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  • BOSTON, Feb 6- Hedge fund Barington Capital said on Friday that it would nominate two independent candidates to Eastern Co's board to push the industrial hardware maker to improve its financial performance and boost its share price. Barington and other hedge funds, including Nelson Peltz's Trian Fund Management, Daniel Loeb's Third Point and William...

  • *Help to fill vacuum left by venture capital in Europe. LONDON, Feb 6- Some of Europe's wealthiest families are investing chunks of their cash in technology companies, bringing the benefits of long-term horizons to start-ups and filling a funding hole for the continent's fledgling Facebooks. "The sector is very important for them," said James Innes, a partner at...

  • BOSTON, Feb 6- Hedge fund Barington Capital said on Friday that it would nominate two independent candidates to Eastern Co's board to push the industrial hardware maker to improve its financial performance and boost its share price. Barington and other hedge funds, including Nelson Peltz's Trian Fund Management, Daniel Loeb's Third Point and William...

  • Family money puts its faith in European technology Friday, 6 Feb 2015 | 7:48 AM ET

    *Help to fill vacuum left by venture capital in Europe. LONDON, Feb 6- Some of Europe's wealthiest families are investing chunks of their cash in technology companies, bringing the benefits of long-term horizons to start-ups and filling a funding hole for the continent's fledgling Facebooks. "The sector is very important for them," said James Innes, a partner at...

  • Cash withdrawals totaled $150 billion from Pimco's U.S. open-end mutual funds in 2014. In January, investors pulled $11.6 billion from the Pimco Total Return Fund. 'said Mendel Melzer, chief investment officer for The Newport Group, a Heathrow, Florida- based consultant to institutional investors, including 400 retirement plans, with $21 billion in assets...

  • NEW YORK, Feb 5- Undaunted by the popularity and outperformance of index-tracking investments, mutual fund companies last year rolled out 193 new actively managed stock funds, many with some highly colorful concepts. Last year, passive funds brought in $166 billion in new investor dollars, while investors pulled $98 billion out of traditional funds run by...

  • UPDATE 1-LSE puts Russell Investments up for sale Thursday, 5 Feb 2015 | 12:55 PM ET

    LONDON, Feb 5- The London Stock Exchange Group said on Thursday it would sell Russell Investments, the asset management arm of the Frank Russell Co business which it acquired for $2.7 billion last year. The exchange beat a number of interested buyers, including the Canadian Imperial Bank of Commerce and a handful of private equity firms, sources told Reuters last...

  • LSE puts Russell Investments up for sale Thursday, 5 Feb 2015 | 12:28 PM ET

    LONDON, Feb 5- The London Stock Exchange Group said on Thursday it would sell Russell Investment, the asset management arm of the Frank Russell Co which it acquired for $2.7 billion last year. LSE said in a statement on Thursday it was launching a sale process, after already having received a number of expressions of interest in the unit. Reuters reported in January...

  • NEW YORK, Feb 5- SilverRange Financial Partners and the local union at the oil refinery in Come By Chance, Newfoundland, Canada, have come to an impasse over a new contract, and a mid-March strike looms unless the two sides can break the deadlock, the union's chief negotiator said Thursday. SilverRange is a New York- based merchant bank run by veteran energy traders,...

  • Feb 5- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted M&A advisory fees. Lazard's M&A and other advisory fees rose 17 percent to $297.2 million in the fourth quarter ended Dec. 31, from a year earlier. Among the deals Lazard advised on during the quarter were specialty...

  • Feb 4- Active investors are the hidden beneficiaries of the rise of index funds. Regardless of whether you believe in the value of active asset management, a new study of the global experience shows that the growth of index funds tends to make active funds more truly active and better performers. This finding is consistent with the idea that enhanced competition...

  • ZURICH, Feb 4- Swiss bank UBS is hiring former ING executive Eli Leenaars a vice-chairman of its flagship private bank, in a bid to win new clients among the ultra wealthy. "Eli has built up a substantial and worldwide network of contacts right across the industry which he is keen to leverage for UBS," UBS private bank head Juerg Zeltner wrote in a memo to staff on...

  • DIARY- Top Economic Events to Feb 17 Tuesday, 3 Feb 2015 | 7:01 PM ET

    CALIFORNIA- Andrew Gracie, Bank of England's executive director for resolution, speaks at the FIA-SIFMA asset management derivatives forum- 1200 GMT. COLUMBUS- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economy before the Ohio Bankers League annual economic summit- 1745 GMT. LONDON- Bank of England holds monetary policy...

  • Feb 3- DuPont has interviewed activist investment firm Trian Fund Management LP's slate of directors, including its founder Nelson Peltz, according to people familiar with the matter, a step that could lead to a compromise with the chemical company over the composition of its board. Trian has put John Myers, Arthur Winkleblack, Robert Zatta and Peltz forward for...

  • Feb 3- Activist investor Mick McGuire said Tuesday Lear Corp's stock price could surge by nearly 50 percent if the auto supplier splits into two publicly traded companies, a proposal that Lear's management said it was considering. McGuire's $3- billion hedge fund Marcato Capital Management, which owns 4.6 percent of Lear's shares, proposed dividing the auto...

  • NEW YORK, Feb 2- DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, whose co-founder Bill Gross was fired last year, on Monday reported a monthly record net inflow in January of $3.04 billion. The Los Angeles- based firm, whose co-founder Jeffrey Gundlach is Gross's fiercest rival in the bond market, said the previous strongest...

  • RIYADH/ KHOBAR, Saudi Arabia, Feb 2- Several of Saudi Arabia's largest listed companies said on Monday they would pay out hundreds of millions of dollars in bonuses, days after the new king ordered a handout to Saudi state employees to mark his accession. Saudi Arabia has sold minority stakes in big state firms and listed them on its bourse partly to expose them to...

  • ZURICH, Feb 2- Swiss bank Julius Baer plans to cut around 100 million Swiss francs of costs, including about 200 jobs, it said on Monday, blaming the recent surge in the Swiss currency. Private bank Julius Baer, which employs around 5,250 staff worldwide, said it aimed to cut both personnel and general costs. Zurich- based Baer said adjusted net profit in 2014 rose 22...

  • Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 10:13 AM ET

    Blackstone reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.

  • Oil demand is still strong Friday, 23 Jan 2015 | 5:40 AM ET
    Oil demand is still strong

    At Davos, Hendrik du Toit, CEO of Investec Asset Management Ltd discusses Saudi Arabia and his own predictions when it comes to oil prices.