Capital Markets Asset Management and Custody Banks

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings Inc to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if it improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a Aug. 17 letter to James Damian, the chairman of the...

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if it improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a letter to the chairman of the company's board that he...

  • PARIS, Aug 17- Canada's Brookfield Asset Management has signed a preliminary contract to buy Brazilian engineering conglomerate Grupo Odebrecht's 70 percent stake in water and sewage group Odebrecht Ambiental, an industry source told Reuters on Wednesday. Odebrecht S.A. will cash out 3.4 billion real, he added. Odebrecht Group will retain the right to...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • ZURICH, Aug 17- Swiss private bank Falcon has been blocked from taking on new business in Singapore by the local central bank and financial regulator, Swiss newspaper Finanz und Wirtschaft said on Wednesday, citing information it had obtained. Falcon is one of the banks under investigation by the Monetary Authority of Singapore for a possible breach of...

  • HONG KONG, Aug 17- A plan to connect the giant stock markets of Shenzhen and Hong Kong offers global investors tempting access to China's fast-growing tech sector, but high valuations and a reputation for wild speculation are likely to keep many buyers at bay, money managers said on Wednesday. "Investors aren't very enthusiastic about Shenzhen because the...

  • *As rates come down in Asia, bond yields tumble. SINGAPORE, Aug 17- As returns on traditional assets have nosedived or turned more volatile in Asia, conservative investors such as pension funds and insurers have been pouring cash into alternative investments that bring the yield they need, but at significantly higher risk. Many countries in Asia only started to...

  • ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference- 1700 GMT. THURSDAY, AUGUST 18 ANCHORAGE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on the economic outlook at a luncheon hosted by...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions. Samuel Mebiame, who authorities say worked as a "fixer" for the joint venture and one of its mining companies, was charged in a criminal complaint...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions.

  • BOSTON, Aug 16- Billionaire hedge fund manager Paul Tudor Jones on Tuesday laid off roughly five dozen employees, or about 15 percent of his workforce, a person familiar with the moves said on Tuesday, in the wake of poor returns and investor redemptions. The cuts were made across the board at Tudor Investment Corp, which oversees roughly $11 billion for wealthy...

  • Chris Christie has signed legislation that would bar the state's public pension fund from investing with companies that boycott Israel or Israeli businesses. "Israel is the beacon of democracy in a region that is constantly in turmoil," Christie said. Christie said New Jersey does $1.3 billion in trade with Israel every year and called the Middle Eastern...

  • In an agreement with the SEC in January, Cohen was barred for two years from managing other people's money. Federal prosecutors had accused SAC Capital, one of the biggest and most successful hedge funds, of engaging in illegal insider trading on an epic scale, saying its founder and owner Cohen enabled the misconduct. SAC Capital agreed in 2013 to plead guilty to...

  • Aug 15- ValueAct Capital Management LP took a 1.98 percent stake in Morgan Stanley, regulatory filings showed on Monday, drawn by the Wall Street bank's shift towards stable, fee-based businesses like wealth management.'. The San Francisco- based activist hedge fund said the market did not fully appreciate the transformation of Morgan Stanley's business since...

  • TUESDAY, AUGUST 16 KNOXVILLE, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference- 1700 GMT.

  • Donald "Jay" Lathen, Jr., who manages Eden Arc Capital Management LLC, was charged with fraud after putting the patients' names on joint brokerage accounts, along with his own, so he could buy bonds for his fund and profit by selling them back to issuers when the patients died, according to a U.S. Securities and Exchange Commission complaint. The fund could not legally be...

  • Donald "Jay" Lathen, Jr., who manages Eden Arc Capital Manager LLC, was charged with fraud after putting the patients' names on joint brokerage accounts, along with his own, so he could buy bonds for his fund and profit by selling them back to issuers when the patients died, according to a U.S. Securities and Exchange Commission complaint. The fund could not legally be a...

  • NEW YORK _ CIFC Corp. on Monday reported second-quarter earnings of $17.6 million. CIFC shares have climbed 23 percent since the beginning of the year. Access a Zacks stock report on CIFC at http://www.zacks.com/ap/CIFC.

  • John Griffin's Blue Ridge Capital, Andreas Halvorsen's Viking Global Investors each slashed their firm's stakes in Allergan by more than half after news broke that Pfizer was walking away from the deal, according to so so-called 13 F regulatory filings released on Monday. Senator Investment Group and Jana Partners yanked their money from Pfizer.