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Markets initially interpreted the omission as a sign that rates might be peaking, and drove Treasury yields to session lows after the Fed's statement was released. The two-year yield , which falls with traders' expectations of a less hawkish Fed, fell to 3.9597% from Tuesday's close of 4.177%. Data also showed British inflation unexpectedly rose to 10.4% in February, lifting expectations for a quarter point rate hike at Thursday's Bank of England meeting, boosting sterling. German two-year yields overnight recorded the biggest daily jump since 2008 as markets went back to pricing in more ECB hikes. The dollar index fell on the Fed's dovish note, shedding 0.62%, and a softer dollar lifted the yen to 131.39 .
NHL roundup: Alex Ovechkin hits 40 goals for record 13th time
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +10 min
Mandatory Credit: Brad Mills-USA TODAY SportsMarch 22 - On a night he was honored for passing one NHL legend, Washington's Alex Ovechkin made history by eclipsing another. Before the game, Ovechkin was honored in a 20-minute on-ice ceremony for passing Gordie Howe for second place on the all-time NHL goals list on Dec. 23. On Tuesday, Ovechkin scored his 40th goal of the season, passing Wayne Gretzky for the most 40-goal seasons in NHL history with his 13th. Barrett Hayton scored the lone goal for Arizona (27-33-11, 65 points), which saw its four-game winning streak come to an end. Alex Chiasson and Filip Zadina scored regulation goals for the Red Wings, who earned just their third victory in their last 13 games.
Man Group (EMG.L), as a public company traded on London's FTSE 100 index, is a rarity among hedge funds. Large investors such as pension schemes and sovereign wealth funds use hedge funds to guard against broader market volatility. The broader HFRI Composite Index, which tracks the performance of hedge funds, rose by about 12% in 2020, according to data firm Hedge Fund Research (HFR). Over the last three years, Man Group, which uses discretionary and computer led strategies to trade, has taken in $18.7 billion of new client money and made $11.5 billion in investment gains. In 2008, Peter Clarke, the former CEO of the hedge fund, took home $14 million.
NHL roundup: Stars rally, but Flames pull out late win
  + stars: | 2023-03-07 | by ( ) www.reuters.com   time to read: +5 min
Nazem Kadri, Jonathan Huberdeau and MacKenzie Weegar each collected two assists, and goalie Jacob Markstrom made 29 saves. Sharks 3, Jets 2 (OT)Logan Couture scored in overtime after assisting on Tomas Hertl's late game-tying goal as San Jose outlasted host Winnipeg. Senators goalie Mads Sogaard made 16 saves on 21 shots after being pressed into action when Cam Talbot was scratched due to a lower-body injury. Kings 4, Capitals 2Adrian Kempe had a goal and an assist for Los Angeles in a win against visiting Washington. Luke Evangelista scored two goals and Colton Sissons also scored for the Predators, whose two-game win streak ended.
Man Group shares surge on bumper performance fees
  + stars: | 2023-02-28 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +2 min
A September rout in British gilt markets drove many UK pension funds to scour for cash, after investments into liability-driven investment (LDI) funds resulted in billions of pounds worth of collateral calls. Many pension funds reached for profitable investments they had elsewhere, like hedge funds as well as investments into collateralised loan obligations. Some of the strategies from which investors withdrew money were posting double digit returns at the time, he added. He declined to say how much money he'd seen back from pension schemes this quarter. Separately, Man said its chairman John Cryan had decided to retire from the board towards the end of 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMan Group CEO: We have a big leg down coming when we have to deal with wage inflationMan Group CEO Luke Ellis, and Ken Rogoff, Harvard University professor of economics, join 'Squawk Box' to discuss their takeaways from Wednesday's rate hike announcement, the global central bank picture, and more.
The Americanized “Spirited” is available on Apple TV+, while the British-based “Scrooge: A Christmas Carol” debuted on Netflix on Friday. Originally published in 1843, Charles Dickens’ “A Christmas Carol” was that era’s equivalent of a bestseller, with 13 editions published in the first year of print alone. (“The Muppet’s Christmas Carol,” for example, cast perpetual hero Kermit T. Frog as Cratchit rather than Scrooge.) The animation is vibrant, capturing the feel of the old Claymation-style Christmas TV specials. It is a bizarre and somewhat grotesque rewriting of the story’s moral; it's “A Christmas Carol” seen through the lens of bothsiderism.
LONDON (Reuters) -Asset manager PineBridge Investments’ multi asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. “Europe is going into recession now, the U.S., maybe, sometime next year, but China’s already had a recession ... The next leg is up for Chinese equities, it’s a question of when, and the main driver would be the reopening,” Redha said. China’s economy rebounded faster than anticipated in the third quarter though the revival was challenged by COVID-19 curbs, a prolonged property slump and global recession risks. However, a foreign ministry spokesman later said he was not aware of the report, calling China’s COVID policies consistent and clear.
Those returns would come from "great trading opportunities", including placing long and short bets on Chinese equities, said Man Group CEO Luke Ellis, without giving any details. "I think the alpha opportunities in China are very attractive," Ellis told Reuters on Thursday, referring to the potential to generate returns that are higher than market benchmark gains. "We've been able to generate good alpha in the Chinese market. With China gradually opening up its markets to foreign investors, Ellis sees the potential for Man Group to expand its operations in that country when it relaxes its stringent COVID-induced border controls. Man Group launched a Chinese domestic private fund unit in 2017 that currently runs one fund with a macro strategy.
Luke este un tânăr din Marea Britanie, bolnav de cancer în stadiu final, care face înconjurul lumii pe o bicicletă „tandem”. S-a pornit din Bristol în luna ianuarie 2020, a ajuns în Germania, dar a fost nevoit să se întoarcă acasă, pe motiv că a început pandemia. Din august a pornit din nou, cu bicicleta, prin lume. Bicicleta dublă e un simbol pentru el, își închipuie că face această călătorie împreună cu fratele său mai mare care a decedat. În drumul său cunoaște oameni noi, unii chiar îl pot însoți pe bicicletă în drumul său.
Persons: Luke Locations: Bristol, Germania, Moldova
Luke este un tânăr din Marea Britanie, bolnav de cancer în stadiu final, care face înconjurul lumii...
Persons: Luke
Luke este un tânăr din Marea Britanie, bolnav de cancer în stadiu final, care face înconjurul lumii...
Persons: Luke
50 of the world’s best breads
  + stars: | 2019-10-15 | by ( Jen Rose Smith | ) edition.cnn.com   time to read: +33 min
In alphabetical order by location, here are 50 of the world’s most wonderful breads. Roti gambang, IndonesiaShutterstockPalm sugar and cinnamon lend a light, aromatic sweetness to roti gambang, a tender wheat bread that’s an old-fashioned favorite at Jakarta bakeries. This is where locals bring rounds of tender wheat dough ready to bake into khobz kesra, one of the country’s homiest breads. Gyeran-ppang, South KoreaShutterstockThere’s buried treasure within every loaf of gyeran-ppang, individually sized wheat breads with a whole egg baked inside. To make malawach, bakers roll wheat dough into a delicate sheet and fold it over a slick of melted butter.
Persons: William Rubel, , Afghanistan Johannes Eisele, lavash, it’s, de, whirl, Egypt Jen Rose Smith, El Salvador Lane Turner, you’ll, Joya de Cerén, injera, France Enrico Spanu, You’re, munch, Jim Chevallier, Emmanuel Macron, Pai bao, confections, snacking, Dökkt, rúgbrauð, India Stuart Freedman, Roti, Iran Behrouz Mehri, sangak –, crumb, Italy Bruce Bisping, Arnaldo Cavallari, Kare, ” Karepanman, Jordan Shutterstock, canai, sourdough, , Mexico Lisa Cherkasky, Morocco Bartosz, Luke E, Rēwena parāoa, haven’t, Broa, South Korea Shutterstock, kisra, Balep, Lama, United States Dixie, Lily, White Lily, , Uzbekistan Shutterstock Flatbreads, they’re, Areperos Organizations: CNN, Getty, UNESCO Intangible Heritage, Montreal bagels, Fairmount, Boston Globe, pats, UNESCO, le, swabbing, National Agency for Cultural Heritage Preservation, Jerusalem, Star Tribune, The Washington Post, Amsterdam’s, Vikings, Sri, Brewers, Turkey VW, Biscuits, United, Washington Post, Uzbekistan Shutterstock Locations: Germany’s Westphalia, Afghanistan, AFP, Lavash, Armenia, Australia, Luchi, Bangladesh, Dhaka, de queijo, Brazil, Montreal, Canada, Marraqueta, Chile, Chilean, el brazo, ” Shaobing, China, Sichuan, Cubano, Cuba, Cuban, Havana, Miami, Florida, Libba, Egypt, El Salvador, San Salvador, Joya, Injera, Ethiopia, Eritrea, Somalia, injera, Baguette, France, Paris, Khachapuri, Georgia, Pumpernickel, Germany, Soest that’s, Hong Kong, Dökkt rúgbrauð, Iceland, Laugarvatn, Paratha, India, Roti gambang, Indonesia, Jakarta, Indonesian, Gouda, Edam, Iran, Ireland, Israel, Tel Aviv, you’ll, United States, Ciabatta, Italy, Jamaica, South America, Caribbean, Japan, panko, Amman, canai, Malaysia, Malta, Maltese, Mexico, kesra, Morocco, Moroccan medina, ferran, Navajo, Arizona, New Mexican, powwows, Netherlands, San Francisco, New Zealand, Lefse, Norway, Europe, Norwegian, Podplomyk, Poland, milho, Portugal, Americas, Karavai, Russia, Sardinia, of Piedmont, there’s, Proja, Serbia, Serbian, South Korea, Seoul, Sri Lanka, Colombo, Kisra, Sudan, South Sudan, Sweden, Sweden’s, Balep korkun, Tibet, Simit, Turkey, Istanbul, United Kingdom, British, Uzbekistan, Arepa, Venezuela, Venezuelan, Malawach, Yemen
Total: 13