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  • RHODE ISLAND STATE PENSION TOLD TO DROP HEDGE FUND LUXOR CAPITAL PARTNERS-MEMO.

  • BOSTON, March 23- An influential group representing top U.S. pension funds on Wednesday urged companies that go public to stop using a maneuver that gives insiders extra control and makes other investors second-class corporate citizens. Members of the Council of Institutional Investors voted to adopt a new policy that all investors in initial public...

  • *Net inflows in Asia-Pacific, wealth management, universal bank. ZURICH, March 23- Credit Suisse Group on Wednesday announced 800 million Swiss francs in additional cost cuts and plans to shrink its investment bank further as it spurs a restructuring plan aimed at revitalising its earnings. The cuts include eliminating 2,000 jobs at its Global Markets...

  • NEW YORK, March 22- TIAA Global Asset Management won top honors at the 2016 U.S. TIAA has taken the fund research service's overall award for large firms each year since 2013, and in 2012 the award was claimed by Nuveen Investments Inc, which TIAA now owns. "We've had a couple of firms go on to repeat for a couple of years now, and it often surprises me that with all the...

  • NEW YORK, March 22- S&P Dow Jones Indices is negotiating with asset managers to license its new index, which it says represents companies that focus on the long term rather than the current quarter. The Long-Term Value Creation Global Index could be the basis for one or more mutual funds, exchange-traded funds or structured products, Vinit Srivastava, S&P's...

  • March 22- Asset manager Fiera Capital Corp and Aquila Infrastructure Management Inc have formed a joint venture with an initial capital of about C $500 million to invest in infrastructure projects. The alternative investment joint venture, Fiera Infrastructure Inc, will increase Fiera Capital's infrastructure asset portfolio to C $1.2 billion, the...

  • WASHINGTON, March 21- A regulator for the U.S. financial services industry on Monday said it was examining liquidity and redemption risks from asset managers and will provide an update on its findings in the next few months. During a conference call of the Financial Stability Oversight Council, officials discussed "potential risks to U.S. financial stability...

  • SYDNEY, March 22- With global interest rates at record lows as major central banks try to stimulate their sluggish economies, analaysts say there has never been a better time for Australia to sell 30- year bonds to secure long-term funds for ambitious infrastructure projects. Australia's longest-dated bond now is its 2039 issue, launched a few months ago as the...

  • WASHINGTON, March 21- The U.S. Financial Stability Oversight Council on Monday said it was examining liquidity and redemption risks to the financial system. During a conference call, officials discussed "potential risks to U.S. financial stability from asset management products and activities" and "potential financial stability risks related to liquidity...

  • March 21- Wall Street was little changed on Monday as losses in energy and materials stocks were offset by gains in healthcare and telecom shares. "Our market is really resting on the back of the dovish statement from the Fed and waiting to see where we are headed with the economic data," said Lisa Kopp, head of traditional investments at U.S. Bank Wealth Management in...

  • LONDON/ FRANKFURT, March 21- Stricter curbs are needed on the 10- trillion-euro asset management sector to control leverage and stop any heavy outflow of money rocking the financial system, the European Central Bank's vice-president said. "First, we need to develop a framework to better control the leverage of alternative investment funds in the European...

  • SINGAPORE, March 21- Singapore's DBS Group Holdings is seen leading the race to buy British bank Barclays' Hong Kong and Singapore private wealth units, valued at as much as $300 million, sources with knowledge of the situation said on Monday. Singapore's banks have been expanding in wealth management, picking up assets sold by some Western banks as they retreat...

  • NEW YORK, March 18- An ex-employee of Western Asset Management Co pleaded guilty on Friday to repeatedly accessing his former supervisor's email account after leaving the financial firm, conduct his lawyer said stemmed from a concern he was being criticized. Kristopher Rocchio, who after leaving the company became a vice president at investment manager...

  • March 18- Hedge funds wounded by recent stock market gyrations may struggle to pressure companies and reap the benefits of their activist campaigns, lawyers and bankers at Tulane Law School's corporate law conference in New Orleans said this week. Ackman's Pershing Square, battered by Valeant, is off 22 percent through the middle of March, while Nelson Peltz'...

  • March 18- BlackRock Inc, the world's largest asset manager, raised total compensation for Chairman and Chief Executive Larry Fink by about 8 percent in 2015, according to a filing on Friday. Fink was awarded $25.8 million in compensation in 2015, compared with $23.9 million in 2014, based on a calculation of his pay according to U.S. Securities and Exchange...

  • March 18- BlackRock Inc, the world's largest asset manager, raised the total compensation for Chairman and Chief Executive Larry Fink by about 8 percent in 2015..

  • *Secure messaging system aims for 130-150,000 users in 2016. LONDON, March 18- Financial messaging venture Symphony expects to have up to 150,000 users this year, topping its previous estimate as banks and asset managers sign up to a system aimed at addressing concerns over security and the cost of monitoring staff online. Chief Executive David Gurle told...

  • NEW YORK, March 18- Paloma Partners, a $4- billion hedge fund that has spent much of the last three decades politely turning away would-be investors, is opening its doors, if only a crack to newcomers, three people familiar with the fund's plans said. Sussman, 69, is often called the hedge fund industry's grandfather who helped launch one of the world's biggest firms;...

  • *Adobe up after raising FY forecasts. March 18- The S&P 500 edged into positive territory for 2016 on Friday as a gain in financial stocks added to a rally spurred by the Fed's tempered view on interest rates and rising oil prices. "Obviously, this continues to be a reaction to the Fed," said Philip Blancato, chief executive of Ladenberg Thalmann Asset Management in New...

  • -Lipper@ NEW YORK, March 17- Investors turned on U.S.-based stock funds in the latest week, pulling $2.1 billion from the funds just one week after the funds posted their first inflows of the year, Lipper data showed on Thursday. "Retail investors have been leery about equity for some time," said Jeff Tjornehoj, head of Americas research for Lipper.