47 articles found within the last year.
Displaying results 21 - 40
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Five more who saw it coming...
Nouriel Roubini, Nassim Taleb and Robert Schiller are ... Financial News lists five more individuals – two ... Below is a summary of their thoughts pre-crisis ... • Raghuram Rajan, professor of finance, University of ... In a now-infamous 2005 meeting of economists in...
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Investors stay cautious on hedge funds
The number of investors withdrawing their investments with ... Morgan Stanley has published a report called 'Wholesale ... If the US bank’s estimate is correct, this ... Huw van Steenis, head of European banks and ... He said: "We see a material slowing in ... Van Steenis added that a "dramatic" deceleration of...
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Comment: Don't look down
Climbers scaling a mountain frequently suffer the temptation ... At this point, Sheikh Mansour's footwork is rather ... Taking a broader view, markets across the world ... Neil Woodford, Invesco Perpetual's star equity manager, admits ... Woodford said there were still stocks, such as...
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Peers call for agencies to 'eat what you rate'
A heavyweight committee of UK Parliamentary peers has ... According to the House of Lords Select Committee ... The move echoes legislation by the European Commission ... A spokesman for ratings agency Standard & Poor's, ... The report also found that the Bank of ... This comes despite finding that the Bank of...
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Derivatives market full of speculation over Berkshire bet restructuring
There has been feverish speculation in recent weeks ... The revised bet envisages a 15% rebound in ... This means that the probable risk of loss...
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GLG amends debt covenants as assets fall $1bn
Mixed performance in the investment strategies of GLG ... Assets under management at the group fell from ... The majority of the decline was down to ... Strong performance in its alternative investment strategies during ... GLG’s alternative strategy funds returned 4.4% in the...
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Grantham predicts bull run will build
Jeremy Grantham, the co-founder US asset manager GMO, ... In his latest strategy note, Grantham wrote: "We ... "My guess is that the S&P500 is quite ... The S&P has risen from 810 to 912 ... Grantham’s bullish view, the result of the unprecedented ... However, he warns that this will not be...
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Och-Ziff posts $81m net loss as funds start to recover
Och-Ziff Group, one of the largest listed alternative ... Net losses widened to $268m over the past ... Daniel Och, the chairman and chief executive, said ... Assets under management fell 16% from $27bn at ... At of the start of May, assets under ... Redemptions undermined revenue generated from management fees....
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Investors flock to complex loans 'fire sale'
Demand for high-rated complex loan products, which became ... Whistlejacket, a structured investment vehicle that went bust ... The forced sale of the $2.5bn portfolio achieved ... According to a report published yesterday by Citigroup ... Michael Hampden-Turner, credit strategist at Citigroup in London,...
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BofA shareholders vote out Lewis as chairman
Kenneth Lewis has been ousted as chairman of ... Following its four-hour annual meeting, the largest US ... The vote represented the first instance of a...
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Asset managers boldly go to new frontiers
The exploration of space, the final frontier, is ... Describing the lengths managers will go to looking ... Halbis, the active fund management arm of HSBC ... However, the voyage to these new frontiers, previously ... Strong emerging market performance in Brazil, Russia, India...
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Inflation about to be unleashed, says economist who called the crunch
Tim Lee, an independent economist who predicted the ... Lee said he expects the US stock market ... He previously suggested that a move by the ... In a note on Friday, Lee said: "[The] ... Lee, an Englishman who runs Pi Economics from ... He believes the only bullish case for equities...
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Smith Barney to end exclusivity contract with Legg Mason
Smith Barney has ended its three-year exclusive distribution ... A Legg Mason spokeswoman said the agreement had ... A source familiar with the situation said the ... Smith Barney, a brokerage in which Morgan Stanley ... Miller’s Legg Mason Value Trust fund is down ... An analyst report from investment bank Keefe, Bruyette,...
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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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Managed futures weather the storm
“Of all the ways to lose money, why ... Twenty-one years later, the grandson in question – ... He said: “It was not hard to make ... Good returns this year have renewed investor interest ... The strategy, which aims to spot market trends ... Managed futures tend to perform less well in...
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Flying high, cautiously
Nearly a decade ago, when he heard the ... "There are many ways to regain control of ... Last year, his Argonaut Aggressive Global Partnership fund, ... That was hardly an outlying performance. The New ... Global macro funds search for investment trends in ... This is a big factor driving the fund's...
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US millionaires nurse wounds as assets slide
Millionaires in the US each lost nearly a ... The value of assets at US households worth ... Almost one fifth of the 750 respondents to ... US stocks plummeted last year and by the ... The study found that 36% of millionaires polled ... Catherine McBreen, a managing director at Spectrem, added:...
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Study uncovers large inconsistencies in Madoff investments
Documents showing details of Bernard Madoff's funds highlighted ... A study of the documents by New York ... The report said the "small steady consistent returns" ... Madoff bought shares in about 50 large US ... Infovest said: "It is implausible that the S&P...
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Cerberus halts redemptions from flagship fund
Cerberus Capital Management has halted redemption requests at ... The move, disclosed last week in a letter ... After being primarily flat through the end of...
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UK advisers favour US equities over emerging markets
Over half of UK advisers recommend investing in ... The bank said “with US valuations at their ... Clare Hart will manage the JP Morgan ... Jasper Berens, head of UK retail sales at ... He added that UK advisers and investors have ... US valuations are particularly attractive at present, having...
