NEW YORK, March 10- More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.» Read More
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.
NEW YORK, Nov 13- Asset managers' bond holdings are surging as banks that traditionally facilitated trades in debt markets scale back, raising fears that increasingly one-sided markets are at a greater risk of frantic selloffs.
The SEC on Tuesday said it entered a deferred prosecution agreement with Scott Herckis, a certified public accountant from Stamford, Connecticut, for his "voluntary and significant cooperation" that helped halt a fraud by Berton Hochfeld, founder of the hedge fund Heppelwhite Fund LP.
*Bank of England has told banks to strengthen defences. LONDON, Nov 12- A cyber attack on financial markets played out in one of London's historic halls on Tuesday in a "war game" simulation designed to test the City's defences against online saboteurs. The Bank of England has told banks to strengthen their defences against cyber attacks.
DUBAI, Nov 11- Shares in Twitter Inc have been found eligible for investment by Islamic funds, according to IdealRatings, a company that screens stocks to determine whether they meet Muslim principles. The social media company's share price soared in last week's New York Stock Exchange debut after a $1.8 billion initial public offer.
LONDON, Nov 11- Hedge fund start-up Rhodium Capital, run by former Bank of America star trader Iftikhar Ali, has begun life betting on a strong performance from corporate bonds over coming months. Bond prices were hit over the summer by fears the U.S.
NEW YORK, Nov 8- Precious metals tumbled on Friday, with gold sliding the most in one day since Oct. 17, as surprisingly strong U.S. employment data lifted the dollar. Orange juice futures posted the biggest gains on the Thomson Reuters Core Commodities index, which settled up 0.45 percent, with gains in 13 of the 19 commodities it tracks.
NEW YORK/ LONDON, Nov 8- Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong U.S. jobs data raised the prospect that the Federal Reserve may soon decide to temper its bond-buying stimulus.
WASHINGTON, Nov 8- U.S. senators will question financial regulators over Wall Street's role in commodity markets, a person familiar with the matter said, in a hearing that will draw close attention from the largest investment banks.
Nov 8- Affiliates of activist hedge fund Elliott Management Corp disclosed a stake of about 9 percent in Riverbed Technology Inc and said the network equipment maker was "significantly undervalued". "This is a spark that could light a fire in Riverbed's shares," FBR Capital Markets analyst Daniel Ives said.
NEW YORK/ LONDON, Nov 8- Gold dropped 1.7 percent on Friday, on track for its biggest one-day fall in more than a month, as surprisingly strong U.S. jobs data raised the prospect that the Federal Reserve may soon decide to temper its bond-buying stimulus.
Nov 8- An affiliate of activist hedge fund Elliott Management Corp disclosed a 5.8 percent stake in Riverbed Technology Inc, a network equipment maker it said was "significantly undervalued".
*IPO set to provide insight into China's bad loan problems. SHANGHAI/ HONG KONG, Nov 8- China Cinda Asset Management gained approval for a Hong Kong IPO that sources say could raise up to $2 billion, kickstarting a deal that will show how a company created for a government bank bailout transforms into a profit-driven entity.
HONG KONG, Nov 8- China Cinda Asset Management Corp, one of four companies set up in the late 1990 s to manage the country's bad loans, received approval from the listing committee of the Hong Kong stock exchange to go public in the city, a source with direct knowledge said on Friday, clearing the way for its up to $2 billion deal.
Nov 7- The White House said on Thursday that it has nominated a senior investment banking executive at Bank of America Corp to a high-level position at the Commerce Department. Selig first joined Bank of America in 1999..
LONDON, Nov 7- The body that reviews British law has sought to remove all doubt that investors can target more-sustainable companies, but is less clear-cut over an environmental campaign against fossil fuel investment. In a significant step last month, Britain's Law Commission proposed to clarify how fiduciary duty should apply to asset managers.
BOSTON, Nov 6- Mutual funds run by T. Rowe Price Group Inc and Morgan Stanley are poised to send one sweet tweet. Their seed investments have led to success stories like the gains reaped by Fidelity Investments on Facebook shares acquired before the social network's went public last year.
NEW YORK, Nov 6- Prices for U.S. With Fed Vice Chair Janet Yellen preparing to step into the shoes of current chairman Ben Bernanke early next year, the market has been searching for hints about how Yellen might enforce the central bank's dual mandate of controlling both inflation and unemployment.
Nov 6- The Financial Industry Regulatory Authority has fined a unit of TD Ameritrade Holding Corp, the biggest U.S. discount broker, $1.15 million for failing to report options positions and related supervisory deficiencies. Canada's Toronto-Dominion Bank is TD Ameritrade's biggest shareholder with a 42 percent stake.
Nov 6- Total global commodity assets under management fell $10 billion to $343 billion in September from August, Barclays Capital said in a research note on Wednesday. Price declines offset a small net inflow of assets in September, Barclays said. AUM fell across all sectors and precious metals recorded the largest drop, $7 billion.