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Diversified Financials Capital Markets

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  • *Qatar, Kuwait join regional sell-off. DUBAI, Aug 20- Most Middle East stock markets fell on Thursday as oil prices and global emerging market equities extended their slump, but Saudi Arabia bounced off an eight-month low and edged up after dropping for seven sessions in a row. In a Reuters poll at the end of July, Middle East asset managers were most bearish on the...

  • Goldman Sachs's unit obtains Hong Kong banking license Wednesday, 19 Aug 2015 | 5:05 AM ET

    HONG KONG, Aug 19- A wholly-owned unit of Goldman Sachs Group received a banking license from The Hong Kong Monetary Authority, the HKMA announced on Wednesday, in a step that creates a local subsidiary through which the U.S investment bank can book its trades. The so-called restricted banking license that Goldman Sachs has obtained allows it to take deposits of...

  • NEW YORK, Aug 18- James McCool, a longtime Charles Schwab Corp executive who most recently ran its client solutions group, has moved to a new position involving "key corporate strategic initiatives," according to a filing on Tuesday with the U.S. Securities and Exchange Commission. In November 2014, Schwab replaced Gill and John Clendening as co-heads of its retail...

  • SAO PAULO, Aug 18- Brazil's OAS Investimentos SA, whose parent company is under creditor protection, has so far received five proposals for a stake in infrastructure company Invepar, with bidders also looking to buy its environment services and oil drilling units, executives said on Tuesday. In June, Reuters reported that Canadian asset manager Brookfield...

  • Aug 18- JPMorgan Chase& Co is in advanced talks with U.S. regulators to pay more than $150 million to resolve allegations that it steered private-banking clients to its own products without proper disclosures, the Wall Street Journal reported, citing people familiar with the matter. U.S. Securities and Exchange Commission investigators have been examining...

  • NEW YORK, Aug 18- DoubleLine Capital's co-founder Jeffrey Gundlach warned on Tuesday that it might be premature for the U.S. The Los Angeles- based DoubleLine Capital had $76 billion in assets under management as of June 30. The DoubleLine Total Return Bond Fund, DoubleLine's largest portfolio by assets and run by Gundlach, had positive inflows in July.

  • LONDON, Aug 18- A relatively small group of hedge fund managers has placed a record bet on U.S. oil prices declining further in the months ahead. Hedge funds and other money managers had accumulated gross short futures and options positions totalling 163 million barrels in the main NYMEX light sweet crude contract by Aug. 11, according to data released by the...

  • Aug 18- Morgan Stanley's U.S.-based wealth management business is cutting the number of its foreign accounts to focus on its most profitable customers, a person familiar with the bank's thinking said. Smaller accounts will be served through a Morgan Stanley call center. Morgan Stanley will focus on working with customers in more profitable countries, mainly...

  • Hedge funds take fresh look at General Motors in Q2 Friday, 14 Aug 2015 | 6:13 PM ET

    BOSTON, Aug 14- Several prominent hedge fund managers made bigger bets on U.S. automaker General Motors during the second quarter, despite the company's battling a deadly ignition defect and tangling with shareholders over its stock price. Greenlight Capital's David Einhorn bought 7.9 million shares between April and the end of June, raising his investment...

  • NEW YORK, Aug 14- Top U.S. hedge funds made bullish bets on the energy sector in the second quarter even as companies' shares began a slide toward multi-year lows on concerns about oversupply, regulatory filings showed on Friday. Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second...

  • TORONTO, Aug 14- The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, reported a small quarterly investment loss as declines in equity and fixed income markets offset gains in other investments. The manager of Canada's public pension fund said net assets were C $268.6 billion as of June 30, that was up from C $264.6 billion as of March 31,...

  • BOSTON, Aug 14- Legendary investor Warren Buffett was not the only one to turn sweet on Precision Castparts Corp this summer. Buffett's plan to pay $32.3 billion for the Precision Castparts Corp, announced on Monday, helped push the stock price up nearly 19 percent this week, likely making for a handsome payoff for the funds that took new positions or raised stakes.

  • BOSTON, Aug 14- Top U.S. hedge funds added to their positions in Apple Inc during the second quarter, even as shares of the iPhone maker were flat during the period. Filings with the U.S. Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue Management added 860,000 Apple shares during the three months ended June 30, giving it 8.5...

  • Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second quarter, a period when the S&P 500 energy index lost 2.6 percent. Seth Klarman's Baupost increased its stake in Cheniere Energy by 1.5 million shares over the quarter, leaving it with 15.4 million shares, and raised its bet on Pioneer...

  • MONTREAL, Aug 14- Caisse de depot et placement du Quebec, Canada's second-largest pension fund manager, said it will have to raise its "game" if it is to continue to deliver yields like the weighted average return of 5.9 percent it reported Friday for the first half of 2015.. The Caisse, which manages public pension plans in the predominantly French-speaking...

  • LONDON, Aug 14- The year so far has been a good-news story for the top brass of equities trading, with big European investment banks and exchanges reporting bumper revenue and volume increases. While activity has been helped by a resurgence of volatility due to things such as the European Central Bank's bond-buying, Greece's fight to avert bankruptcy and the...

  • BOSTON, Aug 14- Top U.S. hedge funds added shares of Apple Inc in the second quarter, even as shares of the iPhone maker were flat during the period. Filings with the U.S. Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue Management added about 860,000 shares of the iPhone maker during the three months ended June 30, giving it...

  • MONTREAL, Aug 14- Caisse de depot et placement du Quebec, Canada's second-largest pension fund manager, said it will have to "raise its game" if it is to continue to deliver yields like the weighted average return of 5.9 percent it reported Friday for the first six months of 2015.. The Caisse, which manages public pension plans in the predominantly French-speaking...

  • BOSTON, Aug 14- Ford Motor Co said it was dropping Contrafund as an investment option in its employee retirement accounts, pulling an estimated $900 million from Fidelity Investments' flagship mutual fund. Contrafund, managed by Will Danoff, is a behemoth in the mutual fund industry, with $113 billion in assets. Mainstay Capital Management LLC Chief Executive...

  • Aug 14- Activist investor Sandell Asset Management Corp said Ethan Allen Interiors Inc should consider selling itself to a private equity firm or monetizing its real estate holdings. Sandell, which owns about 5.5 percent of the furniture retailer, said the company could be worth about $41 per share with its real estate fetching about $450 million, or $16 per...