Diversified Financials Capital Markets

  • NEW YORK, Sept 28- Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday. A spokesman for the Justice Department declined comment while SEC representatives did not immediately respond...

  • NEW YORK, Sept 28- Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday. A spokesman for the Justice Department declined comment while SEC representatives did not immediately respond...

  • PROVIDENCE, R.I.— Rhode Island plans to scale back its investments in hedge funds by more than $500 million over the next two years, and reallocate those funds to more traditional investments with lower fees. His plan was unanimously approved by the State Investment Commission on Wednesday. The system earned about $334 million in investment gains and...

  • HONG KONG, Sept 28- Bank of America's head of South Korea investment banking Peter Kim is leaving the bank, IFR reported, citing people with knowledge of the matter, as part of the U.S. bank's move to cut some investment banking jobs in Asia. Ben Stewart, senior manager of debt capital markets and syndicate in Australia, and Niraan De Silva, head of Southeast Asia equity...

  • LONDON, Sept 28- Investors following the stock market maxim "Sell in May and go away" will be ruing that decision this year, after emerging market, Japanese and euro zone equities emerged as the biggest winners in the third quarter. U.S. equities did less well but were still firmly into gains. There are signs that the coming quarters may not be as robust, but for the third,...

  • *Spot gold fell 0.1 percent to $1,325.81 an ounce by 0109 GMT. *A perceived win by Democrat Hillary Clinton in Monday's first presidential debate gave broader support to equities. *The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the...

  • SINGAPORE, Sept 27- The head of Goldman Sachs' investment banking division in Southeast Asia, Michael Smith, is set to leave the bank, two people familiar with the matter said on Tuesday. Based in Singapore, Smith is a partner at Goldman and also heads the bank's Asian real estate investment banking team. In 2015, Goldman reduced the number of its investment bankers...

  • Sept 27- Democrat Hillary Clinton and Republican Donald Trump traded barbs and accusations on Monday in the first debate ahead of the Nov. 8 U.S. presidential election. Following is a compilation of reaction to the debate from investors, economists and financial market analysts:. JAMES ATHEY, INVESTMENT MANAGER AT ABERDEEN ASSET MANAGEMENT:.

  • *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...

  • NEW YORK, Sept 26- Perry Capital, the hedge fund firm founded by Richard Perry and Paul Leff in 1988, plans to wind down its main hedge funds, according to a letter sent to investors on Monday and seen by Reuters. "Although I continue to believe very strongly in our investments, process and team, the industry and market headwinds against us have been strong, and the...

  • NEW YORK, Sept 26- Perry Capital, the hedge fund firm founded by Richard Perry and Paul Leff in 1988, plans to wind down its main hedge funds, according to a letter sent to investors on Monday and seen by Reuters. "Although I continue to believe very strongly in our investments, process and team, the industry and market headwinds against us have been strong, and the...

  • RALEIGH, N.C.— The Latest on investors calling on North Carolina to repeal the law that limits LGBT protections against discrimination:. Pat McCrory says it's the "height of hypocrisy" for investors whom he describes as " New York hedge fund billionaires" to tell North Carolina what to do about a law that limits LGBT protections against discrimination.

  • NEW YORK, Sept 26- Pfizer Inc, which was considering splitting itself for more than two years, said on Monday it would not do so, prompting shareholders to expect more deals that could bolster its roster of new medicines. "I never saw the logic behind a split-up," said portfolio manager Les Funtleyder of E Squared Asset Management, which owns Pfizer shares.

  • LONDON, Sept 26- Hedge fund firm Brevan Howard, one of Europe's largest, will cut its main Master fund and its Multi-Strategy fund's management fees to zero for some current 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...

  • 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.