Diversified Financials Capital Markets

  • June 13- New York state's employees' retirement fund earned a return on investment of just 0.19 percent in fiscal 2016, it said on Monday, its worst showing since the U.S. recession ended in 2009 and a worrying indicator for other funds. The fund's value also dropped for the first time in seven years to $178.1 billion as it paid out $10.9 billion in benefits during...

  • NEW YORK, June 13- Stock markets around the world eased while the yen firmed on Monday amid concerns Britain may be on the verge of leaving the European Union following a June 23 referendum on its membership, an outcome that could adversely impact the global economy. Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York, said Brexit...

  • SAN FRANCISCO, June 13- The California Public Employees' Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. The Indiana Toll Road had been acquired out of bankruptcy in 2015 for about 50 percent more than its original 2006 price...

  • NEW YORK, June 13- A New York hedge fund manager who at age 28 lost nearly all $57 million he oversaw in less than three weeks was spared prison on Monday, as the judge recognized how quickly and thoroughly the defendant owned up to his crimes. Owen Li, the founder of Canarsie Capital LLC, was sentenced to probation by U.S. District Judge Robert Sweet in Manhattan,...

  • NEW YORK, June 13- Global stock markets eased while the yen firmed on Monday amid concerns Britain may be on the verge of leaving the European Union following a June 23 referendum on its membership, an outcome that could adversely impact the world economy. Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York, said Brexit has kept...

  • *Has hired new staff to target Japan, Singapore. London- based Marex has hired new staff to reach into Japan and to add an industrial metals base in Singapore, its global head of metals told Reuters in an interview late last week. People are migrating away from the LME because of that, " Van Den Born said.

  • *Has hired new staff to target Japan, Singapore. London- based Marex has hired new staff to reach into Japan and to add an industrial metals base in Singapore, its global head of metals told Reuters in an interview late last week. People are migrating away from the LME because of that, " Van Den Born said.

  • London- based Marex has hired new staff to reach into Japan and to add an industrial metals base in Singapore, its global head of metals told Reuters in an interview late last week. Simon Van Den Born said the additions would boost its regional base metals business now centered in Hong Kong and help build up alternative business lines such as in gold.

  • *More interest in frontier markets such as emerging Asia. LONDON, June 13- Sovereign investors have cut their exposure to global bonds, preferring higher-yielding alternatives such as real estate, and are also adding to frontier market holdings, a study by asset manager Invesco showed on Monday. "It's been a difficult environment over the last 12 months with...

  • EXCLUSIVE-REDSTONE'S NATIONAL AMUSEMENTS CONSULTING INVESTMENT BANKS TO EXPLORE STRATEGIC OPTIONS FOR VIACOM'S PARAMOUNT- SOURCES.

  • MUMBAI, June 10- India's largest information technology company, Tata Consultancy Services, has become the third conglomerate to invest large cash holdings in government bonds, a trend that could boost the young debt market but also stir volatility. TCS is the third company to have meaningful investment in government securities after Reliance Industries...

  • *Oil falls, weighs on equities. June 9- U.S. stocks retreated on Thursday after three days of gains as oil prices fell and global growth worries drove investors to safer assets like bonds. That record could fall in coming days, said Bruce Zaro, chief technical strategist at Bolton Global Asset Management in Boston.

  • ZURICH, June 9- UBS's wealth management business in the Americas will cut back recruitment of financial advisers by 40 percent as part of a broader restructuring by Tom Naratil, the former finance chief who took over as Americas head at the start of 2016.. UBS Americas, headquartered in New York and New Jersey, has around 7,145 advisers, more than its target range of...

  • BERLIN, June 9- Asset managers trying to sell investment products to tech-savvy millennials need to hire younger staff who are more in tune with new ways of investing, leading industry figures say. And that means hiring outside of the industry, " Charles Goodman, chief executive at Edmond de Rothschild Asset Management UK, said. In fund manager Legg Mason's Global...

  • LONDON, June 9- Institutional asset managers worldwide suffered net outflows of $95.4 billion in the first quarter of 2016, data from research provider eVestment showed on Thursday, with equity strategies seeing the biggest outflows. The bulk of the outflows came in actively managed portfolios, which lost $70.5 billion, whilst passive equity strategies...

  • LONDON, June 9- Broker PhillipCapital UK said on Thursday it planned to raise the amount customers have to deposit with them because of the increased risk of sharp swings in the run-up to a British vote on membership of the European Union. Earlier this week, Saxo Bank also announced a hike in margins and collateral while other brokers like CMC and FXPro are...

  • *Overweight U.S. equities, European high-yield bonds. TOKYO, June 9- U.S. equities are an attractive investment as economic momentum is picking up and some bearish factors such as a strong dollar and low oil prices are diminishing, a top fund manager of UBS's $2 trillion wealth arm, told Reuters. Mark Haefele, Zurich- based global chief investment officer of UBS...

  • *Toshiba soars after India nuclear plants deal. TOKYO, June 9- Japan's Nikkei share average fell on Thursday as a strong yen soured the mood and dragged down large-cap shares. "Theses stocks listed on the Mothers market are not vulnerable to a strong yen compared to Nikkei-listed stocks," said Yoshihiro Okumura, general manager at Chibagin Asset Management.

  • TORONTO, June 8- Canada will try to supplement planned government investment in infrastructure with funding from private investors and wants to make the projects attractive to pension funds, Prime Minister Justin Trudeau said on Wednesday. There is a lot of opportunity for global capital, "Trudeau said at The Economist's Canada Summit conference in Toronto.

  • TORONTO, June 8- Canada will try to supplement planned government investment in infrastructure with funding from private investors, and wants to make the projects attractive to pension funds, Prime Minister Justin Trudeau said at a conference in Toronto on Wednesday. Trudeau's Liberals won an election in October on the back of a promise to run three...