*Founder Ercil was formerly Asia head of Perry Capital. *Opportunities for Asia distressed asset investment growing. ARCM, founded by Alp Ercil, the former Asia head of New York- based Perry Capital, has become one of the largest hedge fund companies in the region.» Read More
*Turkey, Russia, Azerbaijan added gold to reserves in July. NEW YORK/ LONDON, Aug 27- Gold rose 1 percent to its highest price in more than three months on Tuesday, as investors sought safe havens from rising geopolitical tension, with an attack by Western powers on Syria seen imminent.
*Turkey, Russia, Azerbaijan, added gold to reserves in July. *Gold enters overbought area in charts. NEW YORK/ LONDON, Aug 27- Gold rose 1 percent on Tuesday, to its highest price in more than three months, as investors sought safe havens from rising geopolitical tension, with an attack by Western powers on Syria seen possible within days.
*Talk of Western strike in Syria spurs safety bid. Losses on Wall Street, reacting to talk of possible Western airstrikes in Syria, also whetted investors' appetite for Treasuries.
Aug 26- Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc, said on Monday that he sold his entire stake after his campaign to overhaul the retailer failed.
Aug 26- Hedge fund manager William Ackman, the single biggest shareholder in J.C. Penney Co Inc, is selling his entire stake in the ailing retailer, according to a regulatory filing on Monday.
LONDON, Aug 23- ETF Securities, a pioneer of exchange traded funds as a tool for investors to buy into gold at a time when prices were rising, offered to let them swap shares for coins subject to a fee charged by Britain's Royal Mint. ', "Frank Spiteri, head of retail distribution strategy at ETF Securities, said.
DUESSELDORF, Germany, Aug 22- German steelmaker ThyssenKrupp, which has said it risks breaching loan covenants, is in talks with hedge funds to persuade them to buy into an issue of new shares, two people familiar with the matter said.
*Hopes for market opening have been disappointed for years. *MSCI upgrade of Qatar, UAE puts pressure on Saudis. DUBAI, Aug 22- A long-awaited opening of Saudi Arabia's stock market to direct foreign investment appears near, industry executives and fund managers say- a reform that could give equity investment in the Gulf its biggest boost for years.
LONDON, Aug 22- Heavy selling engulfed emerging markets again on Thursday with more currencies falling prey to fears of higher global borrowing costs and a reduction in cheap cash supplies from the United States.
HONG KONG, Aug 22- Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia, people familiar with the matter told Reuters, in what would be the region's largest such fund launch.
HONG KONG, Aug 22- Two top executives of Millennium Management LLC are preparing to start a $1.4 billion Asia hedge fund, people familiar with the matter told Reuters, in what would be the region's largest such fund launch.
*Fed to buy $1.25 bln- $1.75 bln debt due 2036-43 on Thursday. NEW YORK, Aug 21- U.S. I think this sets them up for tapering to begin sooner rather than later, "said Sam Diedrich, a portfolio manager at for Pacific Alternative Asset Management Company in Irving, California."
NEW YORK, Aug 21- The dollar's perplexing summertime slump could prove tricky to reverse in the near term, given surprising signs of recovery in Europe and nagging questions about the timeline for the end of the Federal Reserve's stimulus.
Aug 21- Asset manager Eaton Vance Corp reported a 30 percent rise in quarterly adjusted profit but narrowly missed analysts' estimates due to significant non-operating expenses related to the retirement of its debt.
Aug 21- Asset manager Eaton Vance Corp reported a 30 percent rise in adjusted profit in the third quarter as customers put more money into the company's funds. Net income attributable to shareholders fell to $23.2 million, or 18 cents per share, in the quarter ended July 31, from $50.2 million, or 43 cents per share, a year earlier.
*BoE chief Carney due to speak on Aug. 28. LONDON, Aug 20- Sterling's recent gains on a spike in market-driven short-term interest rates and a rise in British gilt yields to two-year highs could be at risk if, as some expect, the Bank of England voices concern over short-term rates.
NEW YORK, Aug 19- Hedge fund manager Philip Falcone agreed to a five-year ban from the financial industry and will admit wrongdoing to settle charges by the U.S. Securities and Exchange Commission that he improperly used money from his hedge fund and unfairly favored some of his investors, the SEC announced on Monday.
TOKYO, Aug 19- Japan's Nikkei share average erased earlier losses on Monday morning after the yen resumed its downward slide against the dollar, but investors stayed cautious due to a lack of positive cues. Apparently investors are not comfortable taking positions either way now, "said Yasuo Sakuma, portfolio manager at Bayview Asset Management."
NEW YORK, Aug 16- JPMorgan Chase& Co agreed to pay $23 million to settle a lawsuit accusing it of mishandling money of pension funds and other clients by investing it in notes from Lehman Brothers Holdings Inc, which later went bankrupt.
*Fed buys $3.22 billion in debt due 2020-2023. NEW YORK, Aug 16- U.S. It's a further belief that the economy is on a more sustainable path, "said Jennifer Vail, head of fixed income at U.S. Bank's wealth management group in Minneapolis."