NEW YORK, April 18- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.» Read More
WASHINGTON, Nov 21- A former Marvell Technology Group Ltd employee will pay $60,000 to settle civil charges that he offered non-public tips to a hedge fund manager with ties to Galleon Group, U.S. regulators said Thursday.
*Cinda to offer shares in HK $3.00 to HK $3.58 range. HONG KONG, Nov 21- China Cinda Asset Management Corp, one of the country's four bad loan managers, plans to raise as much as $2.5 billion in its Hong Kong initial public offering, IFR reported on Thursday, citing sources familiar with the deal.
TOKYO, Nov 21- Japan's Nikkei share average soared 1.9 percent to six-month highs on Thursday, galvanized by a jump in foreign buying and plans by a major government fund to invest more of its $2 trillion funds in riskier assets. The Nikkei added 289.52 points to 15,365.60, also helped by a weaker yen spurring exporters higher.
TOKYO, Nov 21- Japan's Nikkei share average soared 2.0 percent to six-month highs on Thursday morning, spurred by a jump in foreign buying and plans by a major government fund to invest more of its $2 trillion funds in riskier assets.
The founder of hedge fund consulting firm SFC Associates and author of numerous books on investing was arrested in his Manhattan apartment in July of last year after police, acting on a search warrant, found numerous illegal videos and images on his computer, the New York City police department said.
*CIMB advising Warrnambool, target in a three-way global takeover battle. *CIMB ranks second in Australian ECM this quarter- Thomson Reuters data. SYDNEY, Nov 21- An advisory role in one of Australia's most contested takeover deals this year has thrown a spotlight on an unexpected debutant in local investment banking circles- Malaysia's CIMB Group Holdings Bhd.
TOKYO, Nov 20- The world's biggest pension fund is preparing its most ambitious overhaul since its creation more than a decade ago, a process that will eventually see more of Japan's $2 trillion in public funds invested in stocks and other riskier assets and relatively less parked in government bonds.
TOKYO, Nov 20- The world's biggest pension fund is preparing its most ambitious overhaul since its creation more than a decade ago, a process that will eventually see more of Japan's $2 trillion in public funds invested in stocks and other riskier assets and relatively less cash parked in government bonds.
*Fed Chairman Ben Bernanke addresses Economic Club in evening. NEW YORK, Nov 19- U.S.
"In an attempt to create a solution for a decade-old standoff, exchange bondholders have held several meetings over the last couple of weeks and are forming an ad hoc group and a steering committee to formalize a proposal for a global resolution, end litigation and avoid a default by Argentina," Robert Koenigsberger, managing partner and chief investment officer at Gramercy Funds Management, said in an emailed statement.
NEW YORK, Nov 18- Thousands of victims of Bernard Madoff's fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. It is being held in a Madoff Victim Fund and overseen by special master Richard Breeden, a former U.S.
*France falling behind southern European countries. Money managers from firms which collectively steer assets of about $1.25 trillion told the Reuters Global Investment Outlook Summit in London that economic and political stasis in the euro zone's second biggest economy was hard to price and trade but held significant threats to the bloc nonetheless.
NEW YORK, Nov 18- J.C. Penney Co has a fan in hedge fund manager Marc Lasry, who says the struggling retailer is likely to survive after an ambitious reinvention failed, its stock price tumbled and its biggest investor exited.
*Sony shares rally on PlayStation sales, pressure Microsoft. "It could be these numbers cause us to stutter a little bit here," said John Manley, chief equity strategist at Wells Fargo Funds Management in New York.
LONDON, Nov 15- Global stocks may be running out of room to rally further after a bumper year as the fragile economic recovery and the prospect of a cut in the Federal Reserve's bond buying discourage big investors.
CHICAGO, Nov 15- Trading in options of Twitter Inc was dominated by put volume with a mixture of selling, hedging and speculative activity in an overall orderly debut on the U.S. options market, a week after the social media company's stock started trading.
NEW YORK, Nov 15- Global equity markets rose on Friday after President Obama' s choice to lead the Federal Reserve signaled the U.S. central bank's monetary stimulus would stay in place for some time, while the dollar rose to a two-month high against the yen.
Nov 15- Activist investor Bill Ackman's Pershing Square hedge fund has invested half a billion dollars to acquire stakes of nearly 10 percent each in Freddie Mac and Fannie Mae, the latest big investor this week to buy into the mortgage finance companies.
NEW YORK, Nov 15- Global equity markets rose on Friday after President Obama' s choice to lead the Federal Reserve signaled the U.S. central bank's stimulative monetary policy would stay in place for some time, while the dollar rose to a two-month high against the yen.
*J.C. Penney, FedEx gain on hedge fund stakes. Federal Reserve Chair nominee Janet Yellen told a Senate Committee that the central bank's economic stimulus would continue and several key important investors disclosed stakes in companies like J.C. Penney and Exxon Mobil.