Diversified Financials Capital Markets

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  • LONDON, Feb 23- Equity funds that can profit from both rising and falling markets and rivals betting on macroeconomic trends are expected to outperform in 2016, a Deutsche Bank survey of investors managing $2.1 trillion in assets showed. On a regional basis, 57 percent of investors felt western Europe would be in their three best-performing regions, followed...

  • LONDON, Feb 22- Hedge funds have taken an increasingly nuanced position on oil prices since the start of the year, becoming more bearish towards U.S. crude but bullish towards Brent. The latest data from the U.S. Commodity Futures Trading Commission and exchanges show hedge funds and other money managers running near record long and short positions in oil...

  • Feb 22- Alternative asset manager Carlyle Group LP said on Monday it would shut its hedge fund-of-funds manager Diversified Global Asset Management Corp, two years after it added the unit to its investment platform. Toronto- based DGAM, which manages funds that invest in other hedge funds, had more than $6 billion in managed and advised assets as of April 30, 2015.

  • *Compares with $109.1 billion five years before. LONDON, Feb 22- Revenue at the world's 12 largest investment banks from trading fixed income, currencies and commodities, known as FICC, fell 9 percent in 2015 compared with a year before, a survey showed on Monday, dragged down by regulatory changes and retrenchment. FICC trading revenue at 12 of the world's biggest...

  • *As Europe's banks hit by sell-off, Nordic lenders fare better. STOCKHOLM, Feb 21- Just seven months ago, Sweden's Handelsbanken was worth almost $20 billion less than Deutsche Bank. This month, it eclipsed Germany's flagship lender.

  • LONDON, Feb 19- Barclays said on Friday the head of its investment bank Tom King would retire on March 4, confirming media reports earlier this month. The British lender is shrinking its investment banking business as new chief executive Jes Staley tries to improve profitability in the business by slashing costs. Barclays in January said in memos to staff and...

  • Feb 19- FelCor Lodging Trust Inc said it had agreed with activist hedge fund Land and Buildings Investment Management LLC to appoint two independent directors to the real estate investment trust's board. Land and Buildings, run by former Citigroup REIT analyst Jonathan Litt, owned a 2.12 percent stake in FelCor as of Dec. 31 and was its tenth biggest shareholder,...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Shares in EFG were up 2.4 percent at 6.74 Swiss francs in Zurich at 1146 GMT. Zurich- based EFG and BTG Pactual agreed...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Zurich- based EFG and BTG Pactual agreed not to adjust the value of the deal should BSI have to pay a fine related to a...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Zurich- based EFG and BTG Pactual agreed not to adjust the value of the deal should BSI have to pay a fine related to a...

  • Citadel, run by Kenneth Griffin, cut analysts, associates and portfolio managers at its Surveyor Capital arm in the last weeks, the sources said. In January Citadel promoted Todd Barker, who had co-headed Citadel's equity business in San Francisco, to head Surveyor, replacing Jon Venetos, the unit's long-time chief. The layoffs came as $24 billion Citadel's main...

  • BOSTON, Feb 18- Fidelity Investments on Thursday said it took in a record amount of revenue but posted a lower profit in 2015 as the mutual fund company spent more on staffing and technology to battle tough competition from larger rivals. Closely-held Fidelity, known for managing millions of retirement and college savings plans, said operating income fell 6...

  • LONDON, Feb 18- Credit Suisse will establish a fast-track programme for top-performing investment banking juniors, sources familiar with the situation told Reuters, as major banks step up efforts to attract and retain their lower ranks. The investment bank told analysts on Thursday that it would make changes to its promotion cycle in Europe, the Middle East...

  • TORONTO, Feb 18- Canadian pension funds achieved a return of 5.4 percent on their investments in 2015 as their strategy of diversifying internationally helped mitigate volatile market conditions, research by RBC Investor& Treasury Services showed. "Canadian pension plans clearly benefited from global diversification portfolio strategies," David Heisz,...

  • LONDON, Feb 18- Credit Suisse will establish a fast-track programme for top-performing investment banking juniors, sources familiar with the situation told Reuters, as major banks step up efforts to attract and retain their lower ranks. The investment bank told juniors on Thursday that it would make changes to its promotion cycle in Europe, the Middle East and...

  • Feb 17- North Dakota's energy regulator said on Wednesday he is worried about hedge funds and other investment groups buying oil assets in the state and conducts background checks on potential acquirers. Lynn Helms, head of North Dakota's Department of Mineral Resources, said he is worried some buyers might have a lack of experience running oil or natural gas...

  • Feb 17- Tom King, the head of Barclays Plc's investment bank, plans to retire as early as next month, Bloomberg reported on Wednesday, citing people with knowledge of the plan. The British bank is shrinking its investment banking business as new chief executive Jes Staley tries to improve profitability in the business by slashing costs. Bloomberg said the board...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares and Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million shares to own...

  • At the start of a trial in Manhattan federal court, lawyers for ex- Euro Pacific Capital Inc brokers Daryl Payton and Benjamin Durant admitted they traded on non-public information about IBM's 2009 acquisition of SPSS Inc for $1.2 billion. But SEC lawyer David Axelrod told jurors that Payton and Durant knew their information was obtained illegally, and that...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in embattled renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares, Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million...