The new additions, who joined Deutsche Asset& Wealth Management from BlackRock Inc and TS Capital LLC, are part of a broader expansion effort as Deutsche looks to build out its ETP footprint in the United States. He was formerly a director for BlackRock's iShares sales and distribution strategy team and has spent nearly 15 years covering exchange-traded funds.» Read More
LONDON, Feb 11- Brevan Howard, one of the world's biggest hedge fund managers, is to shut its $2.3 billion emerging markets portfolio after a bout of poor performance, a source familiar with the matter told Reuters on Tuesday.
*7,000 jobs will go in Britain. LONDON, Feb 11- Barclays Plc expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year.
SAO PAULO, Feb 10- New York- based investment bank Greenhill& Co Inc has hired former Goldman Sachs Group Inc dealmaker Rodrigo Mello as it expands its mergers and acquisitions unit in Brazil.
SAO PAULO, Feb 10- New York- based investment bank Greenhill& Co Inc has hired former Goldman Sachs Group Inc dealmaker Rodrigo Mello as it expands its mergers and acquisitions operation in Brazil.
LONDON, Feb 10- Barclays said earnings dropped by a quarter to 5.2 billion pounds last year from the year before, missing analysts' forecasts and raising expectations the bank will step up cost cutting as investment bank earnings wane. A preview in the Financial Times newspaper had included numbers close to the figures released by Barclays.
Andrew Economos, Head of Sovereign & Institutional Strategy at JP Morgan Asset Management, explains why you should put your cash in developed markets, particularly in the U.S.
NEW YORK, Feb 7- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, urged a U.S. judge on Friday to dismiss insider trading charges leveled against him last year. A grand jury subsequently indicted Rengan Rajaratnam, a former portfolio manager at Galleon, in March 2013 on seven counts of conspiracy and securities fraud.
*Apple leads market higher on buyback boost. *Online travel agencies' shares jump after Expedia results. NEW YORK, Feb 7- U.S. stocks climbed on Friday, setting the S&P 500 on track for its first weekly gain in four as a weak reading on the labor market was partly blamed on the weather and traders focused on expectations of further economic strength.
*January payrolls disappoint, December revised up slightly. NEW YORK, Feb 7- U.S. stocks edged up on Friday as a weak reading on the labor market was partly blamed on the weather and initial disappointment was replaced with expectations of further economic strength.
NEW YORK, Feb 7- Apollo Global Management LLC reported a 37 percent drop in fourth-quarter profit per share on Friday, failing to match its carried interest income from a year ago, yet the result beat most analysts' expectations on stronger fund values.
ZURICH, Feb 7- The sharp sell-off in emerging markets has hit growth in Vontobel's asset management business, causing the Swiss bank to miss annual profit expectations and making its targets for this year a stretch, it said on Friday.
NEW YORK, Feb 7- Apollo Global Management LLC reported a 37 percent drop in fourth-quarter profit per share on Friday despite a big rise in the value of its private equity funds, as it failed to match the carried interest income from a year ago. Economic net income after taxes totaled $1.06 per share, compared with $1.69 a year earlier.
NEW YORK, Feb 6- Famed oil bull Andy Hall's hedge fund appeared to suffer notable investor redemptions in January after an 8 percent decline last year, according to a note to investors, a revelation that may add to the debate around a mystifying slump in long-term U.S. crude prices.
Feb 6- BATS Global Markets Inc said Financial Industry Regulatory Authority, the self-regulatory arm of the brokerage industry, will provide cross-market surveillance services to BATS' four stock exchanges. Following the agreement with BATS, FINRA will now conduct surveillance across 99 percent of the market for U.S. listed equities.
BOSTON, Feb 6- Och-Ziff Capital Management Group LLC on Thursday reported a sharply higher quarterly profit that beat Wall Street analysts' forecasts after stronger returns at its hedge fund portfolios boosted the company's incentive fee income.
NEW YORK, Feb 5- Arabica coffee rose 5 percent on Wednesday, reinforcing its position as the year's best-performing commodity, while natural gas tumbled more than 6 percent as investors took profits on the previous session's rally.
NEW YORK, Feb 5- Jennifer Fan, a hedge fund manager specializing in finding relative value in energy and agriculture markets, has joined Millennium Management to continue that strategy after closing her own commodities fund last year, sources said on Wednesday.
Feb 5- Investment bank and asset manager Lazard Ltd reported a better-than-expected 35 percent rise in fourth-quarter profit as merger advisory revenue rose in a recovering M&A market. Lazard's financial advisory revenue increased 2 percent from the same quarter last year to $315 million, driven by an 8 percent increase in M&A and other advisory fees.
DUBAI, Feb 5- Lazard Asset Management said it would expand its Middle East operations by hiring the former regional asset management team of ING Group NV, which resigned from the Dutch firm in Dubai earlier this week.
As economic growth slows in emerging markets, there are fears that capital outflows could be the first signs of a credit crunch.