NEW YORK, April 18- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.» Read More
BOSTON, Jan 15- Women hedge fund managers have outperformed their male rivals, on average, for the second year in a row, according to professional services firm Rothstein Kass which tracks the industry.
BOSTON, Jan 14- QFS Asset Management, which used a quantitative approach to global macro investing, said that it is shutting down after 26 years in the business, citing difficult market conditions.
Jan 13- Citigroup's former Chief Operating Officer John Havens has been appointed as non-executive chairman of Napier Park Global Capital LLC, the hedge fund spun out of the bank last year. Napier Park, which has about $5.5 billion in assets under management, was spun out of Citigroup last year and the bank retains a minority stake in it.
Jan 13- Legg Mason Inc estimated third-quarter earnings above analysts' expectations as assets under management grew by about $30 billion from the same quarter the year before. The fifth-largest U.S. asset manager said it expects net earnings of between $79 million and $83 million, or 65- 68 cents per share, for the quarter ended Dec. 31.
Jan 13- Asset manager Legg Mason Inc said it estimated earnings of between $79 million and $83 million for the quarter ending Dec. 31, above the average analyst estimate. The company said earnings would be between 65 cents and 68 cents, beating the average analyst estimate of 60 cents, according to Thomson Reuters I/B/E/S.
LONDON/ PARIS, Jan 10- Spanish, Italian and Portuguese equities have been star performers in 2014 so far, but not everyone is convinced, and bets on a future retreat in the euro zone periphery are rising.
Jan 9- The chief investment officer of Calpers, California's $282 billion pension fund for public employees, is taking leave to resume cancer treatment, a spokesman said on Thursday. Ted Eliopoulos, senior investment officer for real assets, will serve as acting chief investment officer, Calpers spokesman Brad Pacheco said.
NEW YORK, Jan 9- Apollo Global Management LLC said on Thursday it had completed fundraising for its latest flagship global private equity fund, amassing $17.5 billion from investors, the most any such fund has raised since the financial crisis.
Jan 9- BlackRock Inc, the world's largest asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office. BlackRock agreed to pay $400,000 for the cost of the investigation, but no fine or penalty, and to cooperate in Schneiderman's ongoing industry-wide probe.
*China funds score best outperformance in 5 yrs. HONG KONG, Jan 10- For investors in Asian hedge funds, it was China and not the region's hottest major market, Japan, that provided the best bang for the buck in 2013- a result set to ensure greater capital inflows into steadily growing China- focused funds.
Jan 9- BlackRock Inc, the world's largest asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office. BlackRock agreed to pay $400,000 for the cost of the investigation, but no fine or penalty, and to cooperate in any investigation related to the probe.
Fund managers like Daniel Loeb, who demanded that Sotheby's fire its CEO, and David Einhorn and Carl Icahn, who publicly pressed for change at iPhone maker Apple Inc, helped their firms' 2013 returns.
Since hedge fund portfolios often include at least some derivatives trading, industry experts warn that fund sponsors may be reluctant to take advantage of the SEC's new relaxed advertising rules for fear of running afoul of the CFTC's regulations. This is really language that is very clearly tied to the SEC's standards.
Jan 8- Activist hedge fund Elliott Management Corp offered to buy Riverbed Technology Inc for about $3.08 billion in cash, a move analysts said was likely to trigger higher bids for the network equipment maker.
Jan 8- Activist hedge fund Elliott Management Corp offered to buy network equipment maker Riverbed Technology Inc for about $3.08 billion in cash, an offer analysts said was likely to be a precursor to a higher bid.
LONDON, Jan 8- Global regulators have taken a first step to identifying financial firms such as brokers and hedge funds that face extra scrutiny because of the risks they pose to the wider financial system.
*Madrid, Milan, Lisbon, Athens, Dublin bourses extend rally. Trading volumes on Portugal's PSI 20 benchmark share index were nearly seven times the daily average, while turnover in Madrid, Milan and Dublin were at least 40 percent higher than average, according to Thomson Reuters data.
ZURICH, Jan 6- Switzerland's EFG International has struck a deal to take over the Hong Kong business of Abu Dhabi- owned Falcon Private Bank, another sign of how rising costs are forcing small players to beef up or get out of the region.
BEIJING/ SHANGHAI, Jan 6- China's cabinet has published guidelines strengthening regulation of risky off-balance-sheet lending in a new effort to address growing financial risks from an explosion in debt.
BEIJING/ SHANGHAI, Jan 6- China's cabinet has issued new guidelines to strengthen regulation of the shadow-bank lending that has helped fuel an explosion in debt levels since 2008, in the latest effort to address growing financial risks, sources told Reuters on Monday.