39 articles found within the last year.
Displaying results 1 - 20
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Baring to shut two hedge funds
Baring Asset Management is planning to close two ... The 246-year old company, which first entered emerging ... Each fund was too small to justify its ... About $13.6bn of the $40.8bn investors pulled from ... Japanese and emerging market equities have proved unprofitable...
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Comment: Keynes, fiscal packages and the next election
The UK Government this week became the first ... Barack Obama’s team are talking about a package ... This is all the more surprising because for ... The fact that this doctrine has been so ... The collapse of Citibank last week was an ... In this context, the British fiscal package will...
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Offshore centres confident of dealing with pressure on their activities
Europe’s offshore centres might be feeling the first ... Thomas Sutter, a spokesman for the Swiss Bankers ... “We don’t expect there will be any difference ... Sutter added that Switzerland has a history of ... He said: “We have a bilateral agreement with ... Sutter said even the US crackdown on UBS...
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New manager hires slow amid turmoil
European institutions have withdrawn from hiring external asset ... Chris McNickle, a consultant at Greenwich Associates, the ... "Not only did they slow the pace of ... Greenwich Associates said that as institutions further are ... It said "Across the continent, European institutions are...
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Overseas contingent share in Goldman partner draft
More than a third of the 94 Goldman ... US staff make up roughly 60% of the ... Among the European contingent to make the Goldman ... Martin Hintze, who oversees the bank’s buyout business ... Magid Shenouda, head of European gas and power ... In the Middle East, new partners include Suhail...
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Hedge fund manager to depart Threadneedle
Darrel O'Dea, who has managed Threadneedle Investments' European ... O'Dea, who ran the company's European Crescendo hedge ... A spokeswoman for the group said O'Dea would ... The European hedge fund returned 6.62% annualised since ... Financial News revealed earlier this month that the...
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Asset management experts predict further pain ahead
Leading figures in asset management, including Mercer's Andrew ... Speaking to Financial News, as part of a ... He added: “It would not surprise me at ... Meanwhile, Huw van Steenis, who leads a team ... He said: "We reduce our 2009 estimates by ... Morgan Stanley's analysts said they had increased their...
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'Bad boy' Odey beats benchmark by 9%
The hedge fund run by veteran UK manager ... Odey's fund, which takes long and short positions ... Hedge fund managers, and in particular those who ... Short positions in banks and financials added 2.29 ... Odey said in his note, which his firm ... The fund has a stake in Goldman Sachs,...
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Survival of fittest will determine managers’ fate
Which asset managers will be next? The tie-up ... First this year was the completion of the ... Then Germany’s Allianz Global Investors, fourth biggest, said ... Similar to the other mergers, and in a ... No one had been expecting the tie-up, not ... Alain Papiasse, a member of BNP Paribas’ executive...
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Comment: Time to think the unthinkable
By all accounts, the British authorities were taken ... Investors are aware that, on its own, the ... But there remains a danger that the strengthening ... Nervousness in the equity markets, at least in ... Even sovereign wealth funds are holding back. According ... Nevertheless equities rallied this morning, on the back...
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Goldman triumphs at Advisory Awards
Advisers to Europe's buyout community gathered at Banqueting ... The awards, which recognised the achievements of advisers ... Melissa Rice, a vice-president in Goldman’s financial sponsor ... Goldman also shared the award for Buyside Mandate ... Sellside mandate of the year went to Lehman...
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Man Group becomes next big name caught in fund wind-down
Significant redemptions and poor performance caused by market ... The closed-ended Close Man hedge fund, which invested ... Quarterly redemptions and regular valuing of the fund ... The fund raised £70m in 2004 and was ... A small reversal of hedge funds' recent poor ... Also, the fund of hedge funds, managed 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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Banks and brokers receive record private equity investment
Private equity firms invested $5.5bn (€3.7bn) in seven ... Deals so far this year include TPG’s $2bn ... There was a $4.5bn across 11 investments in ... The growth of investment in the banking sector ... Distressed banking investments include TPG’s WaMu capital injection...
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ECB: International central banks move to improve global dollar liquidity
International central banks Thursday announced new coordinated measures ... The central banks involved in the coordinated moves ... The ECB said it will offer overnight dollar ... In addition, the ECB said it would widen ... "Overall, the dollar funding operations conducted by the...
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Credit Suisse unveils new co-heads of derivatives sales
Credit Suisse has named two new co-heads of ... In an internal memo seen by Financial News/Wealth ... Yem runs the SSDS division for Europe and ... The new appointments come two weeks after Credit ... He reports directly to Gael de Boissard and ... Porath, who formerly headed Credit Suisse’s European strategic...
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Investors splash out for yacht makers
Two yacht-maker acquisitions in a day have powered ... Yesterday, Dutch private equity outfit Egeria sold yachting ... There have been more than €4bn of yacht ... Private equity firm Candover also bought Ferretti for ... Egeria achieved an earnings before interest, tax, depreciation...
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JO Hambro European manager departs
Willem Vinke, a European equities portfolio manager at ... Vinke's two funds – a pan-European product and ... The first fund fell back nearly 28% during ... In their last performance report, Vinke and Wouters ... A spokeswoman for the asset manager said Vinke's ... Nichola Pease, chief executive of JO Hambro, said...
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European selloff ends as buyers return
Fund flows into European equities have turned positive ... According to UBS analysis of clients' trading, institutional ... UBS said that the net selling seen in ... The analysis was made from the Swiss bank's ... Broken down by sector, UBS found that energy ... Consumer staples and financial sector stocks have seen...
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Europe’s top managers see their assets balloon
Investors have sought the shelter of large firms ... All but one of Europe’s largest 10 hedge ... Europe’s 10 largest firms manage between them about ... Concentration of assets in the largest managers in ... In Europe, London’s Brevan Howard Asset Management, a ... The flotation of a fund in the first...
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