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The letter from pension consulting firm Russell Investments said Blackstone submitted its redemption notice to SAC Capital sometime before May 15 because of ongoing concerns about the insider trading investigation that continues to engulf Cohen's fund.
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NEW YORK, Feb 22- A judge handed outspoken hedge fund manager David Einhorn a victory in his court battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
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TOKYO, Feb 22- Japan government bonds rose on Friday, with the benchmark yield dropping to a four-week low in line with firmer U.S. "The Bank of Japan will ease further, and the Fed will keep its easy policy for the time being, and this is supportive for bonds," said a fixed-income fund manager at a European asset management firm in Tokyo.
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Feb 22- After several lackluster years, the $5- trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.
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Feb 21- Star hedge fund manager David Einhorn has a new product that he wants Apple Inc. to offer: the iPref.
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NEW YORK, Feb 21- Charles Schwab Corp. can ban its clients from bringing class-action lawsuits, a securities industry regulatory panel ruled Thursday in a sweeping decision that may be adopted broadly by U.S. brokerage firms.
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*Pretax distributable earnings down 24 pct to $188 mln. Feb 21- Carlyle Group LP, an asset manager, said on Thursday fourth-quarter earnings fell 28 percent after its private equity funds made less money from selling companies and its performance fee income fell.
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*James Tagliaferri, 73, faces criminal, SEC civil charges. The 15- count criminal indictment accused James Tagliaferri, 73, of investing more than $120 million of funds he oversaw at TAG Virgin Islands LLC in St. Thomas in private or illiquid companies, in exchange for at least $3.35 million in fees.
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Feb 21- Carlyle Group LP said on Thursday fourth-quarter earnings fell 28 percent as the alternative asset manager failed to match the previous year's sales of assets and relied more on company dividends to return money to its fund investors. The stock had been up 41 percent since the start of the year, compared with a 5 percent rise in the Nasdaq Composite Index.
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NEW YORK, Feb 21- American International Group has replaced Apple Inc as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings.
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Carlyle's private equity arm, which accounted for about a third of its assets but about two-thirds of its profits, was mostly responsible for the earnings drop, bucking a trend among peers Blackstone Group LP, KKR& Co LP and Apollo Global Management LLC.
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Feb 21- Carlyle Group LP said on Thursday fourth-quarter earnings were down 28 percent as the private equity firm failed to beat last year's performance of exiting investments and relied more on company dividends to return money to investors.
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NEW YORK, Feb 21- A long-awaited showdown in a U.S. appeals court next week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.
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SAN FRANCISCO, Feb 20- Hedge fund manager David Einhorn, who is battling Apple Inc in court as part of a wider effort to get the iPhone-maker to share more of its cash pile, will now make a direct appeal to the company's shareholders.
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SAN FRANCISCO, Feb 20- Hedge fund manager David Einhorn, who is battling Apple Inc in court as part of a wider effort to get iPhone-maker to share more of its cash pile, will now make a direct appeal to the company's shareholders.
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SYDNEY, Feb 21- The U.S. dollar held firm on Thursday, having enjoyed its biggest one-day gain in seven months against a currency basket as commodities and U.S. equities slid on rumours of a hedge fund in trouble.
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*U.S. to sell $9 billion 30- year TIPS Thursday. NEW YORK, Feb 20- U.S. Generally, these are more hawkish than the market had expected and show a waning commitment to the QE program, "said David Keeble, global head of interest rate strategy in Credit Agricole Corporate& Investment Bank in New York.
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*Talk of hedge fund liquidation hits markets. NEW YORK, Feb 20- Gold tumbled 2.5 percent on Wednesday to its lowest price since July after minutes of the Federal Reserve's meeting last month showed the U.S. central bank may have to slow or stop buying assets before a pick-up in the job market.
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Feb 20- Herbalife Ltd said it will more clearly identify different types of customers, responding to criticism from investors including hedge fund manager William Ackman, and added it has held "short" discussions with billionaire investor Carl Icahn.
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NEW YORK, Feb 20- Gold tumbled nearly 3 percent on Wednesday to its lowest since July after minutes of the Federal Reserve's meeting last month showed it may have to slow or stop buying assets before a pick-up in the job market.
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NEW YORK, Feb 20- U.S. Generally, these are more hawkish than the market had expected and show a waning commitment to the QE program, "said David Keeble, global head of interest rate strategy in Credit Agricole Corporate& Investment Bank in New York.