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  • TOKYO, Jan 29- Nomura Holdings Inc reported a 45 percent rise in third-quarter net profits on Thursday, the biggest jump in its quarterly profits in a year, thanks to a strong performance by its retail equity business. Nomura, Japan's largest investment bank and brokerage, has benefited along with nearest rival Daiwa Securities Group Inc from a renewed appetite...

  • *Q3 profit Y70 bln yen vs Y39.5 bln analyst view. TOKYO, Jan 29- Nomura Holdings Inc reported a near 50 percent jump in third-quarter net profit on Thursday, as weakness in overseas bond-trading was offset by strength in the retail business of Japan's biggest investment bank and brokerage. Profit reached 70 billion yen in October-December versus the 39.5 billion...

  • HONG KONG, Jan 29- China's efforts to raise the global status of its currency are paying dividends, with the yuan breaking into the top five world payment currencies for the first time and offshore trading volumes catching up with those onshore. "Daily trading volume in CNH spot, forward and swap markets have already reached $30 billion, among which $10 billion is...

  • TORONTO, Jan 28- AGF Management Ltd posted fourth-quarter earnings and revenue that missed expectations on Wednesday as the Canadian fund manager recorded a decline in income from management and advisory fees. Assets under management at AGF Management, one of Canada's largest independent fund managers, rose 2 percent to C $35.11 billion at the end of...

  • LONDON, Jan 28- Hedge funds earned $1.5 trillion for their investors over the last ten years and more pension funds are increasing the amount of money they allocate to them, trade body Alternative Investment Management Association said on Wednesday. The trade body said that one in every four dollars invested in the nearly $3 trillion industry is sourced from...

  • As part of the settlement, the SEC said Oppenheimer is admitting to wrongdoing and will be required to hire an independent consultant to review its policies over a five-year period. It said Oppenheimer aided and abetted illegal activity by Gibraltar Global Securities, a Bahamas- based brokerage firm that the SEC sued last year. The SEC said Gibraltar was not...

  • NEW YORK, Jan 27- Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets. GSO Capital Partners LP, Blackstone's credit investment arm, has...

  • NEW YORK, Jan 26- A blizzard bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton staffs as many employees opted to work from home. "No one will give me a medal for making it to work after a five-hour commute," said Anurag Bhardwaj, a managing director who works with hedge funds at Barclays...

  • MOSCOW, Jan 26- Ratings agency S&P said on Monday it had cut Russia's sovereign credit rating to BB+ or below investment grade with a negative outlook, and said Russia's economic growth prospects have weakened. It could not only harm Russia's image among investors, but also push up its borrowing costs, as many mainstream investment and pension funds have rules...

  • Mega-funds start to beat retreat from emerging markets Monday, 26 Jan 2015 | 12:38 PM ET

    LONDON, Jan 26- Big pension, insurance and sovereign funds that kept faith with emerging markets during the massive selloffs of 2013 and 2014 may be starting to waver, potentially depriving the sector of a key source of support. But years of weak returns and cloudy growth prospects are now souring the mood, with the World Bank this month again cutting its growth...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • *Abu Dhabi Islamic Bank plunges after Q4 results disappoint. DUBAI, Jan 26- Saudi Arabia's stock market rose on Monday as it traded for the first time since King Salman succeeded his brother Abdullah, who died on Friday. After swiftly assuming power, King Salman pledged continuity in energy and foreign policies and appointed younger men as his heirs, appearing to...

  • European pension funds lobby Oracle on pay, governance Sunday, 25 Jan 2015 | 11:12 PM ET

    Jan 25- Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. In a letter addressed to the Oracle board that was seen by Reuters, the...

  • LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.

  • NEW YORK, Jan 23- The billionaire hedge fund manager Louis Bacon has filed a $50 million defamation lawsuit against the Canadian fashion designer Peter Nygård, escalating a long-running battle between the owners of neighboring properties in an exclusive gated community in the Bahamas. Nygård "caused these brazen lies to be published with actual malice and...

  • NEW YORK, Jan 23- Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities. "The market is at a critical juncture, and it is important that certain standards and certain...

  • Jan 23- General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. "It's going to be an albatross... as long as energy prices stay low," said Tim Ghriskey, chief investment officer of Solaris Asset Management.

  • *UPS shares fall after outlook, Starbucks up on results. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. United Parcel Service Inc gave a fourth-quarter...

  • BOSTON, Jan 22- Janus Capital Group Inc's new star bond fund manager also turns out to be one of the fund firm's top investors. Shares of the Denver company rose 11 percent on Thursday after fourth-quarter earnings came in above expectations with the help of new hire Bill Gross, even as it acknowledged that half the money in his fund came from Gross himself.

  • FRANKFURT/ LONDON, Jan 22- Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell ahead of their planned merger, several people familiar with the matter said. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak demand.