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  • Bernanke to join hedge fund Citadel as adviser - NYT Thursday, 16 Apr 2015 | 1:20 AM ET

    Federal Reserve, will become a senior adviser to hedge fund Citadel Investment Group, the New York Times reported. Bernanke told the New York Times that he was sensitive to the public's anxieties about the "revolving door" between Wall Street and Washington and chose to go to Citadel, in part, because it "is not regulated by the Federal Reserve and I won't be doing...

  • Barclays investors urged to reject CEO's pay award Wednesday, 15 Apr 2015 | 7:34 AM ET

    LONDON, April 15- Barclays Plc shareholders should reject the British bank's remuneration policy, as pay for Chief Executive Antony Jenkins is "excessive", a shareholder advisory group said on Wednesday. Pirc, an independent group that says it offers advice to institutional investors with assets of more than 1.5 trillion pounds, said shareholders should...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.3 percent, to 4,380.5, while the Shanghai Composite Index dropped 1.2 percent, to 4,084.16 points. "Valuation of China's blue chips is still reasonable... but most of China's small-cap companies are expensive," said Huang Ruiqing, fund manager at Bosera Asset Management Co..

  • April 15- Turkish Islamic asset manager Alkhair Capital plans to launch new funds this year and will start a service to advise on Islamic bonds, or sukuk, its general manager said. Alkhair Capital, majority-owned by Bahrain's Bank Alkhair, is the only full-fledged Islamic investment firm in the country, with AZ Global and BMD Securities offering some...

  • NEW YORK, April 14- BlackRock Inc chief Larry Fink has asked the top executives of the 500 largest publicly listed U.S. companies urging them to take a long-term approach to create value for shareholders or risk losing his firm's support. BlackRock is the world's largest asset manager. Through March, buyback authorizations totaled $257 billion, the fastest...

  • HARTFORD, Conn.— The world's largest hedge fund is proposing upgrades to its wooded campus in Connecticut, a project that brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. Bridgewater Associates, which manages some $169 billion, is proposing to overhaul its office buildings and create an...

  • NEW YORK, April 14- Larry Fink, chief executive officer of BlackRock Inc, has sent a letter to the chief executives of the 500 largest publicly listed U.S. companies urging for a long-term approach to creating value for shareholders or risk losing its support. BlackRock is the world's largest asset manager. The company made Fink's letter available to Reuters...

  • April 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded. JPMorgan shares rose about 2 percent to $63.15 in premarket trading on Tuesday. JPMorgan's investment bank is the biggest in the world by revenue and ranks at or near the top in market share in almost all of...

  • TORONTO, April 13- The Canada Pension Plan Investment Board, the country's largest pension fund manager, said on Monday it is concerned about the Saskatchewan government's decision to temporarily ban certain institutional investors from buying farmland in the province. Pension plans and other institutional investors will be unable to purchase farmland...

  • *Netflix to raise share authorization, shares gain. April 13- U.S. stocks dipped on Monday as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings. Shares of General Electric dropped 3.1 percent to $27.63 after rallying on Friday, when it said there was potential to return more than $90 billion to investors through...

  • Shouting "Burger King, Mickey Ds" and holding signs saying "Dignity at Darden, No poverty wages," the protesters trooped through the ballroom at the Crowne Plaza hotel in Manhattan, interrupting the 13 D Monitor's Active-Passive Investor Summit at 1 p.m.. An unidentified person with the group, which represents the Restaurant Opportunity Center, said they came to...

  • Should you make a move on the Etsy IPO? Monday, 13 Apr 2015 | 10:00 AM ET
    Etsy is an online marketplace for handmade and vintage goods.

    Many investors think IPOs are too risky, if not outright dubious. Here are 6 key factors that can help identify the most promising IPOs.

  • SAO PAULO, April 10- The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras. Petrobras said in a filing on Friday that Bradesco Asset Management SA had nominated Eduardo Bunker Gentil and Otavio Yazbek as candidates for the board.

  • April 10- It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. As part of a wider restructuring, GE announced on Friday it would sell most of the assets of its GE Capital Real Estate unit to Blackstone and Wells Fargo& Co for about $23 billion.

  • Deals this week, the busiest so far this year, were worth $140 billion, lifting year-to-date M&A activity to almost $1 trillion, according to Thomson Reuters data. It worked for Mylan on its offer for Perrigo, BG Group in its takeover by Shell, TNT Express in its $4.3 billion bid from Fedex and Permira Advisers and the Canada Pension Plan Investment Board in its...

  • Norway proposes increased oversight of wealth fund Friday, 10 Apr 2015 | 5:47 AM ET

    OSLO, April 10- Norway's government has proposed appointing a new central bank deputy governor to oversee the country's $885 billion oil fund, aiming to increase control over the world's biggest sovereign wealth fund, it said on Friday. The fund, whose value equates to more than $170,000 for each of Norway's 5.16 million people, has come under criticism from...

  • *Russia's rouble extends week-long rally. LONDON, April 10- Emerging equities were headed for a second consecutive weekly gain on Friday on a perception that the United States will not see higher interest rates until late in the year, bolstering the appeal of non-dollar assets. The MSCI emerging equities index was 0.4 percent higher, following strong trading in...

  • SAO PAULO, April 9- Verde Asset Management, Brazil's largest hedge fund with over 30 billion reais under management, posted the highest return in six months in March as bets on a stronger U.S. dollar and rising borrowing costs in the country paid off. In a letter to investors on Thursday, Verde money managers led by Luis Stuhlberger said that the fund's currency...

  • BOSTON, April 9- Steven A. Cohen has hired a hedge fund industry veteran to head a new training program designed to pass the billionaire investor's famous stock picking skills to a new generation as he rebuilds after an insider trading scandal. Cohen's $11 billion firm Point72 Asset Management said on Thursday that Jaimi Goodfriend, a college lecturer in...

  • LONDON, April 9- Three years after facing off over Greece's debt workout, the two giants of debt restructuring- Lazard and Blackstone- are again preparing to do battle, one for Ukraine and the latter on behalf of its creditors. Another prominent player is Franklin Templeton, one of the world's biggest asset managers, whose star investor, Michael Hasenstab, has...