Diversified Financials Capital Markets

  • NEW YORK, April 13- Pacific Investment Management Co's assets under management stood at $1.5 trillion at the end of March, up from $1.43 trillion at the end of 2015, the first increase in nearly two years, the bond fund manager said on Wednesday. The Pimco Income Fund, which is overseen by group Chief Investment Officer Dan Ivascyn, had an additional $1.5 billion in...

  • April 13- Australia's Macquarie Group Ltd shed close to 15 percent of its U.S. investment banking workforce this month to replenish its ranks with star performers in North America, according to people familiar with the matter. The action comes as other international banks reconsider their U.S. investment banking strategy. Earlier this week, Japan's Nomura...

  • April 13- Bond giant Pacific Investment Management said on its website Wednesday that its assets under management stood at $1.5 trillion at the end of March, up from $1.43 trillion at year-end. "Pimco saw inflows into more than 40 funds during March, across strategies as varied as income, investment grade credit, high yield, mortgages and munis," a spokesman said.

  • NEW YORK, April 13- One of the most popular actively managed ETFs, the Pimco Total Return Active Exchange-Traded Fund, has seen its assets stagnate as investors have gravitated toward rival funds and lower-cost passive bond ETFs, Morningstar data show. In the first quarter the fund, also known as BOND, posted net withdrawals of $37.6 million while the overall bond...

  • NEW YORK, April 13- Investing in Glacial Energy Holdings Inc should have been a disaster. By 2013, Texas utility regulators had fined Glacial $100,000 for overbilling customers and not disclosing that founder and Chief Executive Officer Gary Mole's previous energy venture had collapsed. Mole was forced to resign from the company's Texas subsidiary.

  • NEW YORK, April 13- One of the most popular actively managed ETFs, the Pimco Total Return Active Exchange-Traded Fund, has seen its assets stagnate as investors have gravitated toward rival funds and lower-cost passive bond ETFs, Morningstar data show. In the first quarter the fund, also known as BOND, posted net withdrawals of $37.6 million while the overall bond...

  • *1st qtr EPS $1.35 vs est. *Revenue $24.08 bln vs est. "We expect results will be best in class and may be a rare example of a bank stock this quarter where consensus estimates could remain steady post results," Goldman Sachs analyst Richard Ramsden wrote in a client note.

  • *1st qtr EPS $1.35 vs est. *Revenue $24.08 bln vs est. A slide in commodity and oil prices, a slowdown in China, near-zero interest rates, mounting regulatory costs and hefty capital requirements have all contributed to the weakness.

  • The bank's net income fell to $5.52 billion in the first quarter ended March 31, from $5.91 billion a year earlier. On a per-share basis, earnings fell to $1.35 from $1.45. Total revenue fell 3 percent to $24.08 billion, beating the average estimate of $23.40 billion, while revenue from fixed-income trading- often JPMorgan's most volatile business- fell 13.4...

  • SAO PAULO, April 13- Brazil's harshest recession in decades and deepening political turmoil are preventing buyers and sellers from finalizing dozens of mergers and acquisitions amid wide disagreements over valuations, according to dealmakers. "The biggest challenge in times of high uncertainty like this is to bridge the diverging pricing views between...

  • SINGAPORE/ HONG KONG, April 13- JPMorgan Chase& Co has cut 30 jobs, or 5 percent of its headcount, at its Asia wealth management business, a source with direct knowledge of the matter said, as the U.S. bank sharpens its focus on tapping wealthier clients. The job cuts would affect the bank's Singapore and Hong Kong offices, the source said, declining to be identified...

  • SINGAPORE/ HONG KONG, April 13- JPMorgan Chase& Co has cut 30 jobs, or 5 percent of its headcount, at its Asia wealth management business, a source with direct knowledge of the matter said, as the U.S. bank sharpens its focus on tapping wealthier clients. The job cuts would affect the bank's Singapore and Hong Kong offices, the source said, declining to be identified...

  • April 12- Nomura Holdings Inc is laying off more than two-thirds of its U.S. employees who focus on leveraged buyouts, people familiar with the matter said on Tuesday, as the Japanese bank announced broad strategic changes in Europe and the United States to boost profits. The staff cuts began on Tuesday as Nomura announced the strategic changes after losing...

  • NEW YORK, April 12- A key rule governing the U.S. stock market that effectively forces stock orders to be sent to the exchange displaying the best quoted price is outdated and should be scrapped, said an executive of the world's largest sovereign wealth fund. Institutional investors, however, hold 80 percent of U.S. stocks and are far more active market...

  • NEW YORK/ BOSTON, April 12- The U.S. government's lawsuit against ValueAct Capital targets one activist investor but could call into question routine practices across the $16 trillion mutual fund industry, according to attorneys and industry representatives. The U.S. Department of Justice last week alleged that the hedge fund improperly classified two...

  • BOSTON, April 12- Och-Ziff Capital Management shares dropped 24 percent to a record low on Tuesday on the possibility that the U.S. hedge fund would have to plead guilty to bribing government officials in Africa. The Wall Street Journal first reported the settlement talks and said U.S. regulators were seeking a fine of as much as $400 million from Och-Ziff, based...

  • Movement in secondary market

    Atish Davda, EquityZen CEO, talks about investing in the secondary market, and his company's aim of helping private shareholders and early investors free up liquidity.

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Shares of the New York- based firm- one of the few publicly traded hedge fund firms, with $42 billion in assets under...

  • CEO HASSELL SAYS WILL CONTINUE TO EVALUATE LINE UP OF BOUTIQUE ASSET MANAGERS.

  • LONDON, April 12- A rise in oil prices and gains for some European banking shares helped prod stock markets into positive territory on Tuesday, in a week dominated by what second-quarter corporate earnings will say about the state of global markets and growth. The mood among investors in Europe and the United States has been subdued before earnings season.