Diversified Financials Capital Markets

  • ZURICH, Aug 17- Swiss private bank Falcon has been blocked from taking on new business in Singapore by the local central bank and financial regulator, Swiss newspaper Finanz und Wirtschaft said on Wednesday, citing information it had obtained. Falcon is one of the banks under investigation by the Monetary Authority of Singapore for a possible breach of...

  • HONG KONG, Aug 17- A plan to connect the giant stock markets of Shenzhen and Hong Kong offers global investors tempting access to China's fast-growing tech sector, but high valuations and a reputation for wild speculation are likely to keep many buyers at bay, money managers said on Wednesday. "Investors aren't very enthusiastic about Shenzhen because the...

  • *As rates come down in Asia, bond yields tumble. SINGAPORE, Aug 17- As returns on traditional assets have nosedived or turned more volatile in Asia, conservative investors such as pension funds and insurers have been pouring cash into alternative investments that bring the yield they need, but at significantly higher risk. Many countries in Asia only started to...

  • ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference- 1700 GMT. THURSDAY, AUGUST 18 ANCHORAGE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on the economic outlook at a luncheon hosted by...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions. Samuel Mebiame, who authorities say worked as a "fixer" for the joint venture and one of its mining companies, was charged in a criminal complaint...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions.

  • BOSTON, Aug 16- Billionaire hedge fund manager Paul Tudor Jones on Tuesday laid off roughly five dozen employees, or about 15 percent of his workforce, a person familiar with the moves said on Tuesday, in the wake of poor returns and investor redemptions. The cuts were made across the board at Tudor Investment Corp, which oversees roughly $11 billion for wealthy...

  • *Costs swell at Europe's top investment banks. *UBS chief urges rivals to look at more collaboration. LONDON, Aug 16- UBS Chief Executive Sergio Ermotti picks his words carefully.

  • Aug 15- ValueAct Capital Management LP took a 1.98 percent stake in Morgan Stanley, regulatory filings showed on Monday, drawn by the Wall Street bank's shift towards stable, fee-based businesses like wealth management.'. The San Francisco- based activist hedge fund said the market did not fully appreciate the transformation of Morgan Stanley's business since...

  • TUESDAY, AUGUST 16 KNOXVILLE, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference- 1700 GMT.

  • Donald "Jay" Lathen, Jr., who manages Eden Arc Capital Management LLC, was charged with fraud after putting the patients' names on joint brokerage accounts, along with his own, so he could buy bonds for his fund and profit by selling them back to issuers when the patients died, according to a U.S. Securities and Exchange Commission complaint. The fund could not legally be...

  • Donald "Jay" Lathen, Jr., who manages Eden Arc Capital Manager LLC, was charged with fraud after putting the patients' names on joint brokerage accounts, along with his own, so he could buy bonds for his fund and profit by selling them back to issuers when the patients died, according to a U.S. Securities and Exchange Commission complaint. The fund could not legally be a...

  • John Griffin's Blue Ridge Capital, Andreas Halvorsen's Viking Global Investors each slashed their firm's stakes in Allergan by more than half after news broke that Pfizer was walking away from the deal, according to so so-called 13 F regulatory filings released on Monday. Senator Investment Group and Jana Partners yanked their money from Pfizer.

  • NEW YORK, Aug 15- CNO Financial Group reinsurance provider Beechwood Re sought on Monday to minimize damage from its links to Platinum Partners, the hedge fund manager embroiled in dual federal probes. New York- based Platinum is being investigated by the Department of Justice and the U.S. Securities and Exchange Commission. Beechwood said Monday that it was in...

  • NEW YORK, Aug 15- A number of big-name hedge fund investors soured on U.S. stocks in the second quarter and moved to gold and other bearish bets, failing to anticipate the stock. George Soros, Jeffrey Gundlach and David Tepper were among the billionaire hedge fund investors and money managers who slashed their long equity positions in the second quarter, according...

  • LONDON, Aug 15- Hedge funds increased their bullish long positions in crude oil by the most for over two months in the week ending on Aug.9. The increase in net long positions was the largest since the middle of May and comes after hedge funds cut net long positions by a total of 309 million barrels between May 17 and Aug. 2. In the week between Aug. 2 and Aug. 9, hedge funds...

  • LONDON, Aug 15- Double-digit returns in emerging market corporate debt have spurred a record buying spree, forcing yields to 13- month lows and raising the risk that an external shock, potentially from the U.S. or Chinese economies, might produce a dramatic exit. In the past six weeks, investors have pumped a $18 billion into emerging debt funds, a record run, Bank of...

  • LONDON, Aug 14- Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay. Advisory boutiques have captured 44 percent or $1.7 billion of total completed M&A deals fees...

  • LONDON, Aug 14- Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay. Advisory boutiques have captured 44 percent or $1.7 billion of total completed M&A deals fees...