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  • *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.

  • SHANGHAI, Nov 5- UBS Asset Management announced on Thursday that it has created an entity in the Shanghai free trade zone to raise private funds in China to invest overseas via China's Qualified Domestic Limited Partner scheme. On the one hand China is trying to cautiously open its capital account to allow more outward portfolio investment flows, seen as key to...

  • TORONTO, Nov 4- The rivalry between Canada's TMX Group Ltd and smaller rival Aequitas Innovations Inc is set to intensify as the two exchange operators race to create platforms for the buying and selling of some actively managed funds. The instruments however, can currently only be traded within the Invesco dealer network. One of the sources said Aequitas is...

  • NEW YORK, Nov 4- Renowned oil bull Andy Hall has acknowledged the reality of high and growing U.S. crude stockpiles but insists the market is still underpriced, as his hedge fund posted a slight gain in October from higher crude prices. Hall's Astenbeck Capital Management in Southport, Connecticut, gained 2.5 percent last month, matching October's gains in...

  • ASTENBECK ASSETS UNDER MANAGEMENT AT $2.6 BLN AT END-OCT, DOWN FROM $2.8 BLN IN AUGUST- INVESTOR LETTER.

  • It has traditionally sought to invest Middle Eastern money in its home region and into the United States and Europe, targeting private equity deals as well as investments in real estate and hedge funds. To grow, Ardhi said there would be more of the same but it would also bring its full product range to these markets, such as investing in real estate in Europe for the...

  • AMSTERDAM/ DUBAI, Nov 4- Days before its initial public offering, Dutch bank ABN Amro said it has paid fines to regulators in the Netherlands and Dubai over "serious shortcomings" in vetting clients and managing risk at its private banking operations. The Dubai investigation, which became public in March, had been one of the few remaining unresolved issues hanging...

  • Nov 3- A fifth straight day of gains for energy shares drove U.S. stocks higher on Tuesday, while big tech names also helped propel the major indexes. "I think there has been a real desire on the part of some investors to take advantage of depressed valuations," Eric Wiegand, who is a senior portfolio manager with U.S. Bank Wealth Management in New York.

  • NEW YORK, Nov 3- Bill Gross, the closely watched bond investor, on Tuesday warned that the flatness of the Treasury yield curve could have harmful effects on lending across all credit markets, stunting growth in U.S. corporate profits. Gross, who oversees the $1.4 billion Janus Global Unconstrained Bond Fund, said in his latest Investment Outlook that the Federal...

  • NEW YORK, Nov 3- Bank of America Corp, the No. 2 U.S. bank, has agreed to sell its $87 billion money-market fund business to BlackRock Inc in one of the cash-management industry's largest deals ever. "Combining our business together with the Bank of America assets and distribution puts us in a unique competitive position," said Tom Callahan, co-head of global cash...