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Diversified Financials Capital Markets

  • DUBAI, Feb 9- Bahrain- based Investcorp is responding to the election of U.S. Investcorp, which expects its assets under management to rise to around $21 billion in the first half of 2017, on Thursday reported a fall in profit to $35.6 million in the six months to Dec. 31 from $50.9 million in the prior-year period. Among potential investments in the U.S., Europe and the...

  • LONDON, Feb 9- Fund manager Henderson Group's total assets rose 10 percent to 101 billion pounds in 2016 after market gains more than offset the impact of retail customers withdrawing money. Henderson said its planned $6 billion purchase of rival U.S. asset manager Janus Capital was on track to complete by the end of May, and it planned to pay a final dividend of...

  • LONDON, Feb 9- Fund manager Henderson Group's total assets rose 10 percent to 101 billion pounds in 2016 after market gains more than offset the impact of retail customers withdrawing money, it said on Thursday. Henderson said its planned $6 billion purchase of rival U.S. asset manager Janus Capital was on track to complete by the end of May, and it planned to pay a...

  • NEW YORK/ LONDON, Feb 8- Goldman Sachs Investment Partners, which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters. About eight staff members who made up the London team were recently told to move to the Battery Park City...

  • Feb 8- The scads of analysts and fund managers at some money management firms may just be there as window dressing. The upshot is that while having more RIAs- investment professionals who are registered with the SEC or state securities regulators- per dollar managed is "not associated" with better performance it does help to attract assets. Seemingly, these firms...

  • Feb 8- Activist hedge fund Marcato Capital Management LP reported a 6 percent stake in Deckers Outdoor Corp, saying the footwear and apparel maker's shares were "undervalued" and an "attractive investment". Marcato Capital said it intends to hold discussions with Deckers regarding its business, strategies and other matters. Deckers shares were up more than 9...

  • NEW YORK, Feb 8- Investors poured cash into U.S.-based mutual funds and exchange-traded funds at the fastest pace since 2013 during the latest week, Investment Company Institute data showed on Wednesday, funneling $24.3 billion into the market. That figure is the largest since Oct 23, 2013, and comes as investors showed a strong desire for all kinds of financial...

  • *New York bank worked for years to win a Saudi Aramco role. NEW YORK/ LONDON/ DUBAI, Feb 8- Boutique investment bank Moelis& Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world's biggest initial public share offering, sources familiar with the matter told Reuters. Moelis' appointment is a big win for the New York bank, dwarfing previous IPO...

  • NEW YORK, Feb 8- Dan Ivascyn, the group chief investment officer at bond heavyweight Pimco, said on Wednesday that U.S. Treasuries will continue to be in demand, given the geopolitical risks around the world. "There are still powerful global forces at work weighing on high quality bond yields," said Ivascyn, who oversees more than $1.5 trillion in assets under...

  • EXCLUSIVE-TESARO INC DISCUSSING OPTIONS WITH INVESTMENT BANKS, INCLUDING CITIGROUP INC, FOLLOWING ACQUISITION APPROACHES-SOURCES.

  • NEW YORK, Feb 8- Private equity firm Carlyle Group L.P. posted sharply lower-than-expected fourth-quarter earnings on Wednesday following losses in its hedge fund businesses that it has since exited. Washington, D.C.- based Carlyle said it took a charge of $175 million in its former hedge fund Vermillion Asset Management due to "misappropriation of petroleum...

  • NEW YORK, Feb 8- Private equity firm Carlyle Group L.P. posted sharply lower-than-expected fourth-quarter earnings on Wednesday after taking losses on a hedge fund business that it has since exited. That translated to earnings of 2 cents per share, down from 24 cents a year earlier. "Obviously we are disappointed with the losses in our hedge fund business," Carlyle...

  • SAN FRANCISCO, Feb 7- California Public Employees' Retirement System expects a 5.8 percent annual investment return under its new portfolio asset allocation, significantly lower than the fund's assumed rate of return of 7 percent by 2020.. CalPERS' caution mirrors outlooks from public pension funds across the United States as they try to grapple with...

  • Thierry Olive, former global head of equity capital markets at BNP Paribas, has been appointed co-head of investment banking for Asia Pacific with Philippe de Caraman. The London- based asset management group appointed Philippe Broadhead as head of distribution. The financial services firm said it appointed three former executives from Jefferies Group LLC...

  • BOSTON, Feb 7- The United States has been home to the world's biggest hedge funds, but the industry's most consistent strong performers generally hail from other nations, according to data released on Tuesday. Mauritius- based Arcstone Capital's Passage to India Opportunity Fund, Great Britain- based Stratton Street Capital's Japan Synthetic Warrant Fund and...

  • Feb 7- A U.S. judge in Philadelphia on Tuesday declined to immediately rule on whether to throw out an insider trading case filed by U.S. securities regulators against billionaire hedge fund manager Leon Cooperman and his firm, Omega Advisors. District Judge Juan Sánchez, following oral arguments by lawyers for Cooperman and the U.S. Securities and Exchange...

  • LONDON, Feb 7- Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its implications for future movements in prices are disputed. Hedge funds and other money managers had accumulated a net long position in the three main futures and options contracts linked to Brent and West Texas Intermediate...

  • MILAN, Feb 7- Italy's banking industry rescue fund Atlante expects the European Central Bank to approve a merger between ailing Popolare di Vicenza and Veneto Banca, likely requesting state support to ensure the plan's success. State-sponsored Atlante was hastily set up last year to take over the two banks when they failed to raise 2.5 billion euros in capital...

  • The investment and financial planning company named Justin Ogilvie investment manager in its Bristol office. The insurer, a subsidiary of U.S.-based holding company Markel Corp, appointed Warren Towner as head of underwriting management and reinsurance placement. The London- based asset manager appointed Douglas Anderson head of consultant relations.

  • Feb 7- London- based asset manager Hermes Investment Management appointed Douglas Anderson head of consultant relations. Anderson, who has over 20 years of experience in investment management, most recently served as head of consultant relations at Lazard Asset Management Ltd.. He will report to Mark Miller, head of UK and MENA institutional.