SINGAPORE, Dec 5- Bank statements for almost 650 of Standard Chartered Plc's private banking clients have been found on the laptop of an alleged website hacker in Singapore, the police and the British lender said on Thursday.» Read More
NEW YORK-- General Motors' shares climbed Wednesday, reaching their highest point since re-entering the public markets more than two years ago, as a hedge fund sees the automaker's stock price rising at least 40 percent over the next 12 to 18 months.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S. Treasury finishes exiting its stake in the company, Bloomberg reported on Wednesday.
Three organizations, the American Council of Life Insurers, the American Benefits Council and the Investment Company Institute, which represents the mutual fund industry, contributed to the research and published the study.
SINGAPORE, Dec 4- The Hong Kong bourse plans to build up its commodity business by co-listing global benchmarks in metals and other products and matching them with key contracts traded on China's exchanges, its CEO said.
HONG KONG, Dec 4- Global fund managers are reaching outside Asia to tap growing demand for Chinese assets after authorities relaxed investment restrictions to promote the international use of the yuan.
NEW YORK-- Billionaire hedge-fund manager Eddie Lampert has reduced his stake in Sears Holdings Corp. to less than half, according to a regulatory filing Tuesday.
*2014 comp plan raises small household minimum to $100 K from $75 K. NEW YORK, Dec 3- UBS Wealth Management Americas unveiled its 2014 compensation plan on Tuesday, offering new expense accounts to brokers who produce annual revenue of at least $550,000 and eliminating broker pay for client households with less than $100,000 in their accounts.
Herbalife Ltd. said Tuesday that a Belgian court of appeals has overturned an earlier decision that found that the company was operating a pyramid scheme. The decision sent Herbalife's stock soaring nearly 7 percent. Herbalife faced this accusation in the U.S. from hedge fund manager William Ackman and in Belgium from consumer organization Test-Aankoop.
BOSTON, Dec 3- Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year.
*Canada's No. 4 bank is first to report quarterly results. TORONTO, Dec 3- Quarterly earnings at Bank of Montreal rose 1 percent due to stronger wealth management profit, and Canada's No. 4 bank raised its dividend, but its shares fell on Tuesday on the back of a sluggish performance at its U.S. Harris Bank unit.
BERLIN, Dec 3- Zalora, an online fashion start-up in Southeast Asia, has raised $112 million in new capital from investors including billionaire Leonard Blavatnik's Access Industries and U.S. asset management firm Scopia Capital Management.
TORONTO, Dec 3- Bank of Montreal said on Tuesday that its quarterly earnings rose 1 percent, topping estimates, after stronger wealth management results offset weaker income from the brokerage and U.S. Harris Bank units.
But many hedge funds are now branching out into long-only products in an effort to diversify and expand their business, putting them in direct competition with fund managers like Schroders, Standard Life and Pimco.
LONDON, Dec 2- Pension funds in some emerging economies have grown strongly as a percentage of gross domestic product, but others have been stagnant, data from the OECD shows. To read an article on the urgency of pension reform, please click:. *data until 2011 Source: Organisation for Economic Co-operation and Development.
HONG KONG, Dec 2- A recruitment firm looking to track down Asia's most highly prized investment bankers would normally begin searching in their natural habitat- Hong Kong.
US hedge fund managers are looking to introduce new investment vehicles as investors scorn low bond yields.
STOCKHOLM, Nov 28- Christer Gardell, who co-founded Europe's biggest activist investor Cevian Capital, expects a burst of activity in mergers and acquisitions next year as corporate confidence returns.
Americans mark Thanksgiving with travel, parades, shopping. NEW YORK- Americans gather to celebrate Thanksgiving, stuffing turkeys for family feasts, braving high winds and the bitter cold along parade routes and starting their holiday shopping one day earlier this year.
ZURICH/ DUBAI, Nov 28- Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some emerging market countries to reduce overlap with other departments, three sources familiar with the plan said.