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  • LONDON, May 24- Hedge funds appear to have spotted an opportunity in the European Central Bank's bond-buying scheme and are snapping up long-dated debt in anticipation of profits from selling it back to the central bank later. Data from Bank of America Merrill Lynch shows hedge funds have almost doubled their take-up of euro zone bonds sold with maturities...

  • The Bank of England, London

    The UK government has aggressively courted renminbi business as part of a broad push to promote greater economic ties with China.

  • *Could fall below $1,200 in next couple of months- analyst. Spot gold had fallen 0.3 percent to $1,244.91 per ounce by 0332 GMT. "Over the next two weeks... if the economy is on the firm side in the U.S. and the Fed is ready to move, maybe July at the earliest, then I would say gold is ready to see a correction," said analyst Dominic Schneider of UBS Wealth Management in Hong Kong.

  • LONDON, May 24- Revenue at the world's 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday. Investment banks have been hit by a steep decline in oil prices, near-zero interest rates and worries about China's...

  • LONDON, May 23- Activist hedge fund TCI, which has called for rapid reforms at Volkswagen, said the German carmaker and its Porsche unit were the biggest drags on the fund's flat first quarter performance, according to an investor letter. Billionaire Chris Hohn's London- based hedge fund wrote to the VW board on May 6 demanding that the carmaker- which is still...

  • May 23- Affiliates of Singapore- based private investment firm Shanda Group reported an 11.7 percent stake, including call options, in LendingClub Corp, sending shares of the lending platform operator up as much as 8.8 percent in early trading on Monday. Shanda Group, headed by billionaire Chinese citizen Chen Tianqiao, has taken the stake in the company at a time...

  • BRAZIL HAS INVITED SOVEREIGN WEALTH FUNDS, INSTITUTIONAL INVESTORS TO ATTEND ROADSHOWS, SOURCES SAY.

  • May 20- Carlyle Group LP said on Friday that Mitch Petrick, who leads its credit investment business, is stepping down from the firm. Kewsong Lee will replace Petrick and also maintain his current role as deputy chief for private equity at the Washington D.C.- based alternative asset manager. Lee joined Carlyle from Warburg Pincus LLC in 2013 where he oversaw the...

  • NEW YORK— A judge has dismissed a lawsuit filed by the ex-wife of billionaire hedge fund manager Steven Cohen that had alleged he lied about his worth to cheat her out of millions of dollars during their divorce decades ago. U.S. District Court Chief Judge Loretta Preska, in Manhattan, said that there was no evidence Steven Cohen had hidden any assets and that the...

  • May 19- Federal prosecutors in Chicago unveiled a criminal fraud charge against an Illinois man who authorities say masqueraded as a successful hedge fund manager, using his status as a former Marine to entice military veterans to invest with him. In its civil case, the SEC said Cohn lured investors through his Veterans Financial Education Network, which...

  • MUMBAI, May 19- HSBC Holdings Plc said it plans to close 24 branches in India after a strategic review of its retail banking and wealth management business showed customers are increasingly opting for digital banking services. The move comes five months after the lender said it was exiting its private banking unit in India as part of its group strategy.

  • LONDON, May 19- Are some of Britain's largest hedge fund managers putting their money where their mouth is on Brexit? That question is causing some disquiet following the intervention of several top hedge fund figures in the debate over whether Britain should vote to leave the European Union. Appeals from the likes of David Harding of Winton Capital, John...

  • LONDON, May 19- Sterling soared to a 3 1/ 2- month high against a trade-weighted basket of currencies on Thursday, bolstered by a robust retail sales report for April and which diminished chances of an interest rate cut that some investors are factoring in. The pound gained on Wednesday after an Ipsos-Mori poll showed 55 percent of those surveyed supported...

  • *CPPIB's global head Mark Machin to become CEO. TORONTO/ NEW YORK, May 19- Canada Pension Plan Investment Board's Chief Executive Mark Wiseman will leave to become the top executive overseeing BlackRock's stock-picking investors and funds, the firms said on Thursday. He has overseen investments including the $12 billion acquisition of GE Capital's private...

  • TORONTO, May 19- Canada Pension Plan Investment Board's Chief Executive Mark Wiseman will step down to take up a role with BlackRock, the world's biggest asset manager, CPPIB said on Thursday. Wiseman will be replaced by Mark Machin, who heads the fund's international operations. "I am pleased to assume the helm at a time when CPPIB is playing an increasingly...

  • May 19- Canada Pension Plan Investment Board's Chief Executive of four years, Mark Wiseman, is leaving the pension fund, National Post said, citing sources. Wiseman, who assumed the role of president and CEO in July 2012, is leaving the fund for another position, National Post said, citing a source. CPPIB told Reuters it couldn't immediately comment on the report but...

  • *Julius Baer shares lag banking index. ZURICH, May 19- Swiss private bank Julius Baer's net inflows of client cash at the start of 2016 were below target, bucking the trend at larger rivals UBS and Credit Suisse. Switzerland's third-largest listed bank said on Thursday assets under management rose 2 percent to a record 305 billion Swiss francs in the first four...

  • LONDON, May 19- A top investor in German chemicals company Bayer said he was "deeply concerned" about a potential acquisition of U.S. rival Monsanto, and would prefer the firms to agree a joint venture or a nil-premium merger. Maximillian Anderl, a fund manager at UBS Global Asset Management, said he was surprised by Bayer's unsolicited takeover approach given the...

  • HONG KONG, May 19- The world's biggest investors are divided over whether MSCI will decide next month to include China- listed shares in a key global benchmark, with many harboring concerns over the country's handling of last summer's rout and lack of full-market access. New York- based index provider MSCI will announce on June 14 whether it will add...

  • TORONTO, May 18- Canada's main stock index retreated on Wednesday as mining and energy stocks fell, pressured by lower commodity prices after the U.S. The market got too complacent about the prospect of a Fed rate hike, said Steve Belisle, senior portfolio manager at Manulife Asset Management, who expects financial stocks to outperform some other sectors,...