Wall Street's "Santa Claus" rally kept delivering gifts a day after Christmas. The Dow Jones industrial average, Standard& Poor's 500 index and the Russell 2000 index of small-company stocks closed at all-time highs on Friday. The consumer is in good shape, "said David Chalupnik, head of equities at Nuveen Asset Management.» Read More
"Right now we're in the same playbook we've been all year, where we hit a new high, consolidate for a week or so, and then march higher to another record," says Chris Bouffard, chief investment officer at the Mutual Fund Store in Kansas City, Missouri, which has $9 billion in assets under management.
LONDON, Sept 9- At the heart of the debate about whether or not Scotland can prosper as an independent country, ahead of a vote on Sept. 18, is the issue of what would happen to its financial services industry.
SYDNEY, Sept 9- LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, said it has raised $400 million for socially responsible investments in Asia and Africa- the largest ever for a fund specializing in low-income emerging market financial services.
BOSTON, Sept 8- Hedge funds had their best month since February when they reported a 1.56 percent rise in August, according to data released on Monday, on a mix of corporate deals and strong company earnings that helped push the stock market higher.
Sept 8- Hundreds of hedge funds, mutual funds and other institutional investors lined up on Monday to hear Alibaba Group Holding Ltd's management pitch the company's shares, as the Chinese e-commerce giant kicked off a two-week IPO marketing blitz.
LONDON, Sept 8- With returns on government bonds at rock-bottom prices, sovereign wealth funds are muscling into stock markets and other higher-yielding assets like real estate at a rate that private investors warn could destabilise the world economy.
Sept 8- Alternative asset manager Fifth Street Asset Management Inc filed with the U.S. regulators for an initial public offering of Class A common stock.
*Carlyle's co-head of Asia buyouts sees bigger deals in Asia. HONG KONG, Sept 8- Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments.
HONG KONG, Sept 8- Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments.
Sept 7- When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action.
SINGAPORE, Sept 8- Faced once again with the prospect of rate rises in the United States, investors in Asia are no longer selling and running as in the past, choosing instead to stay in markets like India and South Korea, that are relatively sheltered from global forces.
*Traders see first Fed hike in July 2015. NEW YORK, Sept 5- Benchmark U.S. "This means that the U.S. economy is still in healing mode," said Putri Pasqualy, managing director and senior credit strategist at Pacific Alternative Asset Management Company in Irvine, California.
NEW YORK, Sept 5- Leveraged exchange-traded funds, designed to magnify short-term returns, have fallen out of favor this year as investors who had embraced them are finding costs excessive in a calm market that is not rewarding bets on wild daily swings.
By Jeffrey Dastin and Daina Beth Solomon. Sept 5- New York hedge fund manager William Ackman says Herbalife is a pyramid scheme that exploits the poor.
*10 cents move in euro: 1 bln euro swing in Airbus's op profits. *Airbus, Sanofi, Luxottica seen among big winners.
Past attempts by the SEC and the Financial Industry Regulatory Authority to improve disclosure and end certain incentive payments have faltered.
*Deal could attract Middle Easterners to Africa. DUBAI/ LAGOS, Sept 4- Qatar National Bank on Thursday bought a 12.5 percent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017..
TOKYO, Sept 4- Japan's new welfare minister tasked with reforming the country's $1.2 trillion pension fund is a Harvard- educated former central banker with a sharp sense of the reforms that markets want to see and a willingness to buck the system.
*Sinopec plans largest coal-to-gas project in China. BEIJING, Sept 4- Sinopec Corp is pushing ahead with plans to build China's largest plant to convert coal into synthetic gas, shaking off worries the $10 billion scheme could be hit by cost overruns that have dogged similar projects.
*MSCI ex-Japan Asia shares retreat from 7- year high. LONDON, Sept 4- A month-long march higher for European and Asian stock markets stalled on Thursday on concerns the European Central Bank will do nothing immediate at its meeting later in the day to address a deteriorating economic outlook.