Latest Other Financial Markets News In Brief

Bloomberg reports that Nomura has cut around 50 jobs in its investment banking unit in Asia (excluding Japan), or around 2% of the total headcount in the region.

The Guardian reports that Jupiter and New Star Asset Management founder John Duffield is planning a new comeback. According to the newspaper, Duffield, 69, has hired office space in London's West End, and registered the trade name 'Hyde Park Asset Management'.

And Bloomberg reports that UK stockbroker Panmure Gordon has sold a 40% stake in its business to private equity firm BlueGem for $26m.

The New York Post reports that hedge fund Highland Capital is thought to have brought in a mediator to help resolve a spat with investors who are concerned about who will get what as the firm winds down its flagship Highland Crusader Fund.

Finally, Reuters reports that the Obama administration is to reveal some sensitive details of the results of the stress tests applied to 19 of America's largest banks. The details will be released some time in May.

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