101 articles found within the last year.
Displaying results 81 - 100
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Four share £37m as hedge fund raises profits tenfold
The European arm of one of one of ... London-based Paulson Europe, a partnership, increased its profit ... The profits reflected an increase in the partnership's ... The profit is available for distribution to the ... The remaining profit, amounting to more than £5m, ... The financial statements said the partnership had, in...
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Arabs line up for Chelsea match
A Swiss private equity firm is eyeing a ... Falcon Equity, a Switzerland and Jersey-based private equity ... Russian oligarch Roman Abramovich, the owner of Chelsea, ... A spokesman for Seymour Pierce, the investment bank ... Falcon's move comes as reports suggest Kuwait’s Al-Kharafi...
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Tosca points redeeming investors to improved performance
Toscafund, the UK hedge fund which lost over ... In a letter to redeeming shareholders seen by ... However, Toscafund narrowly avoided giving up the last ... Toscafund, which was down as much as -67% ... A source close to Toscafund said the performance ... The fund said that some investors that had...
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RAB Capital seeks new staff despite asset tumble
London-based RAB Capital is understood to have spoken ... It is believed RAB has not found a ... The options granted to new chief executive Stephen ... RAB declined to comment on its hiring plans. ... Dow Jones newswires reports that RAB Capital said ... Assets were $1.9bn (€1.4bn) at the end of...
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Ashmore assets down by more than a fifth
Ashmore Investment Management, a specialist emerging-markets fund manager, ... Ashmore's assets under management fell 23%, from $31.9bn ... In its three-month trading update today, the company ... However, Nitin Arora, an analyst with the boutique ... He pointed out there had been a flow...
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News analysis: Man Group offers hope to rival hedge funds
The business figures published this morning by UK-listed ... The net amount of capital withdrawn by investors ... Foreign exchange movements and the fact that it ... Investors' willingness to stay comes as something of ... True, Man Group avoided the worst of the ... Its single manager strategy, AHL, has made money...
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Study uncovers large inconsistencies in Madoff investments
Documents showing details of Bernard Madoff's funds highlighted ... A study of the documents by New York ... The report said the "small steady consistent returns" ... Madoff bought shares in about 50 large US ... Infovest said: "It is implausible that the S&P...
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FTSE 100 chiefs lose millions on company stakes
FTSE 100 chief executives lost more than £4m ... A FTSE 100 chief executive held on average ... The research estimates that the chief executives lost ... The sharp drop in the value of assets ... Simon Lough, chief executive of Heartwood said: “Sometimes ... He added: “CEOs typically spend about five years...
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Prime London rents slump record 9.6%
Rents in prime central London fell 9.6% in ... There has been an increased demand for rental ... However, this has been outweighed by the sheer ... Increasingly, those owning property in prime central London ... Liam Bailey, head of residential research at Knight ... He added: “As a result, the owners of...
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News Analysis: SGAM is a smart scoop for GLG
The sale of Société Générale's UK asset management ... The deal marks an anti-climax to Société Générale's ... SGAM currently manages $8.2bn (€5.8bn), against the group’s ... But only in a monetary sense. For GLG ... Crucially, from GLG’s perspective, Jean-Pierre Mustier, the former...
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Survey warns of UK financial expat exodus
More than one in 10 of the UK’s ... A survey of 550 financial professionals published today ... The majority of those expecting to leave the ... John Benson, founder and chief executive of eFinancialCareers, ... The survey also found that 53% of respondents ... The poll comes just days after a high-level...
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All aboard the 'London Abroad' single board promotional float!
A high-level executive taskforce led by Merrill Lynch’s ... The establishment of a new financial services representation ... It would be funded jointly by industry and ... Wigley, chairman of Merrill Lynch’s business in Europe, ... The panel, which canvassed the views of 100...
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Two third of investors expect to reach private equity allocations
Fears over fundraising and commitment defaults look set ... A survey of 107 investors by secondaries firm ... The study showed 28% of North American investors ... In 2004 Coller conducted the same survey and ... Jeremy Coller, founder of Coller Capital, said private ... In the boom period before last summer's credit...
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Slumping renewables sector slammed for poor management
Renewable energy companies have suffered from poor management ... Tom Murley, head of renewable energy at buyout ... Speaking yesterday at Financial News’ Green Investing conference, ... He urged companies in the sector to give ... He said companies must avoid further damage by...
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Anthony Brooke takes his bow
Veteran investment banker turned asset manager Anthony Brooke ... Brooke sent a brief email to his clients ... A science graduate of Cambridge University who went ... Among his clients in the 1980s was retailer ... He joined Barclays' investment banking arm BZW in ... He drew attention in 2000 when he became...
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Credit Suisse begins second London cull
Credit Suisse is cutting 10% of its London-based ... Consultations began today with UK staff on 650 ... The latest round of cuts will take the ... Credit Suisse issued a statement blaming the latest ... It wrote: “Due to market conditions and projected ... Staff working in Credit Suisse’s proprietary trading business...
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FSA proposes two-tier system for London listings
The Financial Services Authority has proposed the creation ... Under the proposals, UK listings would be clearly ... There were concerns that secondary or global depositary ... Sally Dewar, FSA managing director of wholesale and ... Premium listings will have to meet the UK’s...
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UK funds drop 11% in October
The UK's fund management industry, which is the ... Withdrawals from institutional clients dwarfed those from retail ... Richard Saunders, chief executive of the IMA, said: ... Nevertheless, for the industry as a whole, the ... During the past 12 months, the total assets ... The most popular of the IMA's fund sectors...
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News analysis: Shining a light into Woolies' £150m pension hole
The entry of UK retail chain Woolworths Group ... In a brief glance at Woolworths' most recent ... However, in reality, the deficit is likely to ... Woolworths has a final salary scheme that is ... But the company's entry into administration this morning ... It also means the companies that run the...
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Asset managers support bank pay
Despite criticism of bankers' pay by some investors ... In a report yesterday, Pirc noted that: "No ... Directors at Barclays, HBOS, Lloyds and Royal Bank ... Pirc did point out, however, that fund managers ... According to publicly-available voting records, at least one...
