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  • EXCLUSIVE: APEX CAPITAL CIO DEPARTS TO LAUNCH TECH-FOCUSED HEDGE FUND- LETTER.

  • NEW YORK, Feb 9- Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday. District Judge William Pauley in Manhattan said former GFI Chairman Michael Gooch, former Chief...

  • People enter the building of the Swiss bank UBS in Midtown Manhattan

    UBS has reacted to the financial market turbulence by freezing salaries for its investment bankers until at least mid year. The FT reports.

  • Feb 9- Closely followed oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as weak global markets extended last year's gloom that cost the hedge fund its biggest- ever annual loss of 36 percent, according to monthly data from the fund. Assets under management at Connecticut- based Astenbeck declined by about $100 million to $2...

  • Feb 9- The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its nosedive on Tuesday to touch another record low as slowing activity, especially from China, took its toll. "China's slowdown has had a dramatically negative impact on dry bulk, leading freight rates, asset values and forward expectations to...

  • *Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever on Tuesday. * "There is a high probability of a further correction in equity prices, led by banking and energy stocks," said Lorne Baring, managing director of B Capital Wealth Management, adding that looming...

  • Feb 9- Prominent oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as tottering global markets extended last year's gloom that cost the hedge fund its biggest annual loss of 36 percent. The epicenter of January's market anxiety was China, and the U.S. The January loss caused assets under management at the Southport, Connecticut-...

  • ASTENBECK ASSETS UNDER MANAGEMENT AT $2 BLN AT END-JAN, DOWN FROM $2.1 BLN IN DECEMBER- INVESTOR LETTER.

  • OIL BULL ANDY HALL'S ASTENBECK HEDGE FUND DOWN 4 PCT IN JAN, EXTENDING LAST YEAR'S 36 PCT DECLINE- INVESTOR LETTER.

  • NEW YORK, Feb 8- Investors pulled $14 million from the Janus Global Unconstrained Bond Fund, run by closely followed investor Bill Gross, in January, according to Morningstar data on Monday. "The fund continues to struggle to bring in new money even as investors sought out fixed-income products in January amid market uncertainty," said Todd Rosenbluth, director of...

  • NEW YORK, Feb 8- Pernix Therapeutics Holdings Inc, a U.S. specialty pharmaceutical company, is exploring strategic alternatives, including a potential sale, people familiar with the matter said on Monday. The Morristown, New Jersey- based drugmaker is working with investment bank Perella Weinberg Partners LP, the people said. Pernix shares jumped as much as 17...

  • NEW YORK, Feb 8- Investment bank Houlihan Lokey said on Monday that Gregg Feinstein, its U.S. head of mergers and acquisitions, had died. M&A business will be overseen by global head Steven Tishman in the interim, according to a person familiar with the matter. Feinstein worked on the recapitalizations of Trump Hotels& Casino Resorts and luggage maker Samsonite...

  • MILAN/ LONDON, Feb 8- European shares closed at their lowest level in more than two years on Monday with investor concerns over the health of the region's banks compounding worries over slowing global growth. The pan-European FTSEurofirst 300 index closed down 3.4 percent at 1,239.68 points, its lowest since October 2013. Shares in Deutsche Bank fell 9.5...

  • Feb 8- Wall Street was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • MILAN/ LONDON, Feb 8- European shares touched a 16- month low on Monday with investors rattled over a slowdown in global economic growth and newly concerned about the region's banking sector. The pan-European FTSEurofirst 300 index was down 3.1 percent at 1,243.21 points by 1521 GMT, its lowest level since October 2014. Shares in Deutsche Bank fell 6.5 percent,...

  • Feb 8- Wall Street was set to open lower on Monday, continuing a technology-led selloff from Friday, as fears of a global economic slowdown worsening and dropping oil prices continue to rattle investors. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • *FTSEurofirst 300 index falls 2.5 percent. LONDON, Feb 8- European equities fell to a 16- month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off. The FTSEurofirst 300 index of top European shares fell 2.5 percent to 1,250 points by 1252 GMT, its lowest intraday...

  • LONDON, Feb 8- European equities hit a 16- month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off. The FTSEurofirst 300 index of top European shares fell 2.1 percent to 1,256.30 points by 1004 GMT, after falling down to 1,252.24 points, its lowest level since...

  • China FX reserves fall almost $100B in January Sunday, 7 Feb 2016 | 5:25 AM ET

    China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.

  • BEIJING, Feb 7- China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. China's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed, but higher than the median forecast of $3.20...