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Diversified Financials Capital Markets

  • *Egypt's blue chip index slips but broader market firm. Egypt's main index pulled back but foreign buyers continued to hunt for bargain buys, lifting the broader index. Hesham Tuffaha, vice president of asset management at Riyadh- based Mulkia Investment, said banks were supported by positive news on the sector over the last month.

  • Belgium, Italy and Spain see spike in hedge fund take-up. By Abhinav Ramnarayan and Helen Reid. LONDON, Nov 21- Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach.

  • *Oil hits three-week high on OPEC prospects, weaker dollar. *Copper up on expectations of more China demand. "The post-election rally is continuing," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

  • LONDON, Nov 21- Hedge funds have taken a more cautious stance on oil prices amid a flurry of diplomatic activity aimed at securing a production-limiting deal among OPEC members by the end of the month. The funds cut their combined net long position in the three major Brent and West Texas Intermediate futures and options contracts by just 3 million barrels to 422...

  • *Belgium, Italy and Spain see spike in hedge fund take-up. LONDON, Nov 21- Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach. A populist revolt that propelled Donald...

  • NEW YORK, Nov 18- Hedge fund managers were largely united in their dislike for Donald Trump before the election. "Investors... were over-weighing the negatives of his unpredictability as a potential President and they were under-valuing how positive from a policy perspective him with a Republican Congress would be for the markets," said Jason Karp who runs $3.8...

  • NEW YORK, Nov 18- Hedge fund managers were largely united in their dislike for Donald Trump before the election. "Investors... were over-weighing the negatives of his unpredictability as a potential President and they were under-valuing how positive from a policy perspective him with a Republican Congress would be for the markets," said Jason Karp who runs $3.8...

  • Nov 18- The Financial Industry Regulatory Authority said the U.S. Securities and Exchange Commission had approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers. The SEC also approved a similar plan by the Municipal Securities Rulemaking Board, which regulates municipal...

  • Nov 18- Brookfield Asset Management Inc proposed on Friday to take a 50-60 percent stake in bankrupt solar company SunEdison Inc unit TerraForm Power Inc, a week after it expressed interest in buying the "yieldco." The cash offer of $13 for class A and class B shares of TerraForm Power is nearly in line with the class A stock's Thursday close of $13.01.

  • Nov 18- Brookfield Asset Management Inc proposed on Friday to take a 50-60 percent stake in bankrupt solar company SunEdison Inc unit TerraForm Power Inc, a week after it expressed interest in buying the unit. The cash offer of $13 for class A and class B shares of TerraForm Power is nearly in line with the class A stock's Thursday close of $13.01.

  • *Poland denies reported plan to move pension assets to state fund. But the market turned around partly as Poland rebounded, and also due to a rally in the dollar losing steam and U.S. State news agency PAP reported that Poland's labor ministry had proposed moving private pension fund assets worth up to 147 billion zlotys into a state fund, effectively putting some...

  • BUDAPEST, Nov 18- Warsaw led a fall of Central European stocks and long-term bonds as a Polish plan to move pension fund assets into a state fund rekindled worries over a rise in state influence on companies. Treasuries yields, which has curbed demand for assets in emerging markets since Donald Trump's shock victory at U.S. presidential elections on Nov. 8.

  • LONDON, Nov 18- Britain's financial markets regulator said on Friday it planned to overhaul the way the asset management operates to ensure both retail and institutional investors get value for money. The regulator flagged widespread concern about the performance of actively managed funds relative to the fees charged, the level of competition in the...

  • LONDON, Nov 17- The rise in U.S. Federal Reserve likely to tighten at a faster pace than the market has priced in, Larry Hatheway, group head of GAM Investment Solutions, said on Thursday. Speaking at the Reuters Global Investment Outlook Summit in London, Hatheway said the market needed to price in another two rate hikes from the Fed over the next 12-18 months, making...

  • NEW YORK, Nov 17- The stock rally in financial stocks since the U.S. presidential election may slow down if the new administration fails to cut red tape for big banks, a top UBS Group AG asset management executive said on Thursday at the Reuters Global Investment Outlook Summit in New York. The rally that has broadly driven the S&P 500 Financials Index more than 13...

  • NEW YORK, Nov 17- Two weeks before the U.S. presidential election, half of wealthy investors were so fearful of turmoil in the stock markets that they either pulled some of their money out or moved it into more conservative investments, according to a survey by UBS Wealth Management Americas. Roughly a third of people increased cash holdings, and missed out on one of...

  • Investec, which is listed in both Johannesburg and London, has been offloading assets including its mortgage lending division in Britain to focus on asset management, investment banking and wealth management. Investec reported a 20 percent rise in diluted headline earnings per share to 24 cents, putting its shares on course in both London and Johannesburg...

  • China Great Wall said in December last year it planned to list in Hong Kong or mainland China in the first half of 2017.. After the fundraising, the company will prepare for listings both in Hong Kong and on the mainland China, he said. Presently, China has two Hong Kong- listed asset management companies, which are China Huarong Asset Management Co Ltd and China Cinda...

  • SINGAPORE, Nov 17- Bonds are in for a tough ride in the first half of 2017 as U.S. President-elect Donald Trump's plans to boost fiscal spending could stoke inflation around the globe, a chief investment officer at UOB Asset Management said on Thursday. UOB Asset Management in Singapore manages a total of S $15.2 billion across its equities, fixed income and...

  • NEW YORK, Nov 16- Protege Partners is planning to provide funding to new hedge funds next year at a time many investors are pulling away from the industry and new managers are eager for cash to start their businesses. "We hope to do multiple seeds next year," Protege's chief investment strategist Michael Weinberg said on Wednesday at the Reuters Global Investment...