Diversified Financials Capital Markets

  • 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- Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported stronger-than-expected quarterly earnings growth on robust real estate investment returns and rebounding energy prices. Blackstone said economic net income, a key metric for U.S. private equity firms that accounts for unrealized gains or losses in...

  • Headquartered in Pittsburgh, Pennsylvania, F.N.B. has about $20 billion in assets and 300 branches in Pennsylvania, Maryland, Ohio and West Virginia. It provides commercial and consumer banking and wealth management solutions led by its largest affiliate, First National Bank of Pennsylvania. Raleigh, North Carolina- based Yadkin serves over 130,000...

  • NEW YORK, July 21- Blackstone Group LP, the world's largest alternative asset manager, reported higher-than-expected economic net income of 44 cents per share for the second quarter, helped by strong real estate investments and a rebound in energy prices. Blackstone said on Thursday its second-quarter ENI was up 2 percent from a year earlier.

  • *Wall Street headhunters get calls from European banks. LONDON/ NEW YORK July 18- Market ructions caused by Britain's decision to leave the European Union are set to widen the gulf between Wall Street and European investment banks, potentially leaving the continent without its own global champion. Since Britain's vote to leave the European Union, some...

  • ZURICH, July 21- Swiss private bank Falcon is cooperating with Singaporean investigators who are looking into banks' ties to scandal-hit Malaysian state fund 1 MDB, it said on Thursday. "With reference to the ongoing investigations by the Monetary Authority of Singapore on 1 MDB-linked institutions and the statement released today, we would like to reiterate...

  • SYDNEY, July 21- Australia's antitrust watchdog on Thursday gave the green light to a A $9.1 billion buyout of rail freight giant Asciano Ltd by a global consortium led by Canada's Brookfield Asset Management Inc.. The Australian Competition and Consumer Commission had been concerned the deal would give Asciano's new owners, which include Australian...

  • KUALA LUMPUR/ NEW YORK, July 20- U.S. federal prosecutors have filed civil lawsuits seeking to seize assets worth more than $1 billion, allegedly stolen from Malaysian state fund 1 MDB, which was overseen by Prime Minister Najib Razak. They include allegations that $681 million from a 2013 bond sale by 1 MDB was transferred to the account of "Malaysian Official 1,"...

  • ATTORNEY GENERAL LYNCH SAYS A NUMBER OF CORRUPT OFFICIALS TREATED MALAYSIA STATE FUND AS THEIR PRIVATE BANK ACCOUNT.

  • TORONTO, July 20- Canada's main stock index set an 11- month high on Wednesday as oil prices turned higher and financial and energy shares advanced, offsetting losses for gold stocks as the precious metal fell. Financials rose 0.6 percent, including a 0.7 percent gain for Royal Bank of Canada to C $80.49. Brookfield Asset Management Inc rose 0.6 percent to C $45.90.

  • *Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left the fund manager in 2014..

  • Mark Burgess, Chief Investment Officer EMEA and global head of equities at the firm, said there were a number of headwinds facing the UK economy as it detaches itself from the European Union over the coming years. This would likely reduce economic activity in the UK and impact domestic profits. The asset manager reduced its exposure to "neutral" from "overweight" in...

  • July 20- Wall Street investment bank Morgan Stanley reported a lower, but better-than-expected, adjusted second-quarter profit on Wednesday, helped by a decline in expenses. The bank said its net income attributable to common shareholders was $1.43 billion, or 75 cents per share, in the quarter ended June 30. Morgan Stanley, which is in the midst of a $1 billion...

  • *Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014..

  • *Roman to replace Douglas Hodge on Nov. 1. Roman will take over asset manager PIMCO on Nov. 1, Man Group said on Wednesday, replacing the incumbent Douglas Hodge. Luke Ellis will succeed Roman as chief executive officer of Man Group, the company said in an exchange filing.

  • SAN FRANCISCO, July 19- The California State Teachers' Retirement System reported on Tuesday an investment return of 1.4 percent for its fiscal year ending June 30, underperforming the system's assumed rate of return of 7.5 percent. The country's second largest public pension fund, known as CalSTRS, reported that the past fiscal year was marked by volatile...

  • SAN FRANCISCO, July 19- The California State Teachers' Retirement System reported on Tuesday an investment return of 1.4 percent for its fiscal year ending June 30, underperforming the system's assumed rate of return of 7.5 percent.

  • LONDON, July 19- One of the biggest investors in Britain, Fidelity International, threw its weight on Tuesday behind a plan from Theresa May to clamp down on executive pay, in an early boost for Britain's new prime minister. Fidelity International, which has 185 billion pounds of assets under management across a number of markets, said that May's proposal to make...

  • ZURICH, July 19- Greek investigators raided the Athens home of a former UBS banker earlier this month, furthering a probe into alleged tax evasion seven months after officials seized documents from the Swiss bank's Athens office. Sclavounis headed UBS's investment banking business in Greece before becoming chairman of the Hellenic Financial Stability...

  • LONDON, July 19- A Dallas hedge fund was among investors betting on a fall in the price of ARM Holdings when SoftBank Group's surprise $32 billion bid sent shares in the British chip designer surging nearly 50 percent. Data from Britain's regulator, the Financial Conduct Authority, shows that Maverick Capital had a substantial outstanding short position in ARM...