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  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • TORONTO, Aug 25- Bank of Montreal on Tuesday reported that bad oil-and-gas loans increased sharply in the third quarter but profit topped market expectations on growth in its wealth management unit and personal and commercial banking. BMO's gross impaired loans from the oil-and-gas sector jumped fourfold to C $106 million in the quarter from C $26 million in...

  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • Aug 24- Mac Sykes, an analyst at asset management firm Gabelli& Co, spent Sunday evening, the second night of his summer vacation in New England, watching stock prices tank. While his wife and three kids spent Monday at the beach, Sykes was busy on calls, doing research and watching markets from Shanghai to New York dive. "Everybody was in the game today no matter where...

  • NEW YORK, Aug 24- The U.S. Patent and Trademark Office on Monday rejected an attempt by prominent hedge fund manager Kyle Bass to challenge two patents on Acorda Therapeutics Inc's flagship multiple sclerosis drug, Ampyra. Bass, founder of Dallas- based Hayman Capital Management, has said big companies were improperly extending patent protection in...

  • NEW YORK, Aug 24- DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the U.S. equity markets face another round of selling pressure. Gundlach, who runs Los Angeles- based DoubleLine Capital, which had $76 billion in assets under management as of June 30, said China's currency devaluation "was kind of the...

  • Aug 24- BlackRock Inc's chief investment officer of fundamental fixed income, Rick Rieder, believes the window for the U.S. Rieder, who manages BlackRock's unconstrained bond fund, the $31 billion Strategic Income Opportunities Fund, has predicted the Fed would start raising rates in September. BlackRock, the world's largest asset manager with $4.7 trillion...

  • Aug 24- U.S. stock indices were more than 2- percent lower in afternoon trade on Monday but were off the day's worst levels after a dramatic turnaround in shares of Apple helped boost sentiment. But by 2:20 pm, the Dow had recovered somewhat to trade down 362.12 points, or 2.2 percent at 16,097.63 as bargain hunters stepped in. But we are proceeding cautiously, "said...

  • Aug 21- Goldman Sachs Group Inc fund managers believe investors could pour $450 billion into money market funds that invest in U.S. government debt in response to new rules for the short-term funds, an executive told Reuters. Goldman Sachs joins other asset management firms in preparing for the rules, which are designed to protect investors from extreme market...

  • *Qatar, Kuwait join regional sell-off. DUBAI, Aug 20- Most Middle East stock markets fell on Thursday as oil prices and global emerging market equities extended their slump, but Saudi Arabia bounced off an eight-month low and edged up after dropping for seven sessions in a row. In a Reuters poll at the end of July, Middle East asset managers were most bearish on the...

  • SAO PAULO, Aug 18- Brazil's OAS Investimentos SA, whose parent company is under creditor protection, has so far received five proposals for a stake in infrastructure company Invepar, with bidders also looking to buy its environment services and oil drilling units, executives said on Tuesday. In June, Reuters reported that Canadian asset manager Brookfield...

  • Aug 18- JPMorgan Chase& Co is in advanced talks with U.S. regulators to pay more than $150 million to resolve allegations that it steered private-banking clients to its own products without proper disclosures, the Wall Street Journal reported, citing people familiar with the matter. U.S. Securities and Exchange Commission investigators have been examining...

  • NEW YORK, Aug 18- DoubleLine Capital's co-founder Jeffrey Gundlach warned on Tuesday that it might be premature for the U.S. The Los Angeles- based DoubleLine Capital had $76 billion in assets under management as of June 30. The DoubleLine Total Return Bond Fund, DoubleLine's largest portfolio by assets and run by Gundlach, had positive inflows in July.

  • LONDON, Aug 18- A relatively small group of hedge fund managers has placed a record bet on U.S. oil prices declining further in the months ahead. Hedge funds and other money managers had accumulated gross short futures and options positions totalling 163 million barrels in the main NYMEX light sweet crude contract by Aug. 11, according to data released by the...

  • Aug 18- Morgan Stanley's U.S.-based wealth management business is cutting the number of its foreign accounts to focus on its most profitable customers, a person familiar with the bank's thinking said. Smaller accounts will be served through a Morgan Stanley call center. Morgan Stanley will focus on working with customers in more profitable countries, mainly...

  • Hedge funds take fresh look at General Motors in Q2 Friday, 14 Aug 2015 | 6:13 PM ET

    BOSTON, Aug 14- Several prominent hedge fund managers made bigger bets on U.S. automaker General Motors during the second quarter, despite the company's battling a deadly ignition defect and tangling with shareholders over its stock price. Greenlight Capital's David Einhorn bought 7.9 million shares between April and the end of June, raising his investment...

  • NEW YORK, Aug 14- Top U.S. hedge funds made bullish bets on the energy sector in the second quarter even as companies' shares began a slide toward multi-year lows on concerns about oversupply, regulatory filings showed on Friday. Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second...

  • TORONTO, Aug 14- The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, reported a small quarterly investment loss as declines in equity and fixed income markets offset gains in other investments. The manager of Canada's public pension fund said net assets were C $268.6 billion as of June 30, that was up from C $264.6 billion as of March 31,...

  • BOSTON, Aug 14- Legendary investor Warren Buffett was not the only one to turn sweet on Precision Castparts Corp this summer. Buffett's plan to pay $32.3 billion for the Precision Castparts Corp, announced on Monday, helped push the stock price up nearly 19 percent this week, likely making for a handsome payoff for the funds that took new positions or raised stakes.

  • BOSTON, Aug 14- Top U.S. hedge funds added to their positions in Apple Inc during the second quarter, even as shares of the iPhone maker were flat during the period. Filings with the U.S. Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue Management added 860,000 Apple shares during the three months ended June 30, giving it 8.5...