Asset Management and Custody Banks
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The net-long money held by money managers in 24 commodity markets tracked by the U.S. Commodity and Futures Trading Commission fell by about $680 million to about $67 billion for the week ended June 4. Futures of U.S. crude oil traded on the New York Mercantile Exchange witnessed a net drop of about $504 million in managed money during the week to June 4.
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NEW YORK, June 7- Carl Icahn and Southeastern Asset Management Inc are short-listing potential candidates to become the next Dell Inc chief executive should they succeed in a proxy battle against Michael Dell and Silver Lake Partners, two sources close to the matter told Reuters.
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*SEC alleges ill-gotten gains by Whittier, Victor Dosti. In a complaint filed on Friday in the U.S. District Court in Manhattan, the SEC accused Whittier and Dosti of illegal trading in Dell Inc, Nvidia Corp and Wind River Systems Inc shares based on confidential tips from Danny Kuo, then a Whittier fund manager who Dosti supervised.
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*Top bullion consumer India steps up gold import curb. NEW YORK/ LONDON, June 7- Gold fell more than 2 percent on Friday, set for its biggest one-day drop in over three weeks, as funds dumped bullion after resilient U.S. jobs data suggested the Federal Reserve could begin to scale back its monetary stimulus later this year.
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LongRiver Partners comprising the Kuwait Investment Office, Britain's Universities Superannuation Scheme and Borealis Infrastructure, which is part of Canadian pension fund OMERS, submitted a conditional cash offer of 2,200 pence for each Severn Trent share to the company's board.
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TOKYO, June 7- Japan's public pension fund, the world's largest with a pool of $1.1 trillion, announced on Friday the most significant shift in its asset allocation since 2006 so it can take on greater risk by shifting into stocks and away from Japanese government bonds.
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TOKYO, June 7- Japan's public pension fund, the world's largest with more than $1 trillion in assets, said on Friday it would lift its weighting in stocks and cut its allocation target for Japanese government bonds in a bid to seek higher returns.
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BOSTON, June 5- Retail investors may not escape money market fund reform unscathed as the U.S. Securities and Exchange Commission on Wednesday proposed allowing funds to impose new fees and limits on withdrawing money in times of financial distress.
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GENEVA, June 5- Private bankers are rallying behind the one-bank model of cross-selling investment banking services, insisting that it is essential to the pursuit of richer rewards from the wealthiest clients.
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NEW YORK, June 4- Morgan Stanley said on Tuesday that David Heaton, a long-time banker and specialist in asset management deals, was moved to its wealth management business, in a new role aimed at generating more leads for the firm's multitude of financial advisers.
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BOSTON/ NEW YORK, June 3- Steven A. Cohen's embattled hedge fund SAC Capital Advisors is facing a much tougher and less glamorous future, as outside investors pull the bulk of their money from the firm in the wake of an ongoing insider trading probe.
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TOKYO, June 4- Japan's government is set to urge the nation's public pension funds- a pool of over $2 trillion- to increase their investment in equities and overseas assets as part of a growth strategy being readied by Prime Minister Shinzo Abe, according to people with knowledge of the policy shift.
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*Rengan Rajaratnam charged with fraud, conspiracy. June 3- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, is negotiating with prosecutors on a possible resolution to his criminal insider trading case, including a possible plea, a court filing shows.
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NEW YORK, June 3- The California Public Employees' Retirement System registered to sell its 4 percent stake in Carlyle Group LP on Monday, one month after it moved to sell a quarter of its 8 percent stake in Apollo Global Management LLC.
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June 3- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, is negotiating with prosecutors on a possible resolution to his criminal insider trading case, a court filing shows.
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June 4- Japan's government is set to urge the nation's public pension funds- a pool of over $2 trillion- to increase their investment in equities and overseas assets as part of a growth strategy being readied by Prime Minister Shinzo Abe, according to people with knowledge of the policy shift.
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June 4- Japan's government is set to urge the nation's public pension funds- a pool of over $2 trillion- to increase their investment in equities and overseas assets as part of a growth strategy being readied by Prime Minister Shinzo Abe, according to people with knowledge of the policy shift.
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NEW YORK, June 3- The S&P 500 index was little changed on Monday as weaker-than-expected factory activity last month fed worries the economic recovery was struggling, while gains in Merck& Co's shares lifted the Dow and other drug companies.
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GENEVA, June 3- UBS's private banking head hit back against a shareholder's call to hive off the investment bank, saying the units work together to serve wealthy private clients. "We take them seriously," UBS private banking head Juerg Zeltner said of the Knight Vinke campaign.
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LONDON/ ATHENS, June 3- A U.S. investment firm is offering to buy as much as 10 percent of all outstanding Greek government bonds, in an offer that surprised traders both because of its low price and its unexpected origin.
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