106 articles found within the last year.
Displaying results 21 - 40
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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...
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Lehman staff face the music in London and New York
The view from Lehman Brothers' Canary Wharf office ... The turnstiles that serve as an entry system ... Outside, the attitude of staff was very much ... One employee from Lehman's finance department said: "Everything ... The share price continued to drop during the ... The midtown Manhattan headquarters of Lehman were a...
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RBC sells UK housing sector bond
Canadian bank RBC Capital Markets has sold a ... The £250m (€313m) fixed-rate, secured bond – reportedly ... RBC said the deal is the first major ... Institutional investors have largely shunned bonds backed by ... However, there appears to be investor demand for ... He added: “The orderbook for this deal is...
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Blackstone hires Goldman MD to run European funds unit
The $31bn (€21.9bn) fund of hedge funds unit ... Olivier Meyohas has joined from Goldman as a ... He will replace Gideon Berger, who has led ... Meyohas spent 16 years at Goldman Sachs, where ... He will join about 120 staff at Blackstone ... A global survey of 99 investment managers by...
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Investors splash out for yacht makers
Two yacht-maker acquisitions in a day have powered ... Yesterday, Dutch private equity outfit Egeria sold yachting ... There have been more than €4bn of yacht ... Private equity firm Candover also bought Ferretti for ... Egeria achieved an earnings before interest, tax, depreciation...
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Hedge funds grow in importance
The increasing importance of hedge funds to the ... The Association of Private Client Investment Managers, the ... The changes will take place on September 22. ... The resulting portfolios are not suggested allocations, but ... Apcims has increased hedge fund weightings at the...
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UK wealth adviser boosts margins to 48%
Hargreaves Lansdown, a UK-listed financial adviser to affluent ... The firm, started by Stephen Lansdown and Peter ... Inflows exceeded outflows. The firm said: "We would ... Its pre-tax profit, after one-off items, nearly tripled ... Hargreaves Lansdown said that it has witnessed a...
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Credit Suisse to buy US asset management financier
Investment bank Credit Suisse is tapping into asset ... Credit Suisse will issue $384m worth of shares ... AMF, founded in 2003 by chief executive Norton ... "AMF’s investments effectively transfer business risk to AMF ... Brian Finn, chairman of Credit Suisse's alternative investments...
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Gartmore plugs CIO gap
Gartmore Investment Management has appointed a new chief ... Gartmore has hired Dominic Rossi, previously head of ... His appointment ends a protracted search for a ... A spokesman for Gartmore said the company had ... Jeff Meyer, president and chief executive officer, who...
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Europe's bank rout may ease
Despite the threat of giant writedowns, some fund ... The argument goes something like this: Falling oil ... Moreover, with commodities no longer looking like a ... But the backdrop to this scenario is second-quarter ... Already, Switzerland's UBS has lost more than half ... Still, some analysts liken the bargain-basement valuations of...
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Goldman Sachs-backed hedge fund doubles revenue
A hedge fund firm, which investment bank Goldman ... Capula Investment Management generated £38.2m (€47.8m) in income ... After deducting expenses, the London fixed income hedge ... This figure was a 172% increase on the ... Goldman Sachs bought a 19.9% stake in Capula...
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UK bond investors bullish despite high inflation
Economists and bond fund managers expect a downturn ... The Bank of England announced today that UK ... At first glance, the announcement is further bad ... According to UK consultants Pension Capital Strategies, the ... Graeme Caughey, head of government bonds at Scottish...
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UK assets rise to £3.8 trillion
UK asset managers looked after about £3.8 trillion ... Respondents to the survey comprised members of the ... The statistics suggest a modest move in the ... The report backs up analysis by UK consultant ... The IMA survey also found that equities holdings ... The survey found that there was not a...
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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...
