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Corporate Finance Corporate Assets

  • ZURICH, July 24- Julius Baer could grow its assets under management by more than 40 percent in the coming decade to over 500 billion Swiss francs, Chief Executive Boris Collardi said on Monday. Julius Baer reported its most successful six months in attracting new assets from wealthy clients since the financial crisis, bringing its assets under management to 355...

  • *Ex-Goldman banker Beatriz Sanchez named head of LatAm. ZURICH, July 24- Julius Baer reported its most successful six months of attracting new assets from wealthy clients since the financial crisis on Monday, helping its shares surge as much as 8 percent. Investors also welcomed rising revenues relative to costs and an improvement of a key capital ratio, making...

  • NEW YORK, July 24- Miami- area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. Most funds invest in traditional financial assets like stocks or bonds, but direct...

  • *Ex-Goldman Sachs banker Beatriz Sanchez appointed head of LatAm. ZURICH, July 24- Julius Bar had its most successful six months of attracting new assets from wealthy clients since the financial crisis, it said on Monday, boosted by a recent push to recruit more private bankers. It indicates assets gathered by the new bankers accelerated in May and June after...

  • NEW YORK, July 24- Miami- area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. Most funds invest in traditional financial assets like stocks or bonds, but direct...

  • *Raft of China data top forecasts, GDP +6.9 pct y/y. SYDNEY, July 17- The dollar huddled near a 10- month trough on Monday as upbeat Chinese news and the prospect of only gradual policy tightening in the United States sent investors piling into leveraged positions in higher yielding currencies and risky assets. "It is encouraging for global growth as well because...

  • *Raft of China data top forecasts, GDP +6.9 pct y/y. SYDNEY, July 17- The dollar huddled near a 10- month trough on Monday as the diminished risk of aggressive U.S. policy tightening sent investors piling into leveraged positions in higher yielding currencies or risky assets. "It is encouraging for global growth as well because China is the second largest economy on...

  • SYDNEY, July 17- The dollar carved out a 10- month trough on Monday as the diminished risk of aggressive U.S. policy tightening sent investors piling into leveraged positions in higher yielding currencies or risky assets. The was hovering at $1.1471 and just short of major resistance at $1.1489. A holiday in Japan kept trade thin ahead of a deluge of economic news...

  • SINGAPORE/ HONG KONG July 14- A leading Chinese private equity consortium backed by senior executives from Global Logistic Properties won a bid to acquire GLP for S $16 billion, marking Asia's largest private equity buyout in a buoyant sector. GLP, which is Asia's biggest warehouse operator and boasts a $41 billion portfolio of assets spread across China, Japan,...

  • LONDON, July 11- Emerging currencies suffered hefty losses on Tuesday, with the South African rand tumbling more than one percent at one point as investors sold down assets deemed most vulnerable to tighter global monetary conditions. While emerging equities are seen as relatively resilient due to firmer growth and earnings, especially in Asia, currencies...

  • ZURICH, July 6- Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. "This is not only about doing good, we have done it because it makes economic sense," Swiss Re Chief Investment Officer Guido Fuerer told Reuters on Thursday.

  • *Regional lenders in Veneto wound down. With assets of 26 billion euros and a capital gap of 600 million euros, Carige is much less of a headache than the two Veneto- based banks Italy put into liquidation on Sunday in a controversial deal largely funded with taxpayer money. But coupled with a 6.6 billion euros state bailout for Monte dei Paschi, which should be...

  • BERLIN, June 28- Finance Minister Wolfgang Schaeuble on Wednesday underscored Germany's concerns about what he called a regulatory loophole after the EU cleared Italy to wind up two failed banks at a hefty cost to local taxpayers. Italy is transferring the good assets of the two Veneto lenders to the nation's biggest retail bank, Intesa Sanpaolo, as part of a...

  • BASEL, June 27- Switzerland's Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seeds business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto. "We are very interested in seed assets from remedies and beyond that," Chief Executive Erik Fyrwald told a news conference at...

  • RIYADH, June 27- Net foreign assets at Saudi Arabia's central bank, a measure of its ability to support its currency, look set to fall sharply this year as oil prices slump and Riyadh expands its sovereign wealth fund to invest abroad. This year, an austerity drive and a partial rebound in oil prices have helped Riyadh make progress in cutting the deficit-- which...

  • NEW YORK, June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and...

  • June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and other...

  • MILAN, June 26- Italian banking shares rallied on Monday after a deal to wind down two ailing regional lenders allowed Rome to draw a line under its biggest banking headache, with taxpayers rather than the financial industry shouldering the bulk of the losses. Rome on Sunday approved an emergency decree that leaves the best assets of Banca Popolare di Vicenza...

  • June 26- Key Safety Systems said on Sunday that it had reached a deal with Takata to purchase nearly all of its assets for about 175 billion yen, after the air-bag maker filed for bankruptcy in the United States and Japan. Takata, the firm at the centre of the auto industry's biggest ever product recall, said proceeds from the sale would be used to settle a plea...

  • June 26- Key Safety Systems said on Sunday that it had reached a deal with Air-bag maker Takata to purchase nearly all of Takata's global assets and operations for an aggregate purchase price of about 175 billion yen after the company filed for bankruptcy in the United States and Japan.