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☆ Rangers cap perfect road trip with OT victory vs. Jets
▼ + stars: | 2023-10-31 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/28] Oct 30, 2023; Winnipeg, Manitoba, CAN; New York Rangers right wing Blake Wheeler (17) poses with fans before a game Winnipeg Jets at Canada Life Centre. Mandatory Credit: James Carey Lauder-USA TODAY Sports Acquire Licensing RightsOctober 31 - Mika Zibanejad scored with 26 seconds left in overtime as the New York Rangers completed a perfect five-game road trip with a dramatic 3-2 victory over the host Winnipeg Jets on Monday night. The Rangers continued their strong start under new coach Peter Laviolette by winning for the seventh time in nine games. New York also went unbeaten on a road trip of at least five games for the first time in team history. Zibanejad got Panarin's pass and buried a one-timer past Connor Hellebuyck to give the Rangers their sixth road win in seven games this season.

Persons: Blake Wheeler, James Carey Lauder, Mika Zibanejad, Peter Laviolette, Artemi Panarin, Hall, Hall of Famer Rod Gilbert, Chris Kreider, Zibanejad, Panarin, Connor Hellebuyck, David Gustafsson, Nikolaj Ehlers, Igor Shesterkin, Kreider, Kyle Connor's, Hellebuyck, Jacob Trouba, York's, Gustafsson, Shesterkin, Cole Perfetti, Ehlers, Adam Fox's Organizations: CAN, New York Rangers, Winnipeg Jets, Canada Life, USA, The Rangers, Hall of Famer, New, Rangers, Jets, New York, Thomson Locations: Winnipeg , Manitoba, New York

☆ NHL roundup: Knights' season-opening surge makes history
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +10 min

Vegas stretched its season-opening winning streak to six games, the longest by a defending Stanley Cup champion in league history. Justin Schultz scored for Seattle, which has tallied more than one goal only once in six games this season to drop to 1-4-1. Maple Leafs 4, Lightning 3 (OT)John Tavares scored the game-winning goal in overtime as Toronto rallied past host Tampa Bay. Predators 5, Sharks 1Tommy Novak scored two goals and Juuse Saros made 31 saves to propel host Nashville past San Jose. Marchand scored goals in the second and third periods after recording an assist.

Persons: Nicolas Roy, Laurent Brossoit, James Carey Lauder, Marc Stone, Paul Cotter, Vegas, Cotter, Michael Amadio, Connor Bedard, Artturi Lehkonen, Logan O'Connor, Nathan MacKinnon, Ryan Johansen, Mikko Rantanen, Fredrik Olofsson, Alexandar Georgiev, Jesperi, Jaccob Slavin, Brent Burns, Michael Bunting, Stefan Noesen, Pyotr Kochetkov, Jonathan Quick, Artemi Panarin, Kaapo Kakko, Alexis Lafreniere, Filip Chytil, K'Andre Miller, Justin Schultz, Philipp Grubauer, Joe Veleno, Dylan Larkin, Shayne Gostisbehere, David Perron, Ville Husso, Jake Sanderson, Ridly Greig, Joonas Korpisalo, Karel Vejmelka, Jason Zucker, Clayton Keller, Frank Vatrano, Lukas Dostal, Jeff Skinner, Mattias Samuelsson, Dylan Cozens, Eric Comrie, Comrie, Semyon Varlamov, Cole Caufield, Caufield, Nick Suzuki, Darcy Kuemper, Sean Monahan, Brendan Gallagher, Dylan Strome, Kuemper, Andrei Kuzmenko, Elias Pettersson, Quinn Hughes, Carson Soucy, Brock Boeser, . Miller, Casey DeSmith, Sam Reinhart, Aleksander Barkov, Sergei Bobrovsky, John Tavares, Tavares, William Nylander, Nikita Kucherov, Alex Barre, Boulet, Adam Fantilli, Jack Roslovic, Minn, Justin Danforth, Kent Johnson, Boone Jenner, Elvis Merzlikins, Dakota Mermis, Marcus Johansson, Mats Zuccarello, Jonas Brodin, Joel Eriksson Ek, Pat Maroon, Filip Gustavsson, Joe Pavelski, Wyatt Johnston, Jamie Benn, Roope Hintz, Tyler Sequin, Scott Wedgewood, Travis Konecny, Sean Walker, Joel Farabee, Noah Cates, Samuel Ersson, Tommy Novak, Nashville's Kiefer Sherwood, Luke Evangelista, Samuel Fagemo, Tomas Hertl, Mackenzie Blackwood, Brandon Saad, Louis, Jake Neighbours, Colton Parayko, Kasperi Kapanen, Robert Thomas, Jordan Binnington, Evgeni Malkin, Radim Zohorna, Tristan Jarry, Saad, Mark Scheifele, Connor Hellebuyck, Josh Morrissey's, Stuart Skinner's, Darnell Nurse, Evan Bouchard, Connor McDavid, Leon Draisaitl, didn't, Brad Marchand, David Pastrnak, Marchand, Pastrnak, Morgan Geekie, Derek Forbort, Jeremy Swayman, Alex Laferriere, Carl Grundstrom, Cam Talbot, Anze Kopitar, Dustin Brown Organizations: Vegas Golden Knights, Winnipeg Jets, Canada Life, USA, Chicago Blackhawks, Stanley, Edmonton Oilers, Ottawa Senators, Golden Knights, Chicago, United, Blackhawks, Avalanche, Hurricanes, Colorado, Carolina, Rangers, Seattle, Red Wings, Senators, Ottawa, Detroit, Coyotes, Ducks, Arizona, Anaheim, Islanders, Buffalo, Sabres, New Jersey Devils, Canadiens, Capitals, Montreal, Washington, Canucks, Panthers, Florida, Maple Leafs, Toronto, Tampa Bay, Leafs, Brayden, Blue Jackets, NHL, Dakota, Flyers, Dallas, Philadelphia, Sharks, Nashville, Penguins, Pittsburgh, Blues, Jets, Oilers, Winnipeg, Edmonton, McDavid, Scheifele, Bruins, Thomson Locations: Winnipeg , Manitoba, Vegas, Denver, Colorado, New York, Detroit, Tempe, Ariz, Vancouver, Florida, Sunrise, Fla, Tampa, Columbus, Minnesota, Saint Paul, San Jose, Pittsburgh, Scheifele, Boston, Los Angeles

☆ US loss of AAA badge a reminder of 'regime shift' for government debt
▼ + stars: | 2023-08-14 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

"I think it really brings home that shift being a regime shift rather than a cyclical one," Katimbo-Mugwanya said. S&P said the assumption that governments would prioritise servicing debt over spending promises had rarely been tested at such high debt levels. For now, despite the steepest increases in borrowing costs in decades, investors still see little risk in holding governments' longer-term debt. POLICY WATCHGreater focus on longer-term risks should bring scrutiny of government policies. Still, with higher debt an economic reality, few governments are left with the coveted AAA rating.

Persons: Brendan McDermid, Fitch, David Katimbo, Mugwanya, Bill Ackman, Moritz Kraemer, Fichan, Kraemer, Kshitij Sinha, Martin Lenz, LBBW's Kraemer, Yoruk Bahceli, Davide Barbuscia, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, AAA, Financial, Fitch, EdenTree Investment Management, P Global, LBBW, European Union, European Commission, European Central Bank, Syz, New York Fed, Life Asset, Union Investment, Thomson Locations: New York City, U.S, United States, Japan

☆ Barclays seeks to stop being corporate banker to Odey Asset Management, Financial Times reports
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

July 2 (Reuters) - Barclays (BARC.L) is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey. The British hedge fund has grappled with redemptions since the FT and Tortoise Media on June 8 jointly reported allegations by 13 women that Crispin Odey had sexually assaulted or harassed them over a 25-year period. OAM and Barclays did not immediately respond to a Reuters request for comment outside usual office hours. FT also reported earlier that the FCA had restricted the movement of cash and assets from OAM to restore order at the firm. Letters to OAM investors last week showed the manager has proposed to restructure two of its key funds as part of efforts to extract Crispin Odey from the business after the assault allegations.

Persons: Crispin Odey, Odey, AJ Bell, Hargreaves Lansdown, Goldman Sachs, Morgan Stanley, Rishabh, Kevin Liffey, David Holmes Organizations: Barclays, Odey Asset Management, Financial Times, redemptions, Tortoise Media, Sunday Barclays, Financial, Authority, FT, JPMorgan, Thomson Locations: British, Canada, Halifax, Bengaluru

☆ Factbox: Who are Crispin Odey and hedge fund Odey Asset Management?
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +5 min

Here are some key facts about Odey, London-based OAM, the allegations, and their fallout:WHO ARE CRISPIN ODEY AND ODEY ASSET MANAGEMENT? Odey, 64, founded the asset management firm which bears his name in 1991. HOW BIG IS ODEY ASSET MANAGEMENT? Schroders and Canada Life last week moved to cut back their dealings with asset management businesses with links to Odey. It is looking increasingly unlikely, even though larger funds such as Odey Asset Management Group are made up of many funds with different trading strategies.

Persons: Crispin Odey, OAM, Odey, CRISPIN ODEY, Kwasi Kwarteng, Goldman Sachs, Morgan Stanley, James Hanbury, Hanbury, Peter Martin, Carolina Mandl, Nell Mackenzie, Elisa Martinuzzi, Dhara Ranasinghe, Alexander Smith Organizations: Odey, Management, Reuters, Financial Times, WHO, Asset Management, Conservative Party, Securities and Exchange Commission, Financial, Authority, Lawmakers, JPMorgan, UBS, CAN, Odey Asset Management, Inc, Carolina, Thomson Locations: London, Schroders, New York

☆ Factbox: Who are Crispin Odey and the hedge fund Odey Asset Management?
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +4 min

June 10 (Reuters) - Crispin Odey, one of Britain's best-known hedge fund managers, is leaving Odey Asset Management following allegations of sexual misconduct, the firm's executive committee said on Saturday. Here are some key facts about Odey, his London-based hedge fund, the allegations, and the fallout:WHO IS CRISPIN ODEY AND ODEY ASSET MANAGEMENT? Odey Asset Management (OAM) is known for highly leveraged bets trading global equities, debt, currencies and commodities. Besides Odey Asset Management, the group also runs Brook Asset Management and Odey Wealth, a private wealth unit. Brook Asset Management and Odey Wealth, both part of the Odey Group, are run by different portfolio managers such as James Hanbury and Peter Martin, the chief executive of Odey Asset Management.

Persons: Crispin Odey, Odey, CRISPIN ODEY, Kwasi Kwarteng, ODEY, James Hanbury, Peter Martin, Goldman Sachs, Morgan Stanley, Schroders, Carolina Mandl, Nell Mackenzie, Dhara Ranasinghe, Daniel Wallis Organizations: Odey, Management, Financial Times, WHO, Conservative Party, Odey Asset Management, Asset Management, Securities and Exchange Commission, Reuters, Financial, Authority, Inc, JPMorgan, UBS, Carolina, Thomson Locations: London, New York

Odey Asset Management "does not recognise the picture of the firm that has been painted" by the allegations, it told investors in a letter seen by Reuters. Within hours of the report being published, Wall Street firms including Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) began reviewing their prime broking ties with Odey Asset Management, sources familiar with the matter told Reuters. "We are confident our service providers will continue to work with us," an Odey Asset Management letter said later. Industry experts consulted by Reuters said that did not necessarily indicate a major change in culture in the City, however. A London employment tribunal last month awarded a former Algebris employee over 32,000 pounds in a sex harassment claim against the asset management company.

Persons: Crispin Odey, Odey, Goldman Sachs, Morgan Stanley, MS.N, Schroders, Evan Nierman, Megan Tobias Neely, Neely, retrained, Daniel Beunza, Davide Serra, Serra, Algebris, Yasmine Chinwala, Nell Mackenzie, Sinead Cruise, Naomi Rovnick, Dhara Ranasinghe, Rosalba O'Brien Organizations: Odey Asset Management, Financial Times, Tortoise Media, Reuters, Odey, Wall, JPMorgan, FT, Financial, Bayes Business, Labour Party, New, Thomson Locations: City, London, Britain, New York

☆ Odey offloads stake in UK Retailer AO, Sky News reports
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 10 (Reuters) - Odey Asset Management has sold its 19% stake in UK-based retailer AO World Plc (AO.L) to Frasers Group (FRAS.L), Sky News reported on Saturday. Frasers Group bought the stake for 75 million pounds ($94.27 million), the report said. Odey Asset Management, AO and Frasers Group did not immediately respond to a request for comment by Reuters. On Friday, asset managers Schroders Plc (SDR.L) and Canada Life moved to cut back their dealings with Odey Asset Management, citing allegations of sexual misconduct by its founder, Crispin Odey, that were published by the Financial Times and Tortoise Media a day earlier. Odey Asset Management told investors in a letter dated June 8, which was seen by Reuters, that it "does not recognise the picture of the firm that has been painted" by the allegations.

Persons: Crispin Odey, Goldman Sachs, Morgan Stanley, Jose Joseph, Urvi, Alex Richardson, Helen Popper Our Organizations: Odey, Management, Frasers, Sky News, Frasers Group, Reuters, Schroders, Odey Asset Management, Financial Times, Tortoise Media, JPMorgan, Thomson Locations: Canada, Bengaluru

Japan's 10-year bond yield, trading at 0.4%, fell on Wednesday but is not far off its highest levels since 2015. Total holdings of foreign bonds by Japanese institutional investors, excluding Japan's $1 trillion reserve portfolio, reached $3 trillion at their peak. GOING HOMEThe implications of higher inflation and a possible end to ultra-low rates are not lost on Japanese investors. Still, anticipating a shift, Japanese investors sold a net 2.1 trillion yen ($15.94 billion) of foreign bonds in December, marking a fourth straight month of selling. According to Nomura, Japanese investors have been far more active buyers of global and overseas equities than domestic stocks in the last decade.

☆ Investors dump global bond and equity funds in the week ended Sep.21
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/IllustrationSept 23 (Reuters) - Investors withdrew money from global bond and equity funds in the week ended September 21, with caution creeping in ahead of the U.S. Federal Reserve meeting in which further rate hikes were expected to tame soaring inflation. Investors exited a net $7.32 billion of global bond funds, marking their biggest weekly net selling since Aug. 31, data from Refinitiv Lipper showed. Global short- and medium-term bond funds saw their biggest weekly outflow in 11 weeks, amounting to a net $4.98 billion, while investors also exited a net $3.29 billion in high yield funds. Global bond fund flows in the week ended Sept. 21Meanwhile, global equity funds witnessed disposals worth $1.86 billion in a fifth straight week of net selling. An analysis of 24,559 emerging market funds showed investors sold $2.39 billion worth of equity funds, marking a 10th weekly outflow in a row, while also exiting $2.78 billion worth of bond funds.

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