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  • Feb 3- DuPont has interviewed activist investment firm Trian Fund Management LP's slate of directors, including its founder Nelson Peltz, according to people familiar with the matter, a step that could lead to a compromise with the chemical company over the composition of its board. Trian has put John Myers, Arthur Winkleblack, Robert Zatta and Peltz forward for...

  • Feb 3- Activist investor Mick McGuire said Tuesday Lear Corp's stock price could surge by nearly 50 percent if the auto supplier splits into two publicly traded companies, a proposal that Lear's management said it was considering. McGuire's $3- billion hedge fund Marcato Capital Management, which owns 4.6 percent of Lear's shares, proposed dividing the auto...

  • Feb 3- U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities and Exchange Commission said in a report. Cybersecurity is a growing concern for business, as highlighted by recent hacking incidents at Home Depot Inc, Sony...

  • NEW YORK, Feb 2- DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, whose co-founder Bill Gross was fired last year, on Monday reported a monthly record net inflow in January of $3.04 billion. The Los Angeles- based firm, whose co-founder Jeffrey Gundlach is Gross's fiercest rival in the bond market, said the previous strongest...

  • RIYADH/ KHOBAR, Saudi Arabia, Feb 2- Several of Saudi Arabia's largest listed companies said on Monday they would pay out hundreds of millions of dollars in bonuses, days after the new king ordered a handout to Saudi state employees to mark his accession. Saudi Arabia has sold minority stakes in big state firms and listed them on its bourse partly to expose them to...

  • ZURICH, Feb 2- Swiss bank Julius Baer plans to cut around 100 million Swiss francs of costs, including about 200 jobs, it said on Monday, blaming the recent surge in the Swiss currency. Private bank Julius Baer, which employs around 5,250 staff worldwide, said it aimed to cut both personnel and general costs. Zurich- based Baer said adjusted net profit in 2014 rose 22...

  • Wilmington, Del., Jan 30- Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy. A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share in 2012 to acquire Ancestry.com and rejected hedge fund claims the...

  • Wilmington, Del., Jan 30- A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share. The online family research company was sold to European private equity firm Permira Advisors in 2012. The private equity firm paid 40...

  • BOSTON, Jan 30- Hedge fund mogul William Ackman is ready to make a new bet, not on a stock this time but a startup hedge fund, Clearfield Capital Management. Ackman, who runs $18 billion Pershing Square Capital Management, told investors on Thursday he plans to make his biggest ever commitment to an outside hedge fund. Ackman and Hilal have known each other for more...

  • LONDON, Jan 30- The European Central Bank's quantitative easing programme may prove to be major central banks' last salvo in their post-crisis battle to revive growth, heal the financial system and kill off the threat of deflation. Germany's benchmark 10- year yield fell 140 basis points last year, Italy's 220 bps and Spain's 240 bps, all to record lows.

  • BEIJING, Jan 30- China's securities regulator said on Friday it will punish five fund management companies for faulty internal controls that led to insider trading, another move in a Beijing's widening crackdown on Chinese brokerages and fund managers. The China Securities Regulatory Commission named only two of the five: China Asset Management Co Ltd and...

  • Jan 29- The former controller of Contrarian Capital Management LLC pleaded guilty on Thursday to one count of wire fraud stemming from his embezzlement of more than $9 million from the Connecticut hedge fund, federal prosecutors said. Lawrence Herzing, 45, of Greenwich, Connecticut, entered his plea before U.S. District Judge Jeffrey Alker Meyer in Bridgeport,...

  • MELBOURNE/ NEW YORK, Jan 29- Macquarie Group Ltd is in talks to buy Jefferies Group LLC's commodities and financial derivatives brokerage, three sources said, as the Australian bank continues to expand its commodities business while rivals retreat. News of the talks come just a month after the U.S. investment bank, owned by Leucadia National Corp, said it was...

  • *Q4 ENI of $1.25 per share vs Street view of 92 cents. Jan 29- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday it had reduced its exposure to oil prices and was eyeing new opportunities in the energy sector as it reported a 6 percent decline in fourth-quarter profit. Blackstone shares were flat in afternoon trading in New York at...

  • Fed could wait until September to lift rates -BlackRock Thursday, 29 Jan 2015 | 10:47 AM ET

    NEW YORK, Jan 29- The U.S. "Using words such as solid growth and strong employment gains would allow the Fed to continue down previously telegraphed mid-year lift-off, but recognizing the near-term softness in inflation, combined with referencing international conditions, provides the central bank with the ability to wait until September to begin the...

  • Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 10:13 AM ET

    Blackstone reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.

  • UPDATE 1-Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 8:43 AM ET

    Jan 29- Blackstone Group LP, the world's largest alternative asset manager, reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago. Economic net income, a metric of profitability that takes into account the mark-to-market valuation of its portfolio, fell to $1.45 billion in the...

  • TOKYO, Jan 29- Nomura Holdings Inc reported a 45 percent rise in third-quarter net profits on Thursday, the biggest jump in its quarterly profits in a year, thanks to a strong performance by its retail equity business. Nomura, Japan's largest investment bank and brokerage, has benefited along with nearest rival Daiwa Securities Group Inc from a renewed appetite...

  • *Q3 profit Y70 bln yen vs Y39.5 bln analyst view. TOKYO, Jan 29- Nomura Holdings Inc reported a near 50 percent jump in third-quarter net profit on Thursday, as weakness in overseas bond-trading was offset by strength in the retail business of Japan's biggest investment bank and brokerage. Profit reached 70 billion yen in October-December versus the 39.5 billion...

  • HONG KONG, Jan 29- China's efforts to raise the global status of its currency are paying dividends, with the yuan breaking into the top five world payment currencies for the first time and offshore trading volumes catching up with those onshore. "Daily trading volume in CNH spot, forward and swap markets have already reached $30 billion, among which $10 billion is...