Diversified Financials Capital Markets

  • LONDON, Sept 26- Hedge fund firm Brevan Howard, one of Europe's largest, will cut its main fund's management fee to zero for new investors, a source close to the matter told Reuters. The $14.5 billion main fund, which has suffered back-to-back annual losses, joins a string of other hedge funds in lowering fees as they battle to woo investors. Multi-manager hedge fund...

  • SINGAPORE/ HONG KONG, Sept 26- Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, sources told Reuters, as a slowdown forces western banks to cut costs. Some bankers handling client coverage and deals will be made redundant, starting this week, with cuts expected in Hong Kong, Singapore and Japan, BofA's big...

  • JOHANNESBURG, Sept 26- South African fixed-income asset manager Futuregrowth has lifted a suspension on buying the bonds of state-run Land Bank subject to amendments, it said on Monday. Its decision to lift its ban on buying the debt of Land Bank, a major lender to farmers, follows an "extensive review of the governance and investor protection mechanisms,"...

  • LONDON, Sept 26- Hedge funds have become increasingly bullish about the outlook for gasoline prices even as they have become more cautious the prospects for heating oil this winter. Hedge funds are net short of heating oil futures and options for the first time since April, according to position data published by the U.S. Commodity Futures Trading Commission.

  • Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia in response to a slowdown in activity in the region.

  • *Hong Kong, Singapore, China likely main sites. LONDON, Sept 23- Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. It will be left with slightly more than 200 bankers across Asia.

  • RIO DE JANEIRO, Sept 23- Brazil's state-owned oil producer Petrobras agreed to sell 90 percent of a natural gas pipeline unit to a group led by Canada's Brookfield Asset Management Inc for $5.2 billion, the companies said on Friday. The investor group includes two sovereign wealth funds, China's CIC Capital Corp and Singapore's GIC Private Ltd..

  • GOLDMAN SACHS CUTTING NEARLY 30 PERCENT OF 300 INVESTMENT BANKING JOBS IN ASIA EXCLUDING JAPAN- SOURCES.

  • LONDON, Sept 23- Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China, where Goldman's main Asian offices are located, they added.

  • MOST OF GOLDMAN' S ASIA INVESTMENT BANKING CUTS LIKELY TO BE IN HONG KONG, CHINA AND SINGAPORE- SOURCES.

  • NEW YORK, Sept 23- World stock indexes edged lower on Friday, pulling back after recent gains fueled by optimism that the U.S. "There is some consolidation after the very active and positive week for stocks based on news flow from the central banks," said David Donabedian, chief investment officer of Atlantic Trust Private Wealth Management. Europe's STOXX 600 was...

  • *Ontario Teachers cuts allocations to 10 funds- sources. LONDON, Sept 23- Canada's third-largest public pension plan has halved the number of computer-driven hedge funds in its investment portfolio and put more money into the funds its sticking with, sources with knowledge of the matter told Reuters. Ontario Teachers' allocates $11.4 billion to hedge funds,...

  • *No further cuts seen from Bank of England this year. LONDON, Sept 23- Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central bank policy loses its potency, Pimco's bonds CIO said on Friday. Federal Reserve would raise interest rates, and that the Bank of England would not have to cut rates again...

  • Sept 23- Brazil's state-run oil company Petroleo Brasileiro SA agreed to sell 90 percent of its natural gas pipeline unit for $5.2 billion to a group of investors led by Canada's Brookfield Asset Management Inc, the companies said on Friday. The consortium includes sovereign wealth funds CIC Capital Corp of China and GIC Private Ltd. of Singapore.

  • MOSCOW, Sept 23- Russian investors were cut off and foreigners were given priority in Russia's sovereign Eurobond top-up of $1.25 billion, Andrei Solovyov, head of debt capital markets at VTB Capital, told Reuters. The deal was solely arranged by VTB Capital, and asset management investors bought around 51 percent of the issue, with the rest split between hedge...

  • SYDNEY, Sept 23- Australia's top two pension funds have made a joint indicative offer to buy a majority stake in the country's biggest electricity network, a month after bids from Chinese and Hong Kong interests were rejected on security grounds. IFM Investors, which invests on behalf of about 30 Australian superannuation funds, and AustralianSuper made an...

  • *Committed investors see payoff from solid Asia returns. SINGAPORE, Sept 23- Having weathered almost two years of volatility spurred by a fickle Federal Reserve, most long-term investors in Asia's emerging markets barely blinked this week as the Fed once again redrew the future path of U.S. interest rates. "The idea that yields are going to be lower for longer is...

  • Sept 22- The neutral interest rate to keep the economy in balance, R-star, is in hot debate among economists and central bankers as secular stagnation seems to have driven it lower. This comes at a time when pension funds are under tremendous pressure, "Saker Nusseibeh and Eoin Murray of Hermes Investment Management wrote in a note to clients.

  • Sept 22- The Nasdaq hit a record intraday high on Thursday amid broad gains in U.S. stocks, a day after the Federal Reserve stood pat on interest rates. "The Fed probably appeared less hawkish than what the markets had expected," said Ryan Larson, head of equity trading at RBC Global Asset Management in Chicago. The probability of a November hike stands at a modest 12.4...

  • Sept 22- U.S. stocks looked set to rise at the open on Thursday, with the Nasdaq aiming at a record intraday high, a day after the Federal Reserve stood pat on interest rates. "The Fed probably appeared less hawkish than what the markets had expected," said Ryan Larson, head of equity trading at RBC Global Asset Management in Chicago. Wall Street rose on Wednesday, with the...