Oct 23- The Orange County Sanitation District, a wastewater treatment facility in California, became the latest institutional investor to move money away from bond giant Pimco, weeks after the shock departure of Pimco's CIO Bill Gross. The OCSD said its board on Wednesday unanimously approved the selection of Chandler Asset Management as its external...» Read More
May 1- Investment bank and asset manager Lazard Ltd more than doubled its adjusted quarterly profit as its merger advisory revenue soared in a thriving M&A market. Lazard's financial advisory revenue soared 64 percent to $275.5 million in the first quarter ended March 31, driven by a doubling of M&A and other advisory fees.
TORONTO, May 1- Manulife Financial Corp said on Thursday its first-quarter profit rose by more than 50 percent as a stronger investment performance and higher wealth management fees more than offset weaker insurance sales, but the results just missed analysts' estimates.
April 30- Private equity firm Carlyle Group LP reported an 18 percent drop in quarterly profit on Wednesday as strength in its main business of corporate buyouts was offset by weaker performances in its credit and real-estate funds.
*Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.3 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.
*Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.8 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.
NEW YORK, April 30- U.S. investors starting on Wednesday will be able to use a single exchange-traded fund to invest in China's onshore and offshore equities markets when Deutsche Asset and Wealth Management launches the first U.S.-listed ETF with broad exposure to multiple China share classes.
April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit on Wednesday as asset sales slowed and compensation costs rose. ENI was 85 cents per adjusted unit after taxes, below the average analyst estimate of $1.01, according to Thomson Reuters I/B/E/S.
*First-qtr ENI $0.85 vs est $1.01/ unit. April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit as compensation costs rose. Total assets under management rose to $198.9 billion from $176.3 billion a year earlier.
ZURICH, April 30- Brazilian-Swiss private bank J. Safra Sarasin has agreed to buy Morgan Stanley's Swiss private banking unit, beefing up its business with the wealthy in the Middle East and Latin America.
PIMCO'S MAISONNEUVE SAYS TO DEVELOP HYBRID BOND-EQUITY OFFERINGS TO HELP COMPANY REBALANCE ITS ASSETS UNDER MANAGEMENT.
*Virginie Maisonneuve to stick to existing growth strategy. By Simon Jessop and Alexander Smith. That equity expansion strategy has been honed in the three months since French-born Virginie Maisonneuve was hired by then-Chief Executive Mohamed El-Erian- before a high-profile bust-up with Chief Investment Officer Bill Gross led to El-Erian's departure.
April 29- Asset management company Northern Trust Corp said it received a subpoena from the U.S. Securities and Exchange Commission seeking documents related to the company's securities-lending activities. Northern Trust said it received the subpoena in April, without giving further details about the investigation.
April 28- Chad Leat, a retired Citigroup Inc executive who helped finance some of the world's largest leveraged buyouts, is now working as a consultant for former client Apollo Global Management LLC, people familiar with the matter said.
April 28- Financial services company Ameriprise Financial Inc reported a 19 percent rise in first-quarter profit, driven by strong income from its wealth management business and said it would buy back an additional $2.5 billion in stock.
Japan overhauled the world's biggest public pension fund in a push toward Prime Minister Shinzo Abe's goal of a more aggressive investment strategy.
Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil
The SEC will press ahead with a pilot that will allow small-cap stocks to trade in wider increments, the chair announced Friday.
E-commerce auction house eBay became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.
Daniel Loeb's hedge fund will be losing Rhode Island as a client after the state's pension fund found his Third Point too risky.
A unit of asset manager Legg Mason will pay more than $21 million to settle civil cases with that accused the company of hiding losses from investors.