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  • LONDON, Nov 17- Hedge funds have been badly wrong-footed by the slide in oil prices over the past five months, and by trying to turn their positions around have accelerated the rout. By the middle of June, hedge funds had a net long position in WTI-linked futures and options contracts equivalent to almost 413 million barrels of crude oil, according to the U.S....

  • BOSTON, Nov 14- Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller Diamondback Energy by 20 percent to own 1.4 million shares...

  • NEW YORK, Nov 14- Hedge funds scooped up shares of China's Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the biggest U.S. investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Soros Fund Management, the hedge fund...

  • NEW YORK, Nov 14- Hedge funds scooped up shares of Chinese company Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the country's biggest investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Jana Partners, the $11...

  • PARIS, Nov 14- The French economy eked out 0.3 percent growth in the third quarter, the highest reading in over a year but not enough to lift the euro zone's second-largest economy out of its gloom nor fight rampant unemployment. We won't have a robust and lasting growth with that, "Natixis Asset Management chief economist Philippe Waechter said.

  • Third Point steps up pressure on Dow Chemical Thursday, 13 Nov 2014 | 7:29 PM ET

    Hedge fund Third Point is considering launching a proxy contest at Dow Chemical after negotiations over board seats broke down on Thursday.

  • BOSTON, Nov 13- Hedge fund Third Point is considering launching a proxy contest at Dow Chemical Co after negotiations over board seats with the largest U.S. chemical company broke down on Thursday, two sources familiar with the talks said. Third Point, one of Dow's biggest investors with a 2 percent stake, had been talking to the company for months and was told last...

  • Hedge funds poised to pile into China via 'connect' Thursday, 13 Nov 2014 | 6:20 PM ET

    When the landmark Hong Kong-Shanghai equity link debuts on Monday, hedge funds are expected to plunge into mainland shares.

  • NEW YORK, Nov 13- Morgan Stanley, the world's largest brokerage firm, fired the first shot in Wall Street's pay formula wars by telling brokers more of their pay will be deferred in 2015 than in the past. Brokers who produce $1.1 million to $1.65 million of revenue, slightly above average, will have 10 percent of their bonus deferred, the source said.

  • HONG KONG, Nov 14- When the landmark Hong Kong- Shanghai equity link debuts on Monday, a class of investors that China has kept at arm's length until now- hedge funds- are expected to plunge into mainland shares. Beijing aims to control inflows and volatility hikes by imposing a daily quota of 13 billion yuan plus restrictions on short selling. "The Chinese government...

  • A tit for tat round of sanctions between the United States and Europe and Moscow over Russia's involvement in eastern Ukraine has seen capital raising by Russian companies forced to a virtual halt. But now sanctions prohibit Western investment banks from helping Russian companies deemed to be complicit in the Kremlin's Ukraine policy to raise capital and...

  • TABLE-Investment banking fees from Russia Thursday, 13 Nov 2014 | 2:14 PM ET

    LONDON, Nov 13- Investment banking fees from Russia have collapsed for Western banks in 2014 but fees from emerging markets as a whole are up 10 percent versus full-year 2013, ThomsonReuters data shows. For an article click Following is a table on fees earned by banks from Russian debt and equity capital markets, loans and merger& acquisitions this year and in...

  • BOSTON, Nov 13- Hedge fund Marcato Capital Management has bought a 1.6 percent stake in the Bank of New York Mellon, becoming the second prominent activist investor in recent months to disclose a position in the world's largest custody bank, according to a regulatory filing. San Francisco- based Marcato's stake is valued at $688 million, making it the biggest...

  • ACTIVIST HEDGE FUND MARCATO CAPITAL MANAGEMENT TAKES STAKE IN BANK OF NEW YORK MELLON- REGULATORY FILING.

  • Manulife, Canada's largest insurer, earns the bulk of its profit in North America but also has a fast-growing Asian unit. Insurance sales fell 19 percent in the United States, where Manulife owns John Hancock, and slumped 23 percent in Canada. Toronto- based Manulife said insurance sales rose 46 percent in Asia, while wealth management sales surged 74 percent.

  • But a series of failed deals, including the collapse of a $55 billion tie-up between UK drugmaker Shire and U.S. peer AbbVie, has led to losses for some of the world's biggest proponents of the strategy, with investors pulling out $3.3 billion in the last two months alone. "The AbbVie/ Shire break, in particular, has led to a far reaching de-risking exercise for many...

  • Nov 13- Canada's Manulife Financial Corp reported a third-quarter core profit that narrowly missed analysts' expectations, as insurance and wealth management sales declined in Canada and the United States. While North America is the main drivers of the company's profit, Manulife has targeted Asia as a key growth area and reported strong sales in countries...

  • *Expects to raise $7 bln- $8.5 bln from asset sales by mid-2016. Nov 12- Dow Chemical Co raised its asset sale target by as much as 42 percent to $8.5 billion and increased its share buyback plan by $5 billion, as it looks to thwart hedge fund manager Daniel Loeb's push to split the company. Shares of Dow Chemical, which also raised its quarterly dividend to 42 cents per...

  • Nov 12- Dow Chemical Co, the No. 1 U.S. chemical maker by sales, increased its dividend and said it would buy back shares worth $5 billion, more than doubling its share repurchase program. Dow, which is being pushed by hedge fund manager Daniel Loeb to split up, said it would complete its previous $4.5 billion share repurchase program by the end of the year.

  • LONDON, Nov 11- Asia- focused bank Standard Chartered plans to cut up to 100 retail branches in 2015, or 8 percent of its network, to help save $400 million a year to improve profitability. Ten years of record earnings for Standard Chartered came to an abrupt halt in summer 2012 when it had to pay $667 million for violating U.S. sanctions on Iran. Standard Chartered...