Saturday, 7th November 2009

 

MUFJ continues Western expansion with Capula stake

MUFG, Japan’s biggest banking conglomerate, has continued its Western expansion with the acquisition of a stake in Capula Investment Management, the $4bn (€2.9bn) UK hedge fund, according to a report in the Financial Times.

Capula, launched in 2005 by Yan Huo and Masao Asai, has already divested a 20% holding to Petershill, a Goldman Sachs fund - a transaction estimated to have been worth up to $100m.

Tags: Capula Investment Management , MUFG

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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