Diversified Financials Capital Markets

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  • NEW YORK, Oct 8- Famed bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying he was driven out of the bond fund giant he helped found by a greedy "cabal" of executives who wanted his huge bonus for themselves. In a complaint filed on Thursday in the California Superior Court in Orange...

  • CLINTON'S WALL STREET PROPOSAL WOULD INCLUDE INCREASED REPORTING REQUIREMENTS FOR HEDGE FUNDS AND PRIVATE EQUITY FIRMS.

  • BOSTON, Oct 7- BOSTON, Oct 7- Hedge funds are down 1.35 percent this year after a fourth straight month of losses in September, which marks the longest consecutive period of declines since the financial crisis, data released Wednesday shows. Hedge funds on average dropped 1.07 percent last month, following a 2.27 percent decline in August, according to data from...

  • Oct 7- Regulation and legislation have failed in the attempt to improve Wall Street company research, at least if accuracy is the measure of success. Therefore, even if we assume that the regulations caused the improvement in the observed analyst forecast properties in the short run, they did not have a lasting effect, "write Hassan Espahbodi and Pouran Espahbodi...

  • Market rules behind Aug ETF trading issues -BlackRock Wednesday, 7 Oct 2015 | 11:00 AM ET

    NEW YORK, Oct 7- U.S. stock exchange rules designed to protect investors from market routs backfired on Aug. 24, exacerbating a selloff in exchange traded funds, BlackRock Inc said in a report published Wednesday. BlackRock blamed both automated selling by investors and exchange-required trading halts for a dislocation in ETF pricing that morning, when a broad...

  • Investors pulled some $3.2 billion from emerging market equity exchange-traded products in September, global data from asset manager BlackRock showed, and net outflows are at almost $30 billion for the year to date. But BlackRock said outflows seemed to be abating. "Q3 outflows for the category remain significant, and while it might be too early to call the...

  • JOHANNESBURG, Oct 7- SABMiller's fourth largest shareholder, the Public Investment Corporation, said on Wednesday Anheuser-Busch InBev's takeover offer addressed its one of its concerns which is for SABMiller to remain listed in Johannesburg bourse.

  • HEDGE FUND MANAGER BILL ACKMAN SAYS HILARY CLINTON VIEW ON PHARMACEUTICAL REGULATION HAS NOT CHANGED VIEW OF SECTOR.

  • Bain Capital latest to shutter macro hedge fund Tuesday, 6 Oct 2015 | 3:48 PM ET

    NEW YORK, Oct 6- The ripple effects from this summer's global financial market turmoil have claimed two more victims this week, most recently Bain Capital's Absolute Return Capital hedge fund. Bain Capital told investors in a letter Tuesday that its $2.2 billion Absolute Return Capital, which manages assets in fixed income, equity, commodity and currency...

  • NEW YORK, Oct 6- Goldman Sachs and Morgan Stanley are winning back the trading business of hedge fund clients that they lost to European rivals during the financial crisis, as new capital rules spur banks like Deutsche Bank to scale down their businesses. The market share gains are fueling stock trading profits at JPMorgan Chase& Co. as well as at Goldman and...

  • *Move follows closed-door discussion on money-printing plans. FRANKFURT, Oct 6- The European Central Bank has agreed a new code of conduct to stop top officials giving select groups sensitive information, months after a rate-setter was criticised for discussing money printing plans with hedge funds. Nonetheless, some investors cried foul and the EU's top...

  • Oct 5- Activist investor Nelson Peltz's fund has bought a $2.5 billion stake in General Electric Co, adding fresh pressure on the U.S. conglomerate to shift away from finance operations toward its industrial roots. Shares of Dow industrials component GE rose 4 percent to $26.48 in morning trading on Monday after Peltz's Trian Fund Management disclosed its...

  • WASHINGTON, Oct 5- The U.S. Supreme Court on Monday left intact an appeals court decision that allowed a financial adviser to sue Charles Schwab Corp over allegations that the brokerage firm deviated from objectives set for a mutual fund, costing investors millions of dollars in losses. The court rejected Schwab's appeal of a March ruling by the 9th U.S. Circuit...

  • Oct 5- Nelson Peltz's Trian Fund Management said it bought $2.5 billion in shares of General Electric Co since May, making it one of the top 10 shareholders in the industrial conglomerate. "Trian believes GE has significant long-term potential and that its implied target value per share, including dividends, could be $40 to $45 by the end of 2017 based on our view...

  • Italy seeks to prosecute S&P and Fitch over ratings Monday, 5 Oct 2015 | 12:39 AM ET

    Five employees from Standard & Poor's and one from Fitch are accused of inflicting unjustified damage to Italy, the FT reports.

  • Pimco fund posts $2.3 bln net outflows in September Friday, 2 Oct 2015 | 7:56 PM ET

    Oct 2- Investors pulled $2.3 billion in assets from Pacific Investment Management Co's flagship fund in September, up from $1.8 billion the previous month, as market sentiment soured over persisting concerns of the impact of Chinese slowdown on the global economy and oil prices slid further. The Pimco Income Fund reached nearly $50 billion in assets under...

  • BOSTON, Oct 2- U.S. hedge funds are bracing for their worst year since the 2008 financial crisis after a dramatic sell-off in healthcare and biotechnology stocks triggered double-digit losses for some prominent players last month. Since then, hedge funds have had only one down year, when they lost 5.25 percent in 2011, data from Hedge Fund Research show.

  • The September loss means the oil-focused fund managed by Hall's Astenbeck Capital Management in Southport, Connecticut has been down in six months out of this year's nine, based on earlier data circulated by the firm to investors in August and seen by Reuters. The average energy-focused commodity hedge fund tracked by Chicago- based Hedge Fund Research was up...

  • NEW YORK, Oct 2- DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned after a weak non-farm payrolls report on Friday that the U.S. equity market as well as other risk markets including high-yield "junk" bonds face another round of selling pressure. "The reason the markets aren't going lower is people are holding and...

  • TORONTO, Oct 2- Royal Bank of Canada led a rise in the value of Canadian equity issues for the first nine months of 2015, overcoming a slowdown in the third quarter due to increased choppiness in equity markets. BMO Capital Markets was No. 2 in the league table rankings, followed by Bank of Nova Scotia. The biggest deal of the year so far was a C $2.2 billion equity raise...