Diversified Financials Capital Markets

  • NEW YORK, July 18- A former portfolio manager at Visium Asset Management LP pleaded not guilty on Monday to charges that he engaged in a scheme to defraud investors by inflating the value of a bond fund and overstating its liquidity. Stefan Lumiere, 45, entered his plea to conspiracy, securities fraud and wire fraud charges in federal court in Manhattan, about a...

  • BlackRock Inc, the world's largest asset manager, and Norges Bank Investment Management, Norway's $872 billion sovereign wealth fund are among the major funds resisting, encouraging companies to consult them before responding to an activist. The most recent example of pushback against activist settlements involves U.S. retailer Chico's FAS and Barington...

  • *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...

  • LONDON, July 15- As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Hedge funds on average were down 0.18 percent on the day of June 24, while trend-following machine-based strategies gained 0.71...

  • *Some see risk aversion as investors hedge Turkey exposure. LONDON, July 17- Turkey's failed military coup may prompt some flight to safe-haven assets on Monday but there will only be a more serious longer-term impact for investors if instability persists in the strategically important emerging market. Turkey's government said on Sunday it was in full...

  • LONDON, July 15- As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Hedge funds on average were down 0.18 percent on the day of June 24, while trend-following machine-based strategies gained 0.71...

  • WASHINGTON/ NEW YORK, July 15- Herbalife Ltd agreed to pay $200 million and change the way it does business to avoid being labeled a pyramid scheme by regulators, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Shares of Herbalife jumped more than 20 percent after the settlement was made public and the...

  • LONDON, July 15- As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Hedge funds on average were down 0.18 percent on the day of June 24, while trend-following machine-based strategies gained 0.71...

  • July 15- Activist hedge fund Barington Capital Group L.P. said on Friday it was withdrawing its nominees to the board of women's apparel retailer Chico's FAS Inc, days after two major proxy advisers backed the company's nominees. The hedge fund had nominated its founder, James Mitarotonda, and Janet Grove, a former Macy's Inc executive, for Chico's board, urging...

  • WASHINGTON/ NEW YORK, July 15- Herbalife Ltd agreed to a $200 million settlement with U.S. regulators on Friday, under which the dietary supplements maker will change the way it does business and avoid being labeled a pyramid scheme, a blow to hedge fund manager Bill Ackman who for years has been betting against the company. The Los Angeles- based company's shares...

  • LONDON, July 15- The value of UK funds' assets under management has dropped by more than $40 billion in the three weeks since Britain's vote to leave the EU, largely due to the plunge in the pound, fund flows data provider EPFR said on Friday. Britain's benchmark FTSE 100 is 5 percent higher than it was on June 23, bouncing back sharply from the initial fall, while the...

  • July 15- Herbalife Ltd said it would settle with the U.S. Federal Trade Commission for $200 million to avoid being labeled a pyramid scheme, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Ackman's Pershing Square Capital Management unveiled a $1 billion short bet against the company in 2012..

  • LONDON, July 15- Investment bank revenues are likely to fall about 11 percent this year, due in part to uncertainty and lower client activity following Britain's surprise decision last month to leave the European Union, according to Boston Consulting Group. BCG said in a report released on Friday that revenues were likely to fall to $204 billion this year, down...

  • LONDON/ NEW YORK, July 15- It might seem extraordinary that the developed world could fail to generate enough growth to lift inflation back to target for decades, yet there is mounting evidence this is a real possibility. The steady slide in market gauges for long-term inflation in the United States, Europe and Japan has accelerated since Britain's vote to leave...

  • July 15- Weight-loss products maker Herbalife Ltd will pay $200 million to avoid being classified as a pyramid scheme under a settlement with the Federal Trade Commission, the Wall Street Journal reported, citing people familiar with the matter. The FTC opened a probe of Herbalife in 2014 following allegations by hedge fund manager William Ackman that it had a...

  • July 15- Herbalife Ltd is expected to announce a settlement with the Federal Trade Commission, under which the regulatory body has determined that the weight-loss products maker is not a pyramid scheme, CNBC tweeted, citing Dow Jones. The FTC opened a probe of Herbalife in 2014 following allegations by hedge fund manager William Ackman that it had a fraudulent...

  • CEO OF BRAZIL'S CAIXA SAYS PLANS TO REACH OUT TO INVESTMENT BANKS TO RESUME INSURANCE UNIT IPO.

  • Investors plowed $15.3 billion into venture-backed startups in the second quarter of this year, a 20.5 percent increase over the $12.7 billion invested in the first quarter, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. Ride-hailing company Uber Technologies Inc and messaging app Snapchat...

  • TOKYO, July 15- Japan's Nikkei share average rose to a five-week high on Friday and was on track for a fifth day of gains, lifted by a continuing record run on Wall Street and a sagging yen. "Upbeat U.S. stocks and the yen's weakening are continuing to push the Nikkei higher," said Masahiro Ichikawa, a senior strategist at Sumitomo Mitsui Asset Management in Tokyo.

  • The funds took in $7.8 billion, according to the research service's data, which covers the seven days through July 13. "Of note, equity funds broke a 10- week streak of net outflows by taking in $7.8 billion in net new money and municipal bond funds recorded their 41st straight week of inflows as they grew their coffers by $1.2 billion." Keon said the "Brexit" vote,...