Hans Vestberg, chief executive officer of Verizon Communications Inc., gestures as he speaks during a keynote session at the 2019 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 8, 2019.David Paul Morris | Bloomberg | Getty Images (This story is for CNBC PRO subscribers only.)Here are the biggest calls on Wall Street on Thursday: – Advertisement – – Advertisement –
The UK Financial Conduct Authority (FCA) has said it will consider including the asset management industry in its forthcoming wholesale sector competition review, but for now will focus on the investment and corporate banking industries.The financial services regulator concluded its sector review which it began last year looking at aspects of competition within the financial sector.It held two round-table discussions over competition within the asset management industry and analysed whether the bundling of ancillary services was beneficial to investors.It will now consider initiating a market review later this year, alongside its review into the banking sector. The National Association of Pension Funds (NAPF) welcomed the conclusion and said it raised questions about the investment banking sector including the cross-selling and cross-subsidy of services.Will Pomroy, policy lead on corporate governance, said: “In its original submission to the FCA the NAPF raised concerns about aspects of the asset management market.“It is crucial that pension funds, as clients of the asset management industry, are able to have trust in the industry and be able to assess whether they are extracting value for money from their agents in the interests of their members – future pensioners.”In other news, Natixis Global Asset Management (NGAM), the multi-affiliate manager, has entered exclusive talks over the purchase of DNCA, a European investment firm.DNCA has around €14.6bn in assets under management, mainly in European equities and covertible and euro-zone bonds.It will join NGAM’s 20-plus other affiliates if negotiations with DNCA’s owners, TA Associates and Banda Leonardo, are successful.The structure will see DNCA’s management retain an equity stake alongside NGAM but would gradually transition stakes to the majority stakeholder from 2016 onwards.NGAM also announced a 17% increase in assets under management (AUM), taking its total to €735.5bn, after record €28.5bn net inflows.Elsewhere, Man Group has entered a conditional agreement to purchase the investment management business of NewSmith, an equity house.Man, which has $72.3bn (€64bn) in AUM hopes to complete the purchase by the second quarter of 2015, with NewSmith’s investment strategies incorporated into subsidiary Man GLG, a hedge fund.NewSmith has around $1.2bn in AUM and is 60% owned by its founders and 40% by Japanese investment manager, SuMi Trust.
BROOKVILLE – The Franklin County Sheriff’s Department released the monthly activity report for July.Deputies responded to 12% fewer calls for service last month, with the agency receiving 733 calls compared to 834 in July 2013.Among the reports received, deputies investigated a burglary report 42 times, a vehicle accident resulting in property damage or personal injury 54 times, and 63 calls for suspicious activity.Deputies made 47 arrests in July, including 16 alcohol-related offenses, 10 drug-related and 5 for battery.There was an average of 42 prisoners housed in the Security Center throughout the month of July. The maximum capacity of the jail is 75 inmates.
I know why the NFL is playing games in England. The seventeenth version of this series involved the Bengals. The NFL wants to expand to London and possibly other cities in Europe because the crowds are tremendous.As I was sitting watching the Bengals on Sunday, my cynical mind tells me this is just another money grab by pro sports. This was a Bengals home game, but in order to watch it in person you probably had to spend several thousand dollars. Oh, well, it didn’t cost me anything.
RelatedPosts Neymar bags two-match ban Neymar risks seven-game ban, Gonzalez 10 Neymar, four others sent off as Marseille grab rare win at PSG Luis Muriel became the first Colombian to score two goals against Brazil when he netted twice in the first half. However, goals from Casemiro and Neymar gave Brazil a deserved 2-2 draw in an entertaining match in Miami. Brazil took the lead in the 20th minute when Casemiro headed home a corner from Neymar, who was making his return to the national side after missing their victorious Copa America campaign. Muriel equalised from the penalty spot six minutes later after Alec Sandro was penalised for a clumsy challenge. Sandro then gave Colombia the lead 11 minutes before half time when he rifled high into the net from 10 meters out to finish off a superb team move. Brazil improved in the second half and Neymar got them level after 58 minutes when he tapped in from close range after Philippe Coutinho had split the Colombian defence with a long pass. In a game played without the use of VAR, Neymar had a strong penalty claim turned away with a quarter of an hour remaining. This was when Davison Sanchez forced him face first into pitch-side advertising but the referee waved the claim away and neither side could get the winner. “It was a difficult game, but I think that we had more chances and we could have won,” said Brazil captain Dani Alves. “But I think that a game at this level really could have gone either way. It’s left a bitter taste in our mouth.” Brazil will now go to Los Angeles where they face Peru on Tuesday, while Colombia play Venezuela in Tampa the same night. Reuters/NAN.Tags: Alex SandroBrazilCasemiroColombiaLuis MurielNeymar