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  • SHANGHAI, May 6- China's funds regulator said it would discipline a CITIC-linked asset manager for operating a prohibited fund-pooling investment scheme. China's hedge fund operators can expect more stringent regulation from AMAC in an intensifying crackdown on "Wild East" fraud and illegal money raising, AMAC said in April. CITIC-Prudential Fund...

  • SYDNEY, May 6- Australia's top investment bank Macquarie Group on Friday posted a 29 percent jump in annual profit to a record, helped by growth in its annuity-style businesses such as wealth management, and lifted final dividends by 21 percent. Net profit rose to A $2.06 billion from A $1.6 billion a year ago, narrowly beating analysts' estimate of A $2.04 billion.

  • SAO PAULO/ NEW YORK, May 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted higher returns in April after scrapping bets against domestic assets on optimism that a possible change of government could jump-start Latin America's largest economy. Money managers at Rio de Janeiro- based Gávea also...

  • HONG KONG, May 5- JPMorgan Chase& Co has become the first global investment bank to fall foul of Hong Kong's stricter IPO sponsorship rules, dealing a blow to its reputation in the region. It returned a listing application for Shenhua Health Holdings Ltd, a subsidiary of monosodium glutamate producer Fufeng Group Ltd, on March 29 saying it needed more information,...

  • *Asian sales up 14 percent to C $954 million. May 5- Manulife, Canada's biggest life insurer, said it would continue to look for new partners in Asia after strong sales in the region helped it increase its core earnings by 14 percent in the first quarter. The activation of a bancassurance partnership with DBS in Singapore and Hong Kong helped Manulife's Asian unit...

  • NEW YORK, May 5- Asset manager Apollo Global Management LLC posted an unexpected first-quarter loss on Thursday after revising lower the value of its insurance holding company Athene Holding Ltd to reflect market prices. Apollo reported an economic net loss of $73 million, or 18 cents per share, between January and March, compared to economic net income of $93.5...

  • NEW YORK, May 5- Asset manager Apollo Global Management LLC posted an unexpected first-quarter loss on Thursday after revising lower the value of its insurance holding company Athene Holding Ltd to reflect market prices. Apollo reported an economic net loss of $73 million, or 18 cents per share, between January and March, versus economic net income of $93.5...

  • May 5- Manulife Financial Corp, Canada's biggest life insurer, reported a 45 percent jump in first-quarter earnings, boosted by strong insurance sales in Asia and gains from interest rate movements. Net income attributable to shareholders rose to C $1.05 billion, or 51 Canadian cents per share, in the quarter ended March 31, from C $723 million, or 36 Canadian cents...

  • May 4- Insurer MetLife Inc reported a quarterly operating profit way below analysts' expectations as returns on investments in bonds and hedge funds fell and expenses rose. The company's net investment income fell 5.5 percent to $4.71 billion in the first quarter ended March 31. The insurer's net operating profit fell 19 percent to $1.33 billion, or $1.20 per...

  • May 3- The father of a former investment banker at Perella Weinberg Partners and JPMorgan Chase& Co was sentenced on Wednesday to a year of home confinement and three more years of probation, for trading securities ahead of healthcare mergers based on tips from his son. District Judge Laura Taylor Swain in Manhattan sentenced Robert Stewart, 61, at a court...

  • ASTENBECK ASSETS UNDER MANAGEMENT AT $2.4 BLN, UP FROM $2.1 BLN IN MARCH- INVESTOR LETTER.

  • May 4- California Public Employees' Retirement System said it bought a 10 percent share of the Indiana Toll Road Concession Co LLC from fund manager IFM Investors, marking its first investment in U.S. transportation. ITRCC operates and maintains a 157- mile divided highway, known as the Indiana Toll Road for Indiana. Direct investment in transportation by a...

  • *French bank unveils 220 mln euros in cost cuts. PARIS, May 4- Societe Generale is to cut a further 220 million euros in costs from its investment bank to help to boost profitability after a tough start to the year for this business. France's second biggest bank reported stronger than expected group profit in the first quarter, bucking the trend for European banks...

  • *GRAPHIC- Saudi corporate earnings: http://tmsnrt.rs/1W1H1nf. DUBAI, May 4- Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult. The world's largest oil exporting country is in the grip of a...

  • *Nickel may be next target for China regulators- broker. "Speculative funds have exited the market at the moment and I think it's time to take a break," said a researcher at a Shanghai- based fund, who declined to be named because he is not allowed to speak to media. Prices retreated after commodity exchanges in Dalian, Shanghai and Zhengzhou increased transaction...

  • LOS ANGELES, May 3- Bankers are seeing more evidence that activist investor tactics launched in the United States several years ago are making their way abroad. So far this year, international activist campaigns are up 30 percent, Robin Rankin, co-head of global mergers and acquisitions at Credit Suisse Group AG, said during a panel on Tuesday at the Milken...

  • LOS ANGELES, May 3- Anti-trust concerns are preventing corporations from pursuing mergers more than other broad regulatory or economic issues, several senior investment bankers said during a panel on Tuesday at the Milken Institute's Global Conference. "It's that increasingly high bar that we're seeing from an anti-trust perspective," said Paul Stefanick,...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • They said the documents also showed the loophole in German tax rules had been exploited by some of the world's largest institutional investors including Blackrock and Norway's sovereign wealth fund to cut their tax bills. The report reignited a debate about tax avoidance in Germany, where politicians and government rounded on a scheme that Wolfgang...

  • BOSTON, May 3- Och-Ziff Capital Management Group LLC reported a first-quarter loss on Tuesday after setting aside $200 million to settle charges that it paid bribes to African officials in return for investments in its alternative asset funds. The largest publicly traded U.S. hedge fund company's shares fell 6 percent to $3.76 after news of the unexpected...