NEW YORK, April 18- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.» Read More
BOSTON, April 10- Fidelity Investments said on Thursday it is exploring the creation of a new trading venue with other asset managers, as U.S. regulators investigate the controversial practice of high-frequency trading.
April 10- Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspaper.
NEW YORK, April 9- U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
NEW YORK, April 8- A U.S. judge on Tuesday raised a series of questions about a proposed $1.2 billion insider trading accord with billionaire Steven Cohen's investment firm, formerly known as SAC Capital Advisors, in advance of its sentencing on Thursday.
Noting the rocketing growth of the global asset management industry, which is on track to more than quadruple in size by 2050 to $400 trillion, Bank of England executive director for financial stability Andy Haldane argued that funds may require closer and tighter supervision by regulators.
BOSTON, April 8- Hedge fund Coatue Management plans to return as much as 35 percent of its assets to investors this summer after its $7 billion flagship ballooned in size.
*Nikkei falls to 1 1/ 2- week low ahead of BOJ policy announcement. *Exporters another loser as yen rebounds, Honda down 2.7 pct. TOKYO, April 8- Japanese shares dropped on Tuesday after a sudden tumble in U.S. tech stocks turned investors against risk, and as the Bank of Japan is expected to offer no new stimulus at its policy announcement later in the day.
SAO PAULO, April 7- New York- based investment bank Greenhill& Co Inc on Monday said it hired former Goldman Sachs Group Inc dealmaker Rafael Pereira, expanding its mergers and acquisitions unit in Brazil. Prior to Goldman, where he covered the insurance, financial services, healthcare and technology sectors, Pereira was a banker at Credit Suisse Group AG.
BOSTON, April 7- Hedge fund manager John Paulson's returns dipped in March, hurt in part by losses in the gold market, two people familiar with the numbers told Reuters on Monday. The Paulson Advantage Plus Fund dipped 7.4 percent last month, cutting its year-to-date gains to 2.6 percent.
BOSTON, April 7- Harvard University said on Monday it adopted a set of environmental and social investing principles backed by the United Nations for its huge endowment fund, a move that could add pressure on companies in its portfolio to make more disclosures on areas like carbon emissions.
SPRINGFIELD, Ill.— A leading credit rating agency called legislation to overhaul to Chicago's pension funds a "positive development," but said it won't solve all the city's problems— especially if assumptions for annual investment returns fall short.
The SEC regularly examines a wide range of financial institutions including brokerages and clearing houses to ensure compliance with federal securities laws. The SEC already has examiners who specialize in funds, but historically the agency has focused on public asset managers such as mutual funds that have been highly regulated since 1940..
NEW YORK, April 6- BlackRock Inc, the world's largest money manager, is reorganizing its senior management, shifting at least 10 senior executives into new or different roles, according to an internal memo seen by Reuters on Sunday.
Familiar names such as Netflix, Facebook and Tesla Motors, along with a number of biotechnology and cloud-computing stocks, have been pummeled in the last month. Facebook Inc, for example, has fallen nearly 22 percent from an intraday record reached less than a month ago.
Seni Adetu MD Guinness Nigeria Manu Chairman Comcraft Group. Mustafa CEO Asset Management Chike-Obi Corporation of Nigeria Bob CEO Safaricom Collymore Telecommunications Sani Vice President Dangote Flour Mills. Margaret CEO Rest of Africa Sanlam Emerging Markets.
BOSTON, April 4- Hedge fund manager Daniel Loeb on Friday urged Sotheby's investors to support his board slate, arguing he and his fellow nominees would be better able to reinvigorate the auction house from within after years of poor governance.
TOKYO, April 4- Japan's $1.26 trillion public pension fund said on Friday it has selected 14 new active managers to supervise its domestic equities investment and added more benchmarks to its strategy.
*NYSE stock positions using leverage hit record high. LONDON/ PARIS, April 4- Hedge funds are borrowing record amounts of money to fund bets that stock markets will continue rising, creating conditions that could accelerate price falls if those leveraged positions are hurriedly closed.
*Portugal leads periphery rally after QE talk. "This is the beginning of the end of the sovereign debt crisis for Greece," said Jason Manolopoulos, managing partner at Dromeus Capital, an asset manager which holds Greek bonds. Greece hired a group of banks to manage the sale of a 2 billion euro five-year bond on Thursday, Thomson Reuters market service IFR reported.
*Haldane says funds can pose risks because of size, activities. LONDON, April 4- A top Bank of England official put the world's $87 trillion asset-management industry on alert on Friday, saying it posed some of the same "too big to fail" risks that are being tackled by reforms at major banks.