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Diversified Financials Capital Markets

  • *Wall Street stocks fall, defensive sectors strongest. Trump, in an interview with the Wall Street Journal, also said he would not label China a currency manipulator. Its just that he may not think now is the right time to brand China a currency manipulator, "said Kathy Lien, managing director, at BK Asset Management in New York.

  • DETROIT, April 12,- Hedge fund manager David Einhorn told Reuters that a key issue in his proxy fight with General Motors Co is the automaker's refusal to allow credit rating agencies to formally rate his plan to restructure GM shares. Einhorn said in an interview that GM has refused to allow Greenlight to present to credit rating agencies its proposal to split GM...

  • April 12- A group of Tesla Inc investors have urged the electric car maker to add two new independent directors who do not have any ties with Chief Executive Elon Musk. The investors also urged that all directors be re-elected annually. California State Teachers Retirement System and Hermes Equity Ownership Services are among the five investment groups...

  • Capital market roadblocks in EMs

    Joydeep Sengupta, McKinsey & Company, says up to $800 billion in funding could be freed up in emerging markets from development of capital markets.

  • *Gemsstock had closed in June 2016 after raising $800 mln. LONDON, April 11- London- based Gemsstock is seeking to capitalise on strong demand for hedge funds focused on macroeconomic trends as it aims to raise $400 million in fresh capital, documents seen by Reuters showed. Gemsstock had closed to fresh investment in June 2016 after raising $800 million since...

  • LONDON, April 10- Hedge funds are more bullish about U.S. natural gas prices than at any time for almost three years, according to position records published by regulators and exchanges. Hedge fund long positions outnumbered short positions by a ratio of nearly 3.6: 1 on April 4, up from just 2.2 on Feb. 28, and nearing the recent high of 4.2 on Jan. 17.

  • Ellliott' s BHP demands are a mix of strategies it developed going after U.S. companies, such as Marathon Petroleum Corp, as well as foreign targets, such as South Korea's Samsung Electronics Co Ltd. The question of whether BHP is undervalued applies whether the company is Australian or American, "said Erik Gordon, a professor at the University of Michigan's Ross...

  • *Financials decline ahead of bank earnings later this week. NEW YORK, April 10- U.S. stocks ended a choppy session slightly higher on Monday as gains in energy shares offset losses in financials ahead of quarterly corporate earnings later this week. Secretary of State Rex Tillerson said on Sunday the military strikes against Syria over its alleged use of...

  • *Oil gains on Syria uncertainty, Libya oilfield shutdown. NEW YORK, April 10- Oil futures rose on Monday due to uncertainty on the situation in Syria, one of several risk concerns that helped cap stock gains and send U.S. Jitters about the upcoming French presidential election, North Korea and U.S.- Syria tensions underpinned safe-haven demand for safer U.S....

  • BOSTON, April 10- Hedge fund Jana Partners has lined up a handful of people including former Gap Inc Chief Executive Glenn Murphy to serve as possible directors at organic grocery chain Whole Foods Market, a person familiar with the matter said on Monday. Murphy bought $44 million worth of Whole Foods stock, according to a regulatory filing made by Jana Partners.

  • LONDON/ MADRID April 10- A gap in EU financial rules is allowing member countries to compete to host the trading operations of London- based investment banks after Brexit by offering looser regulatory standards. This is largely because when the ECB became responsible for euro zone supervision in 2014 the bulk of broker-dealers were in London and therefore not...

  • LONDON, April 10- Hedge funds have turned bullish towards crude oil again as international marker prices have steadied above the psychologically important $50 threshold. Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 54 million barrels in the week to April 4.

  • LONDON, April 10- Hedge funds are more bullish about U.S. natural gas prices than at any time for almost three years, according to position records published by regulators and exchanges. Hedge fund long positions outnumbered short positions by a ratio of nearly 3.6: 1 on April 4, up from just 2.2 on Feb. 28, and nearing the recent high of 4.2 on Jan. 17.

  • *Elliott Advisors urges end to dual-corporate structure. SYDNEY, April 10- BHP Billiton came under fresh pressure to restructure on Monday as activist hedge fund Elliott Advisors urged the miner to scrap its dual-corporate system, split off its U.S. oil arm and revise its capital return policy. Elliott said it also held rights with affiliates to buy up to 0.4...

  • Hedge fund manager Elliott Advisors said on Monday it has sent a plan to BHP Billiton directors to unlock shareholder value.

  • *Elliott Advisors calls for dual-corporate structure to go. SYDNEY, April 10- Hedge fund manager Elliott Advisors said on Monday it had sent a letter to BHP Billiton directors outlining a plan to unlock value by scrapping the mining giant's dual- corporate structure, demerging its oil business and rejigging its capital return policy. Elliott also said it holds...

  • *Elliott Advisors calls for LSE listing to go. SYDNEY, April 10- Hedge fund manager Elliott Advisors said on Monday it has sent a plan to BHP Billiton directors to unlock shareholder value by scrapping the miner's London Stock Exchange listing, demerging its U.S. oil arm and revising its capital return policy. Elliott also said it holds rights with its affiliates...

  • SYDNEY, April 10- Hedge fund manager Elliott Advisors said on Monday it had sent a letter to BHP Billiton directors outlining a plan to unlock value by scrapping the mining giant's London Stock Exchange listing, demerging its oil business and rejigging its capital return policy. "The goal is to provide details of the BHP shareholder value unlock plan to all of...

  • NEW YORK, April 10- Fidelity Investments Inc has become the first financial institution to join the Initiative for CryptoCurrencies& Contracts, a group of academic institutions and technology companies looking to develop blockchain-based technology. Fidelity Labs, the innovation arm of asset manager Fidelity, will be a member of IC3 along with Cornell...

  • *Rokos, Stone Milliner, Gemsstock, EDL Capital assets climb. Some of the main beneficiaries of the macro revival are managers who cut their teeth at the big macro firms such as Moore Capital Management, Brevan Howard and Tudor Investment Corp, which made their names for outperformance in 2007-2009.. Eric Siegel, head of hedge funds at Citi Private Bank, said in...