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  • SAN FRANCISCO, May 16- The board of the California Public Employees' Retirement System on Monday shortened the timeline for the completion of a study examining its 16- year-old decision to divest from tobacco. Calpers spokesman Joe DeAnda said the board will likely make an investment decision upon completion of the study but stressed that the review "is in no...

  • NEW YORK, May 16- Former SAC executive Gabe Plotkin's Melvin Capital took a new position in streaming video service Netflix Inc, buying 950,000 shares and a call option for 1.45 million shares, according to regulatory filings on Monday. Melvin Capital also took a new position in Home Depot Inc, buying 475,000 shares. And Passport Capital added 3.3 million Yahoo...

  • NEW YORK, May 16- Former SAC executive Gabe Plotkin's Melvin Capital took a new position in streaming video service Netflix Inc, buying 950,000 shares and a call option for 1.45 million shares, according to regulatory filings on Monday. Melvin Capital also took a new position in Home Depot Inc, buying 475,000 shares. And Passport Capital added 3.3 million Yahoo...

  • May 16- UBS Group AG's Americas wealth unit is partnering with online financial advisor SigFig Wealth Management to develop technology and investment tools for the Swiss bank, UBS said on Monday. The Americas wealth unit, which has around 7,000 financial advisors, had net inflows of $13.6 billion during the first quarter. UBS started exploring ways it could...

  • LONDON, May 16- "The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," Goldman Sachs analysts said in a research note published on Sunday. Goldman raised its near-term forecasts for WTI by around $10 per barrel in both the second and third quarters of 2016. In many ways the bank is playing catch up, because WTI has...

  • SHANGHAI, May 16- Bridgewater Associates, the world's largest hedge fund with around $150 billion in assets under management, has set up an investment management unit in Shanghai, according to a Chinese government website filing, signalling that the firm is looking to expand its bets on China. Bridgewater's China unit was set up in Shanghai's Free Trade Zone on...

  • The shift was evident at the annual SkyBridge Alternatives Conference in Las Vegas this week, where a group of money managers humbled by losses or meager returns acknowledged that they needed to do more to satisfy investors. "Expectations about a hedge fund manager's way of conducting business has become more demanding- and perhaps rightfully so," Kenneth...

  • SAO PAULO, May 12- State-controlled Petróleo Brasileiro SA has entered exclusive talks with Brookfield Asset Management Inc over the sale of natural gas pipeline unit Nova Transportadora do Sudeste SA, as part of a plan to dispose of $15 billion of non-essential assets by year-end. In a Thursday securities filing, Petrobras, as Brazil's state oil producer is...

  • Lykouretzos was one of a handful of prominent managers speaking at the annual SkyBridge Alternatives Conference in Las Vegas, four months into a difficult year where the average hedge fund has lost money and some big-name investors are rethinking their commitment to them. Fears about a possible recession in the United States and slower growth in China have...

  • LAS VEGAS, May 12- Scott Ferguson said that his hedge fund firm Sachem Head Capital Management had exited its position in the stock of animal healthcare company Zoetis Inc earlier this year, in an appearance at the SkyBridge Alternatives Conference in Las Vegas on Thursday.

  • May 12- BlackRock Inc is among major asset managers that had been raising their bets on Brazil even before President Dilma Rousseff was suspended from office on Thursday, but many investors are wary about the long-term recovery prospects of Latin America's largest economy. In its Latin America Fund, BlackRock, the world's largest asset manager, has made what...

  • May 12- BlackRock Inc is among major asset managers that had been raising their bets on Brazil even before President Dilma Rousseff was suspended from office on Thursday, but many investors are wary about the long-term recovery prospects of Latin America's largest economy. In its Latin America Fund, BlackRock, the world's largest asset manager, has made what...

  • CHICAGO, May 12- Should the pension of a retired truck driver- or his widow- be cut by one-third or more because the plan is in trouble? Doing no harm to current retirees is a basic tenet of sound retirement policy, as well as basic fairness. It rejected an application by the financially troubled Teamsters' Central States Pension Fund to cut benefits, saying that the...

  • HOUSTON, May 11- Pension fund chiefs from California and New York City urged Exxon Mobil shareholders on Wednesday to back a measure that would force the company to finely detail how its business will be impacted as governments move to tackle climate change. CalPERS investment director Anne Simpson and NYC Comptroller Scott Stringer also said in a letter they...

  • NEW YORK, May 10- At quick glance, public pensions should be running from hedge funds. Then, this February, the $15 billion Illinois State Board of Investment said it would reduce its target allocation from 10 percent to just 3 percent. Henry Garrido, a worker union leader and NYCERS trustee, cited the industry's high fees and poor performance in scoring a...

  • May 10- It is a testament to, er, something, that a man with Donald Trump's track record becomes the presumed Republican nominee for President, says the things Trump says and has little discernible impact on financial markets. Donald Trump on the other side of the table when things turn bad is not what these investors sign on for. Mind you, Donald Trump in the White...

  • NEW YORK, May 10- Blackstone Group is hiring a former top enforcement lawyer at the U.S. Securities and Exchange Commission, a source said on Tuesday, less than a year after the world's largest alternative asset manager was fined by the regulator for failing to disclose certain fees. Marshall Sprung, former co-chief of the asset management unit at the SEC's...

  • *Q1 net loss of 302 mln Sfr vs forecast 424 mln Sfr loss. On Tuesday, Credit Suisse posted a 302 million Swiss franc loss for the first three months of 2016, the Zurich- based bank's second consecutive quarterly loss. "There's obviously been a lot of fear surrounding Credit Suisse," said Macquarie Research analyst Piers Brown, who has an "outperform" rating on the stock.

  • LONDON, May 10- China's opening push to draw major bond investors into its gigantic onshore bond market has shown that U.S. and European asset managers are still at least 18 months to two years away from engaging in earnest. But despite yields of 3 percent or more which should draw fund managers dealing with negative returns in Europe, only 2 percent of China's...

  • NEW YORK, May 10- Shares of small companies have always traded at a premium on Wall Street, where investors have historically been rewarded for taking chances on the sometimes high-flying stocks. Traders at Hodges Fund, T. Rowe Price and other investment firms say the lack of liquidity in small company stocks has forced them to spread sales over weeks instead of...