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  • NEW YORK, April 9- Canadian fashion designer Peter Nygård escalated his acrimonious U.S. legal battle with Louis Bacon, saying the billionaire hedge fund manager may have driven a groundskeeper to set a fire that heavily damaged Nygård's neighboring Bahamas beachfront estate. Nygård made the accusation in a countersuit filed Wednesday in a New York state...

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of its Bache unit's futures business to Societe Generale. Societe Generale said in a statement on Thursday that the transaction covered mostly futures execution and clearing activities. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • April 9- Euromoney Institutional Investor Plc on Thursday named Andrew Rashbass, chief executive of the Reuters news division of Thomson Reuters Corp, as executive chairman. Rashbass joined Thomson Reuters in July 2013 from The Economist Group, where he was CEO. Thomson Reuters said Rashbass will leave the company at the end of April and Reuters...

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of Bache unit's futures business to Societe Generale. Jefferies also said it bought Faros Trading LLC, the institutional foreign exchange brokerage unit of retail currency broker FXCM Inc.. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • April 8- U.S. oil and gas company Apache Corp said it would exit its exploration and production business in Australia by selling its unit in the country to a consortium of private equity funds for $2.1 billion in cash. The sale of Apache Energy Ltd to a consortium of funds managed by Macquarie Capital Group Ltd and Brookfield Asset Management Inc has an effective...

  • Apache exits Australia E&P business with $2.1 bln sale Wednesday, 8 Apr 2015 | 4:54 PM ET

    The sale of Apache Energy Ltd to a consortium of funds managed by Macquarie Capital Group Ltd and Brookfield Asset Management Inc has an effective date of Oct. 1, 2014, Apache said.

  • DUBAI, April 8- Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. It is the world's third-largest alternative asset manager after Blackstone Group and Carlyle Group, and has offices in eight...

  • "We look for companies that have solid employee rankings and want to buy companies that have improvements in employee opinions," said Paul Ebner, a portfolio manager and member of BlackRock's scientific active equity group, a team of quantitative managers. At BlackRock, which has more than $4.65 trillion in assets, the company's 77- member quantitative team...

  • SHANGHAI, April 8- Chinese funds are snapping up shares in Hong Kong, betting that a link-up between the Shenzhen and Hong Kong stock exchanges, and easier access for institutional investors, will yield quick double-digit or even triple-digit arbitrage profits. On Wednesday, Chinese investors used the entire 10.5 billion yuan daily investment quota for...

  • April 7- Private equity firms Blackstone Group LP and Corsair Capital are in talks to acquire a major stake in First Eagle Investment Management, valuing the company at around $4 billion, including debt, according to people familiar with the matter. The negotiations with First Eagle's owner, buyout firm TA Associates, are expected to continue for weeks and a deal...

  • "We look for companies that have solid employee rankings and want to buy companies that have improvements in employee opinions," said Paul Ebner, a portfolio manager and member of BlackRock's scientific active equity group, a team of quantitative managers. At BlackRock, which has more than $4.65 trillion in assets, the company's 77- member quantitative team...

  • Marcato, which owns about 1.6 percent of BNY Mellon's stock, previously has called for the ouster of Chief Executive Gerald Hassell, saying he has missed profit targets and has failed to streamline the bank's expense base. Marcato, a $3 billion fund led by Richard McGuire, said BNY Mellon rivals, including State Street Corp, Vanguard Group and BlackRock Inc, have...

  • BOSTON, April 7- Wealthy investors protested the hedge fund industry's recent lackluster returns and high fees by pulling a net $4 billion out of the $2.5 trillion industry during the first two months of 2015, data released on Tuesday show. The number contrasts with the heady days of 2014 when investors added $31.6 billion of new money in January and February,...

  • Marcato, which owns about 1.6 percent of BNY Mellon's stock, previously has called for the ouster of Chief Executive Gerald Hassell, saying he has missed profit targets and has failed to streamline the bank's expense base. Marcato, a $3 billion fund led by Richard McGuire, said BNY Mellon rivals, including State Street Corp, Vanguard Group and BlackRock Inc, have...

  • DUBAI, April 7- A British asset manager is teaming up with a Tehran- based firm to establish funds that will invest in the Iranian securities markets, in a sign that flows of foreign money into Iran may not wait for economic sanctions to be lifted. London- based Charlemagne Capital, an emerging market asset management group with about $2.5 billion under management,...

  • April 6- Chicago- based independent wealth management firm HighTower Advisors LLC said it has hired an eight-member team which managed about $750 million in assets at Morgan Stanley. Bahnsen, who also serves as the team's chief investment officer, worked at UBS Financial Services before joining Morgan Stanley. Szytel began his career at UBS before moving to...

  • BOSTON, April 6- Ron O'Hanley, the new leader of State Street's $2.45 trillion asset management division, says he will look closely at expanding the bank's stable of bond-related products as exchange-traded funds run by rivals Vanguard and BlackRock have been more dominant in attracting investor money. The 58- year-old O'Hanley started his new job as the head...

  • April 6- Focus Financial Partners LLC added to its network the Fiduciary Group, a $600 million registered investment adviser based in Savannah, Georgia. The Fiduciary Group primarily provides wealth management, investment management and financial planning services to high net worth individuals and families, trusts and estates, closely held businesses, and...

  • DUBAI, April 3- Iranian investment banker Ramin Rabii says he shouted in joy when he learned that Tehran and world powers had reached a deal which promises to lift economic sanctions on Iran. Rabii, managing director of Turquoise Partners, a Tehran- based investment firm with about $200 million of assets under management, has been grappling for years with the...

  • April 2- Former UBS AG executive Hansruedi Schumacher pleaded guilty to conspiring to defraud the United States by helping wealthy Americans hide their money from tax authorities. Raoul Weil, who headed wealth management at Zurich- based UBS, was acquitted in November last year for helping thousands of U.S. taxpayers hide up to $20 billion in assets in offshore...