Hedge fund Tiger Consumer Management to shut down this month

BOSTON, March 5 - Hedge fund manager Patrick McCormack is shutting down his roughly $1.4 billion Tiger Consumer Management, according to a letter sent to investors.

10:28pm GMT

UPDATE 2-U.S. Senate Iran debate postponed after Democrats object

WASHINGTON, March 5 - Republican U.S. Senate Majority Leader Mitch McConnell on Thursday postponed plans to debate and vote next week on a bill requiring President Barack Obama to submit any nuclear agreement with Iran to Congress for approval.

10:13pm GMT

Rothschild looks to organize Ukraine bondholders ahead of talks

NEW YORK/LONDON, March 5 - Boutique investment firm Rothschild has invited investors to organize into a Ukraine creditor group ahead of a sovereign debt restructuring, sources directly familiar with the situation told Reuters.

Bonds, Regulatory News 10:06pm GMT

Lipper fund flows: IG US$1.638bn inflow; HY US$309m inflow

NEW YORK, March 5 (IFR) - For the week ended March 4, Lipper US Fund Flows reported an inflow of US$1.638bn into corporate investment grade funds (YTD total of US$21.120bn inflow) and an inflow of US$309m into high yield funds (YTD total of US$11.122 inflow).

10:04pm GMT

UPDATE 1-U.S. banks pass Fed capital test, trading books hurt

WASHINGTON/NEW YORK, March 5 - All 31 U.S. banks passed a test of how they would do in a next economic crisis, the Federal Reserve said on Thursday, but those with large trading books came out weak because of new elements in the check-up.

Bonds, Regulatory News 10:01pm GMT
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