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Diversified Financials Capital Markets

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  • LONDON, June 5- It isn't supposed to be like this. "We should get used to periods of higher volatility," Draghi said following the European Central Bank's latest policy meeting. Although there is little doubt they will get their nominal cash investment back from triple-A-rated Germany, they won't have bargained for this kind of volatility.

  • LONDON, June 5- The newly-formed Global Infrastructure Investor Association said on Friday it had appointed Matthew Farnum-Schneider, a managing director at insurer Prudential, as its first chairman. Henk Huizing, investment director of Dutch pension fund PGGM, and Andrew Claerhout, head of infrastructure for Ontario Teachers' Pension Plan, were appointed...

  • TOKYO, June 5- Japan's trillion dollar pension fund expects the yen to remain weak against the dollar, meaning there is no immediate need for it to hedge against the risk of it turning stronger, the fund's head said on Friday. Takahiro Mitani, president of the Government Pension Investment Fund, said that since the United States is expected to raise interest rates...

  • TOKYO, June 5- Japan's trillion dollar pension fund sees no imminent need to consider hedging against the risk of a stronger yen because diverging U.S. and Japanese monetary policies will keep the yen weak against the dollar, the head of the fund said on Friday. Takahiro Mitani, president of the Government Pension Investment Fund, also said the world's biggest...

  • June 4- The U.S. Securities and Exchange Commission is investigating whether some activist investors secretly acted jointly to target companies, one hedge fund industry source said. The SEC's enforcement division recently opened multiple investigations and sent requests for information to a number of hedge funds, The Wall Street Journal reported earlier,...

  • Outflows since Bill Gross's abrupt departure from Pacific Investment Management Co on September 26 "have been worse than many had expected," Morningstar analysts said in their new report. The Pimco Total Return Fund alone shed more than an estimated $180 billion in net assets between mid-2013 and May 2015. David Schawel, vice president and portfolio manager of...

  • LONDON/ AMSTERDAM, June 4- The European Commission will give banks in the EU another six-month exemption until December from having to hold extra capital to cover transactions at clearing houses that don't meet the bloc's standards. "The decision will give the market the legal certainty it needs for the next six months," EU financial services commissioner,...

  • SunGard was acquired for $11.4 billion in 2005 by Silver Lake Partners LP, TPG Capital LP, Bain Capital LLC, Blackstone Group LP, Goldman Sachs Capital Partners LP, KKR& Co LP and Providence Equity Partners Inc.. JP Morgan, Barclays and Goldman Sachs are among the underwriters to the IPO, the company said. The company posted a net loss of $222 million, compared with a...

  • Funds run by Boston- based Fidelity Investments and Baltimore's T. Rowe Price Group, for example, more than doubled their money with pre-IPO bets on Facebook Inc. And shares of lesser known Zafgen Inc are up 15- fold since the Fidelity Select Biotechnology Portfolio made a pre-IPO investment of $11.2 million in late 2013. Zafgen's IPO was in June 2014.

  • CAMBRIDGE, Mass., June 3- Harvard University, which has educated many of the world's wealthiest investors, is now getting its biggest single gift from one them- a $400 million donation from Wall Street hedge fund investor John Paulson. The 59- year old financier said the gift was his way of thanking the Ivy League school for providing him and others with a top flight...

  • DUBAI, June 3- JP Morgan's head of equities for the Middle East and North Africa has resigned from the bank and is moving to Egypt's EFG-Hermes Asset Management, sources told Reuters on Wednesday. Sadiq Hussain will remain based in Dubai and his replacement at the U.S. bank should be appointed by the end of June, said one of the sources familiar with the matter,...

  • BOSTON, June 3- Harvard University, which has educated many of the world's wealthiest investors, is now getting its biggest single gift from one them: a $400 million donation from Wall Street hedge fund mogul John Paulson. The 59- year old investor, who credits his Harvard Business School education for success at his $19 billion firm Paulson& Co, said he hoped the...

  • CHINA'S GUOTAI JUNAN SECURITIES GETS APPROVAL FOR SHANGHAI. BEIJING, June 3- Guotai Junan Securities Co Ltd, China's third-largest stock broker by profit, has received approval to sell shares on the Shanghai Stock Exchange, the country's securities regulator said in a statement late on Wednesday. The Shanghai- based firm could raise up to 30 billion yuan, based...

  • BOSTON, June 2- Billionaire investor William Ackman's hedge fund has taken a position in Nomad Foods Limited, a young company created to make acquisitions in the food industry, according to a release made by the London Stock Exchange on Tuesday. Pershing Square crossed the 20 percent threshold on the Nomad stake on May 26, according to the filing.

  • NEW YORK, June 2- The Pimco Total Return Active Exchange-Traded Fund posted net outflows of $53.9 million in May, ending the month with $2.6 billion in assets under management, according to Morningstar data on Tuesday. Pacific Investment Management Co, a unit of Germany's Allianz SE, had assets under management of $1.59 trillion as of March 31.

  • *Online apps and websites revolutionising trading. LONDON, May 29- When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay close attention. Regulators are cracking down on the murkier parts of tech-driven trading, and recently a trader from the London suburbs has been accused of helping to...

  • Hudson's Bay Co, the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets. Shares of Hudson's Bay have risen almost 50 percent over the last 12 months. Sears Holdings Corp also said in April it plans to spin off 254 stores into a real estate investment trust next...

  • EXCLUSIVE-SEVERAL HEDGE FUNDS HAVE ASKED MACY'S INC IN RECENT MONTHS TO CONSIDER OPTIONS FOR ITS REAL ESTATE ASSETS-SOURCES.

  • LONDON, June 2- The chief executive of Aberdeen Asset Management, Martin Gilbert, said on Tuesday the bond market posed a systemic risk as and when interest rates rise, although he still hoped it would be a "damp squib". Gilbert also touched on several other leading sector topics including the potential impact on the industry should Britain vote to leave the...

  • By Hideyuki Sano TOKYO, June 2- Institutional investors including hedge funds are scrutinising the past performance of Japanese government bonds for clues on where French sovereign debt is headed following one of its biggest routs in years. The swings in French bonds are so similar that some hedge funds have created charts plotting European yields over...