261 articles found within the last year.
Displaying results 1 - 20
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Citi Private Bank hires head of investments for North America
Citigroup Private Bank hired Steve Bodurtha from Bank ... In the newly-created position, Bodurtha will be responsible ... He will report to both Peter Charrington, chief ... Bodurtha, who will also hold a managing director ... His addition comes as the private bank has ... In April, Citi named Jane Fraser as chief...
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London & Stamford profits up but still 'cautious'
Aim-listed London & Stamford, which has been one ... The company, which was founded by veteran investors ... The company raised £248m when it listed on ... Mould, the non-executive chairman of the company, said ... Mould said: "There are tentative signs of recovery...
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Who are the financial players in Forbes' 'most powerful' list?
Two financial chief executives enter the top 20 ... The magazine compiled a list of 67 people, ... The following statments are extracts from Forbes, the ... 16. Larry Fink, chief executive of BlackRock ... The firm will double its assets under management ... “On permanent speed-dial at the US Treasury; surprisingly...
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Gam shares leap 5% on asset rise result
Shares in asset manager Gam Holding, which broke ... Gam Holding, which split from Julius Baer at ... The company's assets under management stood at Sfr113bn ... The rise in assets over the four months ... Both businesses reported net inflows into fixed income ... The company added that it plans to pay...
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How to get a job in fund management
While UK unemployment hit 2.46 million last week, ... Sentiment began to shift in the summer, they ... There is still much caution around, but one ... September’s City attitudes survey from the Confederation of ... The report’s authors wrote: “These changes are surprising,...
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Cohen launches ethical property vehicle
Bridges Ventures, a socially-driven private equity firm, chaired ... Bridges has raised £26m (€29m) and hopes to ... "This builds off Bridges Ventures' experience in regeneration. ... The firm, which targets investments that will have ... The fundraising has come as the firm eyes...
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Broker's World: McCann's UBS may look different over time
UBS is beginning to untangle a strategic direction ... His challenges are to quickly stanch client money ... Over the past year, the other major brokerages ... "We all know [McCann] has to have a ... In an internal memo sent to brokers Monday, ... In the memo, he announced his new management...
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Norway fund has 'best ever quarter'
The giant Norwegian Government Pension Fund, one of ... Norway's central bank, Norges Bank, which manages the ... It also stated that it now owns 1% ... However, the fund's executives also said that its ... Also, in equities, the fund's report said it ... At a press conference unveiling the report, senior...
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Guest comment: A vision for the future of the asset management industry
It is hard to believe that just over ... This seat at the table is important. So ... A seat at the pensions table enabled the ... The Working Group looked at the whole field ... Our industry’s retail client proposition is muddled by ... There are opportunities to simplify products for consumers...
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UK managers urge Government action on offshore domiciles
The UK’s asset management industry has urged the ... Although asset managers in London and Edinburgh oversee ... A UK industry working group, convened by Chancellor ... Robert Jenkins, chairman of the Investment Management Association ... He said: “Fund taxation policy has not been...
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Balancing act pays off for funds
During the ravages of the financial crisis last ... Markets across borders and asset classes fell in ... In the three months to the end of ... The best performers of the third quarter this ... The worst performing funds were ones managed ... Balanced fund managers highlight their asset allocation when...
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Swedes rewrite directive to remove hedge fund leverage cap
The Swedish Government, holder of the European Union's ... A copy of the Swedes' proposed redrafting, submitted ... Instead, it would empower competent authorities - which ... The Swede's proposal has deleted the passage in ... A source in the hedge fund industry close ... Poul Nyrup Rasmussen, president of the Party of...
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Fund managers use 'fresh pot of money' to return to full-time hiring
The asset management industry has returned to the ... Asset managers have become cautiously optimistic since September ... Alex Hindoian, senior recruitment specialist at Investit People, ... "This was not the case for most of ... In July, Financial News reported that some of...
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Veteran funds trio joins wealth manager
UK wealth manager St James’s Place has added ... Vivian Bazalgette, the former chief investment officer at ... Bazalgette and Dunscombe will have the job of ... The group contracts out the management of its ... Ralph, who will become full-time CIO, has experience ... Maia Capital was shut down in July, following...
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News Analysis: Insight cut down to size
Lloyds Banking Group is keeping £42bn (€47bn) of ... Lloyds unveiled the plans for its asset management ... However, the underlying staff numbers, also announced yesterday, ... Of the remaining staff, 120 are losing their ... According to a source familiar with Insight's strategies,...
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LGIM assets swell to record high
The funds arm of UK insurer Legal & ... Legal & General Investment Management's assets stood at ... The funds arm continued to enjoy positive flows ... Over the first nine months of the year, ... The news of strong demand for its bond ... Other managers are talking with investment consultants about...
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Nemesis hires former Lehman Brothers funds head
London boutique Nemesis Asset Management has hired the ... Robert Sargent joined Nemesis Asset Management’s office in ... Sargent was most recently head of asset management ... Before joining Lehman Brothers, he worked at Morgan ... Sargent said: “With the worst of the global...
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Rasmussen has a point on alternative fund managers
Poul Nyrup Rasmussen, leader of the Party of ... He appears to dislike hedge fund and private ... The directive would impose a permanent limit on ... Their wish is based on a sensible idea: ... The socialists want to increase the burden on ... Again, the idea, as far as it goes,...
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Balanced funds buoyed by best returns in 34 years
Fund managers running balanced mandates – multi-asset funds ... Balanced funds – once the investment of choice ... The best-performing fund managers during the quarter were ... However, over the longer term, the best-performing balanced ... Balanced managers have been steadily increasing equities allocations...
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Fund managers' risk appetite on the rise
Risk appetite among traditional fund managers in Europe ... UK funds house Schroders polled 90 asset and ... The results were in stark contrast to findings ... Richard Mountford, head of global intermediary at Schroders ... He said: “Risk appetite has returned to markets...
