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  • Dec 9- Canadian fund manager AGF Management Ltd said it would slash its quarterly dividend by 70 percent to 8 Canadian cents per share, the first cut in more than two decades, sending its shares down more than 20 percent to a more-than five-year low. AGF, one of Canada's largest independent fund managers, maintained its quarterly dividend of 27 Canadian cents per...

  • LONDON, Dec 9- Financial watchdogs are having to revise plans to regulate the world's biggest investment funds because original proposals would have made it more difficult for asset managers to invest in infrastructure projects that are key to reviving growth. David Wright, secretary general of the International Organization of Securities Commissions, an...

  • *Deutsche Bank retains its rankings in league tables. FRANKFURT, Dec 9- Deutsche Bank's determination to be the last European in the upper echelons of global investment banking is an expensive waiting game for investors. Germany's flagship lender is holding its ground against U.S. leaders such as JP Morgan and Goldman Sachs in revenues, but its returns are...

  • BlackRock Inc, the world's largest asset manager, and Manning& Napier are among the managers that use strategies such as shorting stocks and trading derivatives in their target-date funds. J.P. Morgan Asset Management and Voya Investment Management are considering adding similar strategies, executives told Reuters. About 41 percent of 401 plan...

  • BlackRock Inc, the world's largest asset manager, and Manning& Napier are among the managers that use strategies such as shorting stocks and trading derivatives in some 401 retirement plans, including target date funds. J.P. Morgan Asset Management and Voya Investment Management are considering adding similar strategies, executives told Reuters.

  • "The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great," said James Clark, a managing director at investment bank Harris Williams& Co.. The latest wave of investors includes Goldman Sachs Group Inc's private equity arm, which gave tens of millions of...

  • Nov 5- South African financial services advisory firm Alexander Forbes says it is considering potential buys in countries including Ghana and Tanzania. Oct 8- South African insurer Liberty Holdings says it is in final stages of buying an asset manager in Ghana and is also looking to Ethiopia, Rwanda and Nigeria for potential deals. Oct 2- South African insurer...

  • TORONTO, Dec 5- Ivanhoe Cambridge, the real estate arm of Canada's second-largest pension fund, is looking to re-enter the London office market as part of a broader plan to build up assets in 15 key cities, its top executive said. Ivanhoe, which is active in the London residential market but sold off its sole office asset in the city in August, intends to open a London...

  • National Bank of Canada's profit rises 3 pct Friday, 5 Dec 2014 | 7:34 AM ET

    Dec 5- National Bank of Canada, the country's sixth-largest lender, reported a 3 percent rise in fourth-quarter profit, helped by strong earnings from its wealth management and financial markets businesses. The Montreal- based bank's profit rose to C $330 million, or 91 Canadian cents per share, in the quarter ended Oct. 31 from C $320 million, or 90 Canadian cents, a...

  • JPMorgan continues run as top ranked investment bank Thursday, 4 Dec 2014 | 6:59 PM ET

    LONDON, Dec 5- U.S. bank JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date, new data showed on Friday. The only European bank to make the top three was Deutsche Bank, which shared third place with Citigroup and Bank of America Merrill Lynch.

  • BOSTON, Dec 4- Most hedge fund investors polled by Goldman Sachs plan to pull some cash from their current managers in the coming months, with the majority citing poor performance as the reason, according to results of a survey seen by Reuters. The vast majority of that cash, which could amount to more than $100 billion, would likely go to another hedge fund manager...

  • NEW YORK, Dec 4- U.S. Treasuries investors are focused on the wide difference in yields between European government bonds and higher-paying Treasuries, especially among long maturities, according to Dan Heckman, senior fixed income strategist, at U.S. Bank Wealth Management in Kansas City.

  • European shares near seven-year highs ahead of ECB Thursday, 4 Dec 2014 | 7:08 AM ET

    PARIS, Dec 4- European stocks rose on Thursday, with a benchmark index hovering near a seven-year high, helped by expectations the European Central Bank will embark on a sovereign bond-buying program in coming months to boost the economy. "The ECB will probably launch a quantitative easing program at some point," said Patrick Mange, head of emerging markets...

  • TORONTO, Dec 4- Canadian Imperial Bank of Commerce reported a weaker fourth-quarter profit on Thursday, hurt by the loss of some credit card revenue and softer results at its wholesale banking division. Canada's fifth-largest lender said its net income fell to C $811 million, or C $1.98 per share, in the quarter ended Oct. 31, from C $825 million, or C $2.02, a year...

  • SHANGHAI/ HONG KONG, Dec 4- Chinese brokerage Haitong Securities Ltd is in talks to buy Portuguese bank Banco Espirito Santo's investment banking unit as Chinese finance firms snap up more overseas assets to try to offset slowing growth at home. A purchase of the bailed-out Portuguese lender's unit would be Haitong's first acquisition outside China and Hong...

  • NEW YORK, Dec 4- Blackstone Group LP's No. 2 executive Tony James is considering taking a role outside the world's largest alternative asset manager, including seeking a top job in a future U.S. government, according to people familiar with his thinking. The move would be the biggest change in Blackstone's leadership since co-founder and Chief Executive Stephen...

  • SAO PAULO, Dec 3- Credit Suisse Group AG plans to open a hedge fund in Brazil called Gauss next year to offer new investment alternatives for clients, such as volatility arbitrage, executives said on Wednesday. The hedge fund, named after "the prince of mathematicians" Carl Gauss, will be managed by Fabio Okumura, former head of proprietary trading at Itaú Unibanco...

  • SAO PAULO, Dec 3- Credit Suisse Group AG plans to open a hedge fund in Brazil called Gauss next year to offer new investment alternatives for clients, such as volatility arbitrage, executives said on Wednesday. The hedge fund, named after "the prince of mathematicians" Carl Gauss, will be managed by Fabio Okumura, the former head of proprietary trading at Itaú...

  • TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakness at its capital markets arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share on a fully diluted basis, for the fourth-quarter ended Oct. 31,...

  • TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakeness at its capital markets arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share, for the fourth-quarter ended Oct. 31, compared with C $2.1...