Diversified Financials Capital Markets

  • LONDON, June 24- Some bankers advising companies on takeovers and initial public offerings have all but written off big-ticket activity for the rest of 2016, after a British vote to leave the European Union poleaxed company valuations and executive confidence. Pre-Brexit jitters had already taken a toll with mergers and acquisition activity in Britain and...

  • *Shares in UK banks, asset managers sink at market open. LONDON, June 24- Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, leaving question marks over London's status as Europe's premier financial centre. All depends on the divorce between Europe...

  • *Shares in UK banks, asset managers sink at market open. LONDON, June 24- Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, leaving question marks over London's status as Europe's premier financial centre. All depends on the divorce between Europe...

  • *Shares in UK banks, asset managers sink at market open. LONDON, June 24- Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, leaving question marks over London's status as Europe's premier financial centre. All depends on the divorce between Europe...

  • LONDON, June 23- The head of Schroders multi-asset business, Nico Marais, has left as part of a reorganistion that will see the unit split into two separate investment teams, the London- listed global asset manager said. The new Multi-Asset division will be run globally by Johanna Kyrklund and will focus on dynamic asset allocation and portfolio construction.

  • NEW YORK, June 23- Federal prosecutors in Manhattan are pursuing insider trading cases on a pace not seen since 2012- before a major appellate ruling limited their ability to bring charges against hedge fund managers and other traders. Since May alone, those charged include famed Las Vegas sports gambler William "Billy" Walters and hedge fund manager Sanjay...

  • *Regulators aim to curb contagion risk from fund sector. LONDON, June 22- Global regulators have proposed a raft of measures to curb contagion risks from the world's $76 trillion asset management sector, though stopping short of imposing tougher capital requirements. As banks shrink balance sheets in the face of tougher capital rules since the financial...

  • NEW YORK, June 22- The death of Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who had been charged last week in a major insider trading case, has been declared a suicide, the New York City medical examiner's office said on Wednesday. Valvani died of stab wounds to his neck, and the manner of death was suicide, medical examiner spokeswoman Julie...

  • *Regulators aim to curb contagion risk from fund sector. LONDON, June 22- Global regulators have proposed a raft of measures to curb contagion risks from the world's $76 trillion asset management sector, though stopping short of imposing tougher capital requirements. As banks shrink balance sheets in the face of tougher capital rules since the financial...

  • LONDON, June 22- The Financial Stability Board, which coordinates financial sector rules for the Group of 20 Economies, set out 14 policy measures on Wednesday to stop asset management activities from destabilising the financial system. The measures stop short of requiring asset managers to hold more capital, a step they and some market regulators have said...

  • *Nearly 2.2 million people work across the UK in financial and related professional services. *UK financial and professional services contributed 190 billion pounds to the UK economy in 2014. *UK financial services contributed 67 billion pounds in tax revenue in 2014/ 15, or 11 percent of total UK tax receipts.

  • *Nearly 2.2 million people work across the UK in financial and related professional services. *UK financial and professional services contributed 190 billion pounds to the UK economy in 2014. *UK financial services contributed 67 billion pounds in tax revenue in 2014/ 15, or 11 percent of total UK tax receipts.

  • NEW YORK, June 22- Private Advisors is liquidating approximately $1 billion from a nearly two decade-old hedge fund investment strategy and its head of hedge funds has departed the firm, according to a spokesman with majority owner New York Life Investment Management Holdings. New York Life spokesman Jacqueline Meere said in an email on Tuesday that Private...

  • *UK fund cash levels at 5- year high- Lipper data. While the bosses of Aberdeen Asset Management and Jupiter Fund Management are among those to have played down the impact on their businesses of a vote to leave the EU, many of Britain's money managers worry that billions of pounds held in UK assets would seek a safer home elsewhere. The result is that the mean average...

  • LONDON, June 22- Gold's sharp gains on uncertainty over Britain's European Union membership are likely to come to an end, regardless of whether Britons vote to leave or remain in Thursday's referendum. Prices hit their highest since August 2014 last week as the $5- trillion a year gold market rose with other "safe" assets, such as German bunds, the Swiss franc and...

  • China Markets

    Deutsche AM's Sean Taylor says China's new regulation, which allows foreign firms to issue shares on mainland markets, is part of its market reform.

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was criminally charged last week in a major insider trading case, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening in the bedroom of his Brooklyn home with a wound to his neck, a New York Police Department...

  • June 21- Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was criminally charged last week in a major insider trading case, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening in the bedroom of his Brooklyn home with a wound to his neck, a New York Police Department...

  • TORONTO, June 21- The Canada Pension Plan Investment Board, which manages the assets of the country's national pension fund, said on Tuesday it does not expect a proposed expansion to the plan to have a significant impact on its overall investment strategy. It had C $279 billion in assets under management at the end of March and has forecast that will grow to C $300...

  • June 21- Investment bank Jefferies Group LLC said on Tuesday its quarterly results had returned to a more normal level, as stock and bond trading conditions improved. Jefferies, a unit of Leucadia National Corp, said overall trading revenue rose around 21 percent to $462 million in the fiscal second quarter ended May 31, as markets have stabilized in the last...