NEW YORK, April 18- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.» Read More
NEW YORK, Jan 9- Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.
Jan 9- BlackRock Inc, the world's largest asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office. BlackRock agreed to pay $400,000 for the cost of the investigation, but no fine or penalty, and to cooperate in any investigation related to the probe.
Fund managers like Daniel Loeb, who demanded that Sotheby's fire its CEO, and David Einhorn and Carl Icahn, who publicly pressed for change at iPhone maker Apple Inc, helped their firms' 2013 returns.
Since hedge fund portfolios often include at least some derivatives trading, industry experts warn that fund sponsors may be reluctant to take advantage of the SEC's new relaxed advertising rules for fear of running afoul of the CFTC's regulations. This is really language that is very clearly tied to the SEC's standards.
Jan 8- Activist hedge fund Elliott Management Corp offered to buy Riverbed Technology Inc for about $3.08 billion in cash, a move analysts said was likely to trigger higher bids for the network equipment maker.
*JPMorgan's brokerage feels financial impact of regulation. LONDON, Jan 8,- JPMorgan Chase& Co, the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.
Jan 8- Activist hedge fund Elliott Management Corp offered to buy network equipment maker Riverbed Technology Inc for about $3.08 billion in cash, an offer analysts said was likely to be a precursor to a higher bid.
LONDON, Jan 8- Global regulators have taken a first step to identifying financial firms such as brokers and hedge funds that face extra scrutiny because of the risks they pose to the wider financial system.
*Madrid, Milan, Lisbon, Athens, Dublin bourses extend rally. Trading volumes on Portugal's PSI 20 benchmark share index were nearly seven times the daily average, while turnover in Madrid, Milan and Dublin were at least 40 percent higher than average, according to Thomson Reuters data.
*JPMorgan's brokerage feels financial impact of regulation. Jan 8,- JPMorgan Chase& Co, the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.
ZURICH, Jan 7- Credit Suisse is accelerating a drive to scale back riskier fixed-income businesses following a tough 2013 and amid strict new regulation, moving further away from its traditional focus on investment banking.
ZURICH, Jan 7- Credit Suisse is stepping up efforts to scale back riskier fixed income areas squeezed by strict new regulation, it said on Tuesday. Credit Suisse wants the private bank to eventually account for half of the group's risk-weighted assets, against around a third currently.
Jan 6- A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a $50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the benchmark interest rate Libor.
ZURICH, Jan 6- Switzerland's EFG International has struck a deal to take over the Hong Kong business of Abu Dhabi- owned Falcon Private Bank, another sign of how rising costs are forcing small players to beef up or get out of the region.
BEIJING/ SHANGHAI, Jan 6- China's cabinet has published guidelines strengthening regulation of risky off-balance-sheet lending in a new effort to address growing financial risks from an explosion in debt.
BEIJING/ SHANGHAI, Jan 6- China's cabinet has issued new guidelines to strengthen regulation of the shadow-bank lending that has helped fuel an explosion in debt levels since 2008, in the latest effort to address growing financial risks, sources told Reuters on Monday.
LONDON, Jan 5- If pension funds, insurers and sovereign wealth funds were hoping to cash in on lending "high quality" assets to those scrambling to meet tougher collateral requirements in 2014, they are likely to be disappointed.
SAO PAULO, Jan 2- Mergers and acquisitions activity in Brazil is expected to accelerate early in 2014 despite risks from a presidential election and global market turmoil, with a weaker currency and cheaper valuations presenting opportunities to clinch deals. But dealmakers are hopeful the noise won't have too much of an impact on M&A activity in Brazil.
Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, even as it pleaded guilty to insider trading charges.
BOSTON, Dec 31- Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said.