Tuesday's Headlines: Broker Jobs Moving to Asia

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Brokers are flocking to Asia as banks such as Barclays Capital and Citigroup hire in equities there. [WSJ]

BNP Paribas is building out its U.S. equities team. [MarketWatch]

Sharp declines in credit-default swap trading and new regulations could result in job cuts of as much as 50 percent in groups focused on the contracts. [Bloomberg]

Standard Chartered is set to hire about 1,800 people for its global trading and underwriting operations over the next three years. Revenues in those businesses look to double. [Bloomberg]

Canadian asset manager AGF Investments launched two new products specializing in emerging markets. [Toronto Star]

Hedge Funds are courting Chinese investors in an effort to raise assets, according to the Alternative Investment Management Association, the industry's largest trade group. [Businessweek]

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