*Founder Ercil was formerly Asia head of Perry Capital. *Opportunities for Asia distressed asset investment growing. ARCM, founded by Alp Ercil, the former Asia head of New York- based Perry Capital, has become one of the largest hedge fund companies in the region.» Read More
TOKYO, Aug 5- Japanese government bond prices rose on Monday, with the 20- year yield hitting a five-week low, tracking firmer U.S. * "The report was slightly weaker than expected but it was sort of on the expected level," said a fixed-income fund manager at a Japanese asset management firm in Tokyo.
NEW YORK, Aug. 4- When Josh McFarland graduated from Stanford he owed $40,000 in student loans and couldn't fathom a way he'd ever pay it off and have a future for himself- not unusual for the typical young adult these days. Then he went to work for Google. He married a fellow Google employee, so she had stock too.
NEW YORK, Aug 2- The chief executive of discount brokerage firm TD Ameritrade Holding Corp has signed a four-year employment agreement guaranteeing an annual base salary of $900,000 and target annual cash and stock incentives of $5.6 million through Oct. 1, 2017.
LONDON, Aug 2- The winning investment strategy of 2013 has been simple but extreme: return home to the safety of the biggest, most-traded markets, or venture to the riskiest frontiers from Ivory Coast to Pakistan. Those in the middle of the risk curve- the biggest emerging markets that now account for almost half of the top 20 world economies- have been the big losers.
NEW YORK, Aug 1- Fortress Investment Group on Thursday reported its profit almost tripled in the second quarter as double-digit returns in its hedge funds and a solid performance in its credit funds led to higher incentive income.
NEW YORK, Aug 1- Fortress Investment Group's pre-tax distributable earnings rose significantly in the second quarter as strong performance across its various fund offerings led to higher incentive income.
NEW YORK, July 31- For Airgas Inc founder and Chairman Peter McCausland, there was a fair amount of schadenfreude in the air on Wednesday. McCausland, 62, fought a bitter and eventually successful battle for 13 months to keep Airgas independent in the face of a hostile bid from Air Products and Chemicals Inc..
BOSTON/ NEW YORK July 31- Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, a $2.2 billion play on Air Products& Chemicals Inc that the billionaire trader kept secret for two months.
NEW YORK, July 31- BlackRock Inc, the world's largest money manager, is making a push into the retirement market with a new series of indexes and funds geared toward individual investors preparing for retirement. BlackRock also said it filed prospectuses late Tuesday with the U.S. Securities and Exchange Commission to provide bond funds linked to the indexes.
BOSTON/ NEW YORK July 31- Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, a $2.2 billion play on Air Products& Chemicals Inc that the billionaire trader kept secret for two months. The activist investor's Pershing Square Capital Management owns 9.8 percent of the industrial gas maker, making it the company's biggest shareholder.
NEW YORK/ GENEVA/ SAO PAULO, July 31- Brazil's Grupo BTG Pactual SA, Latin America's largest independent investment bank, is making a bold push into the global commodity markets just as other banks bow out, betting it can avoid the regulatory pressure rattling rivals.
July 31- Credit Suisse Group AG is in advanced talks to sell a private equity business to Grosvenor Capital Management LP as the bank adapts to stricter rules for managing capital and risk, a person familiar with the matter said on Wednesday.
BOSTON/ NEW YORK July 31- Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, announcing a $2.2 billion play on Air Products& Chemicals Inc., but shed no light on how the billionaire trader kept the position secret for the past two months.
PARIS, July 31- French bank BNP Paribas plans to expand in Germany, Europe's biggest economy, after cost cuts failed to stem sliding quarterly earnings in flagging markets like Italy.
*ThyssenKrupp falls after UBS downgrade. Germany's DAX fell 0.6 percent to 8,234.69 points after data showed German retail sales fell 1.5 percent on the month in June, their biggest drop this year. Hendrik Klein, head of high-frequency trading and asset management firm Da Vinci Invest AG, said the index could fall to 8,000 points. "
TOKYO, July 31- Mitsubishi UFJ Financial Group Inc, Japan's top lender by assets, and No. 2 Mizuho Financial Group Inc said their quarterly net profits had risen by more than a third, driven by a rally in Japanese stocks that pushed up the value of their equity portfolios.
BOSTON/ NEW YORK, July 30- Herbalife's surging stock price may be causing hedge fund manager William Ackman gastrointestinal pain now that he is nursing $300 million in losses due to his billion dollar bet that the nutrition and supplement maker's shares would fall.
July 30- A securities analyst accused of leaking secret information in 2009 about a potential partnership between Yahoo and Microsoft to an SAC Capital Advisors hedge fund manager and other traders was arrested and charged in California, prosecutors said on Tuesday.
NEW YORK, July 29- Prices of U.S. Bank Wealth Management in Kansas, Missouri, said the market would likely trade "in a pretty tight range" unless Friday's employment report "is incredibly weak" and persuades market participants that the Fed won't begin to cut back on its bond purchases until December. "
July 26- A former hedge fund manager pleaded guilty on Friday to defrauding investors in a $12.6 million scheme, more than five years after the fund collapsed under the weight of failed real estate loans.