107 articles found within the last year.
Displaying results 21 - 40
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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...
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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...
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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...
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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...
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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...
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Absolute return funds fall short of their name
Absolute return funds are failing to live up ... Statistics published by data providers Eurekahedge yesterday found ... Absolute return funds are typically long only, although ... Hedge funds, which grant themselves far greater investment ... John Jagerson, an analyst at US investment research...
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RBS defends executives' big share rewards
Royal Bank of Scotland on Wednesday defended its ... An RBS spokesman said the stock awards to ... The 70% state-owned bank is trying to turn ... Hartzer's rewards for joining RBS include 1.99 million ... The shares in both instances will be vested ... Bostock is to receive 1.33 million shares currently...
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Ex-Citi analyst leads new research boutique
A group of financial services professionals from the ... Consumer Equity Research received FSA authoristation this month ... The group will be chaired by Seth Peterson, ... The group has three other principals: Charles Allen, ... The business will be solely focussed on global...
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Swiss aren't so secret anymore
Now that Swiss banking giant UBS has agreed ... The answer, says UBS chief executive Oswald Grübel, ... "These are the markets where even we are ... For no one is the challenge greater than ... Grubel admits the bank's dispute with the US ... As he speaks, Zurich is in full vacation...
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Investors return to chase listed hedge fund profits
Investors are once again buying shares in the ... The volume of trading in shares of listed ... Mark James, executive director on the alternative funds ... Their interest stands in stark contrast to last ... In their rush to exit the sector, funds’ ... To narrow the gap, at least four managers...
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Lloyds to consolidate asset management, sell Insight Investment
The UK's Lloyds Banking Group on Wednesday said ... The bank is undertaking a large-scale revamp after ... The takeover of HBOS, a big mortgage lender ... Lloyds Banking Group is now the largest bancassurance ... Investment management of the funds from Halifax and ... The rest of Insight Investment -- an external...
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Hedge funds suffer management fee blues
Less than a fifth of all hedge funds ... Only 13% of funds set-up this year have ... This is a large drop on the figure ... The average fixed management fee being charged by ... The research, published by Morgan Stanley on Friday, ... This fact supported a finding last month, made...
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Stellar year fails to halt hedge fund fee slide
Hedge funds have enjoyed their best year-to-date returns ... The hedge fund industry returned 12% to investors ... Hedge funds will only be able to start ... The $1.4 trillion (€975bn) industry suffered its worst ... Kevin Burrows, senior investment analyst at investor Nedgroup...
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Coffey helps GLG wake up to senior departure
The chairman of hedge fund GLG Partners has ... Announcing the company's second quarter results yesterday, Noam ... It is not known when Donald will leave ... Gottesman said Donald ran "a very small portion ... However, he reflected soberly on the past 18 ... Gottesman said: "We lost a major team and...
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GLG reports 27% rise in assets for 2009
Hedge fund GLG Partners, which was hit this ... The rise in assets at the New York-listed ... Its hedge funds are up 13.3% this year, ... On fund performance, chairman Noam Gottesman said: "We ... GLG's assets rose 36% in the second quarter, ... But GLG's assets are off 19% from this...
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London seeder commits up to $60m to credit manager
The seeding arm of Financial Risk Management, a ... FRM Capital Advisors is using money from its ... Although FCA has been relatively active in backing ... In the second half of last year, researchers ... The climate for start-ups did not improve in ... Patric de Gentile Williams, FCA's chief operating officer,...
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Short selling drops to two-year low in the UK
Hedge funds are shorting fewer UK stocks than ... Managers attributed the the low level, revealed in ... Stephen Couttie, chief executive of $1.3bn (€920m) hedge ... Record redemptions and losses last year at hedge ... Some have also found it harder to identify ... Nick Shenton, co-manager of Polar Capital Partners' UK...
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Hedge funds face life without 'two and 20'
The 60-year old fee structure used by the ... The industry’s standard “two and 20” fee model ... A 1970 article in Fortune magazine noted: "The ... However, only seven out of 10 hedge funds ... Preqin found that as large investors apply pressure ... Preqin said: "Fees are now being driven down...
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Investors doubtful of IPO revival in Europe this year
Three-quarters of institutional investors are not expecting a ... The survey, carried out by UK-based investment bank ... The findings are based on a survey of ... European initial public offerings have a tendency to ... Shares in China State Construction Engineering Corporation shares...
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RAB Capital flagship slow to claw back losses
The performance of RAB Capital's Special Situations hedge ... Performance statistics from the listed fund that feeds ... The continued shortfall at the London manager remains ... Richards, who manages to the flagship fund, now ... Between the start and middle of this year,...
