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  • HARTFORD, Conn.— The Connecticut Bond Commission is expected to approve a $22 million loan and grant package to help one of the world's largest hedge funds upgrade its facilities in the state. Republican legislative leaders have questioned why the successful Bridgewater Associates should receive the funding when state programs that serve vulnerable...

  • *TD says wildfire impact' less than 5 cents/ share'. TORONTO, May 26- Canada's biggest banks warned on Thursday of further losses from oil loans in coming quarters as energy companies struggled to repay loans, even as growth in wealth management and retail banking helped the banks report better-than-expected second-quarter earnings. TD's chief financial...

  • May 26- Wall Street treaded water on Thursday as investors looked for fresh reasons to buy stocks following two straight days of gains. "People are taking their foot off the gas after making a bunch of money, and now they're waiting for the next data point," said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New York. In line with other...

  • TORONTO, May 26- Canada's biggest banks on Thursday warned of further losses in coming quarters as energy companies struggled to repay loans, even as growth in wealth management and retail banking helped the banks report better-than-expected second-quarter results. TD Bank's Chief Financial Officer Riaz Ahmed said that despite a recent recovery in oil...

  • ZURICH, May 26- Credit Suisse has sold bonds worth 220 million Swiss francs to help insure against certain operational risks such as rogue trading and cybercrime, a source familiar with the matter said on Thursday. The bonds were marketed to asset managers, pension funds, reinsurers and hedge funds this month and priced last week, the source said, speaking on...

  • TOKYO— Money-losing Japanese air bag maker Takata Corp. hired financial advisory and asset management firm Lazard on Thursday to help tackle financial problems and massive recalls. Authorities in Malaysia have begun an investigation into two more recent deaths. Hideaki Sudo, a lawyer who heads the committee at Takata dealing with the recall fiasco said...

  • NEW YORK, May 25- A Connecticut commission has scheduled a vote on Friday on a proposed $22 million grant to Bridgewater Associates, one of the world's largest hedge funds, to help it expand its operations in the state. The plan has support from some Connecticut officials but has also drawn fire after the state slashed spending, laid off workers and froze pay.

  • May 25- Vanguard Group, the No. 1 U.S. mutual fund company, appointed Michael Rollings as chief financial officer and head of its finance division. The Valley Forge, Pennsylvania- based company said Rollings, most recently CFO of life insurance company MassMutual Financial Group, will join Vanguard next month. Vanguard, which managed more than $3.5 trillion in...

  • NEW YORK, May 25- Pimco Group Chief Investment Officer Dan Ivascyn said on Wednesday he sees a better than 50/ 50 chance of a Federal Reserve rate increase in June. Ivascyn, who helps oversee $1.5 trillion, said Pimco, a unit of Allianz SE, has placed bets that the Fed will move sooner rather than later. Last week, New York Fed President William Dudley said the U.S. economy...

  • The Valley Forge, Pennsylvania- based company said Rollings, who most recently was the CFO Of Massmutual Financial Group, will join Vanguard next month.

  • *Singapore shuts unit of BSI over money laundering breaches. HONG KONG/ SINGAPORE, May 25- Singapore's drastic move to shut Swiss bank BSI's operations in the city-state over its dealings with scandal-hit Malaysian fund 1 MDB is a wake-up call for wealth managers in Asia, which had been spared the large fines and sanctions seen in the West. The private bank is the...

  • LONDON, May 25- Keeping the status quo may well be what the British government wants after its June 23 referendum on European Union membership, but a sigh of relief in the financial world could bring its own short-term economic policy headaches. With a month to go to the referendum, the economic and financial risks of' Brexit' dominate headlines from the Treasury,...

  • NEW YORK, May 24- Wells Fargo& Co plans to announce an investment and strategic partnership tied to roboadviser-type offerings by the end of the second quarter, its wealth management chief said on Tuesday. Roboadvisers manage client money using algorithms rather than traditional human brokers, and have been popular with investors who want to pay lower fees or...

  • NEW YORK— U.S. stocks made their biggest gain since March on Tuesday as technology companies like Apple and Microsoft soared. Stocks opened higher following hefty gains in Europe. "A little bit of good data has reminded people that things are actually OK," said David Lefkowitz, senior equity strategist at UBS Wealth Management.

  • *$186.5 billion raised to invest in private debt at March 2016. LONDON, May 24- Demand from sovereign wealth funds seeking higher returns than those on mainstream bonds is helping drive a boom in specialist private debt vehicles that can provide loans for everything from aircraft leasing to lawsuit financing. Once a niche sector, the private debt industry's...

  • *$186.5 billion raised to invest in private debt at March 2016. LONDON, May 24- Demand from sovereign wealth funds seeking higher returns than those on mainstream bonds is helping drive a boom in specialist private debt vehicles that can provide loans for everything from aircraft leasing to lawsuit financing. Once a niche sector, the private debt industry's...

  • LONDON, May 24- Hedge funds appear to have spotted an opportunity in the European Central Bank's bond-buying scheme and are snapping up long-dated debt in anticipation of profits from selling it back to the central bank later. Data from Bank of America Merrill Lynch shows hedge funds have almost doubled their take-up of euro zone bonds sold with maturities...

  • *Could fall below $1,200 in next couple of months- analyst. Spot gold had fallen 0.3 percent to $1,244.91 per ounce by 0332 GMT. "Over the next two weeks... if the economy is on the firm side in the U.S. and the Fed is ready to move, maybe July at the earliest, then I would say gold is ready to see a correction," said analyst Dominic Schneider of UBS Wealth Management in Hong Kong.

  • LONDON, May 23- Activist hedge fund TCI, which has called for rapid reforms at Volkswagen, said the German carmaker and its Porsche unit were the biggest drags on the fund's flat first quarter performance, according to an investor letter. Billionaire Chris Hohn's London- based hedge fund wrote to the VW board on May 6 demanding that the carmaker- which is still...

  • May 23- Affiliates of Singapore- based private investment firm Shanda Group reported an 11.7 percent stake, including call options, in LendingClub Corp, sending shares of the lending platform operator up as much as 8.8 percent in early trading on Monday. Shanda Group, headed by billionaire Chinese citizen Chen Tianqiao, has taken the stake in the company at a time...