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The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.
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*Q1 aftertax ENI 88 cents/ adjusted unit vs view 82 cents. NEW YORK, April 25- Private equity firm KKR& Co LP said on Thursday it will share 40 percent of profits from its own investments with shareholders and reported quarterly earnings that beat expectations, sending its shares to an all-time high.
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NEW YORK, April 25- Citigroup Inc has hired two former UBS AG base metals executives to its growing metals trading desk as part of the U.S. bank's expansion of its commodities business, the bank said on Thursday. The commodities expansion comes after Citi started to broaden its commodities business last year.
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April 25- Bank of America Corp's Merrill Lynch said on Thursday it hired a team of veteran advisers in Texas from rival brokerage Morgan Stanley Wealth Management. The team, based in Houston, managed $1.1 billion in client assets and had an annual revenue production of $3.5 million at Morgan Stanley.
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LONDON/ NEW YORK, April 25- Verizon would likely have little trouble rustling up $50 billion or more in the debt markets to help fund the full buyout of Verizon Wireless from UK partner Vodafone, bankers and analysts said on Thursday.
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April 25- Morgan Stanley Wealth Management, the largest U.S. brokerage and majority-owned by Morgan Stanley, has bolstered its adviser force in California and Florida with two veteran hires from rival firms. The new additions, who moved to Morgan Stanley in April, came from Deutsche Bank and Bank of America Corp's Merrill Lynch.
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LONDON, April 25- Citigroup has appointed former Deutsche Bank dealmaker Ben Story as head of UK investment banking and broking, the latest in a string of senior hires to bolster European investment banking.
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FRANKFURT, April 25- Renewable energy production and infrastructure are gaining investor appeal as they become less dependent on government support in more European markets, the asset management arm of insurer Allianz said on Thursday. Allianz, Europe's biggest insurer, has been investing billions of euros of policy holder funds in renewable energy.
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LONDON, April 25- The banker tasked with selling Britain's stakes in Royal Bank of Scotland and Lloyds Banking Group quit on Thursday, throwing into question the government's aim to start offloading the shares before 2015..
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April 25- KKR& Co LP:. *Assets under management totaled $78.3 billion as of March 31, 2013, up from. *Says book value was $7.1 billion on a segment basis as of March 31, 2013,.
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NEW YORK, April 25- Private equity firm KKR& Co LP posted a 10.9 percent quarterly decline in earnings on Thursday due to a slower appreciation of its funds and said it will share 40 percent of profits from its own investments with shareholders.
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By Yong Xu and Gabriel Wildau. SHANGHAI, April 25- Chinese bond market authorities will suspend new account openings by non-bank financial institutions, the latest move in a growing crackdown on self-dealing in China's fast-growing bond market, multiple sources told Reuters on Thursday.
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April 25- France Telecom SA:. *Espirito Santo Investment Bank cuts target price to 11.4 euros from 12 euros;. Reuters Station users, click. 1580.
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*Hires Ken Fritz as co-head of investment banking in Germany. *Says Ken Fritz will join Lazard from Credit Suisse. *Source text for Eikon* Further company coverage.
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*Q1 aftertax ENI 88 cents/ adjusted unit vs view 82 cents. NEW YORK, April 25- Private equity firm KKR& Co LP said on Thursday it will share 40 percent of profits from its own investments with shareholders, sending its shares to an all-time high, and reported quarterly earnings that beat expectations.
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*Q1 aftertax ENI 88 cents/ adjusted unit vs view 82 cents. NEW YORK, April 25- Private equity firm KKR& Co LP said on Thursday it will share 40 percent of profits from its own investments with shareholders, sending its shares to an all-time high, and reported quarterly earnings that beat expectations.
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The broader Jakarta Composite Index fell 0.63 percent in the morning, led by a 5.13 percent fall in the shares of Astra International after Indonesia's largest listed company posted lower-than-expected first quarter results. And there's a shift in preferred brand or segmentation, "said Fadlul Imansyah, vice president at CIMB Asset Management in Jakarta.
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The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors. **BOEING CO, $91.15, up 3.3 pct. **APPLE INC, $401.20, down 1 pct.
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If Tuesday's brief market plunge from the bogus Associated Press tweet sent your pulse racing, it might be time to find a good sedative.
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The Baltimore company reported a net inflow of cash for the quarter of $3.3 billion, including inflows of $7.6 billion to its mutual funds. T. Rowe Price shares were down 4 percent to $73.19 in morning trading. T. Rowe Price has benefited from strong-performing funds and a growing retirement business.
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*CEO says Barclays on track to meet cost cutting target. LONDON, April 24- Investment banking made most of the first quarter profit at British bank Barclays, highlighting the challenge for the lender's new boss in making money as he shrinks that part of the business.