Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.» Read More
*Google, Apple, Amazon among those well positioned- KPMG. MONACO, June 27- Tech companies pose a growing threat to traditional asset managers and the financial services industry needs to up its game to meet the challenge, even though the hurdle of regulation is holding back rapid change, industry executives said.
LONDON, June 27- The hunt for returns in trendless stock markets is pushing institutional investors back towards actively managed equity funds, offering relief to an industry that has borne the brunt of the surge in popularity of low-cost exchange traded funds.
*ShFE copper may see another bout of short-covering- Standard Bank. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper& Gold Inc and Newmont Mining Corp renegotiate taxes on their exports with the government, has wiped out the year's expected surplus.
One person who has thought interestingly about these issues is Stephen Jen, a hedge fund manager at SLJ Macro Partners. Jen argues, picking up on points made by economist Paul Samuelson a decade ago, that lagged effects of globalization may be behind some of the peculiarities in both markets and economics we now observe.
NEW YORK, June 26- KKR& Co LP said on Thursday it named Alexander Navab sole head of its Americas private equity business after a review resulted in Michael Michelson's giving up his title as co-head alongside Navab to return to full-time investing.
LONDON, June 26- The London Stock Exchange Group unveiled the largest acquisition in its history, snapping up U.S. group Frank Russell for $2.7 billion to boost its position in the world's largest financial services market and sending its shares surging.
LONDON, June 26- The London Stock Exchange Group said it planned to acquire U.S.-based asset manager and stock exchange provider Frank Russell for $2.7 billion, with the help of a $1.6 billion rights issue, as it ramps up its U.S. presence.
Since Detroit filed the biggest municipal bankruptcy in U.S. history last July, Syncora has objected to the city's moves nearly every step of the way- from an early agreement with investment banks over interest rate swaps to the more recent "grand bargain" designed to save the Detroit Institute of Arts.
*Upgrade of UAE, Qatar by MSCI lured billions. DUBAI, June 25- The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad.
sources@ TOKYO, June 25- Three Japanese "semi-public" pension funds aggressively bought Tokyo stocks in recent weeks, market sources said, acting before a review of their asset allocation policies is complete.
*34 new commodity funds through May, lowest since H1 2006. *Only two new "discretionary" funds, both by same trader. NEW YORK, June 24- Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-profile fund failures in the commodities sector.
Japanese Prime Minister Shinzo Abe will detail his so-called "third arrow" policies including phased corporate tax cuts and reforms for the $1.26 trillion Government Pension Investment Fund, the world's biggest pension fund.
*Wisconsin Energy to buy Integrys for $9.1 bln. *ParkerVision plummets on its heaviest-ever volume. "Right now we're digesting last week's gains and keeping an eye on all the economic data that's coming out this week," said Leo Grohowski, who oversees more than $184 billion in client assets as chief investment officer at BNY Mellon Wealth Management in New York.
June 23- Private equity firm Carlyle Group LP said on Monday it had raised $1 billion for its second fund focused on buying and selling financial institutions such as wealth managers and insurance firms, almost three years after it began fundraising.
NEW YORK, June 22- Bank of America Corp will announce on Monday it will lower the threshold for consumers who qualify for discounts on loans and other benefits as the No. 2 U.S. bank seeks to win more business from existing customers.
*Oil eases away from $115. NEW YORK, June 20- Wall Street equities hit new highs on Friday, boosted by money managers convinced that U.S. policymakers will keep a lid on interest rates through 2016, while oil prices backed away from nine-month peaks triggered by worries about the turmoil in Iraq.
MILAN, June 20- Carlyle Group has sold its entire 7.13 percent stake in Moncler for 215 million euros, the asset manager said on Friday, six months after the Italian luxury down jacket maker listed on the Milan bourse.
NEW YORK, June 20- Federal Reserve chief Janet Yellen signaled that rational exuberance is just fine.
*FTSEurofirst 300 up 0.7 pct, Euro STOXX 50 up 1.1 pct. PARIS, June 19- European stocks rallied on Thursday, with a blue-chip index near a six-year high, after the U.S. The euro zone's blue-chip Euro STOXX 50 index had risen 1.1 percent to 3,316.36 points, a level not seen since mid-2008.
LONDON, June 19- British hedge fund firm Man Group has bought U.S. peer Numeric Holdings for an initial $219 million to broaden its computer-driven business and increase its presence in the United States. Man Group's shares had risen 5.4 percent by 0918 GMT, making them the second-biggest gainer on Britain's FTSE mid-cap index, which was up 0.9.