Capital Markets


  • Dec 24- Puerto Rico's Senate by the thinnest of margins has approved an overhaul of the Caribbean island's deficit-ridden Teachers Pension Fund, which U.S. credit ratings agencies have said is essential to it holding onto its investment-grade bond ratings.

  • TOKYO, Dec 24- Japan's Government Pension Investment Fund, the world's largest pension fund, on Tuesday said Boston- based Wellington Management Company is the ninth manager of its $161 billion foreign stock portfolio. In September, the fund appointed eight managers for the foreign equity portion of its entire $1.2 trillion portfolio.

  • BOSTON, Dec 23- Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, activist hedge fund manager William Ackman wrote to his investors on Monday. Herbalife spokeswoman Barbara Henderson said the company has no comment.

  • Hedge funds lose out to equities, again Sunday, 22 Dec 2013 | 7:01 PM ET

    LONDON, Dec 23- For hedge funds that made money this year there was only one strategy that really mattered- latching onto the stockmarket rally.

  • *JPMorgan puts global company cash pile at over $5 trln. They spent nearly $3 trillion on buybacks globally since 2008, Thomson Reuters data shows, a rise of more than $150 billion from the 2002-2007 period. European M&A is down nearly a quarter on last year to $511 billion, according to Thomson Reuters data.

  • Lean years leave banks short of savvy dealmakers Sunday, 22 Dec 2013 | 4:00 AM ET

    *Volatile markets deter companies from raising funds, floating, M&A. LONDON, Dec 22- Years of quiet deal markets in Europe have left a generation of junior investment bankers with little opportunity to cut their teeth, and, with many senior staff let go, banks are finding themselves short on experience as business stirs again.

  • Dec 22- Below are the top 10 ranked investment banks for European equity capital markets deals, which includes working on new stock market listings, bonds convertible into shares, and sales of new or existing stock by already listed companies. For a story on banks running short on experienced dealmakers, click. Source: Thomson Reuters, data correct as of Dec. 18.

  • Goldman Sachs bans multidealer chatrooms - source Friday, 20 Dec 2013 | 10:45 AM ET

    LONDON, Dec 20- U.S. investment bank Goldman Sachs has become the latest major financial institution to ban its dealers from using multilateral online chatrooms, a source familiar with the matter said on Friday.

  • *JPMorgan ranked top for investment banking fees. Investment banking fees totalled $74.7 billion as of Dec. 18, up from $71.3 billion in the same period in 2012, according to data from Thomson Reuters and Freeman Consulting. U.S. bank JPMorgan Chase& Co was the top ranked bank in terms of fees, raking in a total of $5.8 billion year to date.

  • Dec 20- Goldman Sachs was the top-ranked bank globally for equity capital markets deals in 2013, according to Thomson Reuters data published on Friday. Below are the top 10 ranked global ECM bookrunners:. Source: Thomson Reuters, data accurate as of Dec.18.

  • *UBS tops league tables, followed by Goldman, Credit Suisse. HONG KONG, Dec 20- Equity capital markets in the Asia-Pacific ex- Japan region shrank for a third consecutive year in 2013, hurt by a downturn in India and slower activity in mainland China.

  • NEW YORK, Dec 19- A former stock broker pleaded guilty on Thursday to charges stemming from a conspiracy to engage in insider trading ahead of a 2009 acquisition by IBM Corp..

  • SEATTLE, Dec 19- The U.S. Department of Justice and the Securities and Exchange Commission charged two Seattle men on Thursday with 35 counts of illegally trading on private Microsoft Corp information, which prosecutors said netted the pair more than $390,000 in illicit profits over an 18- month period.

  • Neuberger Berman starts second alternative mutual fund Thursday, 19 Dec 2013 | 5:41 PM ET

    NEW YORK, Dec 19- Neuberger Berman Group LLC has launched its second mutual fund that employs external hedge fund managers to manage its assets, the New York- based investment firm said on Thursday.

  • LONDON, Dec 19- The collapse of FX Concepts, once the world's biggest currency hedge fund, is symptomatic of the dramatic decline in a once-profitable sector that faces another tough year in 2014 at the mercy of central bank policy.

  • *Fed to cut monthly stimulus to $75 bln. NEW YORK, Dec 18- Gold fell about 1 percent in choppy trade on Wednesday, after the U.S. In what amounts to the beginning of the end of its unprecedented support for the U.S. economy, the central bank said it would reduce its monthly asset purchases by $10 billion, bringing them down to $75 billion.

  • PRECIOUS-Gold rises in choppy trade after Fed decision Wednesday, 18 Dec 2013 | 3:07 PM ET

    *Gold initially falls before rebounding, tracking equities. NEW YORK, Dec 18- Gold rose on Wednesday, extending gains after the U.S. Gold prices initially fell in a knee-jerk response, but it quickly rebounded, tracking the equity market, while the dollar fell against the euro.

  • NEW YORK, Dec 18- U.S. "The five-year note auction was terrible," said John Canavan, analyst at Stone& McCarthy Research Associates in Princeton, New Jersey.

  • TPG Capital LP, Canada Pension Plan Investment Board and Leonard Green& Partners LP, which took IMS private in 2010 for $5.2 billion, including debt, chose JPMorgan as the lead underwriter after interviewing investment banks late last week, the people said.

  • IMS Health hires JPMorgan to lead IPO -sources Tuesday, 17 Dec 2013 | 6:05 PM ET

    TPG Capital LP, Canada Pension Plan Investment Board and Leonard Green& Partners LP, which bought IMS in 2010 for $5.2 billion, including debt, chose JPMorgan as the lead underwriter after interviewing investment banks late last week, the people said.

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