BOSTON, Dec 11- Capital gains pain has arrived for U.S. mutual fund investors. Fidelity's $16 billion Magellan Fund, for example, plans to distribute capital gains of $5.52 a share in 2013. That is up from just 2 cents a share in 2012, according to fund disclosures.» Read More
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.
NEW YORK, July 26- Hedge funds took huge positive bets on U.S. crude oil this week just before the market turned south but they had better luck going long on gold as the precious metal rallied, trade data and price charts showed on Friday.
NEW YORK, July 26- JP Morgan Chase& Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of oil tankers, coffee beans and metals comes under intense political and regulatory pressure.
*Q2 dividend 42 cents per share vs 13 cents per share last year. NEW YORK, July 26- KKR& Co LP said on Friday that its second-quarter earnings declined by 74 percent as a lower appreciation in its private equity funds overshadowed a quadrupling in the cash it received from the profits its funds generated.
July 25- Bloomberg LP is canceling its new wealth management service, BloombergBlack, before it hits the market. For $100 a month, the service was expected to cater to individuals looking to track their investment portfolios- including mutual fund holdings, 401 K retirement plans and college savings plans. Thomson Reuters is a competitor of Bloomberg LP.
NEW YORK, July 25- Federal prosecutors came down hard on billionaire hedge fund manager Steven A. Cohen on Thursday, unveiling criminal fraud charges against his SAC Capital Advisors LP that could put an end to his investment career. Cohen, 57, was not personally charged in either the criminal case or the civil case filed in U.S. District Court in New York.
NEW YORK, July 25- Federal prosecutors on Thursday unveiled criminal fraud charges against billionaire Steven A. Cohen's SAC Capital Advisors LP, capping a nearly seven-year probe into one of Wall Street's most renowned firms. The indictment accused SAC and various affiliates of four counts of securities fraud and one count of wire fraud.
*China stocks fall despite Beijing's economic reforms. NEW YORK, July 25- Wall Street was headed for a lower open on Thursday, setting up the S&P 500 index for a third day of declines, as mixed earnings and concerns about China's economic slowdown weighed on investor sentiment. Results from General Motors and Dow Chemical were generally positive on Thursday.
July 25- Legg Mason Inc Chief Executive Joseph Sullivan said the Baltimore asset manager has sold its Private Capital Management equity investment unit to its management team.
*Asia gold funds see quarterly inflows vs $18 bln outflows in western peers. *Paper gold catching up in Asia, where physical metal rules. *India's SBI gold ETF, Japan's Nomura futures fund see qtrly inflows.
*Caterpillar, AT&T hit Dow, Boeing falls after lifetime high. *Facebook, Baidu fly in after-hours trading on results. Caterpillar and AT&T dragged on the Dow following weak results.