Tag Archives: finance
Fortis sells hedge fund International Asset Management
Reuters – Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management IAM.L as part of a strategy to bolster its balance sheet. Fortis said in a statement it had sold London-based […]
UBS considers Paine Webber sale in review
Reuters- Beleaguered Swiss bank UBS is considering the sale of Paine Webber, the heart of its U.S. wealth management business, according to sources with direct knowledge of the matter. UBS is under pressure from the Swiss financial watchdog and from […]
Foreign wealth pours into London’s hedge funds
Guardian.co.uk- Foreign sovereign wealth investors are targeting London’s hedge fund industry as they seek to boost returns on their vast savings, much of it generated from trade with the west in oil and other commodities. The hedge funds have seen […]
Hedge funds to back £4.5bn Barclays issue
Financial Times- Several of London’s largest hedge funds are backing Barclays’ £4.5bn ($8.9bn) capital increase, underscoring the complex roles they are playing in the recapitalisation of the UK banking sector. GLG Partners, Lansdowne, CQS and Och-Ziff have all agreed to […]
Borges named chairman of hedge fund rules board
Reuters- Antonio Borges, a former senior banker at Goldman Sachs, has been appointed chairman of the Hedge Fund Standards Board (HFSB), the custodian of the voluntary standards scheme devised by leading members of the sector. Borges, vice chairman of Goldman […]
What is it like working for a hedge fund?
BBC News- Hedge funds tend to be based well away from London’s financial hotspots such as the City and Canary Wharf, in districts such as Mayfair. But his employer, Lionhart Investments, is based next door to the golf club in […]
An Investcorp fund has won a top European hedge funds award.
Gulf Daily News- An Investcorp fund has won a top European hedge funds award. Investcorp Stoneworks Global Macro Fund won the best newcomer award at Hedge Funds Review’s European Performance Awards in London. The awards recognise leading hedge fund managers […]
Hedge fund attacks Lion on Indophil sale plan
The Age- Plans by Melbourne-based Lion Selection to sell its stake in Indophil to Xstrata for $1 a share have come under attack from London hedge fund Carrousel Capital. The move raises the prospect that Indophil can turn the tables […]
UK advises China on private equity industry
Forbes.com – The UK government is advising China on its private equity industry, with the Treasury passing papers on tax and regulation to Beijing, the Financial Times reported. The newspaper said the move reflects London’s desire to gain a strategic […]
Hedge funds push boat out for Ark charity
Times Online- This week, some of the City’s wealthiest people will descend on a lavish party in London intent on giving away a large chunk of their personal fortunes. More than 1,100 will pile into the Absolute Return for Kids […]
Brevan Howard’s BH Global raises $1 bln from London IPO vs target $500 mln
Thomson Financial- BH Global Ltd., the second fund of hedge funds feeder fund to be floated by Brevan Howard Asset Management LLP, said it has raised $1 billion from its initial public offering in London, twice the amount expected. Lord […]
