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Diversified Financials Capital Markets

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  • Fitness software firm Mindbody files for IPO Monday, 11 May 2015 | 5:34 PM ET

    Morgan Stanley, Credit Suisse and UBS Investment Bank are among the underwriters to IPO, Mindbody said.

  • NEW YORK, May 11- The Janus Global Unconstrained Bond Fund, overseen by widely followed investor Bill Gross, attracted just $58.6 million in net new cash in April, and posted below-average returns, according to Morningstar data on Monday. "Bill Gross obviously has a brand that resonates with investors but to gather major assets, investors want more- more of a longer...

  • NEW YORK, May 11- The Janus Global Unconstrained Bond Fund, overseen by widely followed investor Bill Gross, attracted just $58.6 million in net new cash in April and posted below-average returns, according to Morningstar data on Monday. "Bill Gross obviously has a brand that resonates with investors but to gather major assets, investors want more- more of a longer...

  • NEW YORK, May 11- The Janus Global Unconstrained Bond Fund, overseen by widely followed investor Bill Gross, attracted $58.6 million of net new cash in April, according to Morningstar data on Monday.

  • LONDON, May 11- Oil's sharp rally since the middle of March has been driven by a race among bearish hedge funds to cover loss-making short positions rather than any great bullishness about the outlook. Hedge fund short covering coincides almost precisely with the rise in front-month WTI prices, from a recent low of $42 per barrel on March 18 to a high of more than...

  • NEW DELHI, May 11- India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday. The BRICS- Brazil, Russia, India, China and South Africa- agreed to set up the $100 billion development bank last July, in a step toward reshaping...

  • NEW YORK, May 8- Vadian Bank AG has become the second of what are expected to be dozens of Switzerland- based private banks to reach a deal with the U.S. Department of Justice under a voluntary disclosure program for assisting Americans in evading taxes. Gallen, in northeast Switzerland, accepted accounts that were forced out of other Swiss banks in 2008 after it...

  • Syngenta rejects $45 billion Monsanto takeover bid Friday, 8 May 2015 | 12:13 PM ET
    Corn plants growing in a greenhouse at the Monsanto Chesterfield Village facility in Chesterfield, Missouri in 2010

    Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal, three sources familiar with the matter said.

  • *Pension fund managers expect ECB purchases to support market. LONDON, May 8- Following a recent sell-off in German bunds, pension fund managers are resisting making any major changes to their exposure to European government debt, confident that demand from the European Central Bank will stabilize markets. But portfolio managers expect continued European...

  • LONDON/ FRANKFURT, May 8- Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than $31 billion, three sources familiar with the matter said. Swiss crop chemicals maker Syngenta is working with Goldman Sachs to assess the merits of a sale to the...

  • Citi sold its loan to Solus Alternative Asset Management, the sources said. Solus replaced Citi in an April 30 forbearance agreement with PREPA's lenders posted on the website of Puerto Rico's Government Development Bank. Citi's $146 million loan was part of a larger credit line of around $700 million, which PREPA uses to buy oil.

  • BUENOS AIRES, May 7- Hedge funds suing Argentina over its defaulted debt have had some funds in the country's Belgian diplomatic bank accounts frozen in a bid to pressure a settlement in the dispute, a move Buenos Aires described as "attempted extortion" and illegitimate. Argentina restructured most of that debt in 2005 and 2010, giving holders around 30 cents on...

  • "I don't think it is going to happen until 2016," said Anthony Scaramucci, founder of investment firm SkyBridge Capital and host of the three-day conference in Las Vegas. "I was in the camp that they would go in the first half of this year, but that has been pushed way back, back into the first half of 2016," said Lee Partridge, chief investment officer of asset management...

  • LONDON/ FRANKFURT, May 7- Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than $31 billion, three sources familiar with the matter said. Swiss crop chemicals maker Syngenta is working with Goldman Sachs to assess the merits of a sale to the...

  • BUENOS AIRES, May 7- Hedge funds suing Argentina over its defaulted debt have had two government bank accounts frozen in a bid to pressure the country to improve the terms offered in its previous bond restructurings, a source familiar with the situation said on Thursday. Argentina restructured most of that debt in 2005 and 2010, giving holders around 30 cents on...

  • LAS VEGAS, May 6- Hedge fund mogul Daniel Loeb on Wednesday took aim at the " Oracle of Omaha," calling beloved billionaire Warren Buffett a hypocrite. He criticizes activists but he was the first activist, "Loeb, who runs $17.5 billion hedge fund Third Point, said about Buffett who has been running conglomerate Berkshire Hathaway for 50 years. Loeb, known in investment...

  • Paulson, Bernanke: What's said in Vegas stays in Vegas Wednesday, 6 May 2015 | 8:59 PM ET

    LAS VEGAS May 6- Would you like to know whether sage investor and mammoth hedge fund manager John Paulson is bullish on stocks? The SkyBridge Alternatives Conference, known as SALT, attracts 1,800 investors who pay thousands of dollars apiece to attend the annual Las Vegas event. As the head of $20 billion firm Paulson& Co., Paulson's thoughts on the markets and...

  • NEW YORK, May 6- Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said Friday's report on U.S. nonfarm payrolls in April "feels to me that it's going to be weak." The ADP report, however, has a poor track record for predicting nonfarm payrolls, which is reported by the U.S. Department of Labor and which most economists expect to rebound from a poor...

  • May 6- A former managing partner at the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Wednesday to 2 -1/ 2 years in prison after he admitted to being part of a scheme that prosecutors say defrauded investors out of $46 million. The sentence was announced by the U.S. Attorney's Office in Connecticut. Prosecutors said that in 2007, New...

  • Stock market operator Chi-X exploring sale - source Wednesday, 6 May 2015 | 4:50 PM ET

    May 6- Stock market operator Chi-X Global Holdings, owned by Nomura Holdings Inc and other banks, is exploring a sale that could fetch as much as $400 million, a person familiar with the matter said. Chi-X is working with investment bank Moelis& Co to find potential suitors, according to the person. JPMorgan Chase& Co, Bank of America Corp, UBS Group AG, and Goldman Sachs...