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Diversified Financials Capital Markets

  • SAO PAULO, July 20- Canada's Brookfield Asset Management Inc is in talks with Odebrecht SA to buy seven Brazilian highways operated by the conglomerate's transportation unit, two sources with knowledge of the matter said on Thursday. One of the largest is the Rota das Bandeiras, in Sao Paulo, Brazil's richest state. The conglomerate, as part of a $3.5 billion...

  • July 20- The California State Teachers Retirement System on Thursday reported a 13.4 percent net return on investment for the fiscal year ended June 30, marking the first time the public pension fund exceeded its target return since 2014.. The higher returns relieve some pressure for CalSTRS, the country's second-largest public pension fund with $208.7...

  • The gender gap: Women-led campaigns on crowdfunding platforms are hitting goals at a rate that’s higher than ventures started by men.

  • July 19- A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager with Credit Suisse, pleaded guilty in federal court in Alexandria, Virginia to conspiring to defraud...

  • July 19- You might want to make sure your hedge fund managers have lots of skin in the particular game you are playing alongside them. Hedge funds have long touted their willingness to invest alongside their clients, with some $400 billion of the $3 trillion hedge fund universe belonging to insiders and related parties. We find that funds with greater investment...

  • BOSTON, July 19- Blackstone Group has written the first check from its latest seeding fund, sources familiar with the matter said this week, committing $100 million in start-up capital to a new hedge fund run by a former TPG-Axon executive. The New York- based investor, one of the world's biggest alternative asset managers, funded Keita Arisawa's Hong Kong- based...

  • NEW YORK, July 19- After Morgan Stanley's wealth management business reported record quarterly revenue and hit the high end of its profit margin target on Wednesday, analysts wanted to know how sustainable those results are. Rising stock markets, another Federal Reserve interest rate increase and strong loan demand helped the business generate $4.2 billion...

  • **Shares of U.S. asset management company down 6.6 pct at $90.96 and on course for worst one-day performance since last June, when Britain voted to leave the EU. **NTRS misses Q2 profit estimates, hurt by higher compensation expenses that include severance fees. **Q2 revenue in line with Street estimates.

  • *Genoa- base group confirms 2017 guidance. MILAN, July 19- Italian rail-signalling company Ansaldo STS is looking for small acquisitions to offset a sector slowdown though it sees no quick solution to its row with activist funds holding almost a third of the group, its chief executive told Reuters. Owned by U.S. hedge fund manager Paul Singer, Elliott is vocal in...

  • NEW YORK— Investment bank Morgan Stanley said its second-quarter profit rose 11 percent from a year ago, and the bank's trading desks were able to outmaneuver its rivals in a quiet market. After the bank's major competitors— Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America— all reported declines in trading during the period, many expected the same from...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • WASHINGTON, July 19- Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump's companies to run a New York hotel. Reuters reported on April 26 that public pension funds in at least seven U.S. states periodically send...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in Luxembourg...

  • BOSTON, July 18- Fidelity's bets on unicorn companies, the rare private firm or startup that grows in value to at least $1 billion, put a dent in the stellar performance of some of the company's most popular mutual funds during the first half of 2017.. Fidelity disclosed this week, for example, how content-sharing company Pinterest Inc had an outsize impact on the...

  • Tudor Investment Corp. has been considering a move to a location closer to the commuter rail line to make it easier to travel back and forth to New York City, spokesman Patrick Clifford said. The firm has agreed to sell its 43- acre property in Greenwich to the private Brunswick School, which is across the street, Tudor Jones said. "This change would support easy...

  • NEW YORK, July 18- A fresh setback to U.S. The collapse of his fellow Republicans' push to overhaul or repeal Obamacare in the U.S. Senate again raised doubts in financial markets about Trump's ability to enact tax cuts and infrastructure spending. "The setback for Trump is a setback for the U.S. dollar," said Kathy Lien, managing director at BK Asset Management in New...

  • BOSTON, July 18- Fidelity's bets on unicorn companies, the rare private firm or startup that grows in value to at least $1 billion, put a dent in the stellar performance of some of the company's most popular mutual funds during the first half of 2017.. This week, for example, Boston- based Fidelity Investments showed how content-sharing company Pinterest Inc had an...

  • LONDON, July 18- Banks overtook tech stocks as the most overweight global sector in July, according to a copy of Bank of America Merrill Lynch's fund manager poll seen by Reuters, with' long Nasdaq' deemed the most crowded trade for the third straight month. The survey, which polled 207 asset managers with $586 billion under management, was carried out between July 7...

  • Overall revenue was roughly flat, however, as gains in investing and lending and asset management helped offset the trading slump, and the bank topped Wall Street earnings estimates. Goldman's revenue from trading fixed income, currency and commodities fell to $1.16 billion from $1.93 billion the same quarter a year earlier, when trading activity had surged...