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  • Fed revives European stock rally; EDF tumbles Thursday, 19 Jun 2014 | 8:02 AM ET

    *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.

  • NEW YORK, June 18- Institutional investors including BlackRock Inc and Allianz SE's Pimco on Wednesday sued six of the largest bond trustees, accusing them of failing to properly oversee more than $2 trillion in mortgage-backed securities issued in the run-up to the 2008 financial crisis.

  • BOSTON, June 17- Massachusetts' pension fund is pushing to move some of the $5.6 billion it invests with hedge funds into separately managed accounts and may even invest, at a lower cost, in strategies designed to mimic hedge fund returns. But few big investors have been as public about their plans as Massachusetts.

  • NEW YORK, June 18- The high levels of cash that TD Ameritrade customers have been keeping in their brokerage accounts since the 2008-2009 financial collapse is on the decline, a sign of growing confidence in the U.S. stock market, company executives said at Reuters Wealth Management Summit on Wednesday.

  • But the judge, who has been presiding for more than a decade over litigation between Argentina and hedge funds that refused to exchange defaulted bonds, seemed more interested in a fiery speech on Monday night by Argentine president Cristina Fernandez de Kirchner, in which she said the country would not submit to "extortion" by the hedge funds; and by a second speech Tuesday by the Argentine economy minister, who disclosed plans to restructure bonds to avoid "attachments."

  • NEW YORK, June 18- Just because the one-time billionaire hedge fund manager Raj Rajaratnam engaged in insider trading doesn't mean his younger brother did as well, a lawyer for Rengan Rajaratnam told jurors on Wednesday.

  • *Wants UBS to split wealth management, investment bank. MONACO, June 18- Eric Knight, chief executive of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice and split its wealth management business from its investment bank.

  • NEW YORK, June 18- Lawyers for Argentina and for hedge funds that did not take part in its debt restructuring are scheduled to appear in federal court in New York on Wednesday in what could be a last-ditch attempt by the country to avoid default.

  • NEW YORK, June 18- Lawyers for Argentina and for hedge funds that refused to take part in its debt restructuring after its catastrophic 2001-02 default are scheduled to appear in federal court in New York on Wednesday afternoon, two days after the U.S. Supreme Court declined to hear the country's appeal, a court official said.

  • INTERVIEW-Knight Vinke sees UBS moving towards break up Wednesday, 18 Jun 2014 | 8:32 AM ET

    *Wants UBS to split wealth management, investment bank. MONACO, June 18- Eric Knight, CEO of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice to split its wealth management business from its investment bank.

  • JPMorgan's investment bank ranked top in Q1- survey Wednesday, 18 Jun 2014 | 3:00 AM ET

    *JPMorgan investment bank revenue $5.9 bln in Q1- survey. LONDON, June 18- JPMorgan Chase& Co was again ranked the top investment bank by revenue in the first quarter with $5.9 billion, according to a new survey published on Wednesday.

  • NEW YORK, June 17- Jurors were selected Tuesday in the trial of Rengan Rajaratnam, a former Galleon Group hedge fund manager accused of conspiring with his older brother, Raj Rajaratnam, to engage in insider trading.

  • Jury selection begins in trial of Rajaratnam's brother Tuesday, 17 Jun 2014 | 10:50 AM ET

    NEW YORK, June 17- Jury selection began on Tuesday in the trial of Rengan Rajaratnam, a former Galleon Group hedge fund manager accused of conspiring with his older brother, Raj Rajaratnam, to engage in insider trading.

  • J.P. Morgan launching its first exchange-traded fund Tuesday, 17 Jun 2014 | 9:53 AM ET

    NEW YORK, June 17- J.P. Morgan Chase& Co is launching its first exchange-traded fund on Tuesday as the Wall Street bank's asset management business makes its debut in the $1.8 trillion U.S. exchange-traded fund arena.

  • June 17- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 55 percent rise in quarterly profit on improved investment banking revenue. Bigger banks such as Citigroup Inc and JPMorgan Chase& Co expect a 20 percent fall in market revenue due to geopolitical events, global economic uncertainty and low price volatility.

  • Jefferies profit rises on investment banking revenue Tuesday, 17 Jun 2014 | 8:44 AM ET

    June 17- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 55 percent rise in quarterly profit on improved investment banking revenue. Net income rose to $61.3 million for the second quarter ended May 31 from $39.5 million a year earlier, the company said on Tuesday. Net revenue grew about 10 percent to $723 million.

  • LONDON, June 17- A bout of mergers and acquisitions gave European stocks a shot in the arm on Tuesday, while commodity and emerging market investors were somewhat calmed by the absence of an escalation in the Iraq crisis overnight.

  • M&A boost helps European shares to stabilise Tuesday, 17 Jun 2014 | 3:19 AM ET

    EDINBURGH, June 17- European shares edged higher on Tuesday, boosted by hopes of more mergers and acquisitions activity in the healthcare sector and rebounding after geopolitical concerns hit stocks in recent days.

  • M&A boost helps European shares to stabilize Tuesday, 17 Jun 2014 | 3:19 AM ET

    EDINBURGH, June 17- European shares edged higher on Tuesday, boosted by hopes of more mergers and acquisitions activity in the healthcare sector and rebounding after geopolitical concerns hit stocks in recent days.