101 articles found within the last year.
Displaying results 41 - 60
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Guest Comment: Let's hope we're ready for an 8p tax rise
There is little light at the end of ... The Chancellor’s forecast that the deficit will then ... On the positive side, the Budget has turned ... Tim Congdon, founder of Lombard Street Research, believes ... The equivalent of 2% of GDP is about ... The incoming government will also need to control...
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Henderson loses nearly a quarter of New Star assets
UK asset manager Henderson Global Investors said it ... Andrew Formica, chief executive of Henderson Group, which ... But Daniel Garrod and Hayley Tam, equity analysts ... Retaining New Star's assets, which amounted to £8.1bn ... Henderson saw New Star's own staff as critical...
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Walker review sets out UK banking reforms
Bankers should expect their large pay packages to ... Walker has proposed that the board-level remuneration committees ... He said there should also be a formal ... The review makes clear bonuses should be explicitly ... In a statement accompanying the publication this morning,...
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Bluecrest hedge fund shareholders to vote on portfolio future
Bluecrest AllBlue has become the latest listed hedge ... Shareholders in Bluecrest AllBlue, the listed hedge fund ... The ballot of £275m (€320m) AllBlue, which the ... The average 12-month discounts to NAV for AllBlue's ... The ballot of the three-year old portfolio of...
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Hedge fund with £100m salaries drops 90%
UK hedge fund manager Gradient Capital, which is ... The accounts of Gradient Capital Partners, a limited ... After taking into account administrative expenses and interest ... The accounts have just been published at Companies ... The hedge fund managed by the firm made ... The worst of Gradient's 2008 investment losses came...
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Guest Comment: City of London in danger of brain drain
The City of London is home to some ... More broadly, the Centre for Economics and Business ... While alternative global financial centres such as New ... They are not here for the weather or ... Now, however, there are signs that the ties ... Recent research by accountants PwC showed that when...
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UK bank stake paper losses fall 40%
Rallying share prices have helped trim paper losses ... The latest valuation of the unrealised losses on ... UKFI said its ordinary shareholdings in RBS and ... The valuations have meant the combined unrealised losses ... Despite the share price improvement, UKFI acting chairman...
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TCI profits hit record £555m on ABN Amro gain
UK hedge fund manager The Children's Investment Fund ... The manager reported an increase in revenue to ... This compares with £333m the previous year. ... The change in revenue from 2007 to 2008 ... However, TCI founder Christopher Hohn, in his report ... He added: "That said, the members are optimistic...
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Hedge fund body toughens governance stance
A global body representing hedge funds is putting ... The Hedge Fund Standards Board is consulting its ... Previously, the body went so far as recommending ... The HFSB has also said hedge fund assets ... Antonio Borges, the board's chairman, said: "The HFSB ... Hedge funds are under unprecedented pressure to engage...
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The British investment bank is back
It is one of the ironies of the ... As with the Wimbledon tennis championships, which start ... But that could soon change. Just when Britain ... Barclays Capital, HSBC and Standard Chartered are all ... The past 10 years have seen a rapid, ... Fast-forward to the end of last year and...
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Bankers take to private jets in search of deals
London City Airport recorded a 44% increase in ... The number of passengers that travelled by private ... A spokeswoman for the airport said: “The ... About 85% of the passengers travelling by private ... Those who travel by private jet are not ... The number of passengers may be a leading...
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News Analysis: How the world's largest asset manager will shape up
BlackRock and BGI are set to merge, creating ... The two asset managers are primarily focused on ... Combining the two companies' assets, based on their ... At the time fixed income assets accounted for ... At BlackRock, 43% of its assets were in ... At Barclays Global Investors, 53% of its assets...
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UBS parts company with head of sterling bonds
The head of sterling-denominated bonds at the asset ... Nic Barnes has resigned from UBS Global Asset ... The fund’s performance also puts it in the ... Barnes' responsibilities are being absorbed by Bob Jolly, ... UBS’ funds investing in debt across a number ... John Dugenske was appointed as head of US...
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FTSE bosses' pay rises as shareholders and workers lose out
The pay packages of the UK's 100 top ... In terms of relationship breakdown between big companies ... According to the voting agency Manifest, the average ... In the same period, average UK earnings went ... During 2008, three-quarters of chief executives received a ... Anger at perceived "rewards for failure" and board...
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Listed hedge fund proposes own winding down
Despite signs that the battered $1.3 trillion (€916bn) ... In recent weeks, there have been signs of ... This followed hedge funds being up 4% at ... Nevertheless, Financial Risk Management's $70.2m Diversified Alpha fund ... Greg Taylor, FRM's head of product development, said:...
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Toscafund makes a comeback with 25% gain
Toscafund, a UK hedge fund manager that was ... The firm's main fund, run by founder Martin ... Toscafund - which had to face an investor ... Dalman said: "It's nice to be back. Clients ... But the decline in assets under management and ... Dalman said he never lost confidence in the...
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FSA staggers fine as trader pleads 'hardship'
A Morgan Stanley trader who was dismissed in ... Matthew Piper, a former proprietary trader on Morgan ... The FSA today banned him from any roles ... Piper, whose address listed by the FSA is ... Morgan Stanley also received a £1.4m fine from ... The US bank joins rivals Citigroup, Deutsche Bank...
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GLG amends debt covenants as assets fall $1bn
Mixed performance in the investment strategies of GLG ... Assets under management at the group fell from ... The majority of the decline was down to ... Strong performance in its alternative investment strategies during ... GLG’s alternative strategy funds returned 4.4% in the...
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Bramdean attracts mystery bidder despite losses
Bramdean Alternatives, the listed fund of hedge funds ... In an announcement to shareholders this morning, the ... Bramdean did not reveal the identity of the ... According to the report, by the end of ... At the end of last month Bramdean Alternatives' ... The announcement of a potential takeover comes after...
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London hedge funds boutique sells out to private bank
One of the oldest funds of hedge funds ... Integrated Asset Management will dispose of Altigefi, the ... Sal Oppenheim already owns 49% of Altigefi and ... Integrated will be left with about $400m in ... Shares in Integrated, which is publicly-listed on London's ... Integrated's funds under management halved in the final...
