Diversified Financials Capital Markets

  • BOSTON, Aug 12- Billionaire hedge fund manager David Tepper cut back on some of his biggest bets in the energy sector and sold off other names during the second quarter, according to a regulatory filing on Friday. Tepper's Appaloosa Management cut its stakes in Williams Partners and Energy Transfer Partners by nearly 30 percent and exited Range Resources Corp....

  • LONDON, Aug 12- Equity funds attracted $6.5 billion of inflows this week, the first inflows into global stocks in a month, as investors returned to U.S. markets and continued to pile into emerging assets, Bank of America Merrill Lynch said on Friday. "Sentiment getting more bullish but not yet at an extreme," BAML's global strategy team, led by Michael Hartnett in New...

  • KUALA LUMPUR, Aug 12- Malaysia's Islamic finance market is set for a much-needed boost when the country's largest pension fund launches a 100 billion ringgit Islamic fund in January, offering a potential boon for asset managers. The Employees Provident Fund's sharia-compliant pension plan opened to acclaim this week with Malaysians lining outside its...

  • The New York- based investment bank has appointed two co-heads of North American healthcare investment banking, Jennifer Fox and Toby King, the memo said. In addition, Anthony Hartley took on the role of head of healthcare investment banking for Europe, the Middle East and Africa, the memo said. Healthcare investment bank Leerink Partners LLC hired veteran...

  • *Steinhoff raises agreed bid for Poundland to 610.4 mln stg. LONDON, Aug 11- South African retailer Steinhoff raised its agreed offer for Britain's Poundland to 610 million pounds and said the revised terms were final, challenging investor Elliott Capital to back the deal or risk its collapse. "By offering Poundland shareholders an improved cash offer we aim to...

  • NEW YORK/ BOSTON, Aug 11- Legg Mason Inc's Bill Miller, whose mutual fund beat the S&P 500 handily for 15 consecutive years at the turn of the century, is riding off into the sunset after his recent lagging returns left a trail of disappointed investors. He won high regard for picking "value" stocks and making big bets on them with the Legg Mason Capital Management Value...

  • NEW YORK, Aug 11- Wells Fargo& Company named David Kowach to head its retail wealth management division, Wells Fargo Advisors, the nation's third-largest brokerage, on Thursday. He succeeds Mary Mack, who left Wells Fargo Advisors last month to head up Wells' community banking business. In his new role, he will takes on managing an additional 4,000 bankers under the...

  • TORONTO, Aug 11- The Canada Pension Plan Investment Board warned on Thursday of more uncertainty following Britain's decision to leave the European Union after the vote curbed gains in its investments during the last quarter. The CPPIB, which manages Canada's national pension fund, on Tuesday reported gross investment returns of 1.5 percent in the first...

  • BOSTON/ SAN FRANCISCO, Aug 11- Some U.S. mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been marking up at a rate far greater than the broad stock market. Mutual funds' involvement also helped boost the number of so-called unicorns- private companies valued at $1 billion or more.

  • SAO PAULO, Aug 11- Carlyle Group LP and Brazilian investor Guilherme Paulus raised a combined 1.230 billion reais from the partial sale of their stakes in Brazilian travel agency CVC Brasil Operadora SA, a sign investors are slowly returning to Latin America's largest equity market. Before the offering, Carlyle and Paulus had about 69 percent of Brazil's...

  • *Steinhoff raises agreed bid for Poundland to 610.4 mln stg. LONDON, Aug 11- South African retailer Steinhoff raised its offer for Britain's Poundland to 610.4 million pounds on Thursday, seeking to smooth the passage of an agreed deal after an activist investor increased its stake in the discount chain. The $28- billion hedge fund, founded by American...

  • BOSTON/ SAN FRANCISCO, Aug 11- Some U.S. mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been marking up at a rate far greater than the broad stock market. Mutual funds' involvement also helped boost the number of so-called unicorns- private companies valued at $1 billion or more.

  • There's still time yet to set up the Shenzhen-HK Stock Connect in 2016, Charles Li told CNBC.

  • TUESDAY, AUGUST 16 KNOXVILLE, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference- 1700 GMT.

  • The so-called "weighted average maturity" of securities held in prime funds aimed at institutional investors stood at 16 days as of Aug. 9, said iMoneyNet, the lowest since at least 1991. The latest SEC rules aim to make the prime funds safer after the category ran into trouble during the financial crisis, such as by allowing them to let their net asset values vary...

  • NEW YORK, Aug 10- A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon's $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas belongs there. Supreme Court Justice Cynthia Kern in Manhattan wrote that...

  • SAO PAULO, Aug 10- Grupo BTG Pactual SA, a Brazilian investment bank that has slashed assets by one-fourth since the November arrest of founder André Esteves, is considering share buybacks or even takeovers after the cutbacks will leave it with $1 billion in excess capital. Executives at BTG Pactual said on Wednesday they are open to all options to deploy spare...

  • Aug 10- Wall Street bonuses are expected to decline this year for both bankers and traders, compensation consulting firm Johnson Associates Inc. said on Wednesday. Year-end compensation will down 5 to 15 percent for investment bankers that advise on mergers and acquisitions, according to the most widely followed report concerning compensation on Wall...

  • Costantini, president of asset management and real estate firm Consultatio, has made a name for himself in recent decades with luxurious residential mega-projects, such as the massive Nordelta community north of Buenos Aires. In an interview on Tuesday as part of a Reuters Summit event on Argentina, he said a high-end real estate recovery that began with an...

  • BEIJING, Aug 10- China's outstanding household mortgages are growing rapidly, fuelled by property demand, but the growth is unsustainable in the long-term, a Chinese investment bank has said in a report. Total outstanding mortgages grew 31 percent on the year to stand at 16.8 trillion yuan by June, to account for 24 percent of annualised GDP over the past year, a low...