Diversified Financials Capital Markets

  • LONDON, July 13- Aberdeen Asset Management has lifted the suspension of its 3.2 billion pound UK property fund, it said on Wednesday, as funds attempt to control withdrawals after Britain voted to leave the European Union. More than 18 billion pounds in UK commercial property funds aimed at retail investors was frozen last week following a tide of redemption...

  • TORONTO, July 12- Brookfield Asset Management said on Tuesday it had raised $14 billion for its new global infrastructure fund, giving it a war chest to hunt for assets around the world. Brookfield itself committed $4 billion. "This fundraise demonstrates that demand for infrastructure investing is growing as investors continue to increase their allocations...

  • TORONTO, July 12- Brookfield Asset Management said on Tuesday it had raised C $14 billion for its new global infrastructure fund, giving it a war chest to hunt for assets around the world. Brookfield itself committed C $4 billion. "This fundraise demonstrates that demand for infrastructure investing is growing as investors continue to increase their...

  • Bennett's civil case has drawn extra attention because the Chevy Chase, Maryland resident chose not to show up at her SEC hearing in January, part of her unusual strategy in challenging the regulator's use of in-house judges in enforcement cases. The SEC had accused Bennett of using her weekly program "Financial Myth Busting with Dawn Bennett" and other media...

  • BOSTON/ NEW YORK, July 11- Tech billionaire Elon Musk's acknowledgement that, over the years, he had "bandied about" with some of his biggest shareholders the idea of combining Tesla Motors Inc and SolarCity Corp is rare public recognition of the access and insights large investors get. Yes, there have been discussions and I think some of them see it as a natural thing...

  • LONDON, July 11- Aberdeen Asset Management said on Monday it is to keep the suspension on its 3.2 billion pound UK property fund in place for two more days, as funds attempt to control withdrawals after Britain voted to leave the European Union. The fund, which is invested in UK commercial real estate, is now looking to sell some of its assets to meet redemption...

  • LONDON, July 11- Continued hedge fund liquidation of former bullish bets on oil and the establishment of new short positions have kept crude prices on the defensive over the last month. Hedge funds and other money managers cut their bullish bets on crude oil by another 22 million barrels over the seven days ending on July 5. Hedge fund long positions have been cut...

  • LONDON, July 11- Aberdeen Asset Management said on Monday it is to keep the suspension on its 3.2 billion pound UK property fund in place for two more days. While Aberdeen is in a position to lift the suspension now "we believe it is appropriate to allow a further two days for remaining investors to be contacted," so they are all treated fairly, Chief Executive Martin...

  • ABERDEEN ASSET MANAGEMENT TO KEEP SUSPENSION OF 3.2 BLN STG UK PROPERTY FUND IN PLACE FOR TWO MORE DAYS.

  • NEW YORK, July 11- Big U.S. banks looking to wealth management to shore up their profits may have to wait for another year according to analysts, who expect market volatility to keep the business subdued throughout 2016.. Now, as banks kick off second-quarter reporting this week, analysts expect more weakness this year, citing uncertainty related to Britain's...

  • *Chinese investors buying Hong Kong stocks. SHANGHAI, July 11- Chinese investors are placing increasing bets on Hong Kong stocks, partly in search of a safe haven from the decline in the yuan, which fell last week to its lowest levels against the dollar since 2010.. Shares priced in Hong Kong dollars provide a hedge against a falling yuan- so long as the shares at least...

  • NEW YORK, July 8- Crude prices steadied in choppy trading on Friday, with Brent on track to its largest weekly drop in six months, as strong U.S. jobs data and bargain hunting by investors pitted against seasonally weak consumption of oil. "It's choppy and will likely stay so," said David Thompson, executive vice-president at Washington- based commodities broker...

  • LONDON, July 7- Commercial real estate has hit the headlines this week, a victim of the recent Brexit vote which has left over $20 billion trapped in funds that not long ago promised investors a slice of London's red-hot property market. Money placed in real estate vehicles managed by big asset management firms such as Standard Life and Henderson may have yielded...

  • July 7- Uber Technologies Inc. has secured a $1.15 billion leveraged loan, a person familiar with the matter said on Thursday, the latest capital infusion for the well-financed ride-hailing company. The Wall Street Journal first reported the amount of the loan on Thursday. The loan comes a month after the company closed a $3.5 billion funding raise from Saudi...

  • NEW YORK, July 7- U.S. hedge fund Moore Capital Management has fired a portfolio manager a day after a media report of a raucous party he threw at a rented mansion in the Hamptons, New York's summer playground for the rich and famous. Brett Barna had been employed for 6-1/ 2 years at Moore Capital, the $15 billion hedge fund run by billionaire Louis Bacon.

  • TORONTO, July 7- Canadian mergers and acquisitions slipped in the first half of 2016, with sluggish activity in natural resource sectors offsetting some large infrastructure deals, according to Thomson Reuters data released on Thursday. Deal volume fell to $108.2 billion from $137.9 billion a year ago, the data showed. The biggest transactions were...

  • BOSTON, July 7- A United Nations- supported group that works to advance principles of responsible investing will create a process to remove members after complaints that some large asset managers do little to press for reforms in areas such as climate change, its top official said. Fiona Reynolds, managing director of Principles for Responsible Investment,...

  • TORONTO, July 7- Canadian equity issues picked up steam in the first half of the year after a period of sluggish activity as resource companies took advantage of a rebound in commodity prices to tap capital markets, Thomson Reuters data showed on Thursday. Royal Bank of Canada topped the league tables rankings for investment banks shepherding new shares to...

  • LONDON, July 7- Commercial real estate has hit the headlines this week, a victim of the recent Brexit vote which has left over $20 billion trapped in funds that not long ago promised investors a slice of London's red-hot property market. Money placed in real estate vehicles managed by big asset management firms such as Standard Life and Henderson may have yielded...

  • LONDON, July 7- Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a financial center, but gave no commitment on jobs following Britain's vote to leave the European Union. One banker at the meeting with Osborne told Reuters the banks wanted to see concrete moves to ensure...