99 articles found within the last year.
Displaying results 1 - 20
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UK hedge fund maintains pay limit as fund drops almost 20%
London hedge fund manager Polygon Investment Management is ... Polygon's partners' basic pay was to be limited ... The London firm's three directors are founders Paddy ... The flagship fund has lost about 19% this ... Polygon declined to comment. ... Hedge funds have long trumpeted the concept of...
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Kaupthing Singer & Friedlander limps on after UK Treasury wades in
Kaupthing, the Icelandic bank that operates in the ... In a statement from the Icelandic bank yesterday, ... Tim Cockcroft, chief executive of KSFCM, said: “KSFCM ... He added: “The management of KSFCM are in ... The UK Treasury yesterday said the UK’s Financial ... As a result, the Treasury said that KSF’s...
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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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UBS rainmaker advised on £50bn rescue package
One of UBS’s top London-based bankers was drafted ... Robin Budenberg, who has managed UBS’s relationship with ... Under the terms of the bailout the group ... Budenberg has worked on some of UBS’ most ... UBS has traditionally enjoyed close links with the ... Last year UBS was hired by the UK...
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HSBC only British bank left in world top 30
Only one UK bank is ranked inside the ... HSBC is the last UK bank left inside ... HSBC is ranked third in the world with ... Shares in many UK banks collapsed this morning, ... Barclays is the second most valuable UK bank, ... Responding to a question at the Merrill Lynch ... In a statement to the stock exchange, RBS...
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Bolton betting on equities again
Anthony Bolton, the former manager of the Fidelity ... Speaking to the BBC's Today programme, Bolton said ... He said: "I think the real lesson in ... "Investing is about buying the fundamentals of companies ... Bolton added that he had recently bought shares ... Bolton remains a senior strategist at Fidelity, having...
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Losses and fraud allegations force Swiss hedge fund to wind down key funds
Gottex Fund Management, the $15.6bn (€11.1bn) fund of ... The Switzerland-based manager cited poor investment performance and ... Gottex has also struck difficulty in another of ... Gottex said in a statement: "As soon as ... Petters has been at the centre of a ... Gottex's asset-backed lending fund predominantly invests in hedge...
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Sigma's fall could worsen market's pain
The latest wave of financial turmoil has crippled ... In a sign of the repercussions of last ... The default will likely leave investors in some ... If the banks sell, they could worsen the ... Sigma's lenders could choose to keep the fund's ... An official at Gordian Knot., which runs Sigma,...
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Hedge fund managers doing deals to keep investors
Scrambling to hold on to investors, hedge fund ... UK hedge fund RAB Capital on Tuesday said ... Hedge funds are restructuring, changing their fees and ... Tuesday was the deadline for many investors to ... Withdrawals not only hurt funds' profits but can ... The number of funds in operation and the...
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Swiss hedge fund to shut fund as job cuts deepen
Hedge fund manager Absolute Capital Management, which posted ... The hedge fund, which is listed in London ... While it had fewer assets from which to ... It will not pay a dividend for the ... Absolute Capital Management said the performance of some ... After its former chief executive Florian Homm left...
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Man Group loses $5bn of new money
London-headquartered hedge fund manager Man Group has lost ... Man Group released the figures in a statement ... Peter Clarke, chief executive of the London-listed company, ... The loss leaves the group with $70.3bn under ... John Godden, founder of hedge fund consultants IGS...
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Sub-prime hedge fund king reveals UK bank shorts
US hedge fund manager John Paulson, whose company ... Paulson added in a regulatory statement: “Our short ... In regulatory filings required by UK regulator the ... Paulson’s short positions range between 0.9% of the ... Paulson declined to comment. ... Paulson announced recently he was establishing a fund...
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Top manager leaves hedge fund
The director of markets at Aspect Capital has ... Robert Wakefield left Aspect on September 17 and ... His departure follows that of Adam, who along ... Prior to setting up Aspect, Adam, Lueck and ... Harding went on to form Winton Capital, the ... Aspect Capital managed $4.3bn of assets as of...
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Comment: Hedge funds are scapegoats as long-only managers panic
It has become fashionable to blame hedge funds ... But it is hard to believe that hedge ... Putting aside the appalling management of banks during ... He points out that clients and consultants are ... In certain ways, you have to admire the ... Pzena Investment Management funds had a staggering 40%...
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Wealthy investors up in arms over AIG bond redemptions
Wealthy investors are demanding an urgent response to ... AIG has suspended redemptions from the fund, AIG ... The bond was a core product for wealthy ... AIG lobbied the government before the last budget ... Redemption requests have escalated over concern about the ... Redemption demands on AIG Premier Bond resulting from...
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Lehman asset sale in 'next few days'
Lehman Brothers administrators PwC said they hope to ... Dan Schwarzmann, a partner at PwC and a ... He added that it was the administrators duty ... He said: "We are in discussions with potential ... Private equity firms Clayton, Dubilier & Rice, Hellman ... -- write to Matt Turner at mturner@efinancialnews.com...
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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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A glimmer of hope? UK equity yields trigger key 'buy' indicator
The yield on UK equities in the FTSE ... According to fund manager Fidelity, the UK's All ... The dash for safety has triggered a fall ... The UK equity yield crossover coincides with a ... Fidelity equity Sam Morse said: "Investors may be ... In a speech to a dinner hosted by...
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For Canary Wharf, bank crisis hits home
Canary Wharf has been on a roller-coaster ride ... The bankruptcy of Lehman Brothers is threatening more ... Adding to the concern: If Lehman defaults on ... If Lehman vacates the building, it would be ... "Even if Lehman survives it won't occupy nearly ... Canary Wharf today is home to some of...
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Ashmore faces 'challenging' outlook despite profit rise
Ashmore Group, the emerging markets-specialist asset manager, turned ... However, Ashmore warned that since that date new ... Graeme Dell, group financial officer, said: "There are ... Nitin Arora, an analyst at the banking boutique ... He said: "Due to increasing inflation in emerging...
