NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.» Read More
Nov 15- Activist investor Bill Ackman's Pershing Square hedge fund has invested half a billion dollars to acquire stakes of nearly 10 percent each in Freddie Mac and Fannie Mae, the latest big investor this week to buy into the mortgage finance companies.
NEW YORK, Nov 15- Global equity markets rose on Friday after President Obama' s choice to lead the Federal Reserve signaled the U.S. central bank's stimulative monetary policy would stay in place for some time, while the dollar rose to a two-month high against the yen.
*J.C. Penney, FedEx gain on hedge fund stakes. Federal Reserve Chair nominee Janet Yellen told a Senate Committee that the central bank's economic stimulus would continue and several key important investors disclosed stakes in companies like J.C. Penney and Exxon Mobil.
NEW YORK, Nov 15- Global equity markets rose on Friday after Janet Yellen, President Obama' s choice to lead the Federal Reserve, signaled the U.S. central bank's stimulative monetary policy would remain in place for some time, while the dollar rose to a two-month high against the yen.
LONDON, Nov 15- Global stocks may be running out of room to rally further after a bumper year as the fragile economic recovery and the prospect of a cut in the Federal Reserve's bond buying discourage big investors.
BEIRUT, Nov 15- The World Bank will set up a trust fund to raise hundreds of millions of dollars to help Lebanon bear the cost of hosting a human wave of refugees from Syria, the bank's regional director said on Friday.
*PIMCO trims SPDR Gold Trust for 4 straight quarters. NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, in the third quarter after slashing its stake by more than half in the second quarter when bullion prices plummeted.
Mark Megalli, an investment professional with the hedge fund Level Global Investors LP, obtained inside information that helped his firm avoid about $2.4 million in losses and make $853,655 in ill-gotten profits, the SEC said in a statement.
*Japan one of industry's best bets in 2013. LONDON/ HONG KONG, Nov 15- Japan, a frustration for the world's sharpest hedge fund minds for more than a decade, is proving one of the industry's biggest winners this year.
Hedge funds Highfields Capital, Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator, and Glenview Capital, already a big owner, added to its holdings.
NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, in the third quarter after slashing its stake by more than half in the second quarter when bullion prices plummeted.
NEW YORK/ BOSTON, Nov 14- Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd, J.C. Penney Co and Sotheby's. Ellington Management Group LLC, a $5.5 billion investment firm founded by Michael Vranos, took a new position in auction house Sotheby's, as did Eric Mindich's Eton Park Capital Management.
NEW YORK, Nov 14- Hedge funds including Eton Park Capital Management and Ellington Management Group took new positions in Sotheby's during the third quarter, joining activist investor Daniel Loeb as he pushes for change at the 269- year-old auction house.
BOSTON/ NEW YORK, Nov 14- Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd, J.C. Penney Co and Sotheby's.
LONDON, Nov 14- U.S. investment banks JPMorgan Chase& Co and Citi saw their share of investment banking revenue increase more than any of their peers in the first nine months of the year, new research showed on Thursday.
NEW YORK/ BOSTON, Nov 14- American boardrooms are looking grayer than ever.
Nov 13- Jeffrey Gundlach, co-founder of DoubleLine Capital, said the U.S. stock market is the "only game in town" as the Dow and the S&P 500 closed at record highs on Wednesday, though he would be hesitant to add new money because "I don't like buying high."
NEW YORK, Nov 13- The brokerage industry is reaching out to consumers with a new "Investors First" initiative designed to win the hearts and minds of those who are skeptical of Wall Street advisers.
NEW YORK, Nov 13- Asset managers building big stakes in corporate bonds could be left hanging as banks cut back on providing liquidity, increasing the risk of chaotic selloffs should interest rates spike from record lows.
PARIS, Nov 13- European stocks dropped on Wednesday, with a broad benchmark hitting a three-week low, as uncertainty over the outlook for equity-friendly monetary stimulus from central banks prompted investors to book recent hefty profits.