258 articles found within the last year.
Displaying results 241 - 258
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Asset managers set to cut more jobs
The pain shows no sign of abating. Asset ... The biggest managers, such as State Street, Fidelity ... To return to last year’s profitability levels, managers ... “Also, bonus pools can decline only so much ... The consultants predicted job cuts next year would ... The report found asset managers that are subsidiaries...
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Emerging markets drive investor optimism
A 46% plunge in the value of world ... Only 22% of the fund managers viewed equities ... He said: "Fund managers remain bearish overall towards ... HSBC's results chimed with other recent indicators that ... Three-quarters predicted corporate earnings will deteriorate next year....
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Hedge fund legend targets the wealthy with sustainable investment boutique
City veterans Stanley Fink and Rufus Warner have ... Earth Capital Partners, which boasts Fink as chairman ... It is aiming to raise assets under management ... He said the company will invest in projects, ... Warner, who was chief executive at London-based Close ... Earth Capital will establish investment operations in infrastructure,...
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Remuneration question hangs over New Star
Questions were last night growing over the ability ... New Star yesterday announced a deal with its ... The deal includes provisions for a new remuneration ... Analysts said last night that the new scheme ... Hargreaves Lansdown, one of the largest financial advisers ... Remuneration at New Star, famous for its star...
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Duffield takes almost £1m paper hit as FSA rebuffs suspension request
New Star’s senior management suffered hundreds of thousands ... Shares in New Star Asset Management plunged by ... The fund house announced this morning that it ... New Star also revealed this morning that it ... John Duffield, founder and chairman of New Star, ... However, today's losses pale in comparison to the...
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Marginal trading defies market logic
Here is one for historians. What was the ... The Somerset company’s share price started that day, ... But it turned out that the share price ... The lesson in how market prices are set ... One thing you can be sure of is ... So, it may be true, as Newton Investment ... Equally, as Investec Asset Management points out, the...
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Credit crisis is not worst in history
The financial crisis, which is being felt in ... From peak to trough, global equities fell 54% ... From its peak at the end of October ... Marsh said: “You might well argue that the ... But the bear market of the Great Depression ... In dollar terms, the MSCI World index fell...
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UK funds drop 11% in October
The UK's fund management industry, which is the ... Withdrawals from institutional clients dwarfed those from retail ... Richard Saunders, chief executive of the IMA, said: ... Nevertheless, for the industry as a whole, the ... During the past 12 months, the total assets ... The most popular of the IMA's fund sectors...
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News analysis: Shining a light into Woolies' £150m pension hole
The entry of UK retail chain Woolworths Group ... In a brief glance at Woolworths' most recent ... However, in reality, the deficit is likely to ... Woolworths has a final salary scheme that is ... But the company's entry into administration this morning ... It also means the companies that run the...
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HSBC's Deseglise joins Brazilian boutique
The Brazilian investment house founded by André Esteves, ... Deseglise joins BTG, or Banking and Trading Group, ... Other staff include former members of Banco Pactual, ... Most recently the firm acquired a portion of ... BTG currently manages approximately $600m in proprietary assets...
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Comment: Gearing works two ways
With hindsight, the decision of UK asset manager ... Taking account of cash on its balance sheet, ... In effect, the banks have given up rights ... In return, according to sources close to the ... The debt does not need to be paid ... New Star is fighting to save costs where ... A spokesman for New Star declined to comment....
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All in the mind: the art of successful investment
Asset managers are supposed to be less prone ... Yet according to Mike Ervolini, founder of Cabot ... Ervolini founded Cabot three year ago. The company ... He said: “Most thinking happens unconsciously. We help ... Shortly after founding Cabot, which advises 12 funds ... Terrance Odean, a professor of banking and finance...
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Asset managers support bank pay
Despite criticism of bankers' pay by some investors ... In a report yesterday, Pirc noted that: "No ... Directors at Barclays, HBOS, Lloyds and Royal Bank ... Pirc did point out, however, that fund managers ... According to publicly-available voting records, at least one...
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HSBC Asset Management replaces emerging markets chief
Christian Deseglise, the high-profile head of emerging markets ... Deseglise, who will be succeeded by Sylvia Coutinho, ... His role did not involve frontline portfolio management ... Coutinho, a former Citigroup executive who joined HSBC ... It has profited from a period of strong...
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Asset managers face covenant woes
Some of the world’s largest asset managers may ... Janus Capital, GLG Partners, Legg Mason, Fortress and ... The fear over debt marks a watershed for ... The report said: “The extreme stress in the ... Asset managers’ debt conditions tend to be tied ... But companies would renegotiate the terms on their...
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Redemptions tipped to hit $1 trillion this year
Redemptions from hedge funds and mutual funds are ... Empirical estimates that between $650bn and $700bn will ... Max King, a strategist with Investec Asset Management, ... He pointed to Merrill Lynch’s survey of fund ... Bill O’Connell, a US strategist at UBS, said ... Investec’s King said patient investors who took a...
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JP Morgan bolsters Emea transition team
JP Morgan Investor Services has relocated six former ... Mike Gardner, the former head if Bear Stearns’ ... Jody Windmiller, who left a senior position within ... The appointments come as JP Morgan’s transitions team ... John Minderides, global head of JP Morgan's transition...
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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...
