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  • MILWAUKEE _ Artisan Partners Asset Management Inc. on Monday reported second-quarter earnings of $18.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Artisan Partners shares have decreased 22 percent since the beginning of the year.

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a request to invest 500 million euros in bad bank loans as Rome works to build a safety-net around Italy's No. 3 lender Monte dei Paschi ahead of European bank stress tests. The Tuscan bank, which has one of the heaviest bad loan burdens in Italy, is likely to be found short of capital under an adverse...

  • CANADIAN HEDGE FUND WEST FACE MAY ALSO PRESS FOR CORPORATE GOVERNANCE CHANGES AT SUNOPTA- SOURCES.

  • The announcement Monday by Auditor General Eugene DePasquale came four days after federal prosecutors announced charges against ex-state Treasurer Barbara Hafer and Richard Ireland, whose firm marketed the services of private investment managers and shared in the fees. PSERS reported $455 million in investment fees in its 2015 fiscal year, SERS...

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a government request to pour money into a bank bailout fund at a meeting on Monday, days before European stress tests are expected to show the country's third-largest lender is in need of urgent capital. Monte dei Paschi, Italy's third-biggest bank by assets, is likely to be found short of capital...

  • July 25- E* Trade Financial Corp said it would buy the parent of online brokerage OptionsHouse for $725 million in cash, as the company looks to better compete in derivatives trading. Chicago- based OptionsHouse currently operates 154,000 customer accounts and has $3.6 billion in customer assets, including $1.4 billion in cash. OptionsHouse is an indirect...

  • July 25- E* Trade Financial Corp said on Monday it would buy the parent of online brokerage OptionsHouse for $725 million in cash. E* Trade, which operates a discount broker-dealer and a bank, said it intends to help finance the deal by issuing up to $400 million of preferred stock. The deal for Aperture New Holdings Inc is expected to close in the fourth quarter, the...

  • LONDON, July 25- Hedge funds have been liquidating their former record bullish position in crude futures and options putting downward pressure on oil prices in recent weeks. Hedge funds and other money managers cut their net long position in Brent and WTI futures and options by 31 million barrels to 453 million in the week ending on July 19.

  • NEW YORK, July 25- A quarter of rich U.S. investors are so concerned that the U.S. presidential race will hurt share prices that they are considering pulling out of the stock market entirely, according to a survey by UBS AG Wealth Management Americas. Republican candidate Donald Trump has promised to dismantle financial reform laws, force Canada and Mexico to...

  • July 25- SunEdison Inc's unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company by its bankrupt parent. Brookfield Asset Management and Appaloosa said in a regulatory filing on Friday that they would jointly bid for SunEdison's stake in TerraForm Power.

  • *Indonesia seeks to boost revenues via tax amnesty bill. *About $200 bln of Indonesian assets are in Singapore. Around $200 billion of Indonesian money that may not have been declared to the tax authorities in Jakarta has been squirreled away in Singapore, according to private banking sources.

  • A report in Monday's editions of the newspaper quoted Jackie Hunt, Allianz's new asset management chief, as saying Pimco and Europe's biggest insurer both saw a need for a closer relationship. She oversees asset managers at Pimco and Allianz Global Investors, as well as Allianz's U.S. life insurance business. Last week, Pimco appointed a new chief executive...

  • Norman Seabrook, the Correction Officers' Benevolent Association's ex-president, and Murray Huberfeld, a longtime associate of hedge fund manager Platinum Partners, pleaded not guilty to conspiracy and honest services wire fraud charges in Manhattan federal court. Prosecutors said Seabrook, 56, accepted a $60,000 bribe in 2014 orchestrated by Huberfeld,...

  • BEIJING, July 22- China's sovereign wealth fund China Investment Corp reported a 17 percent decline in net profit last year, its lowest profit since 2011, hit by negative returns on overseas investments and huge foreign exchange losses, it said on Friday. Net profit was $73.9 billion in 2015, down from $89.1 billion a year earlier, the fund said in the annual...

  • NEW YORK, July 21- A former employee of Western Asset Management Co avoided prison Thursday for repeatedly accessing an ex-supervisor's email account after leaving the financial firm, conduct his attorney blamed on a concern that he was being criticized. Kristopher Rocchio, 39, was sentenced by U.S. Magistrate Judge Henry Pitman in Manhattan to one year of...

  • NEW YORK, July 21- Blackstone Group LP, the world's biggest alternative asset manager, posted stronger-than-expected earnings on Thursday as gains in property holdings and rebounding oil prices offset losses from Britain's shock decision to leave the European Union. The gains came despite a modest drag on investments after Britain stunned the world on June...

  • Jason Galanis, 46, of Los Angeles, admitted to securities fraud, investment adviser fraud, and two conspiracy charges at a hearing before U.S. The case is one of two pending against Jason Galanis, who was nicknamed "Porn's New King" by Forbes magazine in 2004 after buying the nation's largest processor of credit card payments for internet pornography.

  • NEW YORK, July 21- An investment banker once dubbed "Porn's New King" and accused of engineering a scheme with his father and two brothers to reap illegal profits by manipulating a reinsurer's stock price pleaded guilty to fraud charges on Thursday. Jason Galanis, 46, of Los Angeles, admitted to securities fraud, investment adviser fraud, and two conspiracy...

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.