25 articles found within the last year.
Displaying results 1 - 20
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Short-selling ban hits 130/30 funds
The ban on shorting financial stocks that has ... But hedge funds are not alone in their ... These funds, which use leverage in an attempt ... However, none produced a positive return over the ... This is not what investors expected when 130/30 ... But Larry Tabb, chief executive of Tabb, said:...
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Financial stocks rise since shorting ban
More than two-thirds of the financial stocks in ... Figures compiled by Financial News show that from ... A hedge fund source today said the rise ... Leading the risers was F&C Asset Management, whose ... The rises in the majority of financial stocks ... The ban on short-selling drew widespread criticism from...
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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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Short-selling is down but not out as industry fights back
Hedge fund industry practitioners continue to support the ... At least 14 regulators banned investors from increasing ... This ban comes ahead of a critical date: ... Christophe Bernard, managing director and a member of ... He said industry assets could fall by 25% ... Fund of hedge funds manager Fauchier Partners said...
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European governments stump up €35bn in a day to prop up ailing banks
Five European governments today shelled out nearly €35bn ... In the UK, roughly £18bn (€22.7bn) was paid ... While Abbey will take over B&B’s UK and ... Fortis secured “concerted action” from the Belgian, Dutch ... Fortis will also sell the ABN Amro business...
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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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Hedge funds pour scorn on UK shorting ban
The hedge fund industry has reacted angrily to ... The Financial Services Authority board, under chief executive ... Callum McCarthy, chairman of the FSA, said in ... McCarthy said the FSA will make an exception ... The ban is intended to create "a calming ... The action is similar to Wednesday's move by...
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Street firms accused of tax scheme
Some of the US' biggest investment banks and ... The year-long probe, which relied in part on ... Some of the internal emails show that bank ... The report is scheduled to be released Thursday ... The report is critical not only of banks ... Foreign investors, such as offshore hedge funds, are...
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Hedge funds get a new cop
Memo to London's hedge fund managers: There is ... The UK's financial regulator has hired Australian Andrew ... The appointment comes as the UK regulator is ... Crain, 39 years old, hasn't worked at a ... In an interview, Crain described his approach as ... -- from Letter from the City, send comments...
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Credit Suisse 'auction' brokers are charged
A federal grand jury in Brooklyn indicted ... The 12-page indictment describes how the brokers, Julian ... The brokers made it appear as if the ... The criminal case brought by prosecutors in the ... Two former Bear Stearns hedge fund managers were ... Tzolov, 35 years old, is expected to return...
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London's status as top financial centre under threat
The Northern Rock crisis, tax changes for non-domiciled ... London has topped the charts among the world’s ... With the next report measuring the top financial ... She said in a report on Monday: “London’s ... She added that the fact that London’s lead ... “Using findings from the third financial centres index...
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FSA slaps biggest fine in two years on Credit Suisse
Credit Suisse has become the first investment bank ... The fine makes Credit Suisse one of just ... Today’s fine is the fourth largest dished out ... Credit Suisse spooked the financial markets when it ... The errors occurred within the structured credit group, ... Margaret Cole, FSA director of enforcement, said: “It...
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Pressure grows for big changes at UBS after write-downs, buyback, tax probe
When Marcel Ospel was forced out as chairman ... Now, as UBS prepares to announce its second-quarter ... The pressure is growing to make some radical ... The bank's write-downs on bad credit investments are ... A settlement was announced Friday with US regulators ... The bank's private-banking business is fighting to keep...
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FSA plans clampdown despite no evidence of HBOS manipulation
The UK's Financial Services Authority said today it ... On the afternoon of March 19, the FSA ... These rumours focused on a British bank that ... Market commentators speculated that the fall in HBOS's ... The FSA said today that its investigation of ... The regulator said that the rumours were circulated...
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Foreign managers attracted to Russia by the region’s wealth
Russia’s crowded asset management arena is getting busier. ... Benelux’s Fortis, Germany’s Allianz, Italy’s Pioneer Investments, Austria’s ... Russia’s emerging middle class and a boom in ... Société Générale Asset Management, which manages more than ... Société Générale declined to comment on whether it...
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Sants defends FSA staff from 'out of touch' accusations
The chief executive of the UK’s Financial Services ... Chief executive Hector Sants said, in his opening ... He added that the market should be in ... “I have already said that the standard of ... Sants said that the FSA has already made ... However, Sants defended criticism surrounding the quality of...
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Cuomo readies UBS civil suit
New York state attorney general Andrew Cuomo is ... State securities regulators in Massachusetts have already filed ... The lawsuit also could include allegations of malfeasance ... "A filing of a complaint at this point ... In their June case, Massachusetts regulators named individuals...
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France ponders professional investment exams
Asset managers and buyside analysts in France may ... An advisory group led by AMF board member ... The AMF will now consult the asset management ... Pinatton's report noted: "In international markets, and in ... It added: "With respect to the Paris financial ... Representatives from the main French investment services trade...
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ECB study raises leverage fears
A study of hedge funds by the European ... Investors and consultants agreed with the ECB’s financial ... The ECB said: “Increased margin requirements and margin ... The review said changes in leverage seemed to ... The largest reduction in leverage between October 2006...
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McCreevy backs calls for agencies to register in Europe
Europe’s leading financial markets regulator, itself one of ... The European Commission has welcomed a proposal last ... Charlie McCreevy, the European Internal Market Commissioner, who ... He added: "I am not disregarding any suggestions.” ... McCreevy’s proposals for change in the industry, which...
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