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  • LONDON, July 27- Hedge funds are more bearish about the outlook for U.S. oil prices than at any time for almost five years, according to data from the U.S. Commodity Futures Trading Commission. Hedge funds and other money managers had a net long position in WTI-linked futures and options equivalent to just 118 million barrels of oil on July 21, down from a recent high...

  • BERLIN— Swiss bank UBS AG says its earnings leapt by 53 percent in the second quarter, helped by strong performances in equities trading and wealth management. UBS said Monday that its net profit for the April-June period was 1.21 billion francs, up from 792 million francs a year earlier. CEO Sergio Ermotti said he was pleased with the quarter and that UBS "...

  • TORONTO, July 24- Canadian mining-focused investment bank Edgecrest Capital has put itself on the auction block, hurt by a prolonged downturn in the natural resource sector that has hit fees and activity, according to two sources familiar with the situation. The move comes two years after Toronto- based Edgecrest, which is led by investment banker David Beatty,...

  • NEW YORK, July 24- The trustee liquidating the bankrupt brokerage unit of Jon Corzine's MF Global Holdings Ltd on Friday announced an agreement that would enable unsecured creditors to recoup nearly everything they are owed, and largely conclude the unit's nearly four-year liquidation. James Giddens, the trustee, said he would sell various claims held by the...

  • HONG KONG, July 24- Private equity firms KKR& Co and TPG Capital are making poor returns on their investment in China International Capital Corp, the country's oldest investment bank that is readying an IPO but has struggled to compete with younger rivals. CICC, formerly led by Levin Zhu, the' princeling' son of former Chinese premier Zhu Rongji, filed late on...

  • BEIJING, July 24- Investment managers who broke rules while losing money investing on the behalf of Chinese pension funds could be liable for the losses, a spokesman for the Ministry of Human Resources and Social Security said on Friday. Faced with a fast-aging population and a funding shortfall, China's pension funds are under pressure to improve their...

  • July 23- Asset manager Ares Management L.P said it would buy Kayne Anderson Capital Advisors for $2.55 billion to expand its investing expertise, especially in the energy sector. Ares said it will pay the majority of the deal consideration with Ares Operating Group units. Upon closing of the deal around Jan. 1, Kayne Anderson Chairman Richard Kayne and Ares Chief...

  • July 23- Asset manager Ares Management L.P. said that it would buy Kayne Anderson Capital Advisors for $2.55 billion. Ares said that it will pay majority of the deal consideration with Ares Operating Group Units. The combined company would have $113 billion of assets under management, Ares said.

  • Greenhill posts 2Q profit Thursday, 23 Jul 2015 | 5:42 PM ET

    NEW YORK _ Greenhill& Co. on Thursday reported second-quarter net income of $9.4 million. The bank, based in New York, said it had earnings of 30 cents per share. Keywords: Greenhill& Co., Earnings Report.

  • European shares set one-week low, Aberdeen AM leads Thursday, 23 Jul 2015 | 12:43 PM ET

    *Aberdeen Asset Management down after update. LONDON, July 23- European equities slipped to a one-week low on Thursday, with disappointing updates from companies including Aberdeen Asset Management and British energy supplier SSE pressuring their shares. Aberdeen Asset Management was the biggest decliner in the FTSEurofirst 300 index after the fund...

  • *Asset managers relieved at no one size fits all. LONDON, July 23- Managers of smaller investment funds in the European Union will be exempt from new curbs on pay in their industry, the bloc's markets watchdog said on Thursday, a move welcomed by investment managers. The European Securities and Markets Authority published proposals on how the curbs could work in...

  • "We are talking to retirement-aged clients and telling them that traditional investing won't work anymore," said Mike Sorrentino, chief investment strategist at Global Financial Private Capital, a Florida- based firm that manages more than $6 billion in assets. Investors who habitually bought bonds and bank certificates of deposit have to look elsewhere for...

  • European shares fall after U.S. data, Aberdeen AM leads Thursday, 23 Jul 2015 | 10:03 AM ET

    *Aberdeen Asset Management falls after update. LONDON, July 23- European equities fell in late trading on Thursday, with disappointing updates from companies including Aberdeen Asset Management and British energy supplier SSE putting pressure on their share prices. Aberdeen Asset Management was the biggest decliner in the FTSEurofirst 300 index.

  • July 23- Investment bank and asset manager Lazard Ltd reported a quarterly profit that handily beat analysts' estimate as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees, which account for 45 percent of Lazard's operating revenue, rose 17 percent to $273.2 million in the second quarter ended June. Some of the big deals...

  • Shares in Janus Capital Group fall as assets slip Thursday, 23 Jul 2015 | 7:09 AM ET

    DENVER— Janus Capital reported higher second-quarter net income and revenue on Thursday, helped by an increase in fees for managing investments. The Denver- based company reported net income of $43.1 million for the three months ending in June, up from $35.1 million a year ago. Investors' followed Bill Gross, the legendary bond investor, when he left Pacific...

  • Lazard adjusted profit jumps 53 pct Thursday, 23 Jul 2015 | 7:07 AM ET

    July 23- Investment bank and asset manager Lazard Ltd reported a 53 percent rise in quarterly adjusted profit as a jump in corporate dealmaking boosted M&A advisory fees. The company's adjusted net profit rose to $130.3 million, or 98 cents per share, in the second quarter ended June 30 from $85.4 million, or 64 cents per share, a year earlier. Lazard said M&A and...

  • *Accounted for 45 pct of Dubai's June trading volume. DUBAI, July 23- A surge in shares of Amlak Finance since they returned to Dubai's stock market last month has raised concerns about a new wave of unbridled speculation on one of the region's biggest exchanges. Amlak accounted for 45 percent of total traded value on Dubai's bourse in June, eclipsing much bigger...

  • HONG KONG, July 23- Credit Suisse Group's Asia chief on Thursday said the Swiss bank would consider raising headcount or buying a smaller peer to build up its private banking business, in a region where pretax profit doubled in the first half of this year. Asia is the world's fastest-growing private banking market, driven largely by China's growing economic...

  • *China stocks extend gains as market normalizes. South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained over how shipments to China might be affected by its slowing economy.

  • South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained about how shipments to China might be affected by its slowing economy. The MSCI's broadest index of Asia-Pacific shares outside Japan...