303 articles found within the last year.
Displaying results 21 - 40
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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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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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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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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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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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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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Whittaker departs as New Star tackles underperformance
New Star Asset Management has revealed that its ... The group confirmed Whittaker's departure in a statement ... Whittaker also manages New Star’s UK Growth Fund, ... In addition, Tim Steer, manager of the New ... Skandia Investment Group, the UK fund of funds ... John Duffield, New Star's chairman, said: "Our overwhelming...
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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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Asset management implosion to get worse
Equity analysts' predictions of a collapse in the ... Last month Goldman Sachs' analysts published figures, their ... Shortly after these figures were published, Morgan Stanley ... UBS' analysts said in a note today: "We ... The asset management industry is suffering from declines...
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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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Gold loses allure but is tipped to rally next year
Investors might have lost their appetite for gold ... Stephen Walker, head of global mining research at ... He is supported in his view by colleague ... He said: “We expect a good performance from ... Esterhuizen’s enthusiasm is backed by optimistic forecasts from ... Speaking at a conference on gold hosted by...
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Investors lose confidence in reits after index crash
It turned out to be just eight months ... Now reits, which straddle both the direct property ... In common with the UK stock market, October ... The turmoil in reits’ share prices was accompanied ... Patrick Sumner, head of property equities at Henderson ... “At the same time, hedge funds were shorting...
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New Star renegotiates loans as assets fall
New Star Asset Management, the London-based funds house ... The company has renegotiated terms on its loan ... Daniel Garrod and Haley Tam, analysts at Citigroup, ... They estimate that New Star's interest payments on ... Research by institutional stockbroker Arden Partners in September...
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Hiring outpaces firing for fund managers
More asset managers are hiring than are firing ... FS Associates, a US management consulting firm focused ... The findings contrast job cuts, announced or being ... Nina Gilbert, founding partner of Fisher Barrie, a ... “On the retail side, including multi-manager, there is...
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Fraser completes his revamp at UBS
The market has not always been kind to ... It began reducing its reliance on value investing ... John Fraser, chairman and chief executive of UBS ... Fraser, 57, and once a senior civil servant ... “The extent to which we underperform in pensions, ... Fraser reacted to the 2005 fall-off in his...
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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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New Star’s Miller joins SilverStreet
Alan Miller, the former chief investment officer of ... Miller will be joining the $600m (€470m) boutique ... He will also be involved in manager selection ... Vaughan-Smith said the company’s fund had held up ... Miller, who left New Star in February 2007, ... Miller and Vaughan-Smith are old acquaintances from their...
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Schroders to cut up to 50 jobs
London-based fund manager Schroders is the latest to ... Up to 50 jobs at the company's London ... The move echoes planned staff reductions announced this ... Schroders has expanded its retail operations in recent ... At Schroders' third-quarter results a week ago, it ... Meanwhile, the US mutual fund giant Fidelity Investments...
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ETF assets to pass $1 trillion
Assets under management in exchange traded funds will ... Speaking at Financial News' 'Investing in ETFs' conference ... She said that managers will invest in equity ... There were inflows of $5bn across the entire ... At present there is $800bn in assets under ... Fuhr said: “I’ve spent a lot of time...
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October 'worst month on record' for stock markets
October was the worst month for world stock ... The terrible performance in October means the world's ... The worst-performing market this year of the 52 ... Other hard-hit markets, which have dropped more than ... In general terms, emerging markets fell less than ... Howard Silverblatt, senior index analyst at Standard &...
