Diversified Financials Capital Markets

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  • BOSTON, Dec 1- Will Danoff, one of the U.S. mutual fund industry's best stock pickers over the past 25 years, is tapping the brakes on funding so-called unicorn companies, saying the prospects for fast growing private businesses before they go public may be fading. Danoff, 55, is not a household name and lacks the swagger of hedge fund managers such as Pershing...

  • China shares ease after soft PMIs, Hong Kong rebounds Monday, 30 Nov 2015 | 10:17 PM ET

    SHANGHAI, Dec 1- China's share markets held a soft tone on Tuesday, hurt by weak factory activity despite the International Monetary Fund's decision to grant the yuan global reserve currency status. "Theoretically, the move would make yuan assets more attractive to global investors over the long term," said Samuel Chien, partner of hedge fund manager Shanghai...

  • SAO PAULO, Nov 30- André Esteves, the Brazilian billionaire financier who was arrested last week in a sweeping corruption investigation, tried to turn Grupo BTG Pactual SA into the largest independent investment bank in emerging markets. The same year, they bought back Banco UBS Pactual SA from UBS Group AG, merging the units into Grupo BTG Pactual SA.

  • SAO PAULO, Nov 27- The reliance of Brazil's Grupo BTG Pactual SA on market funding may pose an immediate challenge for new boss Persio Arida, who sought to calm clients on Friday after its shares fell for a third straight day. The São Paulo-based investment bank tapped Arida, a former president of Brazil's central bank, as acting chief executive officer following...

  • SHANGHAI, Nov 27- China's securities regulator, the China Securities and Regulatory Commission, told its local branches to resolutely clean up illegal margin financing in wealth management products, a commission spokesman said in a press conference Friday. Illegal margin finance offered by non-bank lenders magnified the size the of China's equity...

  • SAO PAULO, Nov 26- Clients stepped up withdrawals from Grupo BTG Pactual SA's money management unit on Thursday, according to a source with knowledge of the bank's strategy, as Latin America's largest independent investment bank tries to contain fallout from the arrest of its top executive. Analysts have said redemptions at BTG Pactual pose no systemic risks...

  • SAO PAULO, Nov 26- Clients have withdrawn funds equivalent to about 3.5 percent of assets under management at Grupo BTG Pactual SA over the past two days, a source with knowledge of the bank's strategy on Thursday. Redemptions from BTG Pactual's asset management unit were around 1 percent of assets on Wednesday, when André Esteves, the chief executive and...

  • *Climate deal in Paris could shake up investment landscape. *Investors running $11 trillion lag on U.N.' s ESG principles. And yet, with a U.N. climate summit in Paris set to promote a switch to a low-carbon economy, data from the U.N. body urging investors and asset managers to give more weight to non-financial considerations, including the environment, shows a patchy...

  • Australian quarterly capex slumps; Aussie drops Wednesday, 25 Nov 2015 | 8:51 PM ET

    Business investment by Australian companies slumped a record 9.2 percent in the September quarter, causing the Aussie to drop 0.4 percent.

  • BOSTON, Nov 25- In a setback for Franklin Resources Inc that could have implications for other asset managers, a U.S. regulator declined to let the California company skip a shareholder vote over its record on climate change, according to materials provided by activists on Wednesday. The decision by a U.S. Securities and Exchange Commission official should help...

  • SAO PAULO, Nov 25- Brazil's Grupo BTG Pactual SA scrambled to contain fallout from the arrest of its billionaire boss on Wednesday, tapping cash reserves to cover client redemptions and announcing a stock buyback to prop up plunging shares. The moves highlighted investors' concerns whether Latin America's largest independent investment bank can thrive...

  • BTG scrambles to contain Esteves arrest fallout Wednesday, 25 Nov 2015 | 4:16 PM ET

    SAO PAULO, Nov 25- Brazil's Grupo BTG Pactual SA scrambled to contain the fallout from the arrest of its billionaire boss on Wednesday, tapping cash reserves to cover client redemptions and announcing a stock buyback to prop up its plunging share price. Ratings agency Moody's Investors Service warned the credit rating of Latin America's largest homegrown...

  • *Supreme Court orders arrests for obstructing investigation. SAO PAULO/ BRASILIA, Nov 25- Brazilian police arrested the ruling party's leader in the Senate and the chief executive of Latin America's biggest investment bank on Wednesday on suspicion of obstructing an investigation into corruption at state-run oil company Petrobras. Amaral is chairman of...

  • The five South Korean financial firms claimed damages after share prices plummeted when Deutsche Bank units sold about 2.4 trillion won worth of stocks on the Seoul bourse just before the market closed on November 11, 2010, Lim Kwang- ho, a judge in the Seoul Central District Court told Reuters on Wednesday. South Korea's top financial regulator in April 2011...

  • *Buyers from Australia, Canada, Abu Dhabi, Kuwait. The group, led by Australia's Hastings Funds Management, paid significantly above the A $8 billion expected by analysts to beat rival bidders including State Grid of China Corp for the lease of New South Wales state's TransGrid network. Hastings, owned by Westpac Banking Corp, teamed up with Australian...

  • NEW YORK, Nov 24- Bridgewater Associates' Pure Alpha II Fund, managed by hedge fund titan Ray Dalio Robert Prince, and Greg Jensen, is up 1.97 percent so far in November for a year-to-date total return of 9.5 percent, two people familiar with the fund's performance said on Tuesday. The $70 billion Bridgewater All Weather Fund, managed by Dalio, is down 1.10 percent so...

  • SAN FRANCISCO, Nov 24- The nation's largest public pension, the California Public Employees' Retirement System, said on Tuesday that it had shared $3.4 billion in profits with external partners of its private equity portfolio from 1990 to June 30, 2015. CalPERS' private equity program added $24.2 billion in net gains to the fund over a 25- year period.

  • Nov 24- Activist investor Sandell Asset Management Corp said its nominees were not elected to Ethan Allen Interiors Inc's board, dealing a blow to the hedge fund's intense, four-month effort to drive changes at the storied home furniture company. Tuesday's early results hand a victory to Ethan Allen's long time CEO, Farooq Kathwari, who has led the company in...

  • Nov 24- Activist investor Sandell Asset Management Corp said its nominees were not elected to Ethan Allen Interiors Inc's board, citing preliminary voting results at the company's 2015 annual meeting.

  • SHANGHAI, Nov 24- In a sign of growing confidence that China's stock markets are stabilising, the country's securities regulator has lifted an order that required brokerages each day to buy more shares than they sell for any proprietary trading. But China's crackdown on financial markets in the wake of a stock slump in the summer continued as anti-corruption...