303 articles found within the last year.
Displaying results 81 - 100
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Crosby Forsyth closes seven funds
Boutique multimanager Crosby Forsyth will close seven funds ... The Forsyth Global Thematic, North America, Global Emerging ... In a statement published today, the firm said: ... The seven funds have received redemption requests for ... The level of assets means the funds are...
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Ex-SG investment bank chief takes helm of €3 trillion funds arm
The former head of Société Générale's investment banking ... Jean-Pierre Mustier has been appointed head of global ... The appointment comes three months after Michel Pérétié ... Mustier replaces Alain Clot as head of SGAM ... Sylvie Rucar, the chief operating officer of global...
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Neuberger hopes new owners 'will keep hands off'
The management of US wealth manager Neuberger Berman ... Henry Ramallo, a managing director and senior portfolio ... Ramallo was speaking at a conference for clients ... He added that he would like less of ... Bain Capital and Hellman & Friedman said they ... The price is significantly lower than the $7bn...
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Investors would have passed rescue bill
The majority of institutional investors around the world ... Out of 905 institutions surveyed by Greenwich Associates, ... However, a quarter said they were "not at ... Steve Busby, a consultant at the company, said: ... The crisis has tested investors' trust in the ... About a quarter of North American respondents were...
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Morley suffered revenue fall but held profits
Morley Fund Management, the London funds subsidiary of ... The news comes as its parent company today ... Total revenues at Morley were £402m (€506m) for ... According to the accounts, profits were maintained thanks ... A spokeswoman said a £40m rise in fees ... Morley’s assets under management stayed flat, dropping by...
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New Star small-cap manager departs
A fund manager of UK small-cap stocks at ... Patrick Evershed joined New Star six years ago ... A spokesman said that Trevor Green, who joined ... Over the five years to today, Evershed's portfolio ... The longer term performance of the fund was ... Evershed's fund suffered over the last three years...
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Barclays Wealth in talks to retrieve AIG position
Barclays Wealth has started talks with insurer AIG ... AIG said clients will be able to redeem ... AIG will only underpin returns if clients choose ... The enhanced fund was hit by redemption requests ... Joseph Hill, a criminal lawyer and fund investor, ... In an e-mail correspondence, Hill was told by...
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High-yield manager boosts European presence
Global high-yield bond manager Muzinich & Co, which ... Joshua Hughes has signed up as marketing executive ... George Muzinich, owner of the firm, founded in ... The uncertain market backdrop means that a higher ... In July, Muzinich introduced a share incentive plan...
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Data reveal short sellers not to blame for UK bank falls
Short sellers could not have been to blame ... The level of stock borrowing of HBOS shares, ... Investors need to borrow stock if they want ... The levels of stock borrowing of other UK ... Jacob Schmidt, chief executive of independent hedge fund ... UK politicians have lambasted hedge funds as "spivs"...
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US hedge funds cut short positions before freeze
Hedge funds in the US cut most of ... The US and UK financial regulators last week ... Short-selling is the practice of borrowing securities from ... However, a report by analysts at French bank ... The report cited figures from the Commodity Futures ... The report said: "The latest CFTC report available...
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SEC protects hedge fund GLG from shorting
GLG Partners, the UK hedge fund manager listed ... NYSE-Euronext, the company that runs the New York ... It said: "The SEC has informed us that ... "Companies that were on the original list, or ... GLG, one of the largest hedge fund managers ... Hedge fund managers have complained about the imposition...
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Lloyds deal may lead to Scottish Widows sell-off
The £12bn (€15bn) merger of UK mortgage lender ... The analysts, Alastair Ryan and Ross Curran, said ... They expect the combined bank's greater market share ... The analysts added that potential disposals following the ... Spokespeople at Lloyds TSB and Scottish Widows both...
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Sevilla-Sacasa at centre of the world's biggest wealth manager
Frances Aldrich Sevilla-Sacasa, head of Bank of America’s ... A former colleague of Sevilla-Sacasa at Citigroup said: ... The 52-year-old was appointed to her latest position ... At the time of Bank of America’s acquisition ... But Sevilla-Sacasa appears to have done better than...
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Bank of America ponders its wealth supremacy
Bank of America’s $49bn (€33.8bn) bid for Merrill ... One adviser told Dow Jones Newswires: “I’m devastated ... As the hours passed, another said: “The phones ... However, advisers soon expressed relief that uncertainty over ... They expect Merrill’s head of wealth, Robert McCann,...
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Affiliated Managers eyes bid for Artemis
Affiliated Managers Group is understood to have considered ... Artemis, which manages £15bn (€19bn), was put up ... Affiliated’s London office is run by David Waite, ... Last month, Affiliated raised $460m (€320m) through the ... Neither Affiliated nor Artemis would comment on the...
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Crisis worries investors in money market funds
Around $42bn (€29bn) flooded out of global money ... The rush for the exit followed net inflows ... The US Treasury responded to the redemptions on ... The surge in outflows was in response to ... Investors had previously considered that their principal investments ... In the UK, AIG’s £5.8bn (€7.4bn) premier bond...
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Asset managers predict market recovery next year
Mainstream asset managers believe the end of the ... Speaking last week at a Geneva conference for ... Asset managers and investors at the conference singled ... Marvin Schwartz, vice-chairman of collapsed bank Lehman Brothers ... John Calamos, chairman, chief executive and chief investment...
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Ethical stocks outperform European blue chips
An index of ethical stocks has beaten the ... The FTSE4Good range was created to track the ... Mark Robertson, communications and development manager at Eiris, ... Since the start of 2000, the amount invested ... Robertson said although it was not a hard-and-fast...
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Managers face staff defections as bonuses look shaky
Mediocre performance this year has left only one ... About 90% of funds are below their previous ... -3.29% this year to July 31, as well ... Tom Brown, European head of KPMG’s investment management ... Brown said: “You would not build your business ... David Billings, partner at lawyers Akin Gump, said...
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Comment: Hedge funds are scapegoats as long-only managers panic
It has become fashionable to blame hedge funds ... But it is hard to believe that hedge ... Putting aside the appalling management of banks during ... He points out that clients and consultants are ... In certain ways, you have to admire the ... Pzena Investment Management funds had a staggering 40%...
