163 articles found within the last year.
Displaying results 101 - 120
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72 Hours
Government officials and bankers raced the clock through ... Chief executive Alan Schwartz, chief financial officer Sam ... Federal Reserve chairman Ben Bernanke, Tim Geithner, president ... En route home from his worst day on ... After a long day of due-diligence meetings with...
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Hedge funds slow to open gates
Around one in six hedge funds continued to ... At the end of the first quarter of ... While this is a high proportion, it is ... At least 100 European funds restricted withdrawals, according ... Although hedge funds made a 1% gain on ... In a separate study by Bank of New ... Alexandre Col, head of the investment fund department...
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Mexico travel cancelled as banks guard against swine flu
Investment banks across the US and Europe are ... Royal Bank of Scotland has said that that ... Barclays, like RBS, has banned all business travel ... A spokesman for Citigroup added that the bank ... Standard Bank has also told any staff showing ... British bank Abbey has also told staff not...
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Pellegrini taps a former Merrill economist for firm
Paolo Pellegrini, the hedge fund manager who helped ... Alex Patelis, 38 years old, starts this week ... Pellegrini, 52, in December left John Paulson's hedge ... Much of Pellegrini's personal wealth came from Paulson ... As co-manager of the firm's big credit funds, ... Pellegrini, an Italian with a Harvard Business School...
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UBS hires new chief of European credit in week of departures
UBS has hired the former head of European ... Derrick Herndon, who left Credit Suisse last year ... UBS has confirmed Herndon’s appointment. ... Kengeter, formerly global head of UBS’ fixed-income currencies ... Other senior departures from UBS in the past ... ... Raber’s other co-head was Michael Schmidt, who, as...
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Ex-UBS fixed-income star joins MUFJ
The former global co-head of rates at UBS ... Sascha Prinz, who was previously global co-head of ... Once he joins he is expected to report ... MUFG were unavailable for comment. Prinz was also ... Rates is one of the most lucrative investment ... The restructuring of UBS’ FICC business in January...
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BlueBay goes long as hedge funds struggle
Funds at BlueBay Asset Management rose to almost ... Assets under management at the London-listed group rose ... Six months ago BlueBay managed $20.5bn, including $5.4bn ... However, stock analysts at brokers Noble pointed to ... Fees from long-only funds now account for 62%...
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BofA Merrill takes $500bn wealth hit
The combined net client assets managed by Bank ... Total net assets of wealthy clients managed by ... However, the latest numbers include assets managed by ... At the end of the third quarter last ... It is understood that a large amount of ... Bank of America Merrill Lynch declined to comment....
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UBS to cut about 2,000 in US wealth management
UBS plans to cut roughly 2,000 jobs in ... The layoffs, expected to occur next week, are ... The cuts in the US are expected to ... Last Thursday, UBS Wealth Management US head Marten ... In the US, UBS had 8,182 financial advisers ... In March, UBS said it would sell up ... Shares of UBS recently traded up 21 cents,...
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UBS Wealth Management US plans lay offs
UBS' US brokerage business plans to lay off ... UBS Wealth Management US head Marten Hoekstra disclosed ... Hoekstra told the financial advisers that, just because ... A UBS spokesman declined to comment about the ... In recent weeks, analysts and industry observers have ... Last month, UBS said it would sell off...
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Goldman Sachs promotes Rominger to CIO
The head of Goldman Sachs Asset Management's fundamental ... Eileen Rominger will take overall charge of GSAM's ... According to an internal memo, GSAM has created ... Steve Barry, co-chief investment officer of growth equities, ... At the same time, Goldman Sachs has also...
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Asset management M&A dips in Q1
Mergers and acquisitions in the asset management sector ... Analysts at Jefferies Putnam Lovell, who track M&A ... There was a big jump in the value ... In a statement accompanying the figures, Aaron Dorr, ... Since the end of the quarter, Barclays has ... One asset management chief executive, involved in dealmaking,...
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Charities fear their funding crisis can only get worse
The three virtues – faith, hope and charity ... If past recessions are anything to go by, ... Renu Mehta, founder of Fortune Forum, a charity ... Nearly a thousand charities in the UK shut ... Sixty one per cent said they were concerned ... A spokeswoman from Oxfam said: “Each pound that...
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US buyout firm is new 'master of the universe'
A US buyout firm has acquired the rights ... Boomerang Media, a portfolio company of Chicago-based private ... GTCR is managed by Eric Ellenbogen and John ... Financial details were not disclosed. ... At the height of the buyout market in ... Industry trade body The British Private Equity and...
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Bridgewater joins queue for PIPP involvement
Bridgewater Associates, whose founder Ray Dalio was the ... Bridgewater, which manages around $80bn (€58.9bn) in assets ... The client note said: "We might be interested ... Bridgewater manages funds for investors including world governments ... Dalio, who founded Bridgewater 30 years ago, was...
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Pay cuts hit hedge fund staff
Staff at hedge funds suffered a 16% cut ... The average total pay cheque in the industry ... The dramatic drop in compensation reflected the 19% ... One respondent to the survey, said: "The whole ... The survey, whose initial findings were published online ... Hedge fund chief investment officers earned, on average,...
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Fitch cuts Berkshire Hathaway credit rating
Fitch Ratings cut its credit ratings on Berkshire ... The rating agency has been reviewing ratings of ... Fitch said Berkshire's potential earnings and capital volatility ... Shares of Berkshire, owned by billionaire investor Warren ... The firm does consider the diversity of Berkshire's...
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UBS restates 2008 loss
UBS, which in 2008 reported the biggest ever ... It said its 2008 net loss was now ... It had already indicated it would charge the ... UBS said that apart from the settlement agreements ... "Even after substantial risk reduction, our balance sheet ... "Net new money remains positive for our Wealth...
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EFG hedge fund unit feels the heat from investors
It seems that even being one of the ... This is one of the first insights into ... Marble Bar’s three main funds ended last year ... Marble Bar’s investors took about 45% of their ... By contrast, he said many funds with 60 ... Nevertheless, Hayeem said Marble Bar would do the...
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Merrill's $10m men
As bad as 2008 was for Merrill Lynch, ... While Merrill staggered, 11 top executives were paid ... New York Attorney General Andrew Cuomo has subpoenaed ... The Wall Street Journal has identified most of ... Much of the 2008 pay came from bonuses, ... Some of Merrill's senior executives, including John Thain,...
