Sept 26- New York- based Paulson& Co, led by longtime gold bull John Paulson, called on Tuesday for the world's biggest investors in gold-mining stocks to form a coalition to tackle miners' "dreadful" performance. Speaking at the Denver Gold Forum, the industry's top annual event, Paulson& Co partner Marcelo Kim launched the blistering attack on the sector, saying the...
*United States- North Korea tensions remain. NEW YORK/ LONDON, Sept 26- Spot gold dipped more than 1 percent after Federal Reserve Chair Janet Yellen said the central bank needed to continue gradual rate hikes, despite weak inflation. emergency accommodation with the very large debt that were facing, "said George Gero, managing director of RBC Wealth Management in...
Manulife Real Estate, part of Manulife Financial Corp, appointed Kenny Lam as managing director, head of Asia real estate investments, effective immediately. Franklin Templeton Investments, part of investment management firm Franklin Resources Inc, appointed David Whitehair as head of its defined contribution business in the UK. The asset management arm of...
LONDON/ PARIS, Sept 26- Louis Dreyfus will wind down the fund management activities of commodities specialist Edesia Asset Management by the end of the year as part of its drive to focus on trading and processing of agricultural goods. Edesia Asset Management, which is wholly owned by Louis Dreyfus Holding, was established in 2008 and manages more than $1.4...
*Share sale comes after preliminary deal on steel merger. FRANKFURT/ DUESSELDORF, Sept 26- Thyssenkrupp raised almost 1.4 billion euros in a share placing on Tuesday to help fund the industrial goods businesses that will stay with the firm after the planned merger of its steel operations with Tata Steel next year. "We will use that time to strengthen our...
Manulife Real Estate, part of Manulife Financial Corp, appointed Kenny Lam as managing director, head of Asia real estate investments, effective immediately. Asset manager Schroder Plc appointed Charles Prideaux as head of solutions, reporting to Richard Mountford, the global head of its product division. The asset management arm of JPMorgan Chase& Co said it...
LONDON, Sept 25- Hedge funds have become strongly bullish on the outlook for all parts of the petroleum complex, amid signs global crude stocks are declining and fuels will be short supply after hurricane-related refinery outages. Hedge funds and other money managers raised their combined net long position in futures and options linked to Brent and WTI by 83...
FRANKFURT/ BERLIN, Sept 26- Thyssenkrupp raised almost 1.4 billion euros from institutional investors on Tuesday to help fund the industrial goods businesses that will stay with the firm after the planned merger of its steel operations with Tata Steel next year. "We will use that time to strengthen our industrial goods businesses right away," said Chief...
HONG KONG, Sept 26- Hong Kong and Singapore bourses need to introduce shareholder protection measures if they allow companies with dual-classes of shares to list, BlackRock Inc's head of investment stewardship for Asia Pacific said on Tuesday. BlackRock, the world's largest asset manager, was among several institutional investors opposing those changes in...
EXCLUSIVE-HEDGE FUND INVESTOR TEAMCO ADVISERS TO SHUT; WILL END MAIN OPERATIONS BY EARLY 2018- INTERVIEW WITH FOUNDER DAVID PERRY.
NEW YORK, Sept 25- David Perry plans to end the main operations of TeamCo Advisers LLC by early 2018 and ultimately shut the firm, he told Reuters in an interview, making his San Francisco- based business the latest casualty in the struggling fund of hedge funds industry. Richard Perry's New York- based Perry Capital, launched in 1988, became one of the industry's...
BERLIN, Sept 25- Thyssenkrupp AG raised almost 1.4 billion euros from institutional investors on Monday in a share sale to bolster its balance sheet ahead of a planned merger with India's Tata Steel. At a price of 24.3 euros, below Monday's closing price of 24.7 euros, the share sale raised 1.38 billion euros, the company said. If approved, the new joint venture would...
NEW YORK, Sept 25- The Financial Industry Regulatory Authority said on Monday it ordered Wall Street investment bank and securities brokerage Morgan Stanley to pay $13 million in fines and restitution to clients for inadequately supervising certain short-term trades. FINRA, the securities industry's self-regulator, said that between January 2012 and...
LONDON, Sept 25- Britain's financial watchdog has not had any applications as yet for licences from European Union financial firms operating in Britain which may lose the right to "passport" their services into the country once it leaves the EU in March 2019. Almost 13,500 banks, insurers, asset managers and other financial firms use EU passporting rules that...
LONDON, Sept 25- Britain's financial watchdog has not had any applications as yet for licenses from European Union financial firms operating in Britain which may lose the right to "passport" their services into the country once it leaves the EU in March 2019. Almost 13,500 banks, insurers, asset managers and other financial firms use EU passporting rules that...
LONDON, Sept 25- Britain's financial watchdog has not had any applications as yet from European Union financial firms operating in the UK who may lose the right to "passport" their services into Britain once the country leaves the bloc in March 2019. Almost 13,500 banks, insurers, asset managers and other financial firms use EU passporting rules that allow easy...
LONDON, Sept 25- Britain's financial watchdog has not had any applications as yet from European Union financial firms operating in the UK who may lose the right to "passport" their services into Britain once the country leaves the bloc in March 2019. Almost 13,500 banks, insurers, asset managers and other financial firms use EU passporting rules that allow easy...
LONDON, Sept 25- Hedge funds have become strongly bullish on the outlook for all parts of the petroleum complex, amid signs global crude stocks are declining and fuels will be short supply after hurricane-related refinery outages. Hedge funds and other money managers raised their combined net long position in futures and options linked to Brent and WTI by 83...
LONDON, Sept 25- The Bank of England just gave hedge funds a bloody nose. On Sept. 14 the Bank of England said it was likely to raise rates in the coming months if the economy and price pressures kept growing. It was the clearest signal to date that Britain's first rate hike in a decade is approaching.
SAO PAULO, Sept 25- Brazilian logistics operator Rumo SA has hired five banks to help underwrite an upcoming share sale, according to a securities filing late on Sunday. The investment banking units of Itaú Unibanco Holding SA, Banco BTG Pactual SA, Bank of America Corp, Credit Suisse Group AG and Goldman Sachs Group Inc have won underwriting roles in the...
