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  • NEW YORK, July 21- Blackstone Group LP, the world's biggest alternative asset manager, posted stronger-than-expected earnings on Thursday as gains in property holdings and rebounding oil prices offset losses from Britain's shock decision to leave the European Union. The gains came despite a modest drag on investments after Britain stunned the world on June...

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • NEW YORK, July 21- Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported stronger-than-expected quarterly earnings growth on robust real estate investment returns and rebounding energy prices. Blackstone said economic net income, a key metric for U.S. private equity firms that accounts for unrealized gains or losses in...

  • Headquartered in Pittsburgh, Pennsylvania, F.N.B. has about $20 billion in assets and 300 branches in Pennsylvania, Maryland, Ohio and West Virginia. It provides commercial and consumer banking and wealth management solutions led by its largest affiliate, First National Bank of Pennsylvania. Raleigh, North Carolina- based Yadkin serves over 130,000...

  • NEW YORK, July 21- Blackstone Group LP, the world's largest alternative asset manager, reported higher-than-expected economic net income of 44 cents per share for the second quarter, helped by strong real estate investments and a rebound in energy prices. Blackstone said on Thursday its second-quarter ENI was up 2 percent from a year earlier.

  • ZURICH, July 21- Swiss private bank Falcon is cooperating with Singaporean investigators who are looking into banks' ties to scandal-hit Malaysian state fund 1 MDB, it said on Thursday. "With reference to the ongoing investigations by the Monetary Authority of Singapore on 1 MDB-linked institutions and the statement released today, we would like to reiterate...

  • SYDNEY, July 21- Australia's antitrust watchdog on Thursday gave the green light to a A $9.1 billion buyout of rail freight giant Asciano Ltd by a global consortium led by Canada's Brookfield Asset Management Inc.. The Australian Competition and Consumer Commission had been concerned the deal would give Asciano's new owners, which include Australian...

  • SAN JUAN, Puerto Rico— Hedge funds representing a group of Puerto Rico bondholders sued the U.S. territory on Wednesday, saying it violated the terms of a rescue package recently approved by Congress to help pull the island's government out of a dire economic crisis. The hedge funds contend Puerto Rico is barred from taking those and other actions before the...

  • CINCINNATI— The federal appeals court in Cincinnati has reinstated Ohio's lawsuit accusing Freddie Mac of defrauding the state's mammoth pension fund by systematically investing in sub-prime home loans. The Ohio Public Employees Retirement System had invested in Freddie Mac and sued in 2008, alleging that misconduct by the lending giant caused...

  • KUALA LUMPUR/ NEW YORK, July 20- U.S. federal prosecutors have filed civil lawsuits seeking to seize assets worth more than $1 billion, allegedly stolen from Malaysian state fund 1 MDB, which was overseen by Prime Minister Najib Razak. They include allegations that $681 million from a 2013 bond sale by 1 MDB was transferred to the account of "Malaysian Official 1,"...

  • ATTORNEY GENERAL LYNCH SAYS A NUMBER OF CORRUPT OFFICIALS TREATED MALAYSIA STATE FUND AS THEIR PRIVATE BANK ACCOUNT.

  • TORONTO, July 20- Canada's main stock index set an 11- month high on Wednesday as oil prices turned higher and financial and energy shares advanced, offsetting losses for gold stocks as the precious metal fell. Financials rose 0.6 percent, including a 0.7 percent gain for Royal Bank of Canada to C $80.49. Brookfield Asset Management Inc rose 0.6 percent to C $45.90.

  • *Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left the fund manager in 2014..

  • Mark Burgess, Chief Investment Officer EMEA and global head of equities at the firm, said there were a number of headwinds facing the UK economy as it detaches itself from the European Union over the coming years. This would likely reduce economic activity in the UK and impact domestic profits. The asset manager reduced its exposure to "neutral" from "overweight" in...

  • LONDON— Pimco, one of the world's biggest bond investors, has nabbed the head of hedge fund giant Man Group to be its next chief executive. Luke Ellis will replace Roman at Man Group, one of the world's largest publicly-traded alternative asset managers. "Man Group is an excellent business and I am sad to be leaving, but I have decided to accept this new, outstanding...

  • *Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014..

  • *Roman to replace Douglas Hodge on Nov. 1. Roman will take over asset manager PIMCO on Nov. 1, Man Group said on Wednesday, replacing the incumbent Douglas Hodge. Luke Ellis will succeed Roman as chief executive officer of Man Group, the company said in an exchange filing.

  • SAN FRANCISCO, July 19- The California State Teachers' Retirement System reported on Tuesday an investment return of 1.4 percent for its fiscal year ending June 30, underperforming the system's assumed rate of return of 7.5 percent. The country's second largest public pension fund, known as CalSTRS, reported that the past fiscal year was marked by volatile...

  • SAN FRANCISCO, July 19- The California State Teachers' Retirement System reported on Tuesday an investment return of 1.4 percent for its fiscal year ending June 30, underperforming the system's assumed rate of return of 7.5 percent.