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  • NEW YORK, Feb 5- Bank of America Corp's $8.5 billion mortgage securities settlement payout faces a delay, according to a court filing on Friday, with the trustee overseeing the securities asking for court instructions on how to split the proceeds among investors. In the filing in New York state Supreme Court in Manhattan, Bank of New York Mellon, the trustee...

  • WisdomTree meets 4Q profit forecasts Friday, 5 Feb 2016 | 7:27 AM ET

    NEW YORK _ WisdomTree Investments Inc. on Friday reported fourth-quarter net income of $20.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share. Five analysts surveyed by Zacks expected $74.5 million.

  • SAO PAULO/ NEW YORK, Feb 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank president Arminio Fraga, is doubling down on contrarian bets on Mexico's currency and against Brazil's, a sign that disparities between Latin America's two biggest economies will grow faster. Gávea also kept bets against the currencies of Thailand, South...

  • LONDON, Feb 5- The flow of investor funds out of world stocks extended to its longest run in four years last week, but is still short of levels typically associated with previous recessions or bear markets, Bank of America Merrill Lynch said on Friday. That's similar to the $36 billion outflow around the market sell-off in August last year, but still well short of the...

  • *Canadian pension funds worried market overheating. *Funds concerned valuations overlook illiquidity. TORONTO, Feb 5- Canada's biggest pension funds say they are walking away from more and more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too far.

  • Feb 5- Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders. Hedge funds such as Ancora Advisors, Clover Partners and Seidman& Associates are buying up stakes in lenders across the U.S., from community banks to large regional lenders.

  • Feb 4- State Street Corp is nearing a deal to acquire General Electric Co's $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets. State Street, a Boston- based asset manager, has prevailed over other bidders, including Goldman Sachs Group Inc, for the business, and...

  • TORONTO, Feb 4- Amid fears of a bubble in condominium prices in Canada's largest cities, developers say they are shifting from building condos to high-rise rental apartments, as institutional investors look for assets with steady cash flow. The result is, not only more rental units on offer in cities like Vancouver and Toronto, but a slowdown in the supply of new...

  • EXCLUSIVE-HEDGE FUND FIRM STANDARD PACIFIC CAPITAL TO SHUT- LETTER.

  • OM Asset Management meets 4Q profit forecasts Thursday, 4 Feb 2016 | 8:29 AM ET

    LONDON _ OM Asset Management PLC on Thursday reported fourth-quarter net income of $36.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 30 cents per share. The asset manager, a unit of London- based Old Mutual, posted revenue of $163.4 million in the period.

  • *Could help Beijing's case for A share inclusion in MSCI. SHANGHAI, Feb 4- China unveiled new rules on Thursday that would let foreign institutional investors buy more stocks and bonds, and make it easier for them to move money out of the country. The new policies toward the Qualified Foreign Institutional Investor scheme are aimed at "gradually promoting...

  • SHANGHAI, Feb 4- China's foreign exchange regulator on Thursday relaxed foreign currency management rules under the Qualified Foreign Institutional Investor scheme, in an effort to further open the domestic capital market. The upward investment limit for QFIIs would be raised, while the quota approval procedures would be simplified, the State...

  • Feb 3- Two thirds of hedge funds create genuine value through contrarian strategies, choosing well among cheap and beaten-down stocks, according to a new study of their holdings. The study, released in January, is ground-breaking, according to its authors, because it relies on 13 F filings, which are holdings disclosures that money managers above a certain size...

  • NEW YORK, Feb 3- DoubleLine Capital, overseen by widely followed investor Jeffrey Gundlach, said on Wednesday it posted a net inflow of $1.95 billion in January, marking the firm's 24th consecutive month of inflows. The DoubleLine Total Return Bond Fund, the firm's largest fund by total assets, had a net inflow of $1.67 billion in January. The DoubleLine Core Fixed...

  • Activist hedge fund firm Orange Capital to shut -sources Wednesday, 3 Feb 2016 | 10:19 AM ET

    NEW YORK, Feb 3- Orange Capital, the activist hedge fund firm led by New York- based real estate investment manager Daniel Lewis, is shutting down after a year of poor performance, according to people familiar with the situation. A group of stocks in Orange's portfolio, worth about $1.3 billion as of September 30, according to a public filing, declined substantially...

  • District Judge Jed Rakoff in Manhattan certified two classes of plaintiffs, saying their claims are similar enough to be pursued as groups. One class bought various Petrobras securities from January 2010 to July 2015 and will be led by Germany's Union Asset Management Holdings AG. The other bought debt securities from offerings in 2013 and 2014, and will be...

  • BOSTON, Feb 2- Executives at U.S. asset manager Affiliated Managers Group Inc on Tuesday sought to downplay the impact of the recent collapse of one its junk bond funds, but jittery investors continued to unload the company's stock. The withdrawals accelerated after the Third Avenue Focused Credit Fund collapsed in early December. AMG executives don't see any...

  • Feb 2- Financial advisory and asset manager Lazard Ltd's results easily beat lowered Wall Street estimates in a quarter battered by volatile market conditions. Global markets were racked in the past few months by fears of an economic slowdown in China and more recently by a steep slump in crude oil prices. Asset management revenue fell 8 percent to $260.6...

  • Think long term - Larry Fink's message to CEOs Tuesday, 2 Feb 2016 | 9:31 AM ET

    Feb 2- BlackRock Inc's Larry Fink wants chief executives of top U.S. companies to focus on creating long-term value instead of emphasizing quarterly targets. Fink, who heads the world's largest investment management firm, said companies should still report quarterly results and "long-termism" should not be a substitute for transparency.

  • Lazard profit falls 28 pct Tuesday, 2 Feb 2016 | 6:58 AM ET

    Feb 2- Financial advisory and asset manager Lazard Ltd reported a 28 percent decline in fourth-quarter profit as operating revenue fell. The company's adjusted net profit fell to $122.9 million, or 92 cents per share, in the quarter ended Dec. 31 from $172.4 million, or 1.29 cents per share, a year earlier. Lazard's operating revenue fell 7.4 percent to $598.3...