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  • BOSTON, May 10- Hedge funds lost money for their investors last year but the industry's top-paid managers had a banner year, with five men earning more than $1 billion each in 2015, an industry survey released on Tuesday showed. Citadel's Kenneth Griffin, who started trading from his Harvard dormitory in the 1980 s, and Renaissance Technologies' James Simons, a...

  • *Oil drops; materials hit by weak China data. *Lending Club slumps as CEO resigns after internal probe. May 9- Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.

  • *Oil drops; materials hit by weak China data. *Lending Club slumps as CEO resigns after internal probe. May 9- Wall Street was mixed on Monday, with declines in energy and materials stocks offset by a bounce in Allergan Plc and other healthcare companies.

  • NEW YORK, May 9- Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in New York. The same day that Einhorn spoke in New York, the chief investment officer for the...

  • "Timing-wise, a few things play together," said Rudolf Bohli, founder and chief investment officer at RBR Capital, which launched a fund for Greece in May and has already started buying shares in local companies. Fears that Greece will tumble out of the euro have receded from a year ago, although Prime Minister Alexis Tsipras's promise that Greece's May 1 Orthodox...

  • *Bidders include Canada pension fund, SALIC and Qatar. Bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar's sovereign wealth fund, the sources said. Last month, CPPIB agreed to buy a 40 percent stake in the unit for $2.5 billion, placing the equity value of the business at $6.25 billion.

  • *Defaults have caused China markets to price in increasing risk. SHANGHAI, May 6- China's state asset manager, in the wake of increasing debt defaults have rattled Chinese markets, on Friday called risk in bonds issued by central government-owned firms "controllable". The investigations were launched after one firm, China Railway Materials Co Ltd, in mid-April...

  • SHANGHAI, May 6- China's state asset manager said on Friday that risk in bonds issued by central government-owned firms is "controllable", after a rapidly increasing number of debt defaults have rattled Chinese markets in recent months. The State-owned Assets Supervision and Administration Commission said it made the conclusion after conducting a detailed...

  • SHANGHAI, May 6- China's funds regulator said it would discipline a CITIC-linked asset manager for operating a prohibited fund-pooling investment scheme. China's hedge fund operators can expect more stringent regulation from AMAC in an intensifying crackdown on "Wild East" fraud and illegal money raising, AMAC said in April. CITIC-Prudential Fund...

  • SYDNEY, May 6- Australia's top investment bank Macquarie Group on Friday posted a 29 percent jump in annual profit to a record, helped by growth in its annuity-style businesses such as wealth management, and lifted final dividends by 21 percent. Net profit rose to A $2.06 billion from A $1.6 billion a year ago, narrowly beating analysts' estimate of A $2.04 billion.

  • SAO PAULO/ NEW YORK, May 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted higher returns in April after scrapping bets against domestic assets on optimism that a possible change of government could jump-start Latin America's largest economy. Money managers at Rio de Janeiro- based Gávea also...

  • *Asian sales up 14 percent to C $954 million. May 5- Manulife, Canada's biggest life insurer, said it would continue to look for new partners in Asia after strong sales in the region helped it increase its core earnings by 14 percent in the first quarter. The activation of a bancassurance partnership with DBS in Singapore and Hong Kong helped Manulife's Asian unit...

  • NEW YORK, May 5- Asset manager Apollo Global Management LLC posted an unexpected first-quarter loss on Thursday after revising lower the value of its insurance holding company Athene Holding Ltd to reflect market prices. Apollo reported an economic net loss of $73 million, or 18 cents per share, between January and March, compared to economic net income of $93.5...

  • NEW YORK, May 5- Asset manager Apollo Global Management LLC posted an unexpected first-quarter loss on Thursday after revising lower the value of its insurance holding company Athene Holding Ltd to reflect market prices. Apollo reported an economic net loss of $73 million, or 18 cents per share, between January and March, versus economic net income of $93.5...

  • May 5- Manulife Financial Corp, Canada's biggest life insurer, reported a 45 percent jump in first-quarter earnings, boosted by strong insurance sales in Asia and gains from interest rate movements. Net income attributable to shareholders rose to C $1.05 billion, or 51 Canadian cents per share, in the quarter ended March 31, from C $723 million, or 36 Canadian cents...

  • May 4- Insurer MetLife Inc reported a quarterly operating profit way below analysts' expectations as returns on investments in bonds and hedge funds fell and expenses rose. The company's net investment income fell 5.5 percent to $4.71 billion in the first quarter ended March 31. The insurer's net operating profit fell 19 percent to $1.33 billion, or $1.20 per...

  • ASTENBECK ASSETS UNDER MANAGEMENT AT $2.4 BLN, UP FROM $2.1 BLN IN MARCH- INVESTOR LETTER.

  • May 4- California Public Employees' Retirement System said it bought a 10 percent share of the Indiana Toll Road Concession Co LLC from fund manager IFM Investors, marking its first investment in U.S. transportation. ITRCC operates and maintains a 157- mile divided highway, known as the Indiana Toll Road for Indiana. Direct investment in transportation by a...

  • *GRAPHIC- Saudi corporate earnings: http://tmsnrt.rs/1W1H1nf. DUBAI, May 4- Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult. The world's largest oil exporting country is in the grip of a...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...