Asset Management and Custody Banks
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May 13- The special committee of Dell Inc's board of directors on Monday asked Carl Icahn for more details on the activist investor's proposed offer for the computer maker. Last week Icahn and Southeastern Asset Management Inc challenged Michael Dell's $24.4 billion bid to take Dell private with an offer of $21 billion in cash.
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*Managed money net longs at $63 bln for week ended May 7. The net long money held by money managers across 22 U.S.-traded commodities rose by about $1.4 billion, or 2 percent, to around $63 billion for the week ended May 7, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
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LAS VEGAS, May 10- In Las Vegas this week, hedge fund investors rubbed shoulders with big-name managers, Hollywood heavies and political swells against a Bellagio hotel backdrop of glitz and gambling.
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LONDON, May 10- Most investors see the yen's latest lunge as a byproduct of the rich world's money printing gambit and not a deliberate escalation in a notional currency war, but it is raising concerns about possible new ructions.
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May 10- Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's biggest shareholders, have proposed an alternative to a $24.4 billion buyout led by founder Michael Dell that will take private the world's No. 3 PC maker.
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May 10- Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's biggest shareholders, have proposed an alternative to a $24.4 billion buyout deal led by founder Michael Dell. Additionally, they would have the option of receiving a distribution of $12 a share in cash or $12 a share in stock valued at $1.65 a share.
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May 10- A British pension fund adviser has joined the calls for Jamie Dimon, chief executive and chairman of the board of JPMorgan Chase& Co, to surrender the chairmanship.
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May 10- Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's largest shareholders, have proposed an alternative to a $24.4 billion buyout deal led by founder Michael Dell.
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LONDON, May 10- Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now.
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HONG KONG, May 10- As central banks print cash to boost moribund economies, investors in Asia wanting to hedge against rising prices are dumping gold and doubling down on property.
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May 10- Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's largest shareholders, have proposed an alternative to a $24.4 billion buyout deal led by founder Michael Dell, the Wall Street Journal reported.
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NEW YORK, May 9- PIMCO Total Return Fund, the world's largest bond fund, increased its U.S. The fund, which has roughly $292.9 billion in assets and is run by Bill Gross, increased its holdings of U.S.
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According to filings late Wednesday in Manhattan bankruptcy court, MSR Hotels& Resorts Inc. sought Chapter 11 protection from creditors to sell its remaining assets and wind down.
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NEW YORK, May 9- Investors in Steven A. Cohen's SAC Capital Advisors will get a bit more time during the second quarter to decide whether to withdraw money from the $15 billion hedge fund. A source familiar with the hedge fund said on Thursday that the deadline for submitting redemption notices before the end of the quarter on June 30 was extended to June 3 from May 14.
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Billionaire Falcone and his hedge fund, Harbinger Capital Partners, have agreed to pay $18 million to settle two lawsuits brought by the U.S. Securities and Exchange Commission, according to a filing by Harbinger Group Inc, a publicly traded investment company where Falcone is chairman and chief executive officer.
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WASHINGTON, May 9- A top official at the U.S. Securities and Exchange Commission is leaving the agency to become chief compliance officer of Prudential Financial Inc's mutual fund arm, the SEC and Prudential announced on Thursday.
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NEW YORK-- Harbinger Group Inc., the holding company run by hedge fund manager Philip Falcone, said Thursday its fiscal second-quarter loss widened, pulled down by losses related to its preferred stock.
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May 9- Private equity firm Carlyle Group LP reported flat first-quarter profit and a decline in cash generated from managing and selling assets, despite strong capital markets that have allowed its peers to boost earnings. On a post-tax basis, this translated into $1.02 per adjusted unit, beating analysts' average forecast of 94 cents in a Thomson Reuters poll.
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May 9- Carlyle Group LP reported slightly higher first-quarter profit on Thursday and said cash generated from managing and selling assets was down 6 percent, despite strong capital markets allowed other private equity firms to boost earnings.
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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.