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  • BOSTON, Feb 26- The Collins Alternative Solutions Fund, a mutual fund that offered hedge fund strategies to retail investors, was shut down after suffering double-digit losses in 2015 and falling more this year. "The board concluded that it would be in the best interests of the fund and its shareholders that the fund be closed and liquidated," Collins Capital said...

  • BOE'S CARNEY- FSB TO MAKE POLICY RECOMMENDATIONS ON STRUCTURAL VULNERABILITIES IN ASSET MANAGEMENT ACTIVITIES.

  • WASHINGTON, Feb 25- Herbalife Ltd is in talks with government regulators regarding a probe of the company's business practices and said that the outcome of the talks was uncertain, the company said in a filing on Thursday. The Federal Trade Commission opened a probe of Herbalife following allegations by hedge fund manager William Ackman that it had a...

  • Feb 25- Morgan Stanley is restructuring the investment management business by moving executives into new roles, the bank said in a memo on Thursday, as head Dan Simkowitz looks to improve the unit's structure. Michael Levy, who has held a number of senior roles across investment management, becomes the group's chief operating officer, according to a memo, the...

  • Feb 25- Detroit Mayor Mike Duggan proposed a $2.6 billion fiscal 2017 budget on Thursday that he said could be the city's ticket to removing state oversight of its finances. A financial review commission was created under Michigan law to oversee a post-bankruptcy Detroit until it reaches certain benchmarks. Detroit Chief Financial Officer John Hill said the...

  • Feb 25- Wall Street gained on Thursday as strong U.S. manufacturing data pointed to a recovery in the struggling sector and some investors saw opportunities after weeks of volatility. Some investors took Wall Street's recent gains as a sign that prices are stabilizing. "I have a lot of people calling me and saying' Hey, I've got $50,000 in the bank earning zero...

  • Feb 25- U.S. real estate investment trust Rouse Properties Inc said Canadian asset manager Brookfield Asset Management Inc agreed to buy the company in a sweetened deal valued at about $2.8 billion, including debt. Brookfield Asset's latest cash offer of $18.25 per share represents a premium of 2.82 percent to Rouse's Wednesday close and values the real...

  • Feb 25- Real estate investment trust Rouse Properties Inc said asset manager Brookfield Asset Management Inc agreed to buy the company in a deal valued at about $2.8 billion, including debt.

  • BEIJING, Feb 25- China has granted six large banks quotas to issue asset-backed securities with non-performing loans as underlying assets, adding a fresh way for lenders to manage troubled loans, two sources with direct knowledge of the issue told Reuters. Bad loans at China's commercial banks swelled to a decade-high 1.27 trillion yuan in 2015 as growth in the...

  • BEIJING, Feb 25- China has appointed two central government firms to become industrial asset managers and will transform a handful of state-owned enterprises into pilot investment firms as it looks to overhaul weaker areas of its economy as growth cools to 25- year lows. Two central government-owned asset management and investment firms, China Chengtong...

  • BEIJING, Feb 25- China has granted six large domestic banks quotas to issue asset-backed securities with non-performing loans as underlying assets, two sources with direct knowledge told Reuters. The six banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, Bank of Communications...

  • *Citi stays overweight on continental Europe shares. Feb 25- European shares rebounded on Thursday from losses earlier in the week, as solid corporate results from the likes of French insurer AXA and British bank Lloyds lifted stock markets. However, Hampstead Capital hedge fund manager Lex Van Dam said equities remained his preferred asset class, given hits to...

  • FRANKFURT, Feb 24- Volkswagen needs to do more to investigate how Europe's largest carmaker became embroiled in emissions cheating, shareholder Union Asset Management said on Wednesday. No, not at all, "Union Asset Management's Chief Investment Officer and executive board member Jens Wilhelm said, citing a lack of transparency and the way VW was investigating...

  • Feb 24- Investment bank Lazard Ltd has hired former White House official Peter Orszag to help advise companies on mergers. Prior to joining Wall Street, Orszag served as a budget director in the Obama administration. He was also a distinguished visiting fellow at the Council on Foreign Relations.

  • *Net assets increased to C $248 billion by end of year. MONTREAL, Feb 24- Canada's second-largest pension fund, Caisse de depot et placement du Quebec, said it was open to further investment in Bombardier Inc after reporting strong returns in 2015.. Quebec's public pension fund manager agreed to buy a 30 percent stake in Bombardier's rail business for $1.5 billion...

  • FRANKFURT, Feb 24- Volkswagen is not doing enough to investigate how Europe's largest carmaker became embroiled in an emissions cheating scandal, shareholder Union Asset Management said on Wednesday. The carmaker faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental...

  • LONDON, Feb 24- Arabica coffee and raw sugar futures fell on Wednesday, driven down by a broad-based retreat in crude oil and other commodity markets. Cocoa futures were mixed as a weak pound boosted the London contract while dollar-denominated New York futures fell. May arabica coffee futures fell 2.00 cents or 1.7 percent to $1.1725 per lb by 1306 GMT while May...

  • BEIJING, Feb 24- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program stood at $80.8 billion as of Feb. 23, unchanged from the end of January, the foreign exchange regulator said on Wednesday.

  • SYDNEY, Feb 24- Australian freight giant Asciano and the smaller rival trying to buy it for A $9 billion both posted lower first half sales on Wednesday, strengthening the case for consolidation in a sector hammered by a commodities rout. Qube was vying with Canadian infrastructure fund Brookfield Asset Management to buy Asciano, which revealed on Tuesday that...

  • NEW YORK, Feb 23- JPMorgan Chase& Co signalled a rough first quarter on Tuesday with double-digit declines in investment banking revenues and a $500 million increase in provisions for expected losses on energy loans. Plummeting oil prices, volatile markets, stubbornly low interest rates, pressure from regulators and a slowdown in China have combined to hurt...