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  • LONDON, June 15- Activist investors Carl Icahn and John Paulson are making American International Group more transparent through their representation on its board, the U.S. insurer's president and chief executive Peter Hancock said on Wednesday. Hedge fund manager Paulson and Samuel Merksamer, a managing director at Icahn Capital, joined the AIG board last...

  • NEW YORK, June 15- A portfolio manager at hedge fund Visium Asset Management LP was criminally charged on Wednesday with insider trading, in one of the biggest such cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them. Attorney Preet Bharara in Manhattan accused Sanjay Valvani of fraudulently making at least $25 million off tips from...

  • NEW YORK, June 15- The asset management sector "needs consolidation" and has the potential for "quite a bit" of merger and acquisition activity, BlackRock Inc Chief Executive Officer Laurence Fink said at an investor day meeting in New York. Fink said he did not "see a need" for BlackRock to buy any firms in the United States or Europe, but left open the possibility of...

  • NEW YORK, June 15- A portfolio manager at hedge fund Visium Asset Management LP was criminally charged on Wednesday with insider trading, in one of the biggest such cases since a 2014 court ruling made it harder for prosecutors to pursue them. Attorney Preet Bharara in Manhattan, whose office announced the charges, accused Sanjay Valvani of trading on tips from a...

  • June 15- BlackRock Inc is introducing its first U.S.-listed exchange-traded fund providing access to mainland Chinese markets, the world's largest asset manager said on Wednesday. The debut of the New York- based company's iShares MSCI China A ETF comes the day after index provider MSCI Inc said it would not add some Chinese-listed stocks, known as "A shares," to...

  • NEW YORK, June 14- U.S. index provider MSCI Inc on Tuesday declined to add domestic Chinese stocks to one of its key benchmarks, concluding that Beijing had more work to do in liberalizing capital markets and delivering a blow to Chinese policymakers hoping to broaden the appeal of their currency. Inclusion could eventually prompt asset managers, pension funds...

  • NEW YORK, June 14- U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an investment from a New York city union. New York- based Platinum told investors on a conference call on Tuesday that recent negative media attention and...

  • NEW YORK, June 14- Jeffrey Gundlach, the chief executive officer at DoubleLine Capital, said on Tuesday that investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks. Safe-haven German Bund yields fell below zero on Tuesday for the first time and global equity markets slid...

  • NEW YORK, June 14- SkyBridge Capital, a big investor in hedge funds, cut its stakes in portfolios managed by Daniel Loeb and John Paulson and exited funds of other prominent investors in the first quarter, a U.S. regulatory filing showed. The pullback was the largest at Loeb's $16.5 billion hedge fund Third Point, which a year ago had managed about 10 percent of the...

  • NEW YORK, June 14- Platinum Partners, the hedge fund firm linked to a New York City corruption scandal, is returning a majority of its assets to clients, according to a person familiar with the situation. New York- based Platinum told investors on a conference call on Tuesday that recent negative media attention and requests for the return of capital had forced it...

  • LONDON, June 14- Oil fell for a fourth day on Tuesday, swept lower by investor nervousness over next week's vote on Britain's possible European Union exit, which overshadowed signs of a return to health for crude prices. Safe-haven German Bund yields fell below zero for the first time while industrial commodities and equity markets, seen as more vulnerable to...

  • LONDON, June 14- Oil fell on Tuesday, as investor nervousness over next week's vote on Britain's possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices. Perceived safe-haven assets such as the Swiss franc and German Bunds rallied, while industrial commodities and equity markets, seen as more vulnerable to...

  • LONDON, June 14- Oil fell on Tuesday, as investor nervousness over next week's vote on Britain's possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices. Perceived safe-haven assets such as the Swiss franc and German Bunds rallied, while industrial commodities and equity markets, seen as more vulnerable to...

  • TOKYO, June 14- Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit. A stronger dollar overnight spilled into the oil market, while markets eyed recent polls showing Britain's "...

  • TOKYO, June 14- Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit. A stronger dollar overnight spilled into the oil market, while markets eyed recent polls showing Britain's "...

  • TOKYO, June 14- Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit. A stronger dollar overnight spilled into the oil market, while markets eyed recent polls showing Britain's "...

  • SAN FRANCISCO, June 13- The California Public Employees' Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. Infrastructure- such as roads, bridges, rail, airports, water storage, utilities, and pipelines- has long been favored by...

  • TORONTO, June 13- Canada's main stock index fell for the fourth straight day on Monday, hitting a nearly three-week low as global jitters about whether Britain will vote to leave the European Union weighed, but losses were restrained by gains in resource stocks. Bank of Montreal declined 0.7 percent to C $82.52, while Brookfield Asset Management slipped 3.9...

  • June 13- New York state's employees' retirement fund earned a return on investment of just 0.19 percent in fiscal 2016, it said on Monday, its worst showing since the U.S. recession ended in 2009 and a worrying indicator for other funds. The fund's value also dropped for the first time in seven years to $178.1 billion as it paid out $10.9 billion in benefits during...

  • NEW YORK, June 13- Stock markets around the world eased while the yen firmed on Monday amid concerns Britain may be on the verge of leaving the European Union following a June 23 referendum on its membership, an outcome that could adversely impact the global economy. Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York, said Brexit...