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UPDATE 3-Burberry, Tom Ford align runway shows with retail availability

*Tom Ford also to sell collection on same day as Sept show. LONDON/ PARIS, Feb 5- Design houses Burberry and Tom Ford on Friday announced new strategies that will allow them to close the gap between the runway and retail in order to get clothing and accessories more quickly to customers in different climates around the world. Major luxury brands such as Dior, Chanel,...
Source: Reuters | By: Li-mei Hoang and Astrid Wendlandt
MIDEAST STOCKS-Saudi, Egypt up in early trade as oil rises

DUBAI, Feb 4- Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent. However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in an...
Source: Reuters
Affiliated Managers tops 4Q profit forecasts

WEST PALM BEACH, Fla. _ Affiliated Managers Group Inc. on Tuesday reported fourth-quarter profit of $150.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share. Affiliated Managers shares have fallen 17 percent since the beginning of the year.
Source: The Associated Press
Street explained: Mystery moves market

Part of the global selling in stocks that started in December may be due to oil-related sovereign wealth funds unwinding assets, particularly in the financial space.
Source: CNBC.com | By: Bob Pisani
Tropicana, Borgata reinvesting millions into casinos, hotels

The Tropicana on Thursday announced a $25 million renovation that will re-do 500 hotel rooms in its Havana Tower; remake the South Tower casino area, and add a high-limit slot area just off the casino's Palm Walk. The work also will include a face lift for Jade Palace, its Asian gambling room, and it will add five new shows to the Tropicana's outdoor multimedia light...
Source: The Associated Press | By: By WAYNE PARRY, Associated Press
Palm Beach hedge fund glitz fails to impress some investors

Many big-money clients- representatives of wealthy families, endowments and private investment firms in New York, London and Geneva- came to the Morgan Stanley Hedge Fund Forum at the $1,000- a-night Breakers Palm Beach resort in a sour mood, hurt by their hedge fund investments last year and so far in January. The Breakers gathering, in its 18th year, once again...
Source: Reuters | By: Lawrence Delevingne
Wounded Warrior Project accused of wasting money

The largest and fastest-growing veterans charity spends far more of its donations on overhead compared to other veterans charities, NYT reports.
Source: The New York Times | By: Dave Phillips
Bearish views abound at elite hedge fund conference

Professional money managers gathered at an elite Morgan Stanley investment conference in Palm Beach, Florida this week expressed a range of pessimistic market views, including so-called bearish takes on the energy sector, China, and stocks such as Valeant Pharmaceuticals and SolarCity. Another topic of negative views was China. Jim Chanos of Kynikos...
Source: Reuters | By: Lawrence Delevingne
Hedge fund billionaire opens shop in Miami Beach

The latest large financial firm to establish itself in the Sunshine State is Appaloosa, the $18.6 billion hedge fund manager led by David Tepper.
Source: Reuters
Hedge fund billionaire opens shop in Miami Beach

Appaloosa recently opened a small office on Washington Avenue in the heart of South Beach, the Miami area's flagship vacation destination, according to public securities filings made this month and to people familiar with the situation. Tepper, 58, a former Goldman Sachs junk bond trader who is worth an estimated $11.6 billion according to Forbes magazine,...
Source: Reuters | By: Lawrence Delevingne