GO
Loading...

Enter multiple symbols separated by commas

Diversified Financials Capital Markets

More

  • July 31- The founders of Vermillion Asset Management have left the firm after an exodus of investor cash left just $50 million in assets at its flagship fund, a person familiar with the matter said, in the latest upheaval at a big commodities fund amid a price rout. Andrew Gilbert and Chris Nygaard, who set up commodities hedge fund manager Vermillion 10 years ago,...

  • NEW YORK, July 31- A New York judge has narrowed the scope of a $100 million defamation lawsuit filed by billionaire hedge fund manager Louis Bacon against Canadian fashion designer Peter Nygård, part of a bitter dispute over neighboring properties they own in the Bahamas. In a decision made public on Friday, Justice Cynthia Kern in State Supreme Court in...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, after he joins the BoE's...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all financial links with his previous employer, hedge fund Brevan Howard, to avoid any accusations of a conflict of interest. Britain's finance ministry said this did not pose a conflict of interest. "As of August 31st I will have severed all financial and other ties...

  • Virtus beats 2Q profit forecasts Friday, 31 Jul 2015 | 7:45 AM ET

    HARTFORD, Conn. _ Virtus Investment Partners Inc. on Friday reported second-quarter profit of $9.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WisdomTree beats Street 2Q forecasts Friday, 31 Jul 2015 | 7:12 AM ET

    NEW YORK _ WisdomTree Investments Inc. on Friday reported second-quarter earnings of $24.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Three analysts surveyed by Zacks expected $81.2 million.

  • LONDON, July 31- A surge of takeover activity involving healthcare, financial and retail companies lifted the value of deals in July over $430 billion, making it the seventh-busiest mergers and acquisition month on record, Thomson Reuters data showed. JPMorgan- in second place- advised on 30 deals with a value of $116.1 billion, and third-ranked Morgan Stanley...

  • European shares edge higher, positive earnings help Friday, 31 Jul 2015 | 4:10 AM ET

    *UCB, BNP Paribas, Natixis up after results. *Engie falls on HSBC downgrade to "hold". Natixis rose 3.3 percent after reporting a 5 percent rise in net income for the second quarter, driven by a strong increase in asset management, insurance sales and private banking, as well as continued efforts to reduce its balance sheet and risky assets.

  • Hedge fund Elliott eyes fresh market turbulence Thursday, 30 Jul 2015 | 8:15 PM ET

    BOSTON/ NEW YORK, July 30- Paul Singer's $27 billion hedge fund Elliott Associates is worried about Europe's prospects and is bracing for fresh market turbulence. In a letter to investors dated July 23 and seen by Reuters on Thursday, the New York- based firm told clients that it has returned 2.8 percent in its Elliott Associates, L.P. and 2.2 percent in its Elliott...

  • Protestors target hedge fund holding Puerto Rico debt Thursday, 30 Jul 2015 | 4:54 PM ET

    NEW YORK, July 30- Protestors carrying a vulture puppet and chanting in Spanish marched outside the Park Avenue offices of a major holder of Puerto Rico's debt on Thursday to protest proposed austerity measures. The approximately 45 protestors from Hispanic community organizations slammed BlueMountain Capital Management, which holds Puerto Rico...

  • LONDON, July 30- Global work by regulators on whether big asset managers should face tougher rules because of their size has been put on hold to focus on their ability to cope in volatile markets, a task force set up for the Group of 20 leading economies said on Thursday. The Financial Stability Board had proposed a method for identifying large asset managers that...

  • LONDON, July 30- New Bank of England rate-setter Gertjan Vlieghe should reassure parliament that his ongoing financial link to one of the world's biggest hedge funds does not pose a conflict of interest, a senior legislator said on Thursday. Vlieghe will give up his partnership at Brevan Howard Asset Management, whose traders bet on interest rate moves, before...

  • HEDGE FUND MANAGER JOHN PAULSON DONATES $8.5 MILLION TO NEW YORK CITY CHARTER SCHOOL NETWORK.

  • The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...

  • NEW YORK, July 30- The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The arrival of Apple Inc, Facebook Inc and Google Inc over the past decade has...

  • LONDON, July 30- Hedge funds from Guernsey, Jersey and Switzerland should be allowed to serve investors across the 28 country European Union, the bloc's securities watchdog said on Thursday. The European Securities and Markets Authority also said it has not yet reached a view on whether hedge funds and other alternative investment funds from the United States...

  • BEIJING, July 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $76.6 billion by July 29, from $75.54 billion at the end of June, the foreign exchange regulator said on Thursday.

  • LONDON— Second-quarter profit at taxpayer-owned Royal Bank of Scotland rose 27 percent, it announced Thursday, but warned the cost of past scandals may continue to weigh on earnings. Net income for the period advanced to 293 million pounds from 230 million pounds a year earlier as the value of RBS's stake in U.S.-based Citizens Bank increased.

  • HONG KONG, July 30- China shares slid on Thursday after state media reported that banks were investigating their exposure to the stock market from wealth management products and loans collateralised with stocks. "The market has been struggling to hover above the water with investors taking to the sidelines to see if stability can be maintained in the market,"...

  • SHANGHAI, July 30- China stocks were mixed on Thursday after state media reported that Chinese banks were investigating their exposure to the stock market via wealth management products and loans backed by stock as collateral. China CSI300 stock index futures for August rose 0.3 percent, to 3,767, but remained in bearish territory at 157.23 points below the...