund
(Reuters) -Canada’s Brookfield Asset Management said on Friday it had raised $28 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to “deglobalization”, given…
Middle East asset manager Investcorp eyes up to $550 million in first China yuan fund
By Roxanne Liu and Kane Wu BEIJING (Reuters) – Bahrain-based alternative asset manager Investcorp is aiming to raise 2 billion to 4 billion yuan ($274 million-$548 million) for its first private equity…
Asset manager GMO’s first ETF will focus on ‘quality’ companies
By Suzanne McGee (Reuters) – GMO LLC, the asset management firm co-founded by veteran investor Jeremy Grantham, will launch its first exchange-traded fund (ETF) on Wednesday. The firm said it is rolling…
Mexican retailer Femsa plans to complete asset sales next year, cut debt
(Corrects to $47 billion from $47 million, the remittances’ figure in paragraph 9) By Valentine Hilaire MEXICO CITY (Reuters) -Mexico’s Femsa, which controls one of the world’s largest Coca-Cola bottlers and a…
Onepoint chief calls for review of asset sale by Atos -FT
(Reuters) – Digital consultancy firm Onepoint’s chief executive David Layani has called for a review of a planned deal by Atos to sell some of its struggling assets to Czech billionaire Daniel…
Odey Asset Management to close – website statement
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management, one of Britain’s best known hedge funds, will shut, it said on Tuesday in a statement on its website, less than six months after…
Mexico’s Cemex Q3 profit slides on year-ago asset sales, as taxes bite
By Kylie Madry MEXICO CITY (Reuters) -Mexican cement-maker Cemex on Thursday reported a 75% slump in third-quarter profit, on a nearly five-fold rise in taxes and as hefty asset sales last year…
Goldman Sachs Asset Management launches new defined outcome ETFs
By Suzanne McGee (Reuters) – Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside exposure…
Japan’s yen still perceived as safe-haven asset – MOF’s Kanda
By Tetsushi Kajimoto and Satoshi Sugiyama TOKYO (Reuters) – Japan’s top financial diplomat said on Monday the yen was still perceived as a safe haven asset like the Swiss franc and U.S.…
Asset managers boost ETF assets via active fund launches, conversions
By Suzanne McGee (Reuters) – Large, established asset managers that have been slow to cash in on investor demand for exchange-traded funds are now trying to grab a slice of the market…
New York Appeals Court Considers Motion from Trump in Asset Dissolution Case
NEW YORK – On Friday, a New York state appeals court temporarily stopped the dissolution of several of Donald Trump’s most significant assets while considering his appeal in a civil fraud lawsuit.…
Italy plans 21-billion euro asset sell-off to keep debt in check
By Giuseppe Fonte ROME (Reuters) – Italy aims to raise at least 1% of gross domestic product (GDP), or roughly 21 billion euros ($22.2 billion), through asset sales between 2024 and 2026,…
Judge leaves Trump asset sales up in the air after fraud ruling
By Karen Freifeld NEW YORK (Reuters) – The New York judge who found Donald Trump liable for fraud on Wednesday stopped short of addressing whether his scathing decision would force the former…
China state asset manager plans $14 billion emerging industry fund -report
SHANGHAI (Reuters) – China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries,…
Japan’s Kishida seeks to shake up to $5 trillion asset management industry
By Makiko Yamazaki (Reuters) – Japanese Prime Minister Fumio Kishida aims to spur competition in the country’s $5 trillion asset management industry by prompting new market entrants to turn dormant household savings…
Goldman names head of wealth investment solutions for asset management
(Reuters) – Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal memo seen by Reuters on Friday. Vora…
Goldman Sachs Asset Management hires managing directors – memo
(Reuters) – Goldman Sachs Asset Management has appointed Anupam Damani and Lindsay Rosner as managing directors to its fixed income and liquidity solutions business, a memo seen by Reuters showed on Wednesday.…
UK asset manager St. James’s Place appoints FitzPatrick as CEO-designate
(Reuters) – British asset manager St. James’s Place on Wednesday appointed former Prudential executive Mark FitzPatrick to succeed Andrew Croft, who is stepping down in early December. FitzPatrick will join as the…
Australia’s Macquarie loses most in 2 weeks on tepid asset management outlook
(Reuters) – Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face continued economic headwinds through the first half…
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