Tag Archives: london
Integrated changes tack with deal to sell hedge funds
Reuters – Integrated Asset Management said on Wednesday it is repositioning as a pure play brokerage business after agreeing to sell a 51 percent stake in its French fund of hedge funds business. The firm, listed on London’s AIM market, […]
Nearly 20 pct of Asia hedge funds close since ’08
Forbes – Almost 20 percent of Asia’s hedge funds closed shop since the start of 2008 as a wave of investor redemptions and sharp losses amid the financial crisis took a heavy toll on the region’s once high-flying industry, a […]
UK’s Lloyd’s plans bond buyback at big discount
Guardian.co.uk – Lloyd’s of London, the specialist insurance market, has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a hefty discount. The offer applies to fixed/floating rate subordinated notes due 2024 and subordinated […]
Hedge Fund’s Book May Have Fallen 75%, FRM’s Tomlinson Says
Bloomberg – Assets owned by hedge funds including borrowings may have fallen by 75 percent to a decade- low, with less competition paving the way for better returns, said Blaine Tomlinson, chairman of Financial Risk Management Ltd. The total book […]
Greenwich Investor Starts Advisory Firm in Stamford
American Chronicle – An investment professional from Greenwich with more than 20 years of experience is going out on his own by starting a Stamford-based advisory firm for small- to medium-size companies from here to Texas. Peter Schweinfurth, a former […]
Gold, Little Changed in London, May Fall on Lower Hedge Demand
Bloomberg – Gold, little changed in London, may drop on lower demand for an inflation hedge after U.S. consumer prices posted their first annual decline since 1955. The consumer price index fell 0.4 percent in March from a year earlier, […]
IOSCO to outline new role of regulators at conference
Jerusalem Post – While the recent G-20 summit in London provided world financial leaders with the opportunity to begin charting a path of recovery for the ailing global economy, the work to build the markets up and to ensure that […]
Investcorp plans $500 mln U.S. property debt fund
Reuters – Bahrain- and London-listed investment house Investcorp INVB.BH plans to set up a fund worth up to $500 million to invest in U.S. real estate-related debt, its managing director said on Thursday. Investcorp’s Managing Director Khalid al-Rumaihi told Reuters […]
SUMMIT-SNAP ANALYSIS-G20 adds flesh to regulatory bones
CNN Money – They are finally getting more serious on regulation. But success will hinge on delivery, not just detail. The G20 summit in London will adopt a more detailed approach to overhauling the world’s financial rules in a bid […]
Man Group to Cut Jobs as Profit Falls, Assets Drop
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the […]
Weavering to Liquidate Largest Fund Amid Swap Probe
Bloomberg – Signet Capital Management Ltd., a hedge fund investor that overseas about $2 billion, wrote down to zero an investment in Weavering Capital, the London-based hedge fund that filed for administration last week. PricewaterhouseCoopers LLP is liquidating the $506 […]
Weavering Capital collapses over mystery trade
Times Online – Weavering Capital, one of London’s oldest hedge funds, was today in the hands of liquidators just a week after it discovered that its flagship fund’s main investment was a derivatives trade with an offshore company controlled by […]
