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Capital Markets Asset Management and Custody Banks

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  • NEW YORK, May 4- Not all investors agree with hedge fund manager David Einhorn's take on Pioneer Natural Resources' Co, which he described as "A business that burns cash and doesn't grow, isn't worth anything." "He is right if oil prices remain under $60; he is dead wrong if prices go beyond $75," said Fadel Gheit, an analyst at Oppenheimer& Co.. Because oil markets may be...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash. Activist investor Barry Rosenstein discussed two investment ideas that were already well...

  • NEW YORK, May 4- The annual Sohn Investment Conference in New York City kicked off on Monday, drawing thousands of portfolio managers, asset allocators and private investors. Alliance, QCOM.O value in WBA;. shares, says stock "a great way to play the urbanization and growth of the middle class in China".

  • *Foreigners can buy stocks from June 15. RIYADH, May 4- Foreign investors can own no more than 10 percent of Saudi Arabia's stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month. Analysts believe it could enter the widely watched MSCI emerging market index as soon as...

  • Saudi sets 10% ownership cap as bourse opens up Monday, 4 May 2015 | 11:46 AM ET
    A currency exchange in Mecca, Saudi Arabia.

    Foreign investors can own no more than 10 percent of Saudi Arabia's stock market by value, the regulator said on Monday.

  • RIYADH, May 4- Foreign investors can own no more than 10 percent of Saudi Arabia's stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month. But the Capital Market Authority made clear on Monday that it did not want a sudden, destabilizing rush of money into the market, placing a...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • And that kind of colored the statement more hawkish for the Fed, "said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. The Nasdaq biotech index dropped 3.2 percent, led by a 3.9 percent fall in Celgene, which reported lower-than-expected quarterly revenue. The company limited the availability of the Apple Watch after a key...

  • April 29- As his company gets closer to telling shareholders its plan for allocating cash, Eaton Corp Chief Executive Alexander Cutler said on Wednesday a recent call by a prominent asset manager to think long-term represented a "healthy voice." BlackRock Inc Chief Executive Officer Larry Fink earlier this month sent a letter to CEOs of the Standard& Poor's 500...

  • SAFT ON WEALTH-Activists good, bigger activists better Wednesday, 29 Apr 2015 | 3:08 PM ET

    April 29- Activist hedge funds, on the whole, do good work, but the best results come from those with the deepest pockets. Activists have fought many high profile battles recently with incumbent management, notably Nelson Peltz and his Trian Fund Management, which is currently seeking four board seats at DuPont. "The market appears to anticipate the superior...

  • EXCLUSIVE-HEDGE FUND MANGROVE PARTNERS IS PUSHING ATLANTIC POWER TO RETURN CASH TO SHAREHOLDERS- SOURCES.

  • TORONTO/ NEW YORK, April 29- Hedge fund Mangrove Partners is urging Atlantic Power Corp to return cash to shareholders and could push for a possible sale or break-up of the company, according to two sources with knowledge of the situation. One of the sources said the New York- based hedge fund wants Atlantic to pay a special dividend of $300 million, or about $2.50 per...

  • UPDATE 2-Euro zone QE helps Standard Life Q1 funds boost Wednesday, 29 Apr 2015 | 4:06 AM ET

    LONDON, April 29- Money-printing in the euro zone helped drive flows into Standard Life's funds in the first quarter as investors searched for higher-yielding assets, the British insurer and asset manager said on Wednesday. SLI's assets under management rose 5 percent in the first quarter, to 258.4 billion pounds, Standard Life said in a trading statement.

  • China's QFII quota rises to $73.6 bln in April Wednesday, 29 Apr 2015 | 2:48 AM ET

    BEIJING, April 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $73.6 billion as of April 28, slightly higher than $72.1 billion in March, China's currency regulator said on Wednesday.

  • *Merck on track for its best day since January 2014. April 28- U.S. stocks held on to their gains in early afternoon trading on Tuesday, reversing earlier declines, on strong earnings from Merck, better-than-expected housing data and a dividend hike from IBM. The shares then fell as much as 2.3 percent, weighing on all three major indices, before recovering to trade up...

  • FRANKFURT, April 28- Hedge fund Elliott, which holds a 15 percent stake in German machine-tool maker DMG Mori Seiki AG, is not seeking a seat on the supervisory board, DMG said on Tuesday, contrasting with the activist fund's strategy for some of its other investments. Japan's DMG Mori Seiki Co Ltd has recently acquired a 52.5 percent stake in DMG Mori Seiki AG, and...

  • NEW YORK, April 27- The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds in the coming weeks. "There was probably a view that Varoufakis was an obstacle to...

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.