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  • July 29- Credit Suisse Group AG, which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with company founders and entrepreneurs, according to an internal memo reviewed by Reuters on...

  • TOKYO, July 29- Japan's public pension fund racked up losses of 5.3 trillion yen from its investments last fiscal year, its first full-year loss in five years, as the world's largest pension fund continued its efforts to diversify into riskier assets. The Government Pension Investment Fund's loss for the year through March was due to sharp falls in Japan's stock...

  • The dollar last traded at 103.28 yen, down 1.8 percent. Spot gold eased by 0.1 percent at $1,333.33 an ounce at 0740 GMT, on track for its second straight session of monthly gains, and was headed for its first weekly gain in three. "Maybe at this moment, the BOJ's decision is a bit supportive for gold," said Dominic Schnider of UBS Wealth Management in Hong Kong.

  • TOKYO, July 29- Japan's Government Pension Investment Fund, the world's largest pension fund, reported 5.3 trillion yen losses from its investments last fiscal year, its first full-year loss in five years. The loss for the year through March was due to sharp falls in Japan's stock market amid broader global market turmoil sparked by volatility in Chinese...

  • SHANGHAI, July 29- Chinese bond yields fell on Friday on news that regulators were planning to tighten rules on wealth management flows into equities, and as liquidity continued to return to the market after a sharp correction in the second quarter. Treasuries were flat for the week but a further rebound was seen in short-term debt, which was hammered during an...

  • China CSI300 stock index futures for August were flat at 3,193.6, 24.18 points below the current value of the underlying index and suggesting investors are expecting further losses. Among other moves, China is considering rules to restrict investments by small banks in the $3.5 trillion wealth management product industry, draft rules seen by Reuters...

  • NEW YORK, July 28- Fortress Investment Group said on Thursday it plans to shut its Fortress Centaurus Global hedge funds, continuing the firm's move away from hedge funds that invest in liquid, or easy to trade, assets such as stocks. The Centaurus funds, which managed $182 million in assets as of June 30, use a so-called global event driven strategy, betting on...

  • NAPERVILLE, Ill. _ Calamos Asset Management Inc. on Thursday reported second-quarter net income of $224,000. Calamos Asset Management shares have decreased 28 percent since the beginning of the year. Keywords: Calamos Asset Management, Earnings Report.

  • *Q2 adj EPS $0.61 vs est $0.58. Both asset management and M&A advisory revenue fell in the second quarter, as uncertainty stemming from Britain's vote to leave the European Union and volatile oil prices kept investors and companies on the sidelines. Lazard's revenue from M&A and other advisory fell 25.5 percent to $203.4 million, while asset management revenue...

  • *Q2 adj EPS $0.61 vs est $0.58. Both asset management and M&A advisory revenue fell in the second quarter as investors and companies stayed on the sidelines due to the uncertainty stemming from Britain's vote to leave the European Union and fluctuating oil prices. Lazard's revenue from M&A and other advisory fell 25.5 percent to $203.4 million, while asset...

  • July 28- Financial advisory and asset management firm Lazard Ltd's quarterly profit fell 78.5 percent from a year earlier, when the company had an income tax gain of $1.2 billion. Net income attributable to Lazard fell to $80.4 million, or 61 cents per share, in the second quarter ended June 30 from $374.1 million, or 2.82 cents per share, a year earlier.

  • NEW YORK, July 27- Investors reeling from several quarters of declines from U.S. energy companies are optimistic that a recent oil rebound may help boost results of exploration and production companies reporting in the coming days. "The big question of course is oil prices," said Mike Breard, analyst at Hodges Capital Management in Dallas, Texas.

  • BEIJING, July 28- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $81.38 billion at the end of July, from $81.18 billion at the end of June, the foreign exchange regulator said on Thursday.

  • SHANGHAI, July 28- China stocks closed up on Thursday as rises in auto stocks and industrials offset declines in financials resulting from news of a pending crackdown on stock investments by China's massive wealth management industry.

  • China is considering restricting investments by small banks in the rapidly growing $3.5 trillion wealth management product industry, draft rules seen by Reuters showed, as concerns grow that they are taking increasing risks. "The move is expected to slow cash inflows into the stock market, although details of how the curbs will be implemented are still void,"...

  • SHANGHAI, July 28- China's share indexes fell in early trade on Thursday, extending a slump from the previous session, on news that Chinese regulators are planning a clampdown on wealth management products to curb risks to the banking system. China is considering rules to restrict investments by small banks in the $3.5 trillion wealth management product...

  • NEW YORK, July 27- Investors reeling from several quarters of declines from U.S. energy companies are optimistic that a recent oil rebound may help boost results of exploration and production companies reporting in the coming days. "The big question of course is oil prices," said Mike Breard, analyst at Hodges Capital Management in Dallas, Texas.

  • In an election year featuring Hillary Clinton and Donald Trump this finding raises some interesting questions. From December 2008 to September 2009 funds identified as run by Democrat managers beat those run by Republicans by 72 basis points per month, an unusually large margin over an otherwise unrepeated period. The difference in performance by hedge...

  • BOSTON, July 27- Stephen Blyth, who was appointed to oversee Harvard University's endowment only 18 months ago, has resigned, the Ivy League school said on Wednesday, creating further uncertainty about the management of its $37.6 billion pool of funds. Blyth, 48, was tapped as investment chief in late 2014 as it become more apparent that the Harvard's investment...

  • CAMBRIDGE, Massachusetts— The chief of Harvard University's $37 billion endowment is resigning after less than two years at the helm. Harvard Management Company, the university's investment arm, announced on Wednesday that President and CEO Stephen Blyth will resign immediately for unspecified personal reasons. Robert Ettl was named interim CEO during...