BEIJING, April 21- A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade.» Read More
*Euro hovers below two-year high vs dollar after soft German Ifo data. "Traders continue to make the euro their favorite anti-dollar trade in light of expectations the Fed will continue its QE program well into the start of next year," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.
Shares of Tesla Motors Inc have soared more than 410 percent this year as the electric car maker, run by billionaire Elon Musk, beat Wall Street's earnings estimates and forced hedge fund managers who had shorted the stock to buy it to cover their positions.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago as assets and performance fees rose, but reported an outflow of investor cash from its equity funds.
*Treasury to sell $96 bln in 2, 5, 7- yr debt next week. NEW YORK, Oct 25- U.S. "The market continues to do better here in an environment where the Fed is not tapering quantitative easing until sometime in 2014," said Gary Pollack, head of fixed income trading at Deutsche Bank Private Wealth Management in New York.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago but reported an outflow of investor cash from its equity funds.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago. For the three months ended Sept. 30 the Baltimore asset manager reported net income of $86.3 million, or 70 cents per share, up from net income of $80.8 million, or 60 cents per share, in the same period in 2012..
Customers withdrew more money than they added for a variety of reasons among the firms, which include T. Rowe Price Group Inc, Franklin Resources Inc, Janus Capital Group Inc, and at Federated Investors Inc..
NEW YORK, Oct 24- Apax Partners LLP is in advanced talks to acquire medical cost containment services company One Call Care Management Inc from Odyssey Investment Partners LLC for more than $2 billion, three people familiar with the matter said on Thursday.
*Third-qtr adj profit $0.46/ shr vs est $0.36. Oct 24- Investment bank Lazard Ltd reported a better-than-expected 81 percent jump in quarterly profit due mainly to higher revenue in its asset management unit, which now accounts from more than half of its business.
Oct 24- Investment bank Lazard Ltd reported an 81 percent rise in quarterly profit, driven by higher revenue from asset management and financial advisory businesses. Net income attributable to common shareholders rose to $60.3 million, or 45 cents per share, in the third quarter from $33 million, or 26 cents per share, a year earlier.
Jason O'Connell, research director at Boston Private Bank, says the asset management business model is "tremendous" due to "terrific cash flow" and "very little balance sheet risk".
Oct 23- Edward Andrews Homes, a single-family homebuilder and land developer, said it has teamed up with the real estate arm of Carlyle Group LP to build single-family homes, a sign of continuing private equity interest in the U.S. property market.
Steve Tananbaum, Goldentree, joins CNBC's David Faber to discuss the government shutdown. He believes both parties will figure it out and avoid deficit.
Peter Lenardos, director of pan-European financials at RBC, discusses asset managers following RBC's downgrade of Man Group and says that the industry as a whole continues to underperform.
Peter De Proft, director general at the European Fund and Asset Management Organisation (EFAMA), tells CNBC there are a lot of opportunities in the asset management industry.
Japan's public pension fund - a pool of over $1 trillion - is considering a change to its portfolio strategy that could allow its investment in domestic stocks to grow with a rallying market, according to people familiar with the deliberations.
BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.
One-time hedge fund darling Apple was dropped by more famous hedge fund managers in the first quarter.
Billionaire hedge fund manager Daniel Loeb said Sony reminds him of Yahoo before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company.
Days after reporting some of the industry's deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term.