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  • March 21- Wall Street was little changed on Monday as losses in energy and materials stocks were offset by gains in healthcare and telecom shares. "Our market is really resting on the back of the dovish statement from the Fed and waiting to see where we are headed with the economic data," said Lisa Kopp, head of traditional investments at U.S. Bank Wealth Management in...

  • LONDON/ FRANKFURT, March 21- Stricter curbs are needed on the 10- trillion-euro asset management sector to control leverage and stop any heavy outflow of money rocking the financial system, the European Central Bank's vice-president said. "First, we need to develop a framework to better control the leverage of alternative investment funds in the European...

  • SINGAPORE, March 21- Singapore's DBS Group Holdings is seen leading the race to buy British bank Barclays' Hong Kong and Singapore private wealth units, valued at as much as $300 million, sources with knowledge of the situation said on Monday. Singapore's banks have been expanding in wealth management, picking up assets sold by some Western banks as they retreat...

  • NEW YORK, March 18- An ex-employee of Western Asset Management Co pleaded guilty on Friday to repeatedly accessing his former supervisor's email account after leaving the financial firm, conduct his lawyer said stemmed from a concern he was being criticized. Kristopher Rocchio, who after leaving the company became a vice president at investment manager...

  • March 18- Hedge funds wounded by recent stock market gyrations may struggle to pressure companies and reap the benefits of their activist campaigns, lawyers and bankers at Tulane Law School's corporate law conference in New Orleans said this week. Ackman's Pershing Square, battered by Valeant, is off 22 percent through the middle of March, while Nelson Peltz'...

  • March 18- BlackRock Inc, the world's largest asset manager, raised total compensation for Chairman and Chief Executive Larry Fink by about 8 percent in 2015, according to a filing on Friday. Fink was awarded $25.8 million in compensation in 2015, compared with $23.9 million in 2014, based on a calculation of his pay according to U.S. Securities and Exchange...

  • March 18- BlackRock Inc, the world's largest asset manager, raised the total compensation for Chairman and Chief Executive Larry Fink by about 8 percent in 2015..

  • *Secure messaging system aims for 130-150,000 users in 2016. LONDON, March 18- Financial messaging venture Symphony expects to have up to 150,000 users this year, topping its previous estimate as banks and asset managers sign up to a system aimed at addressing concerns over security and the cost of monitoring staff online. Chief Executive David Gurle told...

  • NEW YORK, March 18- Paloma Partners, a $4- billion hedge fund that has spent much of the last three decades politely turning away would-be investors, is opening its doors, if only a crack to newcomers, three people familiar with the fund's plans said. Sussman, 69, is often called the hedge fund industry's grandfather who helped launch one of the world's biggest firms;...

  • *Adobe up after raising FY forecasts. March 18- The S&P 500 edged into positive territory for 2016 on Friday as a gain in financial stocks added to a rally spurred by the Fed's tempered view on interest rates and rising oil prices. "Obviously, this continues to be a reaction to the Fed," said Philip Blancato, chief executive of Ladenberg Thalmann Asset Management in New...

  • -Lipper@ NEW YORK, March 17- Investors turned on U.S.-based stock funds in the latest week, pulling $2.1 billion from the funds just one week after the funds posted their first inflows of the year, Lipper data showed on Thursday. "Retail investors have been leery about equity for some time," said Jeff Tjornehoj, head of Americas research for Lipper.

  • March 17- One of Tudor Investment Corp's longest-serving employees, Spencer Lampert, has left the firm after nearly three decades, according to a source familiar with the company. The Greenwich, Connecticut- based hedge fund's founder, Paul Tudor Jones and its president, Mark Dalton, told employees of Lampert's departure in an email this week, the source said.

  • March 17- You might want to consider firing your money manager in favor of a woman or someone from a less wealthy background. Two recent studies highlight that mutual fund managers from less affluent backgrounds and seasoned hedge funds with female managers both outperform. Maybe the movie "Trading Places," in which a homeless man ran rings around affluent...

  • *S&P 500 and Dow turn positive for the year. March 17- The S&P 500 and the Dow Jones industrial average turned positive for the year on Thursday, a day after the U.S. "It's a continued reaction from the Fed's move yesterday," said David Lefkowitz, senior equities analyst at UBS Americas Wealth Management in New York.

  • NEW YORK, March 17- The S&P 500 turned positive for the year on Thursday, a day after the Federal Reserve lowered expectations for the number of interest rate hikes this year. "It's a continued reaction from the Fed's move yesterday," said David Lefkowitz, senior equity strategist at UBS Wealth Management Americas in New York. The S&P and Dow were at their highest...

  • TORONTO, March 17- A ramping up in Canadian government bond sales to finance deficit spending will be met by ample demand, say market players, who predict recent underperformance by the country's long-term bonds against U.S. Canada's new Liberal government will introduce its first budget March 22 and is expected to run a C $29 billion deficit in fiscal 2016-17,...

  • The idea is getting a push from a politically unlikely duo: labor economist Teresa Ghilarducci and Tony James, president of Blackstone Group LP, the global asset management firm. Indeed, just 23 percent of workers age 45 and higher have saved more than $250,000, according to the Employee Benefit Research Institute. Meanwhile, Social Security replaces only about...

  • TOKYO, March 17- Fixed income hedge funds are likely to have the worst quarter in their history in the three months to March 31, hit by a lack of market liquidity, Dan Fuss, a veteran fund manager known as the Warren Buffett of bonds, said on Thursday. Fuss, vice chairman and portfolio manager of Loomis Sayles, which oversaw $229.1 billion as of Dec. 31, said regulations...

  • SHANGHAI, March 17- A slowdown in the pace of deregulation is the biggest challenge facing UBS AG in China, an executive at the Swiss bank said as it opened a branch of its wealth management business in Shanghai on Thursday. The push by UBS into China comes against a backdrop of challenging conditions such as interest rate pressure and lower activity in investment...

  • *Hedge fund managers in bid to save licenses amid closure threat. HONG KONG/ SHANGHAI, March 17- China's hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. "It is very difficult for the regulators...