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  • SAN FRANCISCO, June 16- The funding status of U.S. public worker pension plans remained nearly unchanged in 2015, according to a new study. State and local pension plan funding rose from 73 percent in 2014 to 74 percent in 2015, based on actuarial valuations, according to a study released on Thursday by the Center for Retirement Research at Boston College.

  • TOKYO, June 16- Japan's Nikkei share average dropped on Thursday morning tracking Wall Street after the U.S. "There are few positive events to look forward to right now, so investors are on the sidelines," said Masashi Oda, general manager at strategic investment department at Sumitomo Mitsui Trust Asset Management. Analysts also said that worries that Britain...

  • NEW YORK, June 15- When Charles Schwab Corp customers call in, there is one thing they consistently seek: Help. The firms spoke at a time when many in the industry are watching the rise of robo-adviser companies like Betterment LLC and Wealthfront Inc, which rely heavily on automated investment tools. Speaking at the summit on Tuesday, Betterment Chief Executive...

  • *U.S. says Sanjay Valvani got tips leaked from within FDA. NEW YORK, June 15- A Manhattan hedge fund manager was charged on Wednesday with trading on confidential tips about drug approvals, in one of the biggest insider trading cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them. Attorney Preet Bharara in Manhattan accused Sanjay...

  • LONDON, June 15- Activist investors Carl Icahn and John Paulson are making American International Group more transparent through their representation on its board, the U.S. insurer's president and chief executive Peter Hancock said on Wednesday. Hedge fund manager Paulson and Samuel Merksamer, a managing director at Icahn Capital, joined the AIG board last...

  • NEW YORK, June 15- A portfolio manager at hedge fund Visium Asset Management LP was criminally charged on Wednesday with insider trading, in one of the biggest such cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them. Attorney Preet Bharara in Manhattan accused Sanjay Valvani of fraudulently making at least $25 million off tips from...

  • NEW YORK, June 15- The asset management sector "needs consolidation" and has the potential for "quite a bit" of merger and acquisition activity, BlackRock Inc Chief Executive Officer Laurence Fink said at an investor day meeting in New York. Fink said he did not "see a need" for BlackRock to buy any firms in the United States or Europe, but left open the possibility of...

  • NEW YORK, June 15- A portfolio manager at hedge fund Visium Asset Management LP was criminally charged on Wednesday with insider trading, in one of the biggest such cases since a 2014 court ruling made it harder for prosecutors to pursue them. Attorney Preet Bharara in Manhattan, whose office announced the charges, accused Sanjay Valvani of trading on tips from a...

  • June 15- BlackRock Inc is introducing its first U.S.-listed exchange-traded fund providing access to mainland Chinese markets, the world's largest asset manager said on Wednesday. The debut of the New York- based company's iShares MSCI China A ETF comes the day after index provider MSCI Inc said it would not add some Chinese-listed stocks, known as "A shares," to...

  • NEW YORK, June 14- U.S. index provider MSCI Inc on Tuesday declined to add domestic Chinese stocks to one of its key benchmarks, concluding that Beijing had more work to do in liberalizing capital markets and delivering a blow to Chinese policymakers hoping to broaden the appeal of their currency. Inclusion could eventually prompt asset managers, pension funds...

  • NEW YORK, June 14- U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an investment from a New York city union. New York- based Platinum told investors on a conference call on Tuesday that recent negative media attention and...

  • NEW YORK, June 14- Jeffrey Gundlach, the chief executive officer at DoubleLine Capital, said on Tuesday that investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks. Safe-haven German Bund yields fell below zero on Tuesday for the first time and global equity markets slid...

  • NEW YORK, June 14- SkyBridge Capital, a big investor in hedge funds, cut its stakes in portfolios managed by Daniel Loeb and John Paulson and exited funds of other prominent investors in the first quarter, a U.S. regulatory filing showed. The pullback was the largest at Loeb's $16.5 billion hedge fund Third Point, which a year ago had managed about 10 percent of the...

  • NEW YORK, June 14- Platinum Partners, the hedge fund firm linked to a New York City corruption scandal, is returning a majority of its assets to clients, according to a person familiar with the situation. New York- based Platinum told investors on a conference call on Tuesday that recent negative media attention and requests for the return of capital had forced it...

  • LONDON, June 14- Oil fell for a fourth day on Tuesday, swept lower by investor nervousness over next week's vote on Britain's possible European Union exit, which overshadowed signs of a return to health for crude prices. Safe-haven German Bund yields fell below zero for the first time while industrial commodities and equity markets, seen as more vulnerable to...

  • LONDON, June 14- Oil fell on Tuesday, as investor nervousness over next week's vote on Britain's possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices. Perceived safe-haven assets such as the Swiss franc and German Bunds rallied, while industrial commodities and equity markets, seen as more vulnerable to...

  • LONDON, June 14- Oil fell on Tuesday, as investor nervousness over next week's vote on Britain's possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices. Perceived safe-haven assets such as the Swiss franc and German Bunds rallied, while industrial commodities and equity markets, seen as more vulnerable to...

  • TOKYO, June 14- Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit. A stronger dollar overnight spilled into the oil market, while markets eyed recent polls showing Britain's "...

  • TOKYO, June 14- Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit. A stronger dollar overnight spilled into the oil market, while markets eyed recent polls showing Britain's "...

  • TOKYO, June 14- Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit. A stronger dollar overnight spilled into the oil market, while markets eyed recent polls showing Britain's "...