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Diversified Financials Capital Markets

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • SAO PAULO, June 2- Brazil's planemaker Embraer SA will buy back up to 3 million shares, equivalent to 0.4 percent of total shares in circulation, the company said in a securities filing.

  • *Reiterates to remain long-term investor in Britain. OSLO, June 2- Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday. The world's largest wealth fund, which is managed by Norges Bank Investment Management and...

  • JOHANNESBURG, June 2- South African telecoms operator Vodacom Group said on Friday its second biggest shareholder, the Public Investment Corporation, will vote in favor of its 34.6 billion rand takeover of Kenya's Safaricom. The PIC, which includes the Government Employees Pension Fund, holds a 15.63 percent interest in Vodacom Group. UK- based group Vodafone...

  • JOHANNESBURG, June 2- South African telecoms operator Vodacom Group said on Friday it's second biggest shareholder, the Public Investment Corporation, will vote in favor of its 34.6 billion rand takeover of Kenya's Safaricom. The PIC, which includes the Government Employees Pension Fund, holds a 15.63 percent interest in Vodacom Group. UK- based group Vodafone...

  • DUBAI, June 2- Goldman Sachs has applied to Saudi Arabia's capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country. Goldman has been operating in Saudi Arabia since 2009 as an agent and underwriter. The Wall Street bank's move indicates...

  • DUBAI, June 2- Goldman Sachs has applied to Saudi Arabia's capital markets regulator for a licence to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country. Goldman has been operating in Saudi Arabia since 2009 as an agent and underwriter. The Wall Street bank's move indicates...

  • NEW YORK, June 1- UBS Group AG is changing the way it pays U.S. financial advisers on retirement accounts before a U.S. Labor Department rule goes into effect next week, and halting the sale of a small number of noncompliant products, a senior UBS wealth executive said in an interview. Advisers in the Swiss bank's Americas wealth management business now will be paid...

  • TORONTO, June 1- Canada's main stock index rose on Thursday to a more than one-week high in a broad rally led by energy and financials, while BlackBerry Ltd jumped after an influential investment firm said the technology company's stock could double. The Toronto Stock Exchange's S&P/TSX composite index closed up 120.00 points, or 0.78 percent, at 15,469.91, its...

  • NEW YORK, June 1- UBS Group AG is changing the way it pays U.S. financial advisers on retirement accounts and halting the sale of a small number of products before a U.S. Labor Department rule goes into effect next week, a senior UBS wealth executive said in an interview. Advisers in the Swiss bank's Americas wealth management business now will be paid based solely on...

  • NEW YORK, June 1- Guggenheim Investments, overseen by high-profile bond investor Scott Minerd, posted net inflows totaling more than $1.1 billion into its fixed-income mutual funds and ETFs in May, the firm said on Thursday. Guggenheim's flagship Total Return Bond Fund, an intermediate-term fund that has outperformed 98 percent of its rivals over one, three, and...

  • The private electronic trading venue is one of more than 30 broker-run dark pools, also known as alternative trading systems, in the United States that compete with 13 public stock exchanges, including the Nasdaq and the New York Stock Exchange. That fragmentation, which can make it more challenging to get trades done, has been a source of frustration for many of...

  • NEW YORK, June 1- Financial services company Cowen Inc closed its acquisition of Convergex on Thursday and said it will shutter a key part of the off-exchange trading platform, Millennium, it acquired with the brokerage. The private electronic trading venue is one of more than 30 broker-run dark pools, also known as alternative trading systems, in the United...

  • June 1- Longtime Wells Fargo& Co executive David Carroll will retire from his role as head of wealth and investment management next month, saying on Thursday he is leaving because he wants to pursue "another chapter in my life." Carroll's retirement is effective July 1, but he will remain with the company until July 31 to make sure the transition goes smoothly.

  • *Reliance on foreign money makes South Africa vulnerable. JOHANNESBURG, June 1- South African pension funds have cut their holdings in local government bonds to the lowest level in nearly 4-1/ 2 years because of political turbulence in the country, but yield-hungry foreign investors are proving less hesitant. Conversely, foreign investors have been buying,...

  • The British bank, which under Chief Executive Jes Staley is firmly focused on Britain and the United States, said it was selling 2.2 billion pounds worth of shares in Barclays Africa Group due to strong investor demand. Barclays, whose shares were trading up 0.5 percent at 0740 GMT, said on Wednesday that South African pension fund Public Investment Corporation...

  • NEW YORK, May 31- Investors poured an estimated $316.6 million into infrastructure-focused U.S. mutual funds and exchange-traded funds in May, according to preliminary data by fund-tracker Morningstar Inc. on Wednesday, extending a monthly inflow streak since the presidential victory of Donald Trump. The latest figures suggested investors were warming...

  • The Birmingham, Alabama- based company has a large concentration of its assets in the Permian Basin. Oil industry deals this year have centered on securing acreage in the Permian Basin due to its low production costs, key at a time when oil prices have recovered to around $50 per barrel, up from around $35 per barrel in early 2016.. Corvex, a $5.5 billion hedge fund run...

  • *Investors add to UK debt, sell UK stocks. LONDON, May 31- European asset managers cut holdings of U.S. stocks in May to the lowest in 10 months, citing pricey valuations and Washington's political wobbles, instead boosting holdings of European and emerging market equities. Conducted between May 15-30, the poll showed that within equity portfolios, exposure to U.S....