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  • MOVES-BlackRock ETF executive steps down Friday, 30 Oct 2015 | 1:34 PM ET

    NEW YORK, Oct 30- A top executive within BlackRock Inc's iShares exchange-traded fund business is stepping down. Joe Cavatoni, head of Americas iShares Capital Markets, is leaving that role, according to a memo distributed within the firm this week. BlackRock's iShares business is the world's largest manufacturer of ETFs with $1 trillion in assets under...

  • BEIJING, Oct 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $78.97 billion as of Oct. 29, from $78.77 billion at end-September, the foreign exchange regulator said on Friday.

  • SYDNEY, Oct 30- Australian logistics firm Qube Holdings Ltd said on Friday it and partners had bought a near 20 percent stake in freight firm Asciano Ltd, seeking to block a $6.5 billion bid from Canada's Brookfield Asset Management. Qube said it wanted to combine its logistics business with Asciano's Patrick Containers Terminal business, while GIP and CPPIB...

  • NEW YORK, Oct 29- Investors piled $8.2 billion into stock exchange-traded funds over the week ended Oct 28, the third week of inflows for those funds and the most new money since mid-September, Lipper data showed on Thursday. "It was a good week for the markets," said Pat Keon, a research analyst at Lipper. The swift movement by U.S.-based ETF buyers into funds such as the...

  • *Allergan up after confirming buyout talks with Pfizer. *GoPro, Deutsche Bank fall after results. "What is positive about the GDP number is that it showed that consumers are strong," said Janelle Nelson, portfolio analyst at RBC Wealth Management in Minneapolis.

  • NEW YORK, Oct 28- U.S. "I think the statement did lessen the focus on international capital markets and turned the focus on more domestic employment situation, which adds heightened awareness about the upcoming jobs number," said Dan Heckman, senior fixed-income strategist at U.S. Bank Wealth Management in Kansas City, Missouri.

  • Quant-loving Canadian pension fund backs new hedge fund Wednesday, 28 Oct 2015 | 12:19 PM ET

    New York- based Engineers Gate was formed in early 2014 by Glenn Dubin, who co-founded Highbridge Capital Management, a hedge fund and private equity manager that was sold to JPMorgan Chase& Co. Dubin holds a majority stake in Engineers Gate and is chairman, according to filings with U.S. regulators. The firm's investments are run by a team of portfolio managers,...

  • Carlyle, Apollo hit by third-quarter market rout Wednesday, 28 Oct 2015 | 9:02 AM ET

    Oct 28- Alternative asset managers Carlyle Group LP and Apollo Global Management LLC followed peers on Wednesday in reporting that the third quarter's stock market plunge weighed on their earnings, even as they scored some key wins. Like peers Blackstone Group LP and KKR& Co LP, Apollo and Carlyle suffered because economic net income, the industry's headline...

  • FOREX-Dollar under pressure ahead of Fed meeting Monday, 26 Oct 2015 | 8:30 PM ET

    TOKYO, Oct 27- The dollar was on the back foot in Asia on Tuesday, after disappointing U.S. home sales data pushed down Treasury yields and prompted investors to pare bets that the U.S. "The arguments for a 2015 rate hike are fading," Kathy Lien, managing director of BK Asset Management, wrote in a note to clients. Against its Japanese counterpart, the dollar slipped about...

  • Until that happens, fund managers are taking a wait-and-see approach to the outcome of the election, still fearful that ruling party candidate Daniel Scioli will pull out a victory next month after opposition candidate Mauricio Macri stormed to a near-tie in the first round. He's the candidate who is most keen to get on and reform Argentina's economy.

  • NEW YORK, Oct 26- High-yield energy bonds are on track for their worst year since the global financial crisis yet some funds are holding on, convinced that markets underestimate the ability of many oil companies to ride out the crude price slump. Some money managers such as Western Asset Management Co., Eaton Vance Corp. and Aberdeen Asset Management have...

  • MUMBAI, Oct 26- U.S. buyout group General Atlantic has agreed to buy a 21.6 percent stake in India's IIFL Wealth Management for 11.2 billion rupees, the first private equity investment in the country's fast-growing wealth management business. India was the world's fastest-growing wealth management market last year, according to a CapGemini and RBC Wealth...

  • LONDON, Oct 26- Aberdeen Asset Management has denied press speculation it is looking for a buyer, as it seeks to reverse an extended stock price decline and hold onto clients spooked by recent volatility in its key Asian stock markets. Britain's Financial Times newspaper said Aberdeen's CEO Martin Gilbert had begun to court possible suitors, in an effort to...

  • NEW YORK, Oct 26- High-yield energy bonds are on track for their worst year since the global financial crisis yet some funds are holding on, convinced that markets underestimate the ability of many oil companies to ride out the crude price slump. Some money managers such as Western Asset Management Co., Eaton Vance Corp. and Aberdeen Asset Management have...

  • Valeant slump poses big threat to small hedge funds Thursday, 22 Oct 2015 | 7:46 PM ET

    BOSTON/ NEW YORK, Oct 22- Valeant Pharmaceuticals' market slide has hurt the returns of several large U.S. hedge funds, but for smaller players with outsized bets on the drug company the fallout could be far more painful, according to industry watchers. They include Tiger Ratan Capital Management, Marble Arch Investments, and Brave Warrior Advisors, according to...

  • SAO PAULO, Oct 22- Grupo BTG Pactual SA, Latin America's largest independent investment bank, tapped Guillermo Ortiz to be chairman of its unit in Mexico, the region's No. 2 economy. He joins Javier Artigas, BTG Pactual's chief executive in the country, as the bank expands into asset management and increases advisory and broker-dealer activity in Mexico.

  • U.S. regulators set to approve final swaps margin rules Thursday, 22 Oct 2015 | 10:00 AM ET

    WASHINGTON, Oct 22- U.S. banking regulators plan to adopt long-awaited rules on Thursday requiring big U.S. banks to post more collateral when they trade in riskier derivatives. The final rules from the Federal Reserve, Federal Deposit Insurance Corp and other agencies would require banks, asset managers, hedge funds and others to put up roughly 30 percent more...

  • Oct 22- Lazard Ltd, a financial advisory and asset management firm, reported a better-than-expected profit and record quarterly operating revenue after advising on several billion-dollar deals. Low U.S. interest rates have helped to push merger activity to levels last seen before the financial crisis in 2008, driving a 19 percent jump in Lazard's quarterly...

  • Oct 22- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit, helped by a rise in advisory fees related to mergers and acquisitions. Lazard advised on high-profile deals such as Heinz's combination with Kraft Foods to form Kraft Heinz Co and AT&T Inc's $67.1 billion acquisition of DirecTV. Net income attributable to...

  • HONG KONG/ ZURICH Oct 22- Credit Suisse's plan to offset sliding investment banking business by becoming an advisor of choice to Asia's fabulously wealthy could leave new chief Tidjane Thiam arriving late at an overcrowded, overhyped party, investors fear. In an early test for the newly appointed Thiam, the move will bring Credit Suisse head-to-head against...