258 articles found within the last year.
Displaying results 41 - 60
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Art funding feels the credit crunch chill
This week, around 60,000 of the world’s well-heeled ... Some visitors will be big collectors like Roman ... But behind their glittering façades, galleries are suffering ... This change in fortune reflects that of the ... Even works by artists such as Damien Hirst ... Nearly half of the UK’s arts organisations experienced...
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Investors seek dynamic performance from asset allocation
Investors are becoming keener to gain access to ... Andrew Knott, partner at multi-family office MaxCap Partners, ... MaxCap did well over recent years, producing an ... Knott said investments made by large private banks ... A survey produced by advisory firm My Private ... The sample of funds used in the survey...
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Hedge fund returns reach 21% this year
Hedge fund managers have generated record returns ... US data provider Hennessee Group said its hedge ... It also beat the return on bonds, with ... Lee Hennessee, managing principal of Hennessee Group, said: ... Charles Gradante, co-founder of Hennessee, said: “Hedge fund...
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Gottex allows investors to claw back fees
A Swiss fund of hedge funds manager is ... Investors in the flagship fund of Gottex Fund ... Max Gottschalk, head of European business for the ... He said: “You need the manager to be ... Hermes BPK Partners is also introducing a vesting ... Matteo Perruccio, Hermes’ chief executive, said targeting long-term...
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Lenders back rebound in UK property market
More than 20 banks are now willing to ... Research by property adviser Savills found that 23 ... William Newsom, UK head of valuation at Savills, ... “Despite this, lenders are treading a path of ... The analysis comes after property investors announced several ... The news of more lenders coming to the...
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Man Group has FTSE's best-paid finance director
Kevin Hayes, finance director of listed hedge-fund manager ... But Hayes' 2008 package fell far short of ... FDs, along with other directors, have taken a ... However, she added that the lower remuneration packages ... The financial services sector has been particularly hard...
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Asset managers set to slash bonuses - again
Asset managers around the world are set to ... Most asset managers will cut variable pay by ... A minority of respondents, consisting of the best-performing ... Richard Parkhouse, managing director at the company, said: ... The survey took data from 18 fund houses ... Reductions to bonus payouts on that scale would...
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End of the tax haven vacation
From Aruba to the British Virgin Islands, offshore ... The Organisation for Economic Co-operation and Development demanded ... City of London minister Lord Myners told Financial ... However, Derek Adler, director at Ifina, a fund ... Marc Seimetz, partner at law firm Dechert in...
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Deutsche focuses asset operations in Frankfurt
Deutsche Bank is steadily making Frankfurt the hub ... The management of retail funds in Asia and ... The strategy has grown in intensity over the ... Deutsche’s only acquisition plans at present involve the ... Twenty US and Asia mutual funds have sanctioned ... Deutsche executive Ingo Gefeke became the fund division’s...
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News analysis: a year of change in asset management
Twenty of the world's biggest asset managers at ... Watson Wyatt's survey, which is published in association ... Not all firms suffered to that extent. Japanese ... Overall, however, Carl Hess, global head of investment ... But the industry's fortunes have recovered slightly in...
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European banks likely to continue asset management disposals
UBS, Société Générale and Lloyds Banking Group could ... In a report, titled Responding to re-regulation, analysts ... The report comes as Bank of America Merrill ... It also follows similar divestments by Barclays, which ... According to Keefe, Bruyette & Woods, the trend...
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Bumper credit market inflows spark fresh fears of 'bubble'
Investors do not expect the wall of money ... In the latest credit investor survey by BofA ... The flow of money into credit funds in ... This trend is not expected to reverse soon ... Barnaby Martin, credit strategist at BofA Merrill Lynch ... He added: “With so much liquidity, investors remain...
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Man Group's assets grow as redemptions slow
Man Group said on Wednesday that its assets ... Funds under management now stand at around $43.8bn ... The hedge-fund group also said it expects pre-tax ... Although institutions cut the amount of money they ... Hedge funds have generally reversed course in 2009 ... "Investor sentiment is continuing to improve across the...
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UK funds industry set for record year
Investors have placed a net £18.5bn (€20bn) into ... The Investment Management Association said investors put a ... Funds under management in UK open-ended funds reached ... This year's inflows come after the only full ... The statistics track flows into UK open-ended investment...
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Jupiter financials guru predicts 20% banks rally
The only traditional fund manager investing in financials ... In a conference call with financial advisers yesterday, ... He said: "The run could go a very ... His top holding at the end of July ... The £1.3bn (€1.4bn) Jupiter Financial Opportunities fund, managed...
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London fund overhauls equities managers
The London Borough of Harrow, a local-government authority ... The Harrow fund is over 70% invested in ... The fund's governing investment panel wrote: "The overall ... As a result it instigated a review of ... Jennifer Hydari, divisional director of finance and procurement,...
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Credit crunch marks the end for 1,500 hedge funds
Large hedge funds closing down might steal the ... Between mid-2007 and the end of June, 1,509 ... The last quarter of 2008 and first quarter ... Long/short equity hedge funds were by far the ... Managed futures funds, which are computer-driven, and multistrategy ... Data provider Hedge Fund Research said 292 funds...
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No future for forecasts at Lombard Odier
In a determined bid to reinvent its investment ... Unlike other managers, Paul Marson, appointed investment chief ... “People make them because it feels good to ... Marson quotes philosopher Bertrand Russell: “The demand for ... He argues that earnings, and hence share prices,...
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Bluebay profits decline as investors shun hedge funds strategies
UK asset manager Bluebay, whose shares have been ... According to Bluebay's latest annual results, the company's ... Long-only assets rose from $15.1bn to $21.5bn over ... As a result, profits before tax and exceptional ... The results came after the company's share price...
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Evercore chief chases funds opportunities
The ex-president of BlackRock who was involved in ... Ralph Schlosstein, who co-founded BlackRock in 1992 and ... He said: “At BlackRock we completed two acquisitions ... During his time at BlackRock, Schlosstein was involved ... Schlosstein said asset management would continue to lose...
