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  • Dec 4- A New York City hedge fund manager who allegedly faked his own death to conceal his fraud was convicted on Friday for stealing more than $800,000 from investors he solicited, New York Attorney General Eric Schneiderman said on Friday. Moazzam Ifzal "Mark" Malik, 33, from Lahore, Pakistan, was convicted on all 28 counts he faced, including grand larceny and...

  • NEW YORK, Dec 4- New York City Mayor Bill de Blasio urged the city's pension funds on Friday to divest their holdings in stocks of gun makers after this week's mass shooting in San Bernardino, California. Two of the funds in the city's $155 billion pension system ditched their holdings in gun manufacturers such as Smith& Wesson Holding Corp and Sturm Ruger& Co Inc...

  • *Adidas, struggling keep pace with Nike, searches for new CEO. LONDON/ BERLIN, Dec 4- Egyptian tycoon Nassef Sawiris has formed a partnership with U.S. investor Mason Hawkins and his colleagues at Southeastern Asset Management to drive change at companies they invest in- and they have sportswear firm Adidas in their sights. It could set its sights on Germany's...

  • NASSEF SAWIRIS AND PARTNERS AT SOUTHEASTERN ASSET MANAGEMENT FORM LONG-TERM INVESTMENT VENTURE- SOURCE.

  • SAO PAULO, Dec 4- Grupo BTG Pactual SA, the embattled Brazilian investment bank shedding assets after the arrest of its founder, is in talks with three unspecified international banks over the sale of Swiss private bank BSI Group, a source with knowledge of the plan said. The decision to dispose of BSI, which BTG Pactual integrated only three months ago following...

  • Dec 3- Sandell Asset Management Corp urged Bob Evans Farms Inc to sell its packaged foods business, which the activist investor said could fetch more than $950 million. Cereal maker Post Holdings Inc has expressed interest in the packaged foods business, Sandell said in a letter sent to the Bob Evans board. Post Holdings also has the ability to structure a deal...

  • Dec 3- Sandell Asset Management Corp urged Bob Evans Farms Inc to sell its packaged foods business, which the activist investor said could fetch more than $950 million.

  • DUBLIN, Dec 3- The' bad bank' set up six years ago to mop up toxic assets in Ireland's financial system is on track to generate possible profits of over 2 billion euros, its chairman said on Thursday, in a sign of the economy's dramatic turnaround. The National Asset Management Agency was established in 2009 to rid local banks of risky loans made before a property...

  • LONDON/ NEW YORK, Dec 2- A weak overall performance for hedge funds which bet on macroeconomic trends this year has not stopped some investors from gearing up to trust them with their money in 2016.. Notable closures were the main macro fund at Fortress Investment Group, a $1 billion fund at the world's biggest asset manager, BlackRock, and Bain Capital's $2.2...

  • A climate fund offered to European investors by HSBC, the HSBC GIF Global Equity Climate Change fund, holds stock in U.S. oil producer and refiner Chevron Corp, South African energy company SASOL Ltd and British oil and gas producer BG Group Plc. "It is not so much about avoiding companies that are carbon emitters, but about investing in companies that have sought to...

  • Commentators and investors are almost unanimous in expecting OPEC to leave its production target unchanged. OPEC ministers, led by Saudi Arabia's Ali Naimi, have done nothing to contradict that view, leaving hedge funds free to continue selling in the expectation prices will move even lower. OPEC could decide to confound investors by agreeing to cut output in...

  • LONDON, Dec 1- BlueCrest Capital Management, the $8 billion hedge fund firm founded by billionaire Michael Platt, is returning all the cash provided by outside investors amid pressure on fees, rising costs and a lackluster performance. The decision, which follows an exodus of capital in recent years and disappointing returns relative to some rivals, is a shock...

  • BOSTON, Dec 1- Will Danoff, one of the U.S. mutual fund industry's best stock pickers over the past 25 years, is tapping the brakes on funding so-called unicorn companies, saying the prospects for fast growing private businesses before they go public may be fading. Danoff, 55, is not a household name and lacks the swagger of hedge fund managers such as Pershing...

  • SHANGHAI, Dec 1- China's share markets held a soft tone on Tuesday, hurt by weak factory activity despite the International Monetary Fund's decision to grant the yuan global reserve currency status. "Theoretically, the move would make yuan assets more attractive to global investors over the long term," said Samuel Chien, partner of hedge fund manager Shanghai...

  • SAO PAULO, Nov 30- André Esteves, the Brazilian billionaire financier who was arrested last week in a sweeping corruption investigation, tried to turn Grupo BTG Pactual SA into the largest independent investment bank in emerging markets. The same year, they bought back Banco UBS Pactual SA from UBS Group AG, merging the units into Grupo BTG Pactual SA.

  • SHANGHAI, Nov 27- China's securities regulator, the China Securities and Regulatory Commission, told its local branches to resolutely clean up illegal margin financing in wealth management products, a commission spokesman said in a press conference Friday. Illegal margin finance offered by non-bank lenders magnified the size the of China's equity...

  • SAO PAULO, Nov 26- Clients stepped up withdrawals from Grupo BTG Pactual SA's money management unit on Thursday, according to a source with knowledge of the bank's strategy, as Latin America's largest independent investment bank tries to contain fallout from the arrest of its top executive. Analysts have said redemptions at BTG Pactual pose no systemic risks...

  • SAO PAULO, Nov 26- Clients have withdrawn funds equivalent to about 3.5 percent of assets under management at Grupo BTG Pactual SA over the past two days, a source with knowledge of the bank's strategy on Thursday. Redemptions from BTG Pactual's asset management unit were around 1 percent of assets on Wednesday, when André Esteves, the chief executive and...

  • *Climate deal in Paris could shake up investment landscape. *Investors running $11 trillion lag on U.N.' s ESG principles. And yet, with a U.N. climate summit in Paris set to promote a switch to a low-carbon economy, data from the U.N. body urging investors and asset managers to give more weight to non-financial considerations, including the environment, shows a patchy...

  • BOSTON, Nov 25- In a setback for Franklin Resources Inc that could have implications for other asset managers, a U.S. regulator declined to let the California company skip a shareholder vote over its record on climate change, according to materials provided by activists on Wednesday. The decision by a U.S. Securities and Exchange Commission official should help...