102 articles found within the last year.
Displaying results 1 - 20
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GLG third-quarter loss narrows on fewer charges
Hedge-fund manager GLG Partners' third-quarter loss narrowed on ... The hedge-fund industry has improved its standing this ... GLG posted a loss of $114.6m (€77.1m), or ... Excluding acquisition-related compensation expenses and other costs, the ... Revenue slid 53% to $48.2m....
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Institutions punish Man – although not as much as some expected
Institutional investors have pulled nearly a third of ... However, the size of the redemptions are not ... The world's largest investor in hedge funds reported ... Man's latest financial statement showed institutional investors pulled ... The redemption requests have been mainly coming in...
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Veteran funds trio joins wealth manager
UK wealth manager St James’s Place has added ... Vivian Bazalgette, the former chief investment officer at ... Bazalgette and Dunscombe will have the job of ... The group contracts out the management of its ... Ralph, who will become full-time CIO, has experience ... Maia Capital was shut down in July, following...
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Lipper FMI co-founders depart data group
The co-chief executives of Lipper FMI, who played ... Diana Mackay and Rodney Williams have quit the ... Mackay told Financial News: "We have built up ... The group crunches data on 45,000 retail funds ... Mackay and Williams started the business, originally backed ... Mackay did not rule out a non-competing comeback...
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Balanced funds buoyed by best returns in 34 years
Fund managers running balanced mandates – multi-asset funds ... Balanced funds – once the investment of choice ... The best-performing fund managers during the quarter were ... However, over the longer term, the best-performing balanced ... Balanced managers have been steadily increasing equities allocations...
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The difficulty of winding down a hedge fund
Many investors in hedge funds last year found ... Collingham Investment Fund announced at the end of ... The board said at the time: "Many hedge ... It said that it had planned to get ... But last week, it said that it has ... In a stock exchange statement, Collingham said that...
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UK investors' billions push funds to record year
UK retail investors have put a record £19bn ... Retail investors placed a net £2.7bn into funds ... Over the first nine months of the year, ... Before September, corporate bond funds had taken in ... M&G Investments, the funds arm of UK insurer ... The third most popular funds last month were...
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Star financials manager set for Jupiter return
Guy de Blonay, the New Star manager regarded ... De Blonay will join Jupiter in January, according ... De Blonay and Gibbs are among the best-known ... Gibbs' £1.3bn financials fund at Jupiter was the ... Before working at New Star, De Blonay began ... De Blonay is still at Henderson and will...
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Credit rally boosts BlueBay fees
BlueBay Asset Management, the specialist bond investor hit ... The London-listed company's assets grew by 28% from ... Daniel Garrod, financials analyst at Citibank, said almost ... He said the $1bn fund hit new highs ... Clients invested $3.8bn of new money with the ... The rise in BlueBay's assets so far this...
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Local government chief calls for retirement at 70
The chief executive of one of the biggest ... Mike Taylor, chief executive of the £3.2bn (€3.5bn) ... He said: "A phased increase in the retirement ... Taylor also suggested other changes to make public-sector ... Since public-sector pensions still generally take the form...
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Brevan Howard wins shareholder support
A listed fund that allocates money to products ... The vote by shareholders to continue their commitment ... The ballot on the fate of the third-largest ... Lord Turnbull, BH Global's chairman, called the vote ... BH Global's shares fell by 26% after listing ... After the falling share markets and investment losses...
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News Analysis: Fischer set to reboot Kleinwort Benson
Leonhard Fischer, chief executive of RHJ International, wants ... Kleinwort Benson is a medium-sized wealth outfit employing ... Fischer said in a statement: "Kleinwort Benson is ... The Kleinwort Benson brand has roots in the ... Fischer used to serve on the executive board...
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City bankers expect bigger bonuses despite clampdown
Almost two thirds of City of London workers ... The report by recruitment consultants Morgan McKinley also ... Eighty two percent of the 200 financial service ... Andrew Evans, managing director of Morgan McKinley’s financial ... When asked if there were plans to restructure...
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Man Group has FTSE's best-paid finance director
Kevin Hayes, finance director of listed hedge-fund manager ... But Hayes' 2008 package fell far short of ... FDs, along with other directors, have taken a ... However, she added that the lower remuneration packages ... The financial services sector has been particularly hard...
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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...
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UK watchdog mulls widening scope of short disclosure
The UK's financial market watchdog has mooted the ... The Financial Services Authority today said it could ... But it added that it would await any ... In shorting, speculators such as hedge funds sell ... In September last year the FSA banned taking ... However, in a report it published today, based...
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UK funds industry set for record year
Investors have placed a net £18.5bn (€20bn) into ... The Investment Management Association said investors put a ... Funds under management in UK open-ended funds reached ... This year's inflows come after the only full ... The statistics track flows into UK open-ended investment...
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Hedge fund investor forces independent valuations
The hedge funds investor, founded by prominent manager ... Investors have increasingly pushed for independent fund valuation ... Eric Bissonier, the chief investment officer of EIM, ... EIM brings $9bn (€6bn) in assets to the ... Peers that have done the same with their...
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Ex-Marshall Wace star returns with hedge fund start-up
One of the most important partners at Marshall ... Daoud Zekrya, who was jointly responsible for running ... Zekrya departed Marshall Wace last November to begin ... Belay is seeking authorisation from the UK watchdog ... The third founding partner at Belay will be ... One London-based investment consultant said: "Belay will be...
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London fund overhauls equities managers
The London Borough of Harrow, a local-government authority ... The Harrow fund is over 70% invested in ... The fund's governing investment panel wrote: "The overall ... As a result it instigated a review of ... Jennifer Hydari, divisional director of finance and procurement,...
