Diversified Financials Capital Markets

  • LONDON, June 24- Hedge fund liquidation of petroleum futures and options positions stalled last week as bearishness about the global economy was tempered by fears about a possible disruption of oil exports from the Gulf. Portfolio managers have sold a total of 389 million barrels in the last eight weeks, but last weeks sales were the smallest so far, as tensions...

  • CITI HIRES ELIZABETH MILONOPOULOS FROM GOLDMAN SACHS AND BRIAN YICK FROM BARCLAYS WHO WILL SERVE AS GLOBAL CO-HEADS OF INTERNET INVESTMENT BANKING.

  • PARIS/ LONDON, June 21- Natixis shares fell on Friday, extending heavy losses on fears that one of the French bank's asset management companies H2O could suffer outflows of client cash after ratings agency Morningstar placed one of its funds under review. Morningstar's concerns are focused on H2O's holdings in debt issues from private companies linked to...

  • *Oil prices jump on Iran tensions, Fed. NEW YORK, June 20- World stock markets jumped on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10- year U.S. I do think that todays move is due to yesterdays Fed move, "said James Ragan, director of wealth management research at D.A.

  • *Oil prices jump on Iran tensions, Fed. NEW YORK, June 20- World stock markets jumped on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10- year U.S. I do think that todays move is due to yesterdays Fed move, "said James Ragan, director of wealth management research at D.A.

  • PARIS, June 20- French investment bank Natixis defended its UK- based asset management division H2O on Thursday after fund ratings firm Morningstar put the unit under review over its holdings, causing a sharp fall in the French bank's shares. Morningstar, which provides analysis and ratings on funds, said H2O held "highly illiquid bonds" issued by several...

  • LONDON, June 20- Natixis' H20 Asset Management chief executive Bruno Crastes said on Thursday liquidity in a fund it manages which has drawn scrutiny from a fund ratings firm is not an issue, and it has plenty of cash on hand. In an emailed statement, Crastes was responding to news that Morningstar had put its rating on H20's Allegro fund under review due to concerns...

  • NATIXIS' H20 ASSET MANAGEMENT CEO SAYS LIQUIDITY NOT AN ISSUE IN ADAGIO, MULTIBONDS AND ALLEGRO FUNDS.

  • PARIS, June 20- Natixis on Thursday defended its H2O Asset Management fund division, after fund ratings firm Morningstar put its rating on H2O under review which hit the French bank's shares. Morningstar, which provides analysis and ratings on funds, said H2O held "highly illiquid bonds" issued by several companies related to German entrepreneur Lars Windhorst.

  • PARIS, June 20- French bank Natixis defended on Thursday its H2O Asset Management fund division, after a decision by Morningstar to put its rating on H2O under review hit Natixis' shares. Natixis owned 49.99% in H2O on Dec. 31, 2018, according to its website. Natixis' shares were down 10.6% by 1325 GMT.

  • The Fed joined global peers such as the European Central Bank and the Australia's central bank this week in signalling that more policy stimulus is needed to boost growth. "It seems to us as if the' dovish' Fed and Trump/Xi trade optimism narratives are both being rolled into a single ball of USD negativity," said Stephen Gallo, European head of FX strategy at BMO...

  • Old Mutual said in the statement the conflict of interest related to ordinary dividend payments made by NMT Capital, the investment firm Moyo founded and in which an Old Mutual subsidiary is the only institutional investor. The insurer said that while Moyo's interest in NMT Capital was declared and protocols were put in place to manage it, the two payments made...

  • PARIS, June 14- Credit Suisse has re-hired banker Fabien Antignac, who left the bank almost a year ago, to head its European Union capital markets, the bank said on Friday. Antignac will be based in Madrid and will be responsible for capital markets businesses, including equity, debt and derivatives in the EU, the bank said. Antignac had held several positions at...

  • LONDON, June 14- The Australian and the New Zealand dollars fell on Friday as bets on interest rate cuts undermined demand as a Group of 20 meeting later this month kept investors sidelined. Bond futures imply a 66% probability the Reserve Bank of Australia will follow up its recent quarter-point easing with another in July. "Rising interest rate cut...

  • June 13- Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. The semiconductor division is "often treated by investors as an afterthought" and should be spun off into a...

  • June 13- Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months have risen to 40-45% and the odds were 65% within the next year. Earlier this year, he said a recession was not on the horizon, but the U.S.- China trade war and the weak momentum of the global economy...

  • June 13- Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its entertainment and semiconductors businesses into separate companies, the second time in six years it has targeted the Japanese electronics maker. Sony should also consider selling its stakes in Sony Financial Holdings Inc, M3 Inc, Olympus Corp and Spotify...

  • June 13- Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months has risen to 40-45% and the odds were 65% within the next year. Gundlach, who oversees more than $130 billion in assets under management, said the yield curve and the New York Fed recession...

  • TORONTO/ LONDON, June 13- British hedge fund Odey Asset Management said on Thursday it would reject any offer from Barrick Gold Corp for its stake in Acacia Mining Plc that is framed as "best and final," becoming the second Acacia investor to publicly oppose the Canadian mining giant's buyout proposal. Barrick spun off Acacia into a separate company in 2010, but...

  • He needs to raise cash from the Woodford Equity Income Fund, which had 3.7 billion pounds in assets under management when suspended, to pay back investors seeking their money due to poor performance. The fund was frozen on June 3, shortly after a 263 million pound redemption request from the pension fund of Kent County Council in southern England.