167 articles found within the last year.
Displaying results 121 - 140
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Hedge fund outflows hit record levels last year
The hedge fund industry had outflows of $158.9bn ... Outflows caused assets to decline to $1.29 trillion ... Outflows for the fourth quarter totalled $147bn, the ... The largest hedge fund outflows were experienced by ... The collapse of global equity markets, a record ... "Panic selling and de-leveraging followed, combined with changes...
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News Analysis: Sarasin wins the battle for new money
Sarasin appears to be one of the biggest ... Net new money brought in by the Basel-based ... Sarasin reported SFr7.3bn flowing into the bank in ... The second half new money figure is even ... The continuing commitment to hire is underpinning the ... Sarasin position looks even rosier when compared with...
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Time to buy micro cap stocks, says JP Morgan
Rare bargains are emerging in micro cap stocks, ... The UK-listed closed-end fund has £265million assets under ... Jim Campbell, co-manager of the JP Morgan trust ... It has increased holdings in online gaming, real ... The investment trust's net asset value has outperformed...
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Hedge fund body echoes regulation calls
A powerful trade body representing the hedge fund ... The Alternative Investment Management Association said large hedge ... It added that hedge fund managers globally should ... “We want to dispel once and for all ... He spoke as politicians and regulators seek to ... Many policy makers see hedge funds, and particularly...
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Comment: CDS market draws unjust fire
Warren Buffett called derivatives weapons of mass destruction, ... A barely regulated market that swelled to notional ... To be sure, some fine-tuning is necessary. Limits ... But the CDS mayhem predicted after the collapse ... The signs are not encouraging. Draft US legislation...
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Assets evaporate at Legg Mason’s high net worth division
The extent to which a wealth manager can ... In just three years, Florida-based Private Capital Management ... As a result, the unit has made some ... Sherman last week waived a $68.4m payment that ... Private Capital Management cut 15% of its 40 ... The cuts were implemented as Legg Mason announced...
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Credit Suisse versus UBS
Credit Suisse versus UBS has always been one ... Credit Suisse is putting together a credible challenge ... Credit Suisse has done well at keeping inflows ... Supporters say the fourth-quarter number is an aberration ... UBS suffered its worst year ever managing the ... “UBS will need to show that it has...
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GLG assets fall 39% following market upheaval
GLG Partners, a publicly traded asset manager in ... GLG's posted $629.7m (€492.5m) in losses last year, ... Assets under management fell to $15bn for the ... GLG had net inflows of $800m in the ... But the asset manager received a $1.6bn allocation ... Bets on the market that soured amid market...
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Credit Suisse wealth results hit by clients deleveraging
Credit Suisse’s global wealth management business was hit ... New money flows for the entire year were ... Switzerland’s second largest bank said pre-tax profit for ... A spokesman said: “We are pleased with the ... He added that overall 340 relationship managers had...
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Markets 'will take a decade' to recover
Equity markets will probably remain below their previous ... Economists Elroy Dimson, Paul Marsh and Mike Staunton ... Dimson, Marsh and Staunton used data going back ... The FTSE reached its all-time high of 6,930 ... The economists, whose work has been sponsored by ... The impact on asset management companies will be...
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Banks’ latest writedown woe – their art
Ever since the Italian Renaissance in the 15th ... And modern banking is no exception. But as ... Stacey Gershon, a New York-based art adviser and ... Charles Thomson, co-founder of the art movement known ... Maybe a bank thinks it is keeping up ... Deutsche Bank, which last week reported its first...
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Callan takes leave of absence from Credit Suisse
Erin Callan, who was forced to step down ... Callan is taking a personal leave of absence, ... She joined Credit Suisse in the newly created ... The role involves working with prime services, the ... Callan had been at Lehman for 13 years ... Last June, Callan and chief operating officer Joseph...
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Credit Suisse clients urge management to repay bonuses
A group of Credit Suisse clients are demanding ... "Only about 5% of (our) members have been...
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Wealth bulletin leaders 2008: Readers pick their top managers
More than 3,000 votes were cast in our ... Daniel Truchi, chief executive of SG Private Banking ... He said: “The industry has been hit by ... Yet SG has weathered the storm and its ... However, Truchi is critical of how the wealth ... Truchi expects this to result in a period...
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Absolute luxury appears to be recession-proof
The highest echelons of the luxury market are ... “Absolute luxury” brands, which is consultant speak for ... Guy Salter, deputy chairman of British luxury brands ... Emerging market buyers are at the front of ... However, studies show the wealthy are becoming choosier...
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Private equity firms eye wealth managers
Wealth managers are in for a big shake-up ... James Fraser, head of the financial services unit ... “There is an opportunity to add real value ... Permira’s decision to play an active role in ... Jones, one of the most experienced asset managers ... Permira launched its financial division two months ago,...
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Credit Suisse repurchases some Lehman funds from customers
Credit Suisse on Sunday said it has repurchased ... "We made an offer to about 2,000 clients,"...
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Bank of America-Merrill Lynch: A $50bn deal from hell
Mergers often prove troublesome, but few have set ... Let us detail the ways. ... Only three weeks after the deal closed on ... Then there are the embarrassing revelations: that former ... It is official. In Bank of America’s acquisition ... Check, check, check, check, check and mate....
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Neuberger eyes Lehman Trust to tap HNW clients
Neuberger Investment Management has tabled a bid to ... Barclays Wealth had been eyeing the assets of...
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'Subdued' Merrill staff face up to London cuts
Staff at Merrill Lynch’s London office were “keeping ... Merrill Lynch and Bank of America will slash ... Very few staff ventured outside the main entrance ... Those that did leave the building could be ... Inside the office, visitors and staff entering from ... One member of staff on a short-term contract...
