Tag Archives: savings-banks

More jobs axed and rents fall in hedge-fund land

Guardian Unlimited – Wolseley, the world’s biggest trade distributor of plumbing and heating supplies, said it was cutting 2,000 jobs in the UK. The group, which earlier this year said it was cutting more than 5,000 jobs, mainly in the […]

600 jobs likely to go at Goldman

Guardian Unlimited – The threat of further redundancies hung over the City last night as it emerged that the investment bank Goldman Sachs is expected to cut at least 600 jobs in London. A wide-ranging cull of hedge funds in […]

Hedge funds set student loan firms in their sights

Guardian Unlimited – After being accused of precipitating the present financial crisis by short-selling banks, hedge funds are now turning their attention to student loans. Jim Chanos, founder and president of Kynikos, one of the best known short- selling hedge […]

Jordan makes it crystal clear: life at the Palace has become impossible for a mere millionaire

Guardian Unlimited – When Simon Jordan bought Crystal Palace in July 2000, flush with £36m from selling his mobile phone company to One2One, the club’s fans could hope that he would deliver Premier League football and a ground shinier than […]

Peace breaks out in Yahoo leadership row

Guardian Unlimited- The struggling internet company Yahoo has struck a pact with its billionaire critic Carl Icahn by giving the hedge fund activist a minority presence on its board to avoid a potentially tempestuous showdown at a shareholder meeting next […]

Asset manager Aberdeen says funds grow 6 pct

Guardian Unlimited- Aberdeen Asset Management said on Friday its assets had grown 6 percent despite turbulent markets and had also earmarked higher cost savings to offset falling earnings, pushing its shares up. The fund manager said its assets under management […]

UK fund tries new tactic in face of Japanese ban

Guardian Unlimited- The Children’s Investment Fund has bought shares in two major investors in the Japanese company J-Power, weeks after its attempt to double its stake in the electricity supplier was blocked by the Japanese government. The hedge fund – […]