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  • Valeant, Ackman must face U.S. insider trading lawsuit Wednesday, 11 Nov 2015 | 2:58 PM ET

    Nov 11- A U.S. judge said Valeant Pharmaceuticals International Inc and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Botox. The lawsuit was filed on behalf of investors who sold Allergan shares in the two months before the defendants...

  • *Amazon rises, other retailers fall after Macy's cuts forecast. Nov 11- U.S. stock indexes were mixed on Wednesday as investors bought Amazon.com and dumped brick-and-mortar retailers after a disappointing full-year forecast from Macy's. General Electric and Amazon gave the biggest boost to the S&P, with GE up 1.77 percent and the online retail heavyweight...

  • NEW YORK, Nov 10- What do you tell your financial adviser when you are leaving for an algorithm? Joe O'Connor, a 52- year-old Connecticut salesman, had to have this conversation recently. That kind of awkward conversation is taking place more frequently these days, thanks to the rise of robo-advisers, which have about $20.1 billion in worldwide assets under...

  • LONDON, Nov 10- Signs are the next month will bring a third attack on the $1.0450 barrier that halted the dollar's rise against the euro earlier this year and positioning data indicates the bulls will have a stronger hand this time than in March or April. Most players in the interbank foreign exchange market-- except Britain's HSBC-- have been calling for a move...

  • LONDON, Nov 10- U.S. investors who bought the main European stock index a year ago should be looking at a more than 10 percent return, but without protection against a falling euro, all of that profit-- and more-- would have been wiped out. Record Currency Management, the world's biggest independent currency manager and the first to provide an overlay strategy in the...

  • LONDON/ NEW YORK, Nov 10- Goldman Sachs, the biggest standalone U.S. investment bank, shuttered its GSessions electronic bond-trading platform in 2014. BlackRock, the world's biggest asset manager, closed its Aladdin bond trading network after less than a year in 2013. Last spring, Deutsche Boerse, owner of the Frankfurt Stock Exchange, pulled its funding for a...

  • Nov 10- Australian port and rail firm Asciano Ltd said on Tuesday it had received a takeover proposal from a consortium led by Qube Holdings, challenging a rival offer from Canada's Brookfield Asset Management. The cash and scrip offer from Qube, along with partners Global Infrastructure Partners and Canada Pension Plan Investment Board, implied a value of A...

  • Nov 10- Australian port and rail firm Asciano Ltd said on Tuesday it had received a takeover proposal from a consortium led by Qube Holdings, challenging a rival offer from Canada's Brookfield Asset Management. The offer from Qube, along with partners Global Infrastructure Partners and Canada Pension Plan Investment Board, implied a value of A $9.25 per...

  • TORONTO, Nov 9- Canada's main stock index closed at its weakest level in more than five weeks on Monday, pressured by global growth concerns, sustained pressure on crude prices, and anticipation of a December rate hike from the Federal Reserve. The most influential downward force was Brookfield Asset Management Inc, which declined 5.6 percent to C $43.25 after...

  • *China Oct. trade surplus at record high. Nov 9- The S&P 500 index suffered its worst loss in six weeks on Monday as Wall Street braced for an interest-rate hike and fretted about weak Chinese trade data. "There are short-term myopic concerns about a Fed rate hike," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa.

  • NEW YORK, Nov 9- World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped. Data showed China's October exports fell for a fourth month, while imports also dropped, leaving the nation with a record high trade surplus of $61.64 billion.

  • *More shutdowns likely after Liongate Capital closure. The downturn in the fund of hedge funds industry started in the 2008, at the height of the crisis, with outflows of $40.9 billion, increasing to $118.4 billion the year after, Hedge Fund Research data showed. Since then, the high-profile collapse of London- based Liongate Capital, which shut this quarter...

  • LONDON/ NEW YORK, Nov 6- Leading European hedge fund firm Brevan Howard has cut around 50 support staff across its global operations, a source familiar with the matter on Friday said, as part of a plan to focus on its flagship macro-economic funds business. In a statement issued by the company, Brevan, which has offices in several global financial centres including...

  • LONDON, Nov 6- After several false dawns in emerging market equities, some big asset managers reckon it could be time to start buying even if the sector's recent rally looks fragile. Investors who bought into the sector five years ago would be sitting on a 6 percent loss now if they tracked MSCI's benchmark index. S&P500 would have returned 13 percent, asset manager...

  • BRUSSELS, Nov 6- Rules on the testing of car emissions should be toughened up to prevent a repeat of the Volkswagen scandal and the destruction of shareholder value which resulted, a group of leading investors has urged European Union policymakers. They include BlackRock, Deutsche Asset& Wealth Management, Henderson Global Investors, Nordea, Janus Capital and...

  • NEW YORK, Nov 5- DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Thursday that the U.S. Federal Reserve should not raise rates in December as economic and financial conditions have become vulnerable. Implied inflation for the next two years is "darn near zero," said Gundlach, whose Los Angeles- based DoubleLine...

  • TORONTO, Nov 5- Canadian insurer Sun Life Financial Inc is scouting for acquisitions to boost its asset management businesses in the United States and Canada, following a string of deals this year, its top executive said on Thursday. The company is also seeking opportunities in Asia, including the possibility of increasing its stake in its Birla Sun Life...

  • INTERVIEW-INSURER SUN LIFE SCOUTING FOR ASSET MANAGEMENT ACQUISITIONS IN UNITED STATES, CANADA- CEO.

  • *Saudi Arabia entering period of lower earnings growth. DUBAI, Nov 5- Saudi Arabian corporate earnings shrank during the third quarter of this year as low oil prices began hurting the wider economy, and are unlikely to achieve anything more than modest growth while the energy market languishes. Combined net income at 166 listed companies for which data was...

  • Nov 5- Hong Kong shares finished flat on Thursday, after a rally in China's stock market offset losses on the Federal Reserve's message of a possible "liftoff" in U.S. interest rates in December. "The comment on the possible U.S. rate hike from Yellen hindered the market a little bit," said Patrick Yiu, an associate director at Cash Asset Management.