Diversified Financials Capital Markets

More

  • BOSTON, Sept 23- U.S. state securities regulators said on Wednesday they settled with LPL Financial over allegations the Boston- based brokerage firm violated sales rules and failed to implement an adequate oversight system. Boston- based LPL agreed to remediate losses for all non-traded REITS sold by the firm from Jan. 1, 2008 through Dec. 31, 2013 in violation...

  • LONDON, Sept 23- One morning in May, the chief executive of Royal Bank of Scotland, one of Britain's biggest banks, called together his senior executives for an urgent briefing. Ross McEwan had just attended a meeting with officials at the financial regulator and had important news. For three years, the bank has vigorously denied the allegations about its Global...

  • BOSTON, Sept 22- Harvard University's endowment posted a 5.8 percent return in fiscal year 2015 to hit a record $37.6 billion, the elite school's in-house fund management company said. The returns for the 12 months ended June 30 were driven by outsized profits in stocks, venture capital investments in technology and biotech, and real estate holdings, Harvard...

  • Hedge fund launches on slower pace in 2015 -HFR data Tuesday, 22 Sep 2015 | 4:04 PM ET

    BOSTON, Sept 22- The hedge fund sector is on pace for far fewer start-ups in 2015 than in the last four years, data released on Tuesday showed, illustrating the difficulty of launching a fund even in a year that has seen a handful of prominent managers set off on their own. Since January, 516 hedge funds have been launched, tracking and research firm Hedge Fund Research...

  • BOSTON, Sept 22- An executive for State Street Global Advisors said it voted to let Bank of America Chief Executive Brian Moynihan keep his additional title of chairman, votes that helped him retain the role at the bank's shareholder meeting held earlier on Tuesday. Rakhi Kumar, head of corporate governance for State Street Corp's asset management arm, said in an...

  • Sept 22- The Canada Pension Plan Investment Board said on Tuesday it has voted to strip Bank of America Corp Chief Executive Officer Brian Moynihan of his chairman's title, the biggest shareholder so far to declare its intentions in a closely watched corporate governance contest. The Canada Pension Plan Investment Board controls 103 million shares of the...

  • BOSTON, Sept 22- The Canada Pension Plan Investment Board said on Tuesday it has voted its large stake in Bank of America Corp against bylaw changes allowing the bank's chief executive officer, Brian Moynihan, to also serve as chairman. The Charlotte-based bank will hold a special shareholder meeting Tuesday morning on bylaw changes it made last year to allow...

  • Daniel Fournier, chief executive of Ivanhoe Cambridge, the real estate arm of Caisse de depot et placement du Quebec, said on Monday he won't have to take bigger risks as yields weaken, a strategy he saw many investors take before the global financial crash. Ivanhoe Cambridge, which owns C $48 billion in assets, generated an average 13 percent return a year over the...

  • China rate cuts bypass business heart of economy Monday, 21 Sep 2015 | 5:00 PM ET

    *Underlines concerns about health of China economy. HONG KONG, Sept 22- For Wu Yinghua, an executive at a mid-sized optical disc company in China, business has never been so bad. So although China has announced a volley of rate cuts to stabilise its battered stock market and reverse a slowdown in growth, SMEs are experiencing little or no benefit, underlining...

  • Galen Marsh, who worked in Morgan Stanley's private wealth management division, entered the plea in federal court in Manhattan, according to court records. While improperly accessing the client information, Marsh was in talks about landing a new job with two Morgan Stanley competitors, the documents said. In January, Morgan Stanley said up to 10 percent of its...

  • *U.S. to sell $90 billion fixed-rate coupon supply. NEW YORK, Sept 21- U.S. "It's a reversal of the dovish tone of the FOMC meeting," said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • LONDON, Sept 21- Hedge funds continued to pare short positions in U.S. crude oil last week even as the previous short-covering rally ran out of steam. Hedge funds and other money managers reduced their gross short position in the main NYMEX U.S. crude futures and options contract by 14.5 million barrels in the week ended Sept. 15. Hedge funds have reduced their gross...

  • BEIJING, Sept 21- China will expand Britain's Renminbi Qualified Foreign Institutional Investor quota based on market demand, the two countries said in a statement distributed at a briefing in Beijing on Monday. Britain said it welcomed the simplification of the RQFII and Qualified Foreign Institutional Investor scheme, according to a joint UK- China...

  • SHANGHAI, Sept 21- China stocks rose on Monday morning supported by demand for small caps while Hong Kong shares fell, with investor sentiment soured by weakness in global equity markets. Small-caps rebounded strongly, with Shenzhen's start-up board ChiNext up 3 percent, and an index tracking tech shares surging 3.2 percent. "Investors seem to be favoring...

  • Rick Rieder, chief investment officer of global fixed income at BlackRock, the world's biggest asset manager with $4.7 trillion in assets under management, told Reuters: "I had thought that investment-grade credit had very limited value for the past few years, but some of these spread levels are very attractive right now." The Fed's wary global view due to...

  • Fed's growth warning hits European, U.S. stocks. NEW YORK, Sept 18 (Reuters)- Stocks on major markets slipped on Friday and bond prices rose, pushing yields sharply lower, after the U.S. "Investors are wrestling with how concerned they should be regarding global growth," said Jeremy Zirin, chief equity strategist at UBS Wealth Management in New York.

  • LONDON, Sept 18- A hedge fund that has for years used courts to secure better debt repayment terms from Argentina has accumulated Ukraine sovereign bonds and formed a group seeking improvements to a recent debt workout, a source with knowledge of the matter said. A restructuring deal agreed in August allows Ukraine to cut principal repayments on its bonds by 20...

  • CORRECTED- ANDY HALL'S OIL-FOCUSED COMMODITIES FUND HAS $2.8 BLN IN TOTAL ASSETS UNDER MANAGEMENT AT END-AUG, UNCHANGED FROM JULY.

  • ANDY HALL'S OIL-FOCUSED COMMODITIES FUND HAS $1.7 BLN IN ASSETS UNDER MANAGEMENT AT END-AUG, VS $2.8 BLN AT END-JULY-LETTER.

  • HEDGE FUND AURELIUS HAS ACCUMULATED UKRAINE DEBT, SEEKS BETTER RESTRUCTURING TERMS FOR SEPT/ OCT 2015 BONDS- SOURCE.