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Diversified Financials Capital Markets

  • *Mobile remains a core focus for the IDG Capital. BEIJING, April 14- IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. IDG Capital, which together with China Oceanwide Holdings Group recently...

  • NEW YORK, April 13- BlackRock Inc, the world's largest asset manager, cut total compensation for Chairman and Chief Executive Officer Larry Fink by 1 percent in 2016, according to a filing on Thursday. Fink was awarded $25.5 million in compensation last year, compared with $25.8 million in 2015, based on a calculation of his pay in line with U.S. Securities and...

  • NEW YORK, April 13- BlackRock Inc, the world's largest asset manager, held total compensation for Chairman and Chief Executive Officer Larry Fink nearly flat in 2016, according to a filing on Thursday. Fink was awarded $25.5 million in compensation last year, compared with $25.8 million in 2015, based on a calculation of his pay in line with U.S. Securities and...

  • JOHN PAULSON, AN AIG BOARD MEMBER, LARGE SHAREHOLDER AND HEDGE FUND MANAGER, TO LEAVE BOARD- PROXY.

  • NEW YORK, April 12- JPMorgan Chase& Co's retail brokerage arm, JPMorgan Securities, has hired a team of advisers from its bigger wealth management rival Morgan Stanley, where the team managed $1 billion in client assets, the bank said late Wednesday. Twin brothers Jay and Neil Canell, along with Justin Dembo joined JPMorgan in New York City, where they will operate...

  • LONDON, April 13- Peruvian and Indonesian euro-denominated bonds and Mexican sterling issues are just some of the more esoteric hard-currency issues attracting fund managers with their juicier yields compared with plain-vanilla emerging dollar bonds. Outstanding volumes of euro-denominated emerging market bonds stood at $72 billion last year, up from...

  • LONDON, April 13- Sovereign wealth fund assets all but stalled at $6.59 trillion in the year to March 2017 due to a combination of weak markets, low oil prices and shifts in government policy, a report from research provider Preqin showed. However, hydrocarbon-backed SWFs grew by $60 billion in the 12 months to March 2017, Preqin said, suggesting the worst of the...

  • The bank's net income rose to $6.45 billion in the first quarter ended March 31 from $5.52 billion a year earlier. Earnings per share rose to $1.65, beating the average analyst estimate of $1.52 per share, according to Thomson Reuters I/B/E/S. Net revenue rose 6.24 percent to $25.59 billion, compared with the estimate of $24.88 billion.

  • The bank's net income rose to $6.45 billion in the first quarter ended March 31 from $5.52 billion a year earlier. Earnings per share rose to $1.65, beating the average analyst estimate of $1.52 per share, according to Thomson Reuters I/B/E/S. Net revenue rose 6.24 percent to $25.59 billion, compared with the estimate of $24.88 billion.

  • *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...