104 articles found within the last year.
Displaying results 1 - 20
-
Swiss brokerage chief sheds light on hiring market
Vontobel, the Swiss financial institution best known for ... The firm, which lists the wealthy Vontobel family ... Matthew Thomas has joined as head of sales ... The hires double the firm's existing equities brokerage ... Speaking to Financial News, Bagchi shed light on ... He said: "We wanted to make some hires...
-
Analysts see Jupiter as candidate for float
Expectations that UK fund manager Gartmore will pull ... Jupiter Investment Management, led by Edward Bonham Carter, ... The speculation appears premature, given its backer, TA ... Jupiter’s operating profits of £91m in the year ... The manager pulled in business worth £1bn, although...
-
Big banks face change in the UK
The UK Financial Services Authority said it will ... Breakups would mean that banks that have retail ... King's views on the issue carry weight because ... Asked about King's comments in Parliament Wednesday, Prime ... The FSA's paper comes partly in response to ... "The cause of the problem is that banks...
-
Comment: Banks must beware Myners' bonus warning
It may have counted for only eight words ... Lord Myners, Financial Services Secretary to the Treasury, ... His eight word warning came at the end ... How scared bankers should feel in relation to ... Myners did not include any detail, at all, ... He also followed his remark by a lengthy...
-
UK to make push this week on bank bonuses
The UK Government this week will ask about ... The Wednesday meeting with 10 banks that also ... By getting commitments now, the government is hoping ... Barclays, Standard Chartered, Lloyds Banking Group, Royal Bank ... In a joint statement, those banks said it ... While the US, European and Asian banks active...
-
The pros and cons of the top five financial centres
The World Economic Forum this week listed the ... The WEF yesterday published its second annual financial ... Here are the top five countries in the ... Strengths - The UK scored high marks for ... Weaknesses - The UK ranked 37th out of ... Strengths - Australia had a solid performance in...
-
Seymour Pierce fined over three-year fraud
London stockbroker Seymour Pierce has been fined by ... The FSA announced today that it had fined ... Margaret Cole, the FSA’s director of enforcement and ... According to the FSA's final notice, the offender, ... Seymour Pierce dismissed Mr A in July 2006 ... The London stockbroker now has 14 days to...
-
European alternatives debate heats up
The European Parliament's latest meeting on the future ... The European Parliament's economic and monetary affairs committee, ... The meeting lasted for over two hours, according ... The first meeting, held early last month, was ... Syed Kamall, a UK representative for the European...
-
Church Commission urges EU rethink on hedge funds
The Church of England, one of whose commissioners ... A group of six of the UK’s largest ... In a written deputation to the House of ... The House of Lords committee took submissions on ... The Church Commissioners include the Archbishop of York, ... While supporting the EU’s aim to shine a...
-
UK tax authorities cast net wider for offshore money
The UK tax authorities are upping their efforts ... Ronnie Ludwig, a partner at private client accountancy ... Tax avoidance schemes are often constructed to avoid ... In recent months, Revenue & Customs has been ... The move comes at a time when the ... The UK has signed about 20 of these...
-
Myners tells UK to grab offshore funds
Treasury minister Lord Myners has called on custodians ... In an interview with Financial News, Myners said ... He said: “I see this as a significant ... Tax havens have been targeted by the G20 ... Meanwhile, the advantage of domiciling a fund in ... The UK Government this year set up the...
-
Investors start market in murkiest hedge fund assets
Investors in hedge funds have begun trading interests ... Elias Tueta, co-founder of Hedgebay, a private exchange ... He said that, before this development, investors were ... More than 100 European funds barred investors from ... Placing assets in side pockets was one of...
-
Hedge funds yet to budge on fees or liquidity terms
Hedge funds have defied the expectations of investors ... Last year, hedge funds staggered to their worst ... However, few funds have budged from historic fee ... The research found that less than 1% of ... Guido Bolliger, Olympia's chief investment officer, wrote in ... HFR monitoring has also shown that performance-based charges...
-
Activist woes hit Atticus UK revenues
Revenues at the UK arm of activist investor ... Atticus UK LLP reported a 65% fall in ... After administrative costs were deducted from the total, ... The results cover a period that was particularly ... Notable campaign losses were chalked up by prominent ... In a rare and highly-public victory for the...
-
Hermes restructures hedge fund fee model
Hermes, adviser to the UK's largest pension fund, ... The firm, which advises the £31bn (€35.4bn) BT ... It will give investors the option of having ... Matteo Perruccio, chief executive of Hermes BPK Partners, ... Some investors in hedge funds have criticised paying ... Sandra Manzke, a veteran US investor in hedge...
-
Bonus fever continues among UK bankers
Most bankers based in the UK expect their ... The findings suggest that bonus season will show ... "It is clear we are still only part-way ... The taxpayer funds used to assist some of ... Prime Minister Gordon Brown has pledged to curb ... The eFinancialCareers.com survey provided an early indication that...
-
UBS and UK brokers continue fixed-income hiring spree
UBS and rival independent brokers Execution and Evolution ... UBS, which last month unveiled over 20 hires ... The development comes at the same time Execution, ... Evolution has also hired a new head of ... Investment banks and independent brokers have been on ... Bank of America Merrill Lynch, Morgan Stanley, Royal...
-
Prominent fund of hedge fund cuts fees on listed product
Switzerland-based Gottex Fund Management has cut fees for ... The prominent manager said today in the half-yearly ... The fee cut comes after the portfolio faced, ... He said: "The environment for hedge funds has ... Few funds of funds have said publicly that ... However, Huw van Steenis, Morgan Stanley's head of...
-
Bonuses become a wedge issue in the G20
Bankers' pay has become one of the most ... UK Chancellor Alistair Darling earlier this month pledged ... Even before Tuesday's deal with banks, the French ... "The problem with guidelines is that you apply ... Germany has mostly agreed with France at G20 ... But Merkel has allied herself with French President...
-
GSAM protects against comings and goings with new levy
Goldman Sachs Asset Management has become the latest, ... The new fee, announced in a stock exchange ... Known as an anti-dilution levy, it covers the ... A senior manager at one London-based fund, said ... It is more commonly imposed by long-only managers, ... A source close to the US bank said...
