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  • ZURICH, Feb 4- Swiss bank UBS is hiring former ING executive Eli Leenaars a vice-chairman of its flagship private bank, in a bid to win new clients among the ultra wealthy. "Eli has built up a substantial and worldwide network of contacts right across the industry which he is keen to leverage for UBS," UBS private bank head Juerg Zeltner wrote in a memo to staff on...

  • DIARY- Top Economic Events to Feb 17 Tuesday, 3 Feb 2015 | 7:01 PM ET

    CALIFORNIA- Andrew Gracie, Bank of England's executive director for resolution, speaks at the FIA-SIFMA asset management derivatives forum- 1200 GMT. COLUMBUS- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economy before the Ohio Bankers League annual economic summit- 1745 GMT. LONDON- Bank of England holds monetary policy...

  • NEW YORK, Feb 3- Credit Suisse Group is getting out of the U.S. equity retail market-making business by the end of the first quarter after failing to gain enough scale to justify continuing, the bank confirmed on Tuesday. The decision was part of Credit Suisse's ongoing review of its investment banking business and does not affect the rest of its retail execution...

  • Feb 3- DuPont has interviewed activist investment firm Trian Fund Management LP's slate of directors, including its founder Nelson Peltz, according to people familiar with the matter, a step that could lead to a compromise with the chemical company over the composition of its board. Trian has put John Myers, Arthur Winkleblack, Robert Zatta and Peltz forward for...

  • Feb 3- Activist investor Mick McGuire said Tuesday Lear Corp's stock price could surge by nearly 50 percent if the auto supplier splits into two publicly traded companies, a proposal that Lear's management said it was considering. McGuire's $3- billion hedge fund Marcato Capital Management, which owns 4.6 percent of Lear's shares, proposed dividing the auto...

  • Feb 3- U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities and Exchange Commission said in a report. Cybersecurity is a growing concern for business, as highlighted by recent hacking incidents at Home Depot Inc, Sony...

  • NEW YORK, Feb 2- DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, whose co-founder Bill Gross was fired last year, on Monday reported a monthly record net inflow in January of $3.04 billion. The Los Angeles- based firm, whose co-founder Jeffrey Gundlach is Gross's fiercest rival in the bond market, said the previous strongest...

  • RIYADH/ KHOBAR, Saudi Arabia, Feb 2- Several of Saudi Arabia's largest listed companies said on Monday they would pay out hundreds of millions of dollars in bonuses, days after the new king ordered a handout to Saudi state employees to mark his accession. Saudi Arabia has sold minority stakes in big state firms and listed them on its bourse partly to expose them to...

  • ZURICH, Feb 2- Swiss bank Julius Baer plans to cut around 100 million Swiss francs of costs, including about 200 jobs, it said on Monday, blaming the recent surge in the Swiss currency. Private bank Julius Baer, which employs around 5,250 staff worldwide, said it aimed to cut both personnel and general costs. Zurich- based Baer said adjusted net profit in 2014 rose 22...

  • Wilmington, Del., Jan 30- Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy. A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share in 2012 to acquire Ancestry.com and rejected hedge fund claims the...

  • Wilmington, Del., Jan 30- A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share. The online family research company was sold to European private equity firm Permira Advisors in 2012. The private equity firm paid 40...

  • BOSTON, Jan 30- Hedge fund mogul William Ackman is ready to make a new bet, not on a stock this time but a startup hedge fund, Clearfield Capital Management. Ackman, who runs $18 billion Pershing Square Capital Management, told investors on Thursday he plans to make his biggest ever commitment to an outside hedge fund. Ackman and Hilal have known each other for more...

  • LONDON, Jan 30- The European Central Bank's quantitative easing programme may prove to be major central banks' last salvo in their post-crisis battle to revive growth, heal the financial system and kill off the threat of deflation. Germany's benchmark 10- year yield fell 140 basis points last year, Italy's 220 bps and Spain's 240 bps, all to record lows.

  • BEIJING, Jan 30- China's securities regulator said on Friday it will punish five fund management companies for faulty internal controls that led to insider trading, another move in a Beijing's widening crackdown on Chinese brokerages and fund managers. The China Securities Regulatory Commission named only two of the five: China Asset Management Co Ltd and...

  • Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 10:13 AM ET

    Blackstone reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.

  • Janus profit up after Gross helps bring inflows Thursday, 22 Jan 2015 | 11:30 AM ET
    Bill Gross

    Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.

  • BlackRock's earnings beat Wall Street estimates Thursday, 15 Jan 2015 | 7:44 AM ET
    Larry Fink, Chairman and CEO of BlackRock.

    BlackRock, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased.

  • Vanguard execs issue warning on risks of deflation Friday, 9 Jan 2015 | 7:26 AM ET

    Executives at Vanguard Group warned that deflation is a real risk for the global economy while downplaying inflation concerns for the United States.

  • Most of Bill Gross's Janus money came from... Thursday, 8 Jan 2015 | 6:49 AM ET
    Bill Gross

    More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.

  • Choppy markets to see IPOs pulled? Tuesday, 6 Jan 2015 | 2:25 AM ET
    Choppy markets to see IPOs pulled?

    John West, ECM editor at Mergermarket / Dealreporter, discusses whether volatile markets will push companies to pull their initial public offerings.