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Diversified Financials Capital Markets

  • Prime Partners oversaw $270 million of assets for U.S. taxpayer clients in 2008, and ended last year with $2.6 billion of assets under management, settlement papers show. A lawyer for Prime Partners did not immediately respond to a request for comment. Under the settlement, Prime Partners will forfeit $4.32 million of fees and pay $680,000 representing unpaid...

  • LONDON, Aug 15- The number of investors saying equity markets are overvalued rose to a record high of 46 percent in August, Bank of America Merrill Lynch's monthly fund manager poll showed on Tuesday. The survey, which polled 202 asset managers with $587 billion under management, was carried out between August 4-10 and showed cash levels at a stubbornly high 4.9...

  • NEW YORK, Aug 15- Low-cost exchange-traded funds are a favorite of individual investors. ETF assets reached $2.9 trillion in 2017, up 32 percent in the last year, according to Investment Company Institute, a trade group. Of the $5 trillion in assets in company-sponsored 401 plans, two-thirds are held in mutual funds, the ICI says.

  • LONDON, Aug 15- Big computer-driven hedge funds such as AQR Capital Management, Aspect Capital and Two Sigma lost money in the first seven months of 2017, with human stock-pickers making better returns. The average hedge fund made 4.8 percent from the start of the year to July 31, Hedge Fund Research data shows, but a lack of market direction, June's sharp reversal...

  • NEW YORK, Aug 15- Low-cost exchange-traded funds are a favorite of individual investors. ETF assets reached $2.9 trillion in 2017, up 32 percent in the last year, according to Investment Company Institute, a trade group. Of the $5 trillion in assets in company-sponsored 401 plans, two-thirds are held in mutual funds, the ICI says.

  • NEW YORK, Aug 15- Low-cost exchange-traded funds are a favorite of individual investors. ETF assets reached $2.9 trillion in 2017, up 32 percent in the last year, according to Investment Company Institute, a trade group. Of the $5 trillion in assets in company-sponsored 401 plans, two-thirds are held in mutual funds, the ICI says.

  • NEW YORK, Aug 15- Low-cost exchange-traded funds are a favorite of individual investors. ETF assets reached $2.9 trillion in 2017, up 32 percent in the last year, according to Investment Company Institute, a trade group. Of the $5 trillion in assets in company-sponsored 401 plans, two-thirds are held in mutual funds, the ICI says.

  • NEW YORK, Aug 15- Low-cost exchange-traded funds are a favorite of individual investors. ETF assets reached $2.9 trillion in 2017, up 32 percent in the last year, according to Investment Company Institute, a trade group. Of the $5 trillion in assets in company-sponsored 401 plans, two-thirds are held in mutual funds, the ICI says.

  • *FTSE 100 up 0.3 pct. LONDON, Aug 15- Britain's FTSE 100 share index rose 0.3 percent on Tuesday, after gains driven by consumer staples and broker upgrades were bolstered by investors' relief that inflationary pressures eased last month. The newly merged asset manager Standard Life Aberdeen climbed again to be the top FTSE gainer, after a double upgrade from...

  • A Reuters analysis of filings with the U.S. Securities and Exchange Commission showed that Coatue Management, Omega Advisors, Third Point, Tiger Global Management, Appaloosa Management, Paulson& Co, Soros Fund Management and Greenlight Capital in aggregate slashed 16 stakes, sold two stakes, increased six stakes, opened two new stakes, and maintained two...

  • NEW YORK, Aug 14- Hedge-fund manager David Tepper, known for taking positions in out-of-favor companies in his Appaloosa Management hedge fund, added stakes in embattled Wells Fargo Co and several energy companies in the second quarter as the price of oil fell, according to quarterly filings released Monday. In addition to energy and financial companies,...

  • NEW YORK, Aug 14- Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying amid a Republican effort to repeal and replace President Obama' s signature healthcare law. Jana Partners sold all of its shares in nine healthcare companies, ranging from...

  • NEW YORK, Aug 14- U.S. hedge fund managers were active in the FAANG group of high-flying tech stocks in the second quarter, with Third Point increasing its stake in two of the companies and Omega Advisors trimming stakes in three, regulatory filings showed. Daniel Loeb's Third Point increased its stake in Alphabet by 120,000 class A shares to 575,000 and increased...

  • Aug 14- Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc had "unfairly characterized" their interactions in an effort to make the hedge fund's requests "appear unreasonable". Pershing, led by billionaire investor William Ackman, said on Monday it had not sought effective control of ADP...

  • NEW YORK, Aug 14- Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying as Republican efforts to repeal and replace President Obama' s signature healthcare law dimmed. New York- based Jana Partners sold all of its shares in nine healthcare companies,...

  • BOSTON, Aug 14- Top mutual fund manager Vanguard Group said on Monday it has "prioritized climate risk" in its talks with companies, and urged them to disclose potential business risks from environmental shifts. Glenn Booraem, investment stewardship officer for Vanguard funds, said the closely held Pennsylvania firm has pressured companies to say more about...

  • LONDON, Aug 14- "If at first you don't succeed, try, try, try again," goes the proverb used to encourage students. Hedge funds and other money managers raised their net long position in the three major futures and options contracts linked to Brent and West Texas Intermediate to 705 million barrels in the week to Aug. 8. Fund managers have boosted their net long position in...

  • NEW YORK, Aug 13- For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads. Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a...

  • NEW YORK, Aug 11- A former Los Angeles investment banker imprisoned for 11 years for a stock manipulation scheme was sentenced on Friday to an additional five years for misappropriating proceeds from a bond issue by a Native American tribe. District Judge Ronnie Abrams in Manhattan, who also ordered him to forfeit more than $43 million. According to prosecutors,...

  • *CPPIB's net assets rise to C $326.5 billion. TORONTO, Aug 11- The Canada Pension Plan Investment Board, the nation's biggest public pension plan, said it delivered gross investment returns of 1.9 percent in the latest quarter, with the strong Canadian dollar hurting its performance. The CPPIB, which manages Canada's national pension fund and invests on behalf of...