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  • JPMorgan top China investment banker Fang to retire Monday, 24 Mar 2014 | 3:07 AM ET

    Frank Gong will become chairman of investment banking for China, while Brian Gu and Jing Zhao will become co-heads of investment banking for China, the memo said.

  • Pimco launches first closed-end fund in Canada Friday, 21 Mar 2014 | 1:40 PM ET

    March 21- Pacific Investment Management Co on Friday launched the Pimco Global Income Opportunities Fund, one of the largest closed-end funds to list on the Toronto Stock Exchange, according to a statement by the firm.

  • LIPPER AWARDS-The moving target of target-date funds Friday, 21 Mar 2014 | 12:01 AM ET

    NEW YORK, March 21- If there has been a grand-slam home run among investment products in recent years, it is the target-date retirement fund. Their popularity has proved eye-popping since they came into vogue, especially since 2006 when they were approved by Congress as default investment options in 401 plans.

  • March 20- Vermillion, the commodity arm of U.S. private equity group Carlyle Group LP, started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, people familiar with the matter said on Thursday.

  • March 20- Vermillion, the commodity arm of U.S. private equity group Carlyle Group LP, has started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, people familiar with the matter said on Thursday.

  • March 20- Private equity and asset management firm Apollo Global Management LLC said Marc Spilker would step down as president and member of the executive committee. Spilker, 49, graduated with degree in economics from the Wharton School of the University of Pennsylvania.

  • Apollo Global President Marc Spilker to step down Thursday, 20 Mar 2014 | 8:56 AM ET

    March 20- Private equity and asset management firm Apollo Global Management LLC said Marc Spilker will step down as president and member of the executive committee.

  • LONDON, March 20- Investment banks must take tough decisions to quit ailing business areas and should reduce their balance sheets by $1 trillion- or almost a tenth- to lift profitability, an industry report said.

  • HONG KONG, March 20- Even before Alibaba Group Holding Ltd kicks off its first underwriter meeting for its planned U.S. IPO, traders are pouncing on the deal, betting the valuation of the Chinese e-commerce giant may leap to around $250 billion by the debut, according to IG Group.

  • The calls are a routine part of how the SEC monitors asset managers through its Division of Investment Management, and are not related to any investigation.

  • The calls are a routine part of how the SEC monitors asset managers through its Division of Investment Management, and are not related to any investigation.

  • "I just named Joe Oliver Canada's new finance minister," Conservative Prime Minister Stephen Harper wrote on his official Twitter.

  • *Metals brokerage business to stay with JPMorgan, source says. NEW YORK, March 19- JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

  • OTTAWA, March 19- Joe Oliver, Canada's former energy minister and champion of the controversial Keystone XL pipeline, was appointed the country's new finance minister on Wednesday, signaling a stay-the-course approach to fiscal and economic policy.

  • European shares steady, focus on Fed policy meeting Wednesday, 19 Mar 2014 | 5:06 AM ET

    *Inditex gains, Smiths Group slips after updates. LONDON, March 19- European shares steadied on Wednesday, with focus shifting to the U.S. "It's still going to be a big announcement," Lorne Baring, managing director of B Capital Wealth Management, said.

  • New York topped London for the first time in a ranking of financial centers, according to the Global Financial Centres Index compiled by London- based consultancy Z/Yen, with Hong Kong, which lost out on the Alibaba IPO, in third place.

  • *Allianz forecasts asset management earnings to fall. FRANKFURT, March 14- Management turmoil at Allianz asset manager Pimco is unlikely to threaten the credit standing of Europe's largest insurer, credit rating agency Fitch said on Friday.

  • *Barclays has already announced 12,000 job cuts for group. March 13- Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said.

  • Carlyle, Louis Bacon to buy majority of Traxys Group Thursday, 13 Mar 2014 | 9:34 PM ET

    March 14- Traxys Group said that private equity firm Carlyle Group and affiliates of Louis M. Bacon and Traxys management had agreed to buy a majority stake in the Luxembourg commodity firm for an undisclosed sum.

  • March 13- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday. A spokesman for Barclays said there were no plans for any change in leadership in the investment bank.