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Diversified Financials Capital Markets

  • Hedge fund manager Elliott Advisors said on Monday it has sent a plan to BHP Billiton directors to unlock shareholder value.

  • *Elliott Advisors calls for dual-corporate structure to go. SYDNEY, April 10- Hedge fund manager Elliott Advisors said on Monday it had sent a letter to BHP Billiton directors outlining a plan to unlock value by scrapping the mining giant's dual- corporate structure, demerging its oil business and rejigging its capital return policy. Elliott also said it holds...

  • *Elliott Advisors calls for LSE listing to go. SYDNEY, April 10- Hedge fund manager Elliott Advisors said on Monday it has sent a plan to BHP Billiton directors to unlock shareholder value by scrapping the miner's London Stock Exchange listing, demerging its U.S. oil arm and revising its capital return policy. Elliott also said it holds rights with its affiliates...

  • SYDNEY, April 10- Hedge fund manager Elliott Advisors said on Monday it had sent a letter to BHP Billiton directors outlining a plan to unlock value by scrapping the mining giant's London Stock Exchange listing, demerging its oil business and rejigging its capital return policy. "The goal is to provide details of the BHP shareholder value unlock plan to all of...

  • NEW YORK, April 10- Fidelity Investments Inc has become the first financial institution to join the Initiative for CryptoCurrencies& Contracts, a group of academic institutions and technology companies looking to develop blockchain-based technology. Fidelity Labs, the innovation arm of asset manager Fidelity, will be a member of IC3 along with Cornell...

  • *Rokos, Stone Milliner, Gemsstock, EDL Capital assets climb. Some of the main beneficiaries of the macro revival are managers who cut their teeth at the big macro firms such as Moore Capital Management, Brevan Howard and Tudor Investment Corp, which made their names for outperformance in 2007-2009.. Eric Siegel, head of hedge funds at Citi Private Bank, said in...

  • NEW YORK, April 7- Bank of America's Merrill Lynch brokerage unit is launching a renewed push to recruit and train young advisers to supplement a sales force that is aging industry-wide, Merrill Lynch head Andy Sieg said on Friday. "Make no mistake, when we look out over the next 10 years the thundering herd will be growing," Sieg said, speaking at the Securities...

  • LOS ANGELES, April 7- Yum Brands Inc's U.S. KFC, the second-biggest U.S. chicken chain by sales after privately held Chick-fil-A, is giving its U.S. poultry suppliers until the end of 2018 to stop using antibiotics important to human medicine. Chick-fil-A is going a step further, vowing in 2014 to switch to poultry raised without any antibiotics at all by the end of...

  • Nearly $12 billion drained from the stock funds in the seven days through April 5, including $7 billion SPDR S&P 500 ETF, a fund actively traded by investors ranging from institutional investors making speculative bets to retail buyers. Keon said the United States' response to conflict in Syria and North Korea has intensified jitters over policy even though...

  • WASHINGTON, April 6- White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. Reinstating the law, which was repealed in 1999, has not attracted significant attention in Congress, but...

  • WASHINGTON, April 6- Former Goldman Sachs Group Inc executive and White House adviser Gary Cohn shocked more than a few of his former Wall Street colleagues this week when he showed support for reinstating a Depression-era law that would break up the biggest U.S. banks. :Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians...

  • WASHINGTON, April 6- White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. Reinstating the law, which was repealed in 1999, has not attracted significant attention in Congress, but...

  • TORONTO, April 6- Canadian mergers and acquisitions got off to their strongest start in 17 years in 2017 as cross-border deal activity picked up pace, with JPMorgan, Goldman Sachs and RBC taking the top three spots in the advisory rankings. Toronto Dominion and Lazard rounded out the top five positions in the league tables, according to Thomson Reuters data...

  • *Looking to raise real estate exposure in Japan and Australia. SINGAPORE, April 6- BlackRock said the worst was over for Singapore's office property market with supply tapering off, and that elsewhere in Asia Pacific, the world's largest asset manager was looking to raise its real estate exposure in Japan and Australia. We are already past that inflection point...

  • NEW YORK, April 5- BlackRock Inc, the world's largest asset manager, on Wednesday said Cisco Systems Inc Chief Executive Chuck Robbins has been nominated to serve on its board of directors. Former PNC Financial Services Group Inc Chief Executive Thomas O'Brien, who had been the lead independent director, will not stand for reelection. Nor will former Merrill...

  • NEW YORK, April 5- BlackRock Inc, the world's largest asset manager, on Wednesday said Cisco Systems Inc Chief Executive Charles Robbins has been nominated to serve on its board of directors. Former Merrill Lynch& Co Chief Executive David Komansky and former PNC Financial Services Group Inc Chief Executive Thomas O'Brien, who had been the lead independent...

  • NEW YORK, April 5- BlackRock Inc, the world's largest asset manager, on Wednesday said it would nominate Cisco Systems Inc chief executive Charles Robbins to serve on its board of directors. "Throughout his career, Chuck has helped global corporations navigate a world being reshaped by technological advancement," said BlackRock chairman and CEO Larry Fink.

  • April 5- In the financial market race for information, hedge funds, it seems, are the winners. This of course raises the salient issue of who the losers are, but you probably already know the answer to that. My results show that certain investors acquire information before sell-side analysts, and that sell-side analysts assist early informed investors by making...

  • Cooperman and his firm Omega Advisors Inc are seeking to reverse a March 20 ruling that let the SEC pursue civil claims that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading in Atlas Pipeline Partners LP based on confidential tips from an Atlas executive about a planned asset sale. The SEC did not immediately respond on Wednesday to...

  • *Dubai up for sixth consecutive session. DUBAI, April 5- Stock markets in the Middle East firmed on Wednesday with Abu Dhabi outperforming its peers for a second day as institutional investors targeted blue chips, while crude oil near a one month high boosted Saudi Arabia. Farid Samji, head of asset management at Dubai- based Daman Investment, attributed the...