180 articles found within the last year.
Displaying results 161 - 180
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Bank of Montreal posts lower profit at private client unit
Bank of Montreal, Canada’s fourth- biggest bank, said ... The division, which comprises brokerage, investing services and...
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News analysis: Shorting is not the problem for Citigroup
As Citigroup became the focus of fevered speculation ... Vikram Pandit, the bank's chief executive, quickly called ... In a statement released on Thursday last week, ... Cox said: "In addressing turbulent market conditions, it ... However, the latest market data from dataexplorers.com, which...
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The black swan survival guide
For a man who spends his waking hours ... “The stock market is an indication of instability ... As founder of the Asymmetric Threats Contingency Alliance, ... It may sound like science fiction but consider ... The black swan has become an emblem for ... Matai uses the term “asymmetric risk” to convey...
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Alliance funds drop by 60%
Funds managed under AllianceBernstein’s growth and value equities ... The US manager’s global value and global growth ... Investors cite the asset managers’ bets in financials ... The underperformance across both value and growth will ... A spokesman for the company declined to comment...
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Morgan Stanley prime brokerage head in Asia to depart
Kurt Baker, the head of Morgan Stanley's prime ... Baker's departure comes a week after Morgan Stanley ... It said it would reduce 10% of its ... The firm has already cut about 10% of ... Since June 2007, the bank has cut around ... Morgan Stanley's prime brokerage, one of the two...
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Lehman asset management spin-off launches amid the gloom
An asset management firm spun off from Lehman ... TOBAM, which was born out of the former ... The company agreed terms of the management buyout ... If TOBAM wins a mandate from the northern ... The company said it has an anti-benchmarking approach, ... It believes this risk premium is best captured...
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Dow falls below 8000 as Citi swoons
Stocks slid to fresh lows since the mid-September ... Investors can't find a stock sector that's safe, ... All those frustrations were evident Wednesday as the ... Stocks were hammered by fresh signs of the ... The Dow Jones Industrial Average plummeted 427.47 points, ... The industrials have fallen in eight of the...
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Record demand for gold as investors seek safe haven
Dollar demand for gold rose 45% in the ... Figures released by the London-based World Gold Council ... Retail demand was particularly strong, rising 121% to ... Demand was so strong in the third quarter, ... ETF demand piled into 150 tonnes in the ... In contrast, hedge fund sales of gold to...
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Confidence in structured products falls
The credit crisis and the demise of Lehman ... Dealers say issuance volume in Europe has dropped ... With an unknown recovery value on its debt, ... European retail investors bought €270bn ($337bn) in structured ... Structured products sold by banks to retail investors ... The biggest portion of the retail market today...
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Private clients boost demand for ETFs
Spooked by complicated and often expensive financial products, ... No more has this been the case than ... Otto Kober, head of research in Switzerland for ... He said: “Demand for ETFs has been strong, ... Swiss bank ETFs experiencing biggest demand, according to ... ETFs are investments traded on stock markets. Most...
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RAB Capital wields axe on product range
RAB Capital is taking a scythe to its ... A spokesman for the $2.8bn (€2.2bn) asset manager ... But it is understood that victims of the ... RAB is also closing down three small regulated ... In a statement today the London-listed manager said ... After its announcement, RAB's share price rose 27.5%...
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Credit Agricole posts lower earnings at private banking unit
Credit Agricole on Thursday reported a 27% decline ... Overall, France's third-largest bank by market capitalisation reported...
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Gottex joins line of managers suspending withdrawals
Two funds of hedge funds have this morning ... Gottex has said it has temporarily suspended redemptions ... A spokeswoman for Gottex said suspending withdrawals was ... Gottex said: "The temporary suspensions are driven by ... "In the past few months, liquidity has dried...
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UK stockbroker hires a dozen to defy downturn
Oriel Securities, the UK stockbroker founded in the ... Lexa Hunt joins the company as finance chief ... Oriel has also made 11 hires in its ... There were also seven analyst hires in the ... Hector Forsythe has joined from Evolution Securities and ... Morten Singleton will focus on technology media and...
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Hedge fund winners in a year of turmoil
Big may not always be better, but for ... However, an investor document seen by Financial News ... Nicola Ralston, co-founder of investment consultants PiRho Investment ... The fact that only 18 of 79 large ... The fate of funds run by the largest ... John Godden, founder of consultancy IGS Group, said...
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Hedge funds navigate maze of redemptions
Millionaire hedge fund manager Andrew Lahde might have ... Admittedly, at the time of his speech, nine ... The disappearance of incentive fees, the reduction of ... Tom Brown, European head of investment management at ... However, as cash-strapped managers seek to survive, a...
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Banks face 50% drop in hedge fund fees
The decline in the hedge fund industry will ... The closure of hedge funds, withdrawals by investors ... Huw van Steenis, head of banks and financials ... Hedge funds were among the most important customers ... In the boom years, when hedge funds grew ... BNP Paribas bought Bank of America’s prime brokerage...
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US asset managers turn to London to open latest offices
Three US asset managers have opened sales offices ... That is less to do with the UK’s ... The Kansas City-based investment house American Century Investments ... Green said: “In the US, out of the ... “In the current environment asset managers that are ... Despite only being on the ground for a...
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Citi's wealth business looks fit despite credit crisis
Citigroup is not an obvious winner from the ... Revenues for Citi Global Wealth Management in Europe, ... Charrington said the fact Citigroup was hit by ... He said: “We have seen a lot of ... Globally, Citigroup’s wealth management business brought in $3bn ... In the UK, Citigroup has seen inflows to...
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Managers face uphill struggle on valuation
Portfolio valuation has become one of the most ... The fear this generated in the market at ... It said it planned to visit banks and ... Sean Morgan, business development director at software vendor ... While more than 80% of those interviewed said ... It is difficult to generalise and the level...
