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  • *Tensions with Russia start to bite into results.

  • FRANKFURT, Aug 8- Problems at Allianz's U.S. investment firm Pimco persisted in the second quarter as clients defected and efficiency declined, posing a challenge to Europe's largest insurer evem though it remains on track for a record group profit in 2014..

  • NEW YORK, Aug 7- Former hedge fund manager Samuel Israel, who faked his own suicide to avoid prison after running a $450 million fraud, on Thursday failed to persuade a judge to shorten his 22- year sentence or set him free because prison officials are unable to treat his worsening health.

  • TORONTO, Aug 7- Manulife Financial Corp unexpectedly hiked its dividend for the first time since the financial crisis on Thursday, as it reported quarterly profits that jumped on stronger financial markets but was just shy of analysts' expectations.

  • *GPIF to cut JGB weighting to around 40 pct- sources. TOKYO, Aug 7- Japan's public pension fund, the world's largest at around $1.24 trillion, plans to boost the weighting of domestic stocks to more than 20 percent from a current 12 percent target, two people with knowledge of the allocation review said on Thursday.

  • LONDON, Aug 7- The yen sagged against the dollar on Thursday, coming under pressure from news that Japan's public pension fund plans to increase its allocation to the domestic stock market. All eyes in Europe will be on the European Central Bank's monthly news conference, starting at 1230 GMT, but the action overnight was all about the yen and the Australian dollar.

  • Aug 6- Prudential Financial Inc, the second-largest U.S. life insurer, reported a better-than-expected quarterly profit, helped by higher asset management fees.

  • NEW YORK, Aug 6- Hedge funds, private equity funds and other alternative investments will command up to 40 percent of the asset management industry's global revenues by 2020 as investors seek them for safety and consistent returns, consulting firm McKinsey& Co said on Wednesday.

  • Aug 6- Apollo Global Management LLC said on Wednesday its second-quarter earnings fell 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose. Blackstone Group LP, KKR& Co LP and Carlyle Group LP all posted bumper profits for the quarter.

  • NEW YORK, Aug 6- Hedge funds, private equity funds and other alternative investments will command up to 40 percent of the asset management industry's global revenues by 2020 as investors seek them for safety and consistent returns, consulting firm McKinsey& Co said on Wednesday.

  • *HKEx shares up 35 pct in 2014 on Shanghai stock connection. HONG KONG, Aug 6- Hong Kong Exchanges& Clearing Ltd will raise fees on the London Metal Exchange from Jan. 1 2015, HKEx said on Wednesday, as it battles costs from its acquisition of the LME and absorbs the London exchange's rising legal expenses.

  • Aug 6- Apollo Global Management LLC said on Wednesday its second-quarter earnings declined 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose.

  • SAO PAULO, Aug 5- Profit at Grupo BTG Pactual SA surprisingly rose to the highest in over two years in the second quarter even after Latin America's largest independent investment-banking firm produced a mixed performance in some revenue and expense lines.

  • NEW YORK, Aug 5- Barclays Plc is entitled to about $6 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis, a federal appeals court ruled. Barclays won court approval to buy much of Lehman's brokerage business at a Sept. 19, 2008 hearing overseen by U.S.

  • BOSTON, Aug 5- Och-Ziff Capital Management Group LLC, one of a handful of publicly listed hedge fund firms, reported higher quarterly earnings on Tuesday as assets rose to a record amid fresh demand for portfolios investing in real estate, stocks and credit.

  • BOSTON, Aug 5- Hedge fund company Och-Ziff Capital Management Group LLC reported higher quarterly earnings on Tuesday as assets rose to record levels amid fresh demand for portfolios that invest in real estate, stocks and credit.

  • SAO PAULO, Aug 4- Itaú BBA hired former Citigroup Inc banker Francisco Salas to head its investment banking unit in Mexico, as the Brazilian wholesale and investment bank seeks to expand financial advisory services in Latin America's second-largest economy.

  • NEW YORK, Aug 4- The Pimco Total Return Fund, the world's largest bond fund, had net outflows of $830 million in July, marking its 15th straight month of outflows, according to Morningstar data on Monday. The fund, run by Bill Gross, has had about $65 billion in outflows since May 2013, the data showed.

  • Aug 4- Private equity firm Warburg Pincus LLC said on Monday it had agreed to invest up to $600 million in equity in Zenith Energy, a developer and operator of terminals that store and distribute petroleum, natural gas liquids and petrochemicals.

  • LONDON, Aug 4- As Europe's big investment banks and brokerages scale back their research efforts, particularly towards small and mid-sized companies, some hedge funds and other specialist players spy an opportunity.