Hedge fund managers attract billions in investments, even though their performance has fallen behind roaring equity markets this year.» Read More
*Aberdeen Asset Management fall on MS earnings cut. LONDON, Sept 18- European shares traded at five-year highs by midday on Wednesday as investors kept their nerve ahead of an expected first cut to the U.S. The latest Reuters poll forecast a $10 billion reduction, although there is speculation among traders it could be even less.
DUBAI, Sept 18- Bahrain- based Islamic investment firm Arcapita has become the first Gulf company to emerge from U.S. bankruptcy under Chapter 11 rules, in a move that could help clarify how Islamic finance is treated in Western courts.
"The staff will be closely monitoring and collecting data on this new market to see how it in fact operates... and accessing whether and to what extent changes in the private offerings market may lead to additional fraud or not," SEC Chair Mary Jo White told an advisory panel of experts convened at SEC headquarters on Tuesday.
LONDON, Sept 17- Four of Britain's largest institutional investors are part of a group considering suing state-owned Royal Bank of Scotland over a share offer under disgraced former Chief Executive Fred Goodwin. Prudential and Universities Superannuation Scheme were named in court on Tuesday, alongside fund majors Standard Life and Legal& General.
LONDON, Sept 17- Hedge funds may be making their clients less money than mainstream financial markets, but with their portfolios increasingly seen as a safer, low-volatility option in a tough investment landscape they have more cash to manage than ever.
BEIJING, Sept 17- A state-owned asset management company in China said the "best business strategy" for the country's banks is to slightly underestimate their bad loan ratios, a rare affirmation of investor suspicions that Chinese lenders downplay their bad-debt woes.
LONDON, Sept 16- Britain will sell about 6 percent of part-nationalised Lloyds Banking Group, worth about 3.3 billion pounds, via a placing to institutional investors, UK Financial Investments said on Monday.
Dubai property prices have rebounded this year and the emirate's main stock index is up 64 percent year-to-date. This has prompted at least several companies to consider listings; in addition, the Dubai government said this year it would make a big effort to develop its Islamic finance sctor.
SYDNEY/ KUALA LUMPUR, Sept 15- Islamic pensions are making inroads in several majority-Muslim countries, and their success may help the growth of asset management industries across much of Asia and the Middle East.
LONDON, Sept 15- Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm.
Sept 13- Bill Ackman's Pershing Square Capital Management cut its stake in mall owner General Growth Properties Inc to 3.7 percent from 8 percent, the hedge fund said in a filing with the U.S. Securities and Exchange Commission.
After last Friday's weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program. The tapering is not being viewed as negatively as it was in the recent past, "said Alvise Marino, currency strategist at Credit Suisse in New York.
Sept 13- Fund manager Vanguard Group Inc opposed the election of board members in a number of high-profile proxy contests this year, votes that help explain why directors at firms such as Hewlett-Packard Co and Occidental Petroleum Corp had a hard time getting re-elected.
After last Friday's weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program.
FRANKFURT, Sept 13- Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany's largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday.
NEW YORK, Sept 13- The dollar fell on Friday against the euro and yen, reversing earlier gains, after U.S. retail sales rose less than expected in August in the latest sign that economic growth slowed in the third quarter. The White House said U.S.
MUMBAI/ HONG KONG, Sept 13- For years, Aberdeen Asset Management laboured in India in the shadow of HSBC's star stock-picker Sanjiv Duggal. The Aberdeen Global-Indian Equity Fund overtook the HSBC's GIF Indian Equity fund last year in the league of assets under management and the gap between the two has been widening.
SINGAPORE, Sept 13- Fear in Asian financial markets of what the Fed might do may have been greatly exaggerated, judging by how little foreign investment that entered Asia during the past four years has left so far in anticipation of tighter U.S. monetary policy.
NEW YORK, Sept 12- Fixed income trading platform Tradeweb Markets has signed an agreement to acquire BondDesk Group LLC, a provider of retail fixed income wealth management and trading technology.
SINGAPORE/ HONG KONG, Sept 12- Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition.