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  • 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...

  • 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...

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

  • 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.

  • 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.

  • LONDON, April 27- Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday. Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange data showed, the highest level since...

  • OSLO, April 27- An Oslo court started to hear a $1.9 billion lawsuit by a group of international investors against Norway on Monday, in a case that challenges the country's reputation as a predictable place to do business with little political risk. Investors including Allianz, UBS, the Abu Dhabi Investment Authority and two Canadian pension funds are suing...

  • Zhao Yang, fund manager of Bosera Asset Management Co, which is launching a mutual fund to invest in the city's markets, said he expected inflows from Chinese mutual funds and insurers to continue, and the valuation gap between Hong Kong and China- listed stocks to narrow further. His view was echoed by brokerage China Investment Securities, who wrote on Friday: "In...

  • INSTANT VIEW-Nasdaq sets new record closing high Thursday, 23 Apr 2015 | 5:36 PM ET

    NEW YORK, April 23- The Nasdaq Composite Index set an all-time closing high of 5056 on Thursday, taking out the record it set during the dotcom boom of 2000.. URI LANDESMAN, president of Platinum Partners in New York:. RICHARD WEISS, senior portfolio manager at American Century Investments, which has $150 billion in assets under management.

  • NEW YORK, April 23- U.S. "The weaker economic data certainly helped pulled some bids back into the market," said Andrew Richman, fixed income strategist at SunTrust Private Wealth Management in Palm Beach, Florida. Uneasiness about Greece and its future in the euro zone also underpinned safe-haven demand for Treasuries.

  • BOSTON, April 23- Liquid alternative products, the look-alike hedge funds wooing customers with promises of getting their money back more easily and paying lower fees to have it managed, now have something else to brag about: superior returns. Among so-called liquid alts funds, Daman Investments' Daman Fifth Fund was last year's best performer boasting a 232...