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  • Feb 10- Insurer Sun Life Financial Inc reported higher fourth-quarter earnings, driven by strength in its Canadian, Asian and asset management businesses. Net income for the quarter ended Dec. 31 was C $536 million, or 87 Canadian cents a share, compared with C $502 million, or 81 Canadian cents a share, a year ago. Analysts on average had expected earnings of 87...

  • Feb 10- Morgan Stanley's Raj Dhanda, head of investment products and services in the wealth management business, is leaving the Wall Street bank after 26 years. Dhanda, who took over the role in March 2015, plans to pursue other opportunities, according to an internal memo to employees. Dhanda, who previously served as co-head of global capital markets, took over...

  • *Government sought advice on setting up Infrastructure Bank. OTTAWA/ TORONTO, Feb 10- The Canadian government is talking to the country's largest pension funds about investing in billions of dollars worth of infrastructure projects to help stimulate the economy, the Infrastructure Ministry told Reuters on Wednesday. Executives at Canada's pension funds,...

  • EXCLUSIVE- CANADA IN TALKS WITH MAJOR CANADIAN PENSION FUNDS OVER INVESTMENT IN INFRASTRUCTURE PROJECTS- MINISTRY.

  • BOSTON, Feb 10- Fidelity's high-flying OTC Portfolio, which has trounced benchmark returns over the past several years, is taking a beating in the early going of 2016 that is nearly unrivaled in the U.S. mutual fund industry. That is worse than 98 percent of peers running large-cap growth funds, according to Lipper Inc.. It has been an upside-down year for the 39-...

  • NEW YORK, Feb 10- Gold option volatility surged to the highest in more than a year as investors have placed new bullish bets that prices will extend their recent rally to multi-month highs amid greater appetite for safe-haven assets and global economic concerns. With prices briefly tapping the key psychological level of $1,200 per ounce on Monday, the buying...

  • ZURICH, Feb 10- Credit Suisse Chief Executive Tidjane Thiam said that the turmoil in global markets this year is helping him to speed implementation of his new strategy for the Swiss bank. "I'm using the current challenging environment to accelerate the transformation that I'm driving," Thiam told a conference in Miami, which was streamed via Credit Suisse's...

  • Feb 10- Viacom Inc investor SpringOwl Asset Management urged the media company's six independent directors to step down immediately, days after the board appointed Chief Executive Philippe Dauman to the additional post of executive chairman. Only Redstone's daughter Shari Redstone, non-executive vice chair of the board, voted against Dauman's...

  • Feb 10- Viacom Inc investor SpringOwl Asset Management called for the media company's independent directors to step down immediately, days after the board appointed Chief Executive Philippe Dauman as executive chairman. SpringOwl, which has been agitating for change at Viacom, said in a statement that the board is not representing the wishes of...

  • BOSTON, Feb 9- Hedge fund manager William Ackman, who has a $1 billion short bet on Herbalife stock, on Tuesday released a video of former Herbalife sellers claiming the company misled them. Herbalife shares on Tuesday opened flat then rose 2.6 percent to $44.55. Ackman's firm, Pershing Square Capital Management, posted the video on its website...

  • NEW YORK, Feb 9- The chief investment officer of Apex Capital is departing to launch a new technology-focused hedge fund, causing a restructuring of his old firm, according to a letter sent to Apex clients and a person familiar with the situation. That new firm is SoMa Equity Partners, and will led by current Apex chief investment officer Gil Simon.

  • EXCLUSIVE: APEX CAPITAL CIO DEPARTS TO LAUNCH TECH-FOCUSED HEDGE FUND- LETTER.

  • NEW YORK, Feb 9- Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday. District Judge William Pauley in Manhattan said former GFI Chairman Michael Gooch, former Chief...

  • Feb 9- Closely followed oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as weak global markets extended last year's gloom that cost the hedge fund its biggest- ever annual loss of 36 percent, according to monthly data from the fund. Assets under management at Connecticut- based Astenbeck declined by about $100 million to $2...

  • Feb 9- The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its nosedive on Tuesday to touch another record low as slowing activity, especially from China, took its toll. "China's slowdown has had a dramatically negative impact on dry bulk, leading freight rates, asset values and forward expectations to...

  • *Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever on Tuesday. * "There is a high probability of a further correction in equity prices, led by banking and energy stocks," said Lorne Baring, managing director of B Capital Wealth Management, adding that looming...

  • Feb 9- Prominent oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as tottering global markets extended last year's gloom that cost the hedge fund its biggest annual loss of 36 percent. The epicenter of January's market anxiety was China, and the U.S. The January loss caused assets under management at the Southport, Connecticut-...

  • ASTENBECK ASSETS UNDER MANAGEMENT AT $2 BLN AT END-JAN, DOWN FROM $2.1 BLN IN DECEMBER- INVESTOR LETTER.

  • OIL BULL ANDY HALL'S ASTENBECK HEDGE FUND DOWN 4 PCT IN JAN, EXTENDING LAST YEAR'S 36 PCT DECLINE- INVESTOR LETTER.

  • NEW YORK, Feb 8- Investors pulled $14 million from the Janus Global Unconstrained Bond Fund, run by closely followed investor Bill Gross, in January, according to Morningstar data on Monday. "The fund continues to struggle to bring in new money even as investors sought out fixed-income products in January amid market uncertainty," said Todd Rosenbluth, director of...