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  • NEW YORK, Jan 13- U.S. "The Treasury market has taken a cue more from Chinese markets than Chinese data," said Dan Heckman, senior fixed income strategist at U.S. Bank Wealth Management in Kansas City, Missouri.

  • ZURICH, Jan 13- Swiss private bank J. Safra Sarasin has agreed to buy Ticino-based peer BSI from Brazil's BTG Pactual, Swiss newspaper Handelszeitung said on its website on Wednesday. Julius Baer was also interested, but withdrew from the negotiations, "Handelszeitung said, quoting unnamed" senior sources ". BSI and Julius Baer declined comment while BTG Pactual...

  • The world's largest asset manager said it would unify its global fixed-income business under Tim Webb, a longtime manager at the firm, and Rick Rieder, a well-known investor who is becoming chief investment officer of global fixed income. New York- based BlackRock is also moving a senior executive, Rich Kushel, into a position as head of multi-asset strategies,...

  • NEW YORK, Jan 12- BlackRock Inc on Tuesday said it reshuffled the managers of some of its most important investment units, including its stock and bond picking businesses, according to a memo seen by Reuters. The company also said it would unify its global fixed-income business under one leader, Tim Webb, and shift a senior executive, Rich Kushel, into a position as...

  • NEW YORK, Jan 11- An elite group of hedge fund managers must have awakened on Jan. 1 with an unusual type of hangover: their first annual loss. Large funds managed by King Street Capital Management, CQS, Pine River Capital Management, Metacapital Management, DW Partners and Libremax Capital were among those that lost money, or were on track to, in 2015 for the first time,...

  • *WMPs often offer double-digit returns based on risky assets. SHANGHAI/ BEIJING, Jan 12- China's banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products, five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit.

  • BOSTON, Jan 11- A junk bond fund run by billionaire Marc Lasry's Avenue Capital Management, which has experienced heavy investment losses and investor withdrawals, has stopped voluntarily reporting daily asset figures to the mutual fund industry's top two tracking firms. People familiar with the situation said outflows from the Avenue Capital fund had...

  • SHANGHAI/ BEIJING, Jan 12- China's banking regulator and the main bond clearinghouse have asked commercial banks to reduce yields offered on their wealth management products, five sources with direct knowledge of the matter told Reuters Tuesday. Bank wealth management products, which are marketed by banks but often backed by risky third party assets...

  • NEW YORK, Jan 11- Shares of WidsomTree Investments tumbled Monday after Goldman Sachs cut its rating and price target on the stock, putting the sponsor of exchange-traded funds on pace for its longest losing streak ever and casting doubt on its ability to recover quickly. On Monday Goldman lowered its rating to "sell" and cut its price target to $14.50 from $22 per...

  • NEW YORK, Jan 11- An elite group of hedge fund managers must have awakened on Jan. 1 with an unusual type of hangover: their first annual loss. Large funds managed by King Street Capital Management, CQS, Pine River Capital Management, Metacapital Management, DW Partners and Libremax Capital were among those that lost money, or were on track to, in 2015 for the first time,...

  • Jan 11- Land and Buildings Investment Management LLC on Monday asked NorthStar Asset Management Group Inc to extend the deadline to nominate directors by three months, after the asset management company said it was exploring strategic options. NorthStar earlier on Monday said it had retained Goldman Sachs& Co as its financial adviser to evaluate strategic...

  • SANTIAGO, Jan 11- Chilean energy company Colbun said on Monday it will not be able to bid for a controlling stake in Colombian power generator Isagen on Wednesday. Consortiums controlled by Colbun and Canada's Brookfield Asset Management were expected to bid for the 57.6 percent stake in Isagen on Wednesday. Colombia will go ahead with the sale of the power...

  • PARIS/ FRANKFURT, Jan 11- French private equity firm Ardian is seeking to profit from a shake-up of the oil industry after raising a record 2.65 billion euros infrastructure fund. "As an indication of the change, Saudi Aramco has announced to divest stakes of some oil-related assets and we will look at them," he said, adding the new fund could invest 20 percent of its...

  • SHANGHAI, Jan 11- Swiss bank UBS AG plans to more than double the number of staff at its China wealth management teams over the next five years, said Kathryn Shih, Asia pacific president at the bank, in an interview with Reuters on Monday. The world's largest wealth manager plans to open a new wealth management branch in Shanghai by the end of the first quarter, said UBS...

  • Jan 8- The hedge fund manager Steven A. Cohen has agreed to a two-year ban from supervising funds that manage outside money, to resolve U.S. Securities and Exchange Commission charges that he failed to supervise a former portfolio manager convicted of insider trading. Cohen did not admit or deny the SEC's findings that he failed to properly oversee Mathew...

  • Jan 8- The hedge fund manager Steven A. Cohen has been barred from supervising funds that manage outside money until 2018 to settle charges he failed to supervise a former portfolio manager convicted of insider trading, the U.S. Securities and Exchange Commission said on Friday. Cohen did not admit or deny the SEC's findings related to his oversight of Mathew...

  • NEW YORK, Jan 7- Mayor Bill de Blasio has submitted a resolution urging the New York City Police Pension Fund to consider exiting investments in companies that manufacture assault weapons for civilians, the mayor's office said on Thursday. It makes good on the mayor commitment after the mass shooting in San Bernardino, California, in November, to require all five...

  • NEW YORK, Jan 7- New York's Mayor Bill de Blasio has submitted a resolution to the city's police pension fund, urging it to consider exiting investments in companies that manufacture assault weapons for civilians, the mayor's office said on Thursday. "After the countless tragedies involving assault weapons, public outcry over mass shootings and legislative...

  • LONDON, Jan 7- Blackstone Group is planning to bring its multi-manager hedge fund platform Senfina Advisors to Britain, three sources with direct knowledge of the move told Reuters. The platform, which allows investors to access a number of underlying hedge fund managers, was launched in the United States in 2014 and had almost $2 billion in assets under...

  • NEW YORK, Jan 7- Tim Garry, second-in-command at $4.4 billion hedge fund firm Passport Capital, has decided to leave, according to a letter sent to clients on Thursday morning seen by Reuters. "Given his achievements at Passport, Tim is ready for a role with an increased level of responsibility and will be pursuing new opportunities," firm founder John Burbank wrote...