*Allianz forecasts asset management earnings to fall. FRANKFURT, March 14- Management turmoil at Allianz asset manager Pimco is unlikely to threaten the credit standing of Europe's largest insurer, credit rating agency Fitch said on Friday.» Read More
BOSTON, Dec 3- Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year.
*Canada's No. 4 bank is first to report quarterly results. TORONTO, Dec 3- Quarterly earnings at Bank of Montreal rose 1 percent due to stronger wealth management profit, and Canada's No. 4 bank raised its dividend, but its shares fell on Tuesday on the back of a sluggish performance at its U.S. Harris Bank unit.
BERLIN, Dec 3- Zalora, an online fashion start-up in Southeast Asia, has raised $112 million in new capital from investors including billionaire Leonard Blavatnik's Access Industries and U.S. asset management firm Scopia Capital Management.
TORONTO, Dec 3- Bank of Montreal said on Tuesday that its quarterly earnings rose 1 percent, topping estimates, after stronger wealth management results offset weaker income from the brokerage and U.S. Harris Bank units.
But many hedge funds are now branching out into long-only products in an effort to diversify and expand their business, putting them in direct competition with fund managers like Schroders, Standard Life and Pimco.
LONDON, Dec 2- Pension funds in some emerging economies have grown strongly as a percentage of gross domestic product, but others have been stagnant, data from the OECD shows. To read an article on the urgency of pension reform, please click:. *data until 2011 Source: Organisation for Economic Co-operation and Development.
STOCKHOLM, Nov 28- Christer Gardell, who co-founded Europe's biggest activist investor Cevian Capital, expects a burst of activity in mergers and acquisitions next year as corporate confidence returns.
LONDON, Nov 27- The message is sinking in- economies of the rich world face super-easy money far into the future and central banks are now convinced it's the least of all policy evils. And even if the Fed does taper asset buying in 2014, liquidity from the Bank of Japan or European Central Bank could be boosted to offset it.
BOSTON, Nov 27- Wealthy investors may get more bang for their buck if they invest with brand new hedge fund managers, but they must also have a strong stomach to tolerate potential losses, a study released on Wednesday shows.
*U.S. stocks struggle higher but pressured. NEW YORK, Nov 26- Stocks around the globe were under pressure and the dollar slipped on Tuesday amid renewed political tensions in the East China Sea.
The Securities and Exchange Commission's case, filed with the agency's administrative court, also alleges that Ambassador Capital Management and portfolio manager Derek Oglesby failed to comply with the cornerstone federal regulations that limit risk in a money market fund's portfolio.
*Repsol surges on hopes of YPF compensation deal. PARIS, Nov 26- European stocks fell in brisk volumes on Tuesday, as corporate profit warnings and lower-than-expected U.S. consumer confidence data spooked investors and kept benchmark indexes within ranges set earlier this month.
*Crude prices climb back above $111 a barrel. NEW YORK, Nov 26- World share markets edged lower and the dollar slipped on Tuesday as oil prices climbed amid doubts over the real impact of the Iran nuclear deal and renewed political tensions in the East China Sea.
SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale's Asia private bank, in a $400 million deal, as smaller players exit the region's competitive private banking business.
*SocGen's Asia private bank unit manages $13 bln. SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said.
SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse are among suitors that have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said. A SocGen spokeswoman in Singapore declined to comment.
NEW YORK, Nov 25- A small hedge fund manager turned professional card player who came to fame for a mammoth gold trade two years ago, was fined and banned from some trading for attempting to manipulate oil markets in 2008, the U.S. futures market regulator said on Monday.
HONG KONG, Nov 26- Capital-starved Asian hedge funds may have got the lifeline they've been waiting years for- investors from China, some of whom are willing to risk very large sums of money. Investors include Zhang Lei, founder of Asia's biggest hedge fund Hillhouse Capital, members of China's wealthy elite and Chinese private equity firms.
NEW YORK, Nov 25- Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates for longer.
HONG KONG, Nov 25- China Cinda Asset Management Co Ltd lifted the lid on how Beijing turns bad loans from its banks into profits, issuing a prospectus on Monday for an initial public offering that has reeled in some of the world's biggest investors.