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  • BEIJING, Jan 30- China's securities regulator said on Friday it will punish five fund management companies for faulty internal controls that led to insider trading, another move in a Beijing's widening crackdown on Chinese brokerages and fund managers. The China Securities Regulatory Commission named only two of the five: China Asset Management Co Ltd and...

  • Jan 29- The former controller of Contrarian Capital Management LLC pleaded guilty on Thursday to one count of wire fraud stemming from his embezzlement of more than $9 million from the Connecticut hedge fund, federal prosecutors said. Lawrence Herzing, 45, of Greenwich, Connecticut, entered his plea before U.S. District Judge Jeffrey Alker Meyer in Bridgeport,...

  • MELBOURNE/ NEW YORK, Jan 29- Macquarie Group Ltd is in talks to buy Jefferies Group LLC's commodities and financial derivatives brokerage, three sources said, as the Australian bank continues to expand its commodities business while rivals retreat. News of the talks come just a month after the U.S. investment bank, owned by Leucadia National Corp, said it was...

  • *Q4 ENI of $1.25 per share vs Street view of 92 cents. Jan 29- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday it had reduced its exposure to oil prices and was eyeing new opportunities in the energy sector as it reported a 6 percent decline in fourth-quarter profit. Blackstone shares were flat in afternoon trading in New York at...

  • Virtus beats 4Q profit forecasts Thursday, 29 Jan 2015 | 12:03 PM ET

    HARTFORD, Conn. _ Virtus Investment Partners Inc. on Thursday reported fourth-quarter profit of $18.9 million. On a per-share basis, the Hartford, Connecticut- based company said it had profit of $2.05. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.

  • Fed could wait until September to lift rates -BlackRock Thursday, 29 Jan 2015 | 10:47 AM ET

    NEW YORK, Jan 29- The U.S. "Using words such as solid growth and strong employment gains would allow the Fed to continue down previously telegraphed mid-year lift-off, but recognizing the near-term softness in inflation, combined with referencing international conditions, provides the central bank with the ability to wait until September to begin the...

  • Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 10:13 AM ET

    Blackstone reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.

  • UPDATE 1-Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 8:43 AM ET

    Jan 29- Blackstone Group LP, the world's largest alternative asset manager, reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago. Economic net income, a metric of profitability that takes into account the mark-to-market valuation of its portfolio, fell to $1.45 billion in the...

  • TOKYO, Jan 29- Nomura Holdings Inc reported a 45 percent rise in third-quarter net profits on Thursday, the biggest jump in its quarterly profits in a year, thanks to a strong performance by its retail equity business. Nomura, Japan's largest investment bank and brokerage, has benefited along with nearest rival Daiwa Securities Group Inc from a renewed appetite...

  • *Q3 profit Y70 bln yen vs Y39.5 bln analyst view. TOKYO, Jan 29- Nomura Holdings Inc reported a near 50 percent jump in third-quarter net profit on Thursday, as weakness in overseas bond-trading was offset by strength in the retail business of Japan's biggest investment bank and brokerage. Profit reached 70 billion yen in October-December versus the 39.5 billion...

  • HONG KONG, Jan 29- China's efforts to raise the global status of its currency are paying dividends, with the yuan breaking into the top five world payment currencies for the first time and offshore trading volumes catching up with those onshore. "Daily trading volume in CNH spot, forward and swap markets have already reached $30 billion, among which $10 billion is...

  • BRIDGEPORT, Connecticut— A Venezuelan-American hedge fund manager was sentenced Thursday to 13 years in prison for running a Connecticut fraud scheme involving hundreds of millions of dollars from Venezuela's state oil company. As an adviser to Venezuela, he devised a currency arbitrage market that, according to him, generated $60 billion for the...

  • Greenhill posts 4Q profit Wednesday, 28 Jan 2015 | 5:31 PM ET

    NEW YORK _ Greenhill& Co. on Wednesday reported fourth-quarter profit of $15.2 million. The bank, based in New York, said it had earnings of 51 cents per share. Keywords: Greenhill& Co., Earnings Report.

  • TORONTO, Jan 28- AGF Management Ltd posted fourth-quarter earnings and revenue that missed expectations on Wednesday as the Canadian fund manager recorded a decline in income from management and advisory fees. Assets under management at AGF Management, one of Canada's largest independent fund managers, rose 2 percent to C $35.11 billion at the end of...

  • LONDON, Jan 28- Hedge funds earned $1.5 trillion for their investors over the last ten years and more pension funds are increasing the amount of money they allocate to them, trade body Alternative Investment Management Association said on Wednesday. The trade body said that one in every four dollars invested in the nearly $3 trillion industry is sourced from...

  • Calamos Asset Management posts 4Q profit Tuesday, 27 Jan 2015 | 5:48 PM ET

    NAPERVILLE, Ill. _ Calamos Asset Management Inc. on Tuesday reported fourth-quarter net income of $4.8 million. The Naperville, Illinois- based company said it had net income of 25 cents per share. Calamos Asset Management shares have dropped 3 percent since the beginning of the year.

  • As part of the settlement, the SEC said Oppenheimer is admitting to wrongdoing and will be required to hire an independent consultant to review its policies over a five-year period. It said Oppenheimer aided and abetted illegal activity by Gibraltar Global Securities, a Bahamas- based brokerage firm that the SEC sued last year. The SEC said Gibraltar was not...

  • NEW YORK, Jan 27- Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets. GSO Capital Partners LP, Blackstone's credit investment arm, has...

  • NEW YORK, Jan 26- A blizzard bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton staffs as many employees opted to work from home. "No one will give me a medal for making it to work after a five-hour commute," said Anurag Bhardwaj, a managing director who works with hedge funds at Barclays...

  • MOSCOW, Jan 26- Ratings agency S&P said on Monday it had cut Russia's sovereign credit rating to BB+ or below investment grade with a negative outlook, and said Russia's economic growth prospects have weakened. It could not only harm Russia's image among investors, but also push up its borrowing costs, as many mainstream investment and pension funds have rules...