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Diversified Financials Capital Markets

  • NEW YORK, Feb 8- Investors poured cash into U.S.-based mutual funds and exchange-traded funds at the fastest pace since 2013 during the latest week, Investment Company Institute data showed on Wednesday, funneling $24.3 billion into the market. That figure is the largest since Oct 23, 2013, and comes as investors showed a strong desire for all kinds of financial...

  • *New York bank worked for years to win a Saudi Aramco role. NEW YORK/ LONDON/ DUBAI, Feb 8- Boutique investment bank Moelis& Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world's biggest initial public share offering, sources familiar with the matter told Reuters. Moelis' appointment is a big win for the New York bank, dwarfing previous IPO...

  • NEW YORK, Feb 8- Dan Ivascyn, the group chief investment officer at bond heavyweight Pimco, said on Wednesday that U.S. Treasuries will continue to be in demand, given the geopolitical risks around the world. "There are still powerful global forces at work weighing on high quality bond yields," said Ivascyn, who oversees more than $1.5 trillion in assets under...

  • EXCLUSIVE-TESARO INC DISCUSSING OPTIONS WITH INVESTMENT BANKS, INCLUDING CITIGROUP INC, FOLLOWING ACQUISITION APPROACHES-SOURCES.

  • NEW YORK, Feb 8- Private equity firm Carlyle Group L.P. posted sharply lower-than-expected fourth-quarter earnings on Wednesday following losses in its hedge fund businesses that it has since exited. Washington, D.C.- based Carlyle said it took a charge of $175 million in its former hedge fund Vermillion Asset Management due to "misappropriation of petroleum...

  • NEW YORK, Feb 8- Private equity firm Carlyle Group L.P. posted sharply lower-than-expected fourth-quarter earnings on Wednesday after taking losses on a hedge fund business that it has since exited. That translated to earnings of 2 cents per share, down from 24 cents a year earlier. "Obviously we are disappointed with the losses in our hedge fund business," Carlyle...

  • SAN FRANCISCO, Feb 7- California Public Employees' Retirement System expects a 5.8 percent annual investment return under its new portfolio asset allocation, significantly lower than the fund's assumed rate of return of 7 percent by 2020.. CalPERS' caution mirrors outlooks from public pension funds across the United States as they try to grapple with...

  • Thierry Olive, former global head of equity capital markets at BNP Paribas, has been appointed co-head of investment banking for Asia Pacific with Philippe de Caraman. The London- based asset management group appointed Philippe Broadhead as head of distribution. The financial services firm said it appointed three former executives from Jefferies Group LLC...

  • BOSTON, Feb 7- The United States has been home to the world's biggest hedge funds, but the industry's most consistent strong performers generally hail from other nations, according to data released on Tuesday. Mauritius- based Arcstone Capital's Passage to India Opportunity Fund, Great Britain- based Stratton Street Capital's Japan Synthetic Warrant Fund and...

  • Feb 7- A U.S. judge in Philadelphia on Tuesday declined to immediately rule on whether to throw out an insider trading case filed by U.S. securities regulators against billionaire hedge fund manager Leon Cooperman and his firm, Omega Advisors. District Judge Juan Sánchez, following oral arguments by lawyers for Cooperman and the U.S. Securities and Exchange...

  • LONDON, Feb 7- Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its implications for future movements in prices are disputed. Hedge funds and other money managers had accumulated a net long position in the three main futures and options contracts linked to Brent and West Texas Intermediate...

  • MILAN, Feb 7- Italy's banking industry rescue fund Atlante expects the European Central Bank to approve a merger between ailing Popolare di Vicenza and Veneto Banca, likely requesting state support to ensure the plan's success. State-sponsored Atlante was hastily set up last year to take over the two banks when they failed to raise 2.5 billion euros in capital...

  • The investment and financial planning company named Justin Ogilvie investment manager in its Bristol office. The insurer, a subsidiary of U.S.-based holding company Markel Corp, appointed Warren Towner as head of underwriting management and reinsurance placement. The London- based asset manager appointed Douglas Anderson head of consultant relations.

  • Feb 7- London- based asset manager Hermes Investment Management appointed Douglas Anderson head of consultant relations. Anderson, who has over 20 years of experience in investment management, most recently served as head of consultant relations at Lazard Asset Management Ltd.. He will report to Mark Miller, head of UK and MENA institutional.

  • A man looks at an electronic board at a brokerage house in Beijing, China, January 4, 2016.

    The public loses more money buying stocks when they are too high than it does selling stocks below value on bearish advice, the SCMP opines.

  • SAN FRANCISCO, Feb 6- California Public Employees' Retirement System should maintain its investments in the controversial Dakota Access oil pipeline project in order to exert influence over the companies involved, staff for the largest U.S. public pension fund said on Monday. Legislation proposed in California would require CalPERS, a $300 billion fund, to...

  • The new firm, PAAMCO Prisma Holdings, plans to offer alternative investment strategies for individual investors through mutual funds, exchange traded funds and closed-end funds, tapping into a hot segment at a time when less-affluent investors want to diversify their portfolios with funds that used to be reserved for the super wealthy.

  • SAO PAULO, Feb 6- Grupo BTG Pactual SA has fired partner Marco Gonçalves as head of mergers and acquisitions, following reports he was sued by a New York City nightclub after leaving a $340,000 bill unpaid last year, two sources with knowledge of the matter said on Monday. The New York Daily News reported last Thursday, citing court documents, that Gonçalves left...

  • Feb 6- Activist hedge fund manager Mick McGuire nominated four directors to serve on the board of Buffalo Wild Wings Inc, officially launching a proxy fight against the U.S. restaurant chain. McGuire, who runs Marcato Capital Management, has publicly agitated for changes at Buffalo Wild Wings since last July, demanding that the company franchise more of its...

  • Feb 6- KKR& Co LP said on Monday it would merge its hedge fund KKR Prisma with institutional investment firm PAAMCO to form an investment company with more than $30 billion in assets. The combined business will be jointly run by PAAMCO Chief Executive Jane Buchan and KKR Prisma co-founder Girish Reddy, KKR said. PAAMCO manages over $10 billion in discretionary...