Capital Markets


  • HONG KONG, Nov 8- China Cinda Asset Management Corp, one of four companies set up in the late 1990 s to manage the country's bad loans, received approval from the listing committee of the Hong Kong stock exchange to go public in the city, a source with direct knowledge said on Friday, clearing the way for its up to $2 billion deal.

  • Nov 7- The White House said on Thursday that it has nominated a senior investment banking executive at Bank of America Corp to a high-level position at the Commerce Department. Selig first joined Bank of America in 1999..

  • LONDON, Nov 7- The body that reviews British law has sought to remove all doubt that investors can target more-sustainable companies, but is less clear-cut over an environmental campaign against fossil fuel investment. In a significant step last month, Britain's Law Commission proposed to clarify how fiduciary duty should apply to asset managers.

  • BOSTON, Nov 6- Mutual funds run by T. Rowe Price Group Inc and Morgan Stanley are poised to send one sweet tweet. Their seed investments have led to success stories like the gains reaped by Fidelity Investments on Facebook shares acquired before the social network's went public last year.

  • NEW YORK, Nov 6- Prices for U.S. With Fed Vice Chair Janet Yellen preparing to step into the shoes of current chairman Ben Bernanke early next year, the market has been searching for hints about how Yellen might enforce the central bank's dual mandate of controlling both inflation and unemployment.

  • Nov 6- The Financial Industry Regulatory Authority has fined a unit of TD Ameritrade Holding Corp, the biggest U.S. discount broker, $1.15 million for failing to report options positions and related supervisory deficiencies. Canada's Toronto-Dominion Bank is TD Ameritrade's biggest shareholder with a 42 percent stake.

  • Nov 6- Total global commodity assets under management fell $10 billion to $343 billion in September from August, Barclays Capital said in a research note on Wednesday. Price declines offset a small net inflow of assets in September, Barclays said. AUM fell across all sectors and precious metals recorded the largest drop, $7 billion.

  • Nov 6- Carlyle Group LP on Wednesday posted an 11 percent drop in third-quarter profit as it generated less cash from asset sales for its shareholders than it has done in any other quarter as a publicly listed alternative asset manager.

  • Carlyle's Q3 profit falls 11 pct on fewer asset sales Wednesday, 6 Nov 2013 | 7:41 AM ET

    Nov 6- Carlyle Group LP on Wednesday posted an 11 percent drop in third-quarter profit, as it generated less cash from asset sales than it has done at any other quarter as a publicly listed alternative asset manager.

  • BOSTON, Nov 5- Hedge fund manager Daniel Loeb told investors that his Third Point Offshore Fund had returned 19.4 percent this year, ranking it among the industry's best performers.

  • CFTC files fraud lawsuit against AlphaMetrix Monday, 4 Nov 2013 | 6:04 PM ET

    Nov 4- The U.S. Commodity Futures Trading Commission sued AlphaMetrix LLC on Monday, accusing the liquidating Chicago- based firm of misappropriating at least $2.8 million and issuing false or misleading account statements to conceal fraud.

  • LONDON, Nov 4- U.S. hedge fund Aurelius Capital Management, which will take a stake in Co-op Bank under a rescue plan for the British mutual lender, is also protagonist in a lengthy and bitter court battle over Argentina's debt default.

  • NEW YORK, Nov 4- Billionaire investor Steven A. Cohen's days as a hedge fund manager may be over with his SAC Capital Advisors agreeing to plead guilty to insider trading charges and pay a record $1.8 billion in fines and forfeitures.

  • Nov 4- Vanguard Group, the No. 1 U.S. mutual fund company, said on Monday that Gregory Davis, a major force behind the launch of bond exchange-traded funds, will become the chief of its fixed-income group, which has $750 billion in assets. Davis is currently Vanguard's chief investment officer in the Asia Pacific region and director of investments in Australia.

  • LONDON, Nov 4- Five years after the global financial crisis was sparked by a burst U.S. housing market bubble, real estate is booming again and even considered a safe-haven investment.

  • Nov 4- BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday. Shares of BlackBerry dropped 19 percent to $6.33 in premarket trading.

  • *Politics degrade policy-making across Middle East. DUBAI, Nov 3- Foreign money is flowing into the parts of the Middle East which need it least as the Gulf becomes a major destination for global portfolio investors and political instability deters investment elsewhere in the region.

  • TORONTO, Nov 1- U.S. hedge fund Silver Point Capital LP has bought a 19 percent stake in Canadian newspaper company Postmedia Network Canada Corp, a regulatory filing showed. Postmedia operates Canada's largest chain of newspapers, including the flagship National Post, the Montreal Gazette, Ottawa Citizen and Vancouver Sun.

  • NEW YORK/ LONDON, Nov 1- Gold fell about 1 percent on Friday, posting its biggest weekly loss in seven weeks, as renewed anxiety about the U.S. Richmond Fed President Jeffrey Lacker said on Friday that the U.S. labor market has recovered enough in the last 14 months to allow the central bank to reduce its bond-buying stimulus.

  • TORONTO, Nov 1- A massive public share offering from Barrick Gold Corp has met with sluggish demand, market sources said on Friday, with the shares of the world's biggest gold producer falling below the offer price.

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