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  • June 2- Stifel Financial Corp said its broker-dealer subsidiary, Stifel, Nicolaus& Co Inc, hired two financial advisers from UBS Securities for its Santa Rosa, California office. Todd Frediani and Larry Stater, who partnered to form Redwood Wealth Management in 2010, have more than 58 years of combined investment industry experience, Stifel said.

  • June 2- The Institute for Supply Management corrected its key manufacturing activity index for May to 55.4, nearly in line with expectations, after economists on Monday said the original release's reading of 53.2 was incorrect.

  • June 2- The Institute for Supply Management's manufacturing index for May, originally reported at 53.2, will be corrected to show a faster acceleration in factory activity last month, CNBC said on Monday, citing ISM as the source.

  • *Majority of money held in funds worth more than $1 billion. LONDON, June 1- The world's biggest hedge funds are managing more money than ever before- even while the returns they provide look less attractive compared to those achieved by younger, smaller firms.

  • NEW YORK, May 30- The U.S. Securities and Exchange Commission suffered a loss on Friday in a long-running case against a New York hedge fund manager and two others accused of engaging in a $1.3 million insider trading scheme.

  • NEW YORK, May 29- A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children's clothing company Carter's Inc, according to court papers. Steven Slawson, the co-founder of Titan Capital Management, is the latest defendant to be charged in a probe centered on the Atlanta- based retailer.

  • Shareholder anger simmers worldwide over bankers' pay Thursday, 29 May 2014 | 10:59 AM ET

    LONDON, May 29- Investors owning almost 6 billion shares rejected the pay plans of 10 of the world's biggest banks in recent weeks as anger over excessive bonuses reached record levels in Britain and jumped sharply from a year ago in the United States. At Barclays more than one-third of voters failed to back its plan, including abstentions.

  • HONG KONG, May 29- China shares slipped back to negative territory on Thursday, hurt by weaker stockbrokers and profit-taking by investors who rotated out of recent high-performers. CITIC Securities, China's largest listed brokerage, was down 1.7 percent, while Haitong Securities shed 1.5 percent.

  • NEW YORK, May 28- Former hedge fund analyst Matthew Teeple pleaded guilty on Wednesday to a criminal conspiracy charge in connection with the 2008 takeover of a technology company.

  • May 28- BlackRock Inc Chief Executive Officer Larry Fink said on Wednesday that leveraged exchange-traded funds contain structural problems that could "blow up" the whole industry one day. "We'd never do one," Fink said at Deutsche Bank investment conference in New York.

  • NEW YORK, May 28- The bidding process to build a mammoth system to track trading activity across the U.S. stock market is going through growing pains, with some participants grousing at a secretive process that excludes key groups, including brokerages.

  • BOSTON, May 28- BlackRock Inc Chief Executive Larry Fink, who runs the world's largest asset manager, said Wednesday he had fielded angry phone calls after he sent a letter in March to S&P 500 executives warning them about the perils of short-term thinking.

  • May 27- Focus Financial Partners LLC said its Rochester, New York- based partner firm, LVW Advisors, hired two veteran advisers from Wells Fargo Advisors to launch a wealth management service for affluent families.

  • LAS VEGAS, May 26- As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and sovereign wealth funds as investors.

  • CPPIB, which manages Canada's national pension fund, said on Thursday its assets rose to a record C $219.1 billion at the end of fiscal 2014, as its investment portfolio returned 16.5 percent for the year ended March 31.

  • LONDON, May 23- BlackRock, the world's biggest asset manager, said on Friday one of its main bond funds had cut its holdings of peripheral euro zone government debt to their lowest since the height of the crisis.

  • LONDON, May 23- HSBC's Chief Executive Stuart Gulliver told shareholders on Friday that Europe's biggest bank had no plans to follow rivals by dramatically reshaping its investment bank.

  • May 22- Three former executives of New Stream Capital LLC, a failed Connecticut hedge fund, have pleaded guilty to conspiring to mislead their clients to keep their largest investor, federal prosecutors said on Thursday.

  • Concentrated mutual funds pullling in assets, not returns Thursday, 22 May 2014 | 12:14 PM ET

    NEW YORK, May 22- Investors have been flocking to highly concentrated stock mutual funds in the hope that more daring bets will produce bigger returns, but it hasn't worked out that way.

  • TORONTO, May 22- Royal Bank of Canada and Toronto-Dominion Bank topped second-quarter estimates on the back of low loan-loss provisions and stronger retail lending and wealth management income, spurring shares of Canada's top two banks to all-time highs on Thursday.