Diversified Financials Capital Markets

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  • 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...

  • Assistant Public Defender Mark Gombiner said it was a "sad story" that his client, Sean Stewart, was on trial because his father, Robert Stewart, "ended up betraying his son." Attorney Brooke Cucinella said the government will prove Sean Stewart gave insider tips to his father in advance of five separate mergers and acquisitions of healthcare companies over four...

  • BOSTON, July 27- Billionaire investor Steven A. Cohen is committing $250 million to a Boston- based investment firm that lets scientists, developers and students submit computerized investment models and then picks the most promising ones to manage the money. Quantopian, a hedge fund that makes investments with the help of algorithms submitted by thousands of...

  • BEIJING, July 27- China is considering rules to restrict investments by small banks in the country's $3.5 trillion wealth management product industry, draft rules seen by Reuters show, as concerns rise they are taking increasing risks. Draft rules from the China Banking Regulatory Commission, seen by Reuters on Wednesday, target riskier assets most often...

  • SHANGHAI, July 27- China stocks closed sharply lower on Wednesday, with major indexes suffering their worst daily losses in six weeks, as investors sold off on worries that regulatory changes are coming. That appeared to add force to media reports that regulators were preparing to restrict China's vast retail wealth management sector from buying stocks.

  • ZURICH, July 27- Swiss private bank EFG International is on track to complete a planned takeover of embattled wealth manager BSI in the fourth quarter, it said on Wednesday after posting a 53.5 percent drop in first-half net profit. Zurich- based EFG agreed in February to buy Grupo BTG Pactual SA's Swiss private banking unit BSI as it aims to become one of...

  • LONDON, July 26- Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. Hedge funds increased their short positions in NYMEX WTI futures and options from 53 million barrels on May 31 to 141 million barrels on July 19, anticipating a further drop in prices.

  • NEW YORK _ Greenhill& Co. on Tuesday reported second-quarter profit of $19.6 million. The New York- based company said it had earnings of 62 cents per share. Keywords: Greenhill& Co., Earnings Report.