Tag Archives: mapeley
Bahrain’s Investcorp H2 profit slumps on global woes
Reuters Dubai- Bahrain-based investment bank Investcorp’s INVB.BH profit in the six months to June 30 fell to about a third of the year-ago period as asset-based income dropped on global economic woes. The company, which generates most of its income […]
Hedge funds prove slow to adopt best-practice valuation
Wealth Bulletin- In January, 14 of the UK’s largest hedge funds, including Man Group, Brevan Howard and Gartmore, backed the Hedge Fund Working Group’s best-practice standards. These aim to improve governance and disclosure and to promote transparent and independent valuation. […]
Fewer U.S. hedge fund starts so far this year
Reuters UK- Roughly three dozen U.S. hedge funds have opened for business so far this year, 50 percent less than the same period last year, according to data released on Tuesday that underscored how tough it is to launch one […]
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 […]
Transpacific blames hedge funds for shorting stock
Sydney Morning Herald- The waste management business Transpacific has attempted to snuff out concerns about its ability to service its $2.6 billion of debts, arguing that the market has failed to recognise its "incredible cash flow" and the value of […]
Hedge fund assets jump to $2,900bn
Financial Times – Hedge funds have more than $2,900bn under management, according to a survey of valuers of their assets, sharply up on last year in spite of the credit crunch and a series of high-profile problems in the industry. […]
