60 articles found within the last year.
Displaying results 41 - 60
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Hedge funds slow to open gates
Around one in six hedge funds continued to ... At the end of the first quarter of ... While this is a high proportion, it is ... At least 100 European funds restricted withdrawals, according ... Although hedge funds made a 1% gain on ... In a separate study by Bank of New ... Alexandre Col, head of the investment fund department...
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Exchange volumes signal return of market confidence
Europe’s stock and derivative exchanges have given the ... Transatlantic exchange NYSE Euronext said it performed 1.6 ... The London Stock Exchange performed 1.05 million per ... Meanwhile, Germany’s Deutsche Börse performed 750,000 trades per ... The value of shares traded remained significantly lower...
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European banks 'overvalued' after market rally
The recent stock market rally that has driven ... Since the beginning of March, stock markets have ... The European banks sector has led the rally, ... However, Credit Suisse said in a report today ... Analysts at the Swiss bank said: “We think ... This would mean an equity multiple of no...
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Investors flock to complex loans 'fire sale'
Demand for high-rated complex loan products, which became ... Whistlejacket, a structured investment vehicle that went bust ... The forced sale of the $2.5bn portfolio achieved ... According to a report published yesterday by Citigroup ... Michael Hampden-Turner, credit strategist at Citigroup in London,...
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UBS' head of quant analysis and research quits
A member of UBS's fixed-income, currencies and commodities ... Steve Dugdale, who was put in charge of ... UBS declined to comment on the departure. Dugdale ... Dugdale worked at UBS for 19-years. Before becoming ... Felce left UBS last year and helped found ... Dugdale's resignation is the latest in a line...
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UBS hires new chief of European credit in week of departures
UBS has hired the former head of European ... Derrick Herndon, who left Credit Suisse last year ... UBS has confirmed Herndon’s appointment. ... Kengeter, formerly global head of UBS’ fixed-income currencies ... Other senior departures from UBS in the past ... ... Raber’s other co-head was Michael Schmidt, who, as...
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Ex-UBS fixed-income star joins MUFJ
The former global co-head of rates at UBS ... Sascha Prinz, who was previously global co-head of ... Once he joins he is expected to report ... MUFG were unavailable for comment. Prinz was also ... Rates is one of the most lucrative investment ... The restructuring of UBS’ FICC business in January...
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StanChart hires UBS star for capital markets push
Standard Chartered has hired one of UBS' top ... Henrik Raber, who is co-head of European credit ... Raber will run the bank’s US and European ... His hire comes shortly after Standard Chartered said ... Deepak Kohli, Standard Chartered’s global head of debt ... Standard Chartered declined to comment on the record....
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Bank warns of 'false dawn' in fixed-income rally
Credit Suisse has become the second bank this ... Banks, such as Goldman Sachs and Bank of ... In a report yesterday, Credit Suisse analysts wrote ... Daniel Davies, lead European banks analyst at the ... He added: “Even in such a strong quarter, ... The report comes two weeks after European banks...
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Toxic fund planned by UBS and partner
UBS is starting a fund with London-based Ashmore ... The Ashmore Global Consolidation & Recovery Fund is ... The partnering of a big European bank with ... Ashmore, which oversees about $20bn in assets, set ... The bigger the fund, the more clout Ashmore ... The fund's focus is relatively narrow, targeting debt...
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Asset management M&A dips in Q1
Mergers and acquisitions in the asset management sector ... Analysts at Jefferies Putnam Lovell, who track M&A ... There was a big jump in the value ... In a statement accompanying the figures, Aaron Dorr, ... Since the end of the quarter, Barclays has ... One asset management chief executive, involved in dealmaking,...
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Asset transfers soar amid European funds consolidation
The value of client money that changed hands ... Assets under management that were transferred between consolidating ... The total value of assets transferred globally from ... The US still topped the charts in terms ... The deal that accounted for the largest transfer ... Other notable takeovers that pushed this figure up...
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UBS could reap €280m profit from bond buyback
UBS could stand to make an after-tax profit ... In a note to clients today from BNP ... UBS said yesterday that it plans to buy ... UBS expects to pay between 62.5 and 65% ... Olivia Frieser, European banks analyst at BNP Paribas, ... Such bonds, which for part of a larger ... According to bankers, other banks could follow UBS...
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One in 10 investors likely to sell fund commitments
Fewer than one in 10 investors in private ... A survey by data provider Preqin has shown ... Prequin said that while 9% figure was significant ... In December fund of funds SVG Capital capped ... Tim Friedman, head of publications and marketing at ... “We haven’t seen that much activity in the...
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Comment: CDS market draws unjust fire
Warren Buffett called derivatives weapons of mass destruction, ... A barely regulated market that swelled to notional ... To be sure, some fine-tuning is necessary. Limits ... But the CDS mayhem predicted after the collapse ... The signs are not encouraging. Draft US legislation...
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UBS unveils radical restructuring of FICC division
UBS is closing down its real estate and ... In an internal memo seen by Financial News, ... As a result, UBS is closing its real ... UBS said that as part of the restructuring, ... The closure of the three businesses is the ... Jerker Johansson, chief executive of UBS investment bank,...
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Hedge funds' $400bn cash pile could spur market rally
Hedge funds could stoke a significant stock market ... Hedge fund managers currently hold a record 30% ... That cash, which is stored in bank deposits ... “Despite the massive losses [sustained by investors], depressed ... Such a rally would be a welcome tonic ... Although frenzied trading in the wake of September's...
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Fund closures rocketed in 2008
Asset managers in Europe liquidated and merged funds ... There were 4,548 share classes for investment funds ... A single investment fund will usually have multiple ... Christopher Traulsen, director of fund research for Morningstar ... The research said that the advent of cross-border...
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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...
