19 articles found within the last year.
Displaying results 1 - 19
-
Emerging markets manager suffers assets fall
Charlemagne Capital, a specialist emerging-markets fund manager, suffered ... The profits fall was primarily due to an ... Thanks to the revenues drop, Charlemagne said it ... Nevertheless, management fee revenues were 32% higher, at ... Nitin Arora, an equity analyst at the boutique...
-
Billionaire's hedge fund makes £150m
US billionaire Louis Bacon has registered a slight ... MECM, which published its annual results at Companies ... US-born Bacon, who lives in London, made his ... Revenues at MECM, from performance and management and...
-
Funds and profits slide at BGI
Assets under management and pre-tax profits at Barclays ... BGI, which released its half year results today, ... The group said that its active management business ... John Varley, group chief executive at Barclays, said: ... BGI said an initial drop of £74bn in ... The £12bn figure is less than half of...
-
Liberty property values fall
London-based property giant Liberty International has reported a ... Patrick Burgess, chairman of Liberty, said that the ... In today's interim results statement, Burgess said: "The ... "However, the outperformance of prime assets against secondary ... Underlying profit before tax fell from £69m to...
-
BlueBay shares rebound on asset rise
Shares in BlueBay Asset Management, a UK-listed fixed ... According to BlueBay, it managed assets worth $21bn ... Over the 12 months to the end of ... By contrast, BlueBay's long/short business grew only 13.9% ... Performance fees generated over the full fiscal year ... Commenting on today's trading statement, BlueBay chief executive...
-
Morgan Stanley reveals $120m trader mis-mark as profits dive
Pre-tax profits at Morgan Stanley’s institutional securities unit ... Profits at the division slumped to $679m in ... While equity sales and trading revenues suffered only ... Morgan Stanley blamed the fixed-income sales and trading ... The bank said market dislocation had generated a...
-
GSAM revenues up in second quarter
The asset management division at US bank Goldman ... Net revenues at Goldman Sachs Asset Management for ... The rise comes after higher management and other ... Over the three months, the division's total assets ... The increase primarily reflected a rise in value ... As a whole, the bank overcame negative analyst...
-
US managers increase UK profits
Profits at the UK asset management arms of ... Lazard’s UK funds arm increased its assets under ... Lazard’s assets are mostly derived from institutional investors, ... He said the growth in UK assets last ... Newton Investment Management, a UK-based asset management subsidiary...
-
Asia demand sustains luxury market
Richemont, the Swiss luxury goods manufacturer, has proved ... Geneva-based Richemont, the owner of Cartier and the ... Chairman Johann Rupert said growth had been driven ... However, sales in developed markets lagged, and growth ... The company holdings include Cartier, Van Cleef and...
-
Och-Ziff Europe doubles revenue
The UK subsidiary of hedge fund manager Och-Ziff ... Investment fee revenue at Och-Ziff Management Europe rose ... Compensation also increased but to a lesser extent ... Och-Ziff in Europe is run by Michael Cohen, ... The London-based team is responsible for the $6.2bn...
-
Henderson assets stable despite Pearl outflows
Assets under management at UK-listed asset manager Henderson ... For the year up to the end of ... Over the four months Pearl pulled a net ... Henderson said withdrawals by Pearl will have a ... Apart from the withdrawals by Pearl, net inflows ... Negative foreign exchange movements also contributed to a...
-
Asia growth offsets bigger writedowns at HSBC
HSBC has been forced to take a larger ... Writedowns in the global banking and markets division ... The writedown figures came in an interim results ... However, it did say that pre-tax profits from ... HSBC’s sub-prime writedown at $500m was half the ... The bad news in the global banking and...
-
HSBC helped by wealth business
HSBC's private banking business is proving a solid ... The bank said in the statement that its ... In an interim results statement, the bank said: ... The group's first quarter writedowns were half the ... The bad news in the global banking and ... The bank said its emerging markets business, particularly...
-
RAB profits to drop as assets dive 12%
UK-quoted hedge fund manager RAB Capital expects its ... As of May 1, RAB managed assets worth ... RAB's flagship Special Situations Fund, managed by Philip ... "The opening weeks of 2008 have seen a ... RAB today referred back to its earlier statement, ... RAB shares dropped 9.3% to 56p by 11:05...
-
UBS Asset Management hit by first quarter withdrawals
The asset management division at Swiss bank UBS ... Over the first three months of the year, ... The falls were partially offset as investors pushed ... The overall fall in assets meant that fee ... The firm blamed difficult markets and flagging performance ... Total operating expenses for the first quarter stood...
-
Investment banking drags down Kaupthing
Kaupthing, the Icelandic bank, was hit by a ... Profit from capital markets fell from a ISK13.4bn ... The fall in profits came a day after ... Investment banking profits at Kaupthing fell by 52% ... The results are Kaupthing’s first since it was ... Kaupthing said yesterday it had entered talks to...
-
St James's Place reports rise in new business
Wealth manager St James's Place for the first ... New business in the three months to the ... "Despite challenging market conditions, new business is ahead ... The wealth manager, which sells life insurance, pensions ... Wilson said pension investments are long-term investments and...
-
Swiss hedge fund hurt by credit crunch
Gottex Fund Management, the Geneva-listed fund of hedge ... Both asset managers' share prices have declined about ... Gottex said it had taken in new money ... Despite the problems the Swiss manager said it ... Joachim Gottschalk, chairman and chief executive, said: "Naturally,...
-
Merrill to axe thousands after fresh writedowns
Merrill Lynch’s global markets and investment banking arm ... Merrill today revealed its intention to cut the ... John Thain, Merrill’s chairman and chief executive, said ... Thain said the global wealth management business was ... The US bank shed 1,100 during the first...
1