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Diversified Financials Capital Markets

  • LONDON, Nov 15- Hedge funds have tempered their earlier bullishness towards U.S. natural gas and heating oil as unusually warm weather has persisted nearer to the heart of the winter heating season. Hedge funds and other money managers slashed their net long position in the U.S. natural gas futures and options by 1,241 billion cubic feet or 45 percent over just...

  • LONDON, Nov 15- Hedge funds turned bearish towards oil prices at the fastest rate on record in the first week of November amid growing doubts about whether OPEC will reach a successful deal to curb its growing production. Hedge funds and other money managers cut their net long position in Brent and West Texas Intermediate futures and options by 149 million...

  • LONDON, Nov 14- Scottish hedge fund manager Hugh Hendry is betting on a break-up of the European Union in a trade he said could deliver 30-35 percent gains, the Reuters Global Investment Outlook Summit heard on Monday. "The biggest risk to the global economy is the acute and impending political crisis in Europe, which monetary policy does not have the tools to...

  • Stefan Buck, who was head of private banking at the now-shuttered Zurich- based Bank Frey& Co, pleaded not guilty at a hearing last Wednesday in Manhattan federal court and was released on a $100,000 bond, said Marc Agnifilo, his lawyer. Buck, 36, had been living in Switzerland since his indictment in 2013 in what was one of a number of cases spilling out of a broad...

  • NEW YORK, Nov 14- Healthcare stocks, including insurers, have jumped since Donald Trump won the U.S. presidential election last week and some hedge fund managers may see further gains in after making new bets in the sector in the third quarter. Billionaire investor Daniel Loeb's Third Point portfolio invested in insurer Humana Inc during the third quarter,...

  • Billionaire investor Daniel Loeb, who recently told clients that idiosyncratic opportunities have buoyed Third Point's portfolio this year, invested in insurer Humana Inc during the third quarter, according to a new filing. Diamond Hill Capital, Samlyn Capital, P. Schoenfeld Asset Management and Clovis Capital Management also made new bets on the insurer,...

  • The announcement by the nation's largest public pension fund marks a milestone toward greater fee and cost disclosures for private equity assets, which make up $26.4 billion or almost 9 percent of the total fund. A new California law passed this year requires the state's public pension funds to disclose more about the fees paid to manage the funds.

  • Nov 14- Starboard Value LP's quarterly filing on Monday showed more companies in its portfolio under takeover pressure from other activist investors. The New York hedge fund, led by Jeffrey Smith, is known for shaking up boards and pushing companies into mergers and acquisitions, as it did with Internet pioneer Yahoo Inc earlier this year.

  • SAN FRANCISCO, Nov 14- The California Public Employees' Retirement System's chief investment officer advised the pension fund on Monday to prepare for "greater uncertainty and volatility" until U.S. president-elect Donald Trump and Congress implement their policy plans. Ted Eliopoulos told a meeting of the fund's investment board that Trump's plans would...

  • NEW YORK, Nov 14- Bruce Richards, chairman and chief executive officer of Marathon Asset Management, said the positive effects of U.S. President-elect Donald Trump's economic plans would delay the opportunity to buy cheap distressed assets in the United States. Marathon is an approximately $13 billion hedge fund manager based in New York that focuses on...

  • LONDON, Nov 14- U.S. industrials and other cyclical sector plays look set to be the trade of 2017 with President-elect Donald Trump expected to push through fiscal reforms and infrastructure spending, a senior Pictet asset manager said on Monday. Percival Stanion, head of multi asset at Pictet Asset Management, said cyclical sectors had started to come back a few...

  • REUTERS SUMMIT-PICTET ASSET MANAGEMENT SAYS U.S.

  • NEW YORK, Nov 14- Bruce Richards, chairman and chief executive officer of Marathon Asset Management, said the positive effects of U.S. President-elect Donald Trump's economic plans would delay the opportunity to buy cheap distressed assets in the United States. Marathon is an approximately $13 billion hedge fund manager based in New York that focuses on...

  • NEW YORK, Nov 14- Hedge fund Omega Advisors plans to keep managing money for outside clients and expects to post stronger returns even as assets have shrunk after the U.S. government charged its billionaire founder with insider trading two months ago. "We have no plans turn into a family office," Vice Chairman Steven Einhorn said at the Reuters Global Investment...

  • NEW YORK, Nov 14- Hedge fund Omega Advisors plans to keep managing money for outside clients and expects to post stronger returns even as assets have shrunk after the U.S. government charged its billionaire founder with insider trading two months ago. "We have no plans turn into a family office," Vice Chairman Steven Einhorn said at the Reuters Global Investment...

  • HONG KONG, Nov 14- A surge in U.S. dollar and Treasury yields since Donald Trump won the election is set to increase fund outflows from emerging markets in the short-term as investors chase higher yields, said a senior executive for Northern Trust Asset Management. The long-term investment outlook in the emerging markets, however, remains robust with a growing...

  • LONDON, Nov 11- Buyout firms have approached Santander Asset Management and Intesa Sanpaolo over a possible takeover of the Allfunds Bank mutual fund platform, sources told Reuters. U.S. buyout fund Bain Capital and Europe's Advent are planning to make a joint bid for the business, which could be worth up to 2 billion euros, the sources said. Santander Asset...

  • Nov 11- Asset management company Schroders Plc named Sok Mun Wong head of fixed income and foreign exchange trading for Asia. She will be based in Singapore. Previously, Wong was working with Tudor Capital.

  • MILAN, Nov 11- Italian bank UniCredit has received four binding offers for its asset manager Pioneer, valuing the business at more than 3 billion euros, two sources close to the matter said on Friday. The offers came from a consortium led by Italy's post office, France's Amundi, Australia's Macquarie and U.S.-based Ameriprise Financial, the sources said.

  • *Strong start for CEO Manny Roman; Allianz beats forecasts. LONDON, Nov 11- Pacific Investment Management Co's new boss Manny Roman, who joined last week from British hedge fund firm Man Group, has a steadier platform to rebuild it from after the California- based firm finally stemmed an outflow of client money. Much of these outflows followed the high-profile and...