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  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • FRENCH MAGISTRATES BASED POTENTIAL FINE ON 12.2 BLN EURO OF FRENCH NATIONALS' ASSETS UNDER MANAGEMENT BY UBS- JUDICIAL SOURCE.

  • Oct 3- Bond star Bill Gross will commence his new gig at Janus Capital Group Inc with modest needs- a trader and someone to deal with clients- as he takes over a tiny fund with the hopes of making a big splash. "It's unlikely that Janus will ever match that level of support, raising the question of how successful Gross can be with fewer resources," Morningstar Inc analyst...

  • Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Gross's surprise resignation from the firm on Sept. 26. The Newport Beach, Calif.- based fund manager said the Pimco Total Return Fund, run by Gross for 27 years who made it...

  • Oct 2- As bond traders began what they thought would be a quiet day last Friday, a simple headline crossed their screens: " William H. Gross joins Janus Capital." Several asset managers and traders wondered whether the news was about Pimco's co-founder, known to most on Wall Street simply as Bill Gross, or someone else with the same name. Clients immediately started...

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. The top 50 short positions within equity long-short funds returned an average of 5.9 percent through September,...

  • UPDATE 2-Allianz CEO Diekmann to step aside in May Thursday, 2 Oct 2014 | 11:02 AM ET

    FRANKFURT, Oct 2- Allianz will replace its chief executive earlier than expected, promoting insider Oliver Baete from May as the insurer seeks to restore order at Pimco, its U.S. funds business beset by investor and executive defections. Baete, 49, had been seen as front runner for the job, and is currently serving as Allianz's board member for insurance...

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. Short hedge funds returned an average of 5.9 percent through September, Credit Suisse wrote, on pace for 490 basis...

  • *JPMorgan is top-ranked bank for fees. LONDON, Oct 2- Increased deal activity in the first nine months of the year has netted investment banking advisers $68.8 billion in fees, 13 percent more than they earned a year earlier, new data showed on Thursday. The end of the third quarter featured Chinese e-commerce company Alibaba's $25 billion initial public offering,...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • European shares hit five-week low; eyes on ECB Thursday, 2 Oct 2014 | 4:10 AM ET

    *Allianz slips as Pimco suffers massive outflows. PARIS, Oct 2- European shares fell in early trading on Thursday, with a benchmark index hitting a five-week low as soft global manufacturing data prompted investors to cut equity holdings worldwide. Shares in Allianz fell 0.4 percent, adding to recent sharp losses, after the firm's asset management unit Pimco...

  • LONDON, Oct 2- Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them. Gross's flagship Pimco Total Return Fund lost money every month from May last year, totalling nearly $70 billion by...

  • Oct 1- Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the firm. The Newport Beach, Calif.- based fund manager said the Pimco Total Return Fund, which was run by Gross for 27 years, is "...

  • Schorsch's RCS Capital adds to private-REIT arsenal Wednesday, 1 Oct 2014 | 4:57 PM ET

    NEW YORK, Oct 1- RCS Capital Corp, which has amassed an army of almost 10,000 independent brokers in just over a year, said on Wednesday it is buying a firm that manages private real estate investment trusts for retail investors. RCS, whose executive chairman is Nicholas Schorsch, will pay at least $700 million in cash or stock and debt to buy Cole Capital from...

  • LONDON/ BOSTON, Oct 1- Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday. Caxton and Goldman Sachs were not immediately available for comment. In addition to Caxton, Goldman Sachs has made investments with...

  • WASHINGTON, Oct 1- Two state Republican parties filed an appeal on Wednesday after a lower court dismissed their complaint against a U.S. Securities and Exchange Commission rule that restricts campaign contributions by asset managers.

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • FRANKFURT, Oct 1- German insurer Allianz, still smarting from the sudden resignation of Bill Gross, founder of its Pimco asset management unit, is expected to break its own age rules by extending the contract of Chief Executive Michael Diekmann on Thursday.

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale in court. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.