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  • 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.

  • Europe's investment banks resilient in retreat Friday, 1 Aug 2014 | 7:02 AM ET

    LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.

  • WASHINGTON, July 31- The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. FSOC said it had agreed in its closed-door meeting not to rescind the designations of two other non-banks, American International Group and GE Capital.

  • WASHINGTON, July 31- A U.S. regulatory panel tasked with policing the biggest risks to the financial system said on Thursday it plans to launch a "more focused analysis" of the asset management industry.

  • TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.

  • NEW YORK, July 31- The Pimco Total Return Fund, the world's largest bond fund, run by Bill Gross, is ending the month on a rough note, lagging 89 percent of its peers so far in July. Gross' successor, Mohamed El-Erian, resigned earlier this year, and the Pimco Total Return fund has had over $64 billion of net outflows since May 2013.