Tag Archives: newcastle
Rushbrook accuses hedge funds of rights exploitation
The Herald- Bearish fund manager Ian Rushbrook has moved the £190m Personal Assets Trust (PAT) from zero to 75% in equities in recent weeks, and is overweight in banks, he told the trust’s shareholders yesterday. But the veteran manager, who […]
Hedge Funds Surpass Mutual Funds In Equity Trading Volume
CNNMoney.com- An equity investors study by Greenwich Associates showed trading volume generated by hedge funds surpassed mutual funds last year and now ranks second only to traditional asset-management shops. The financial-consulting firm said the influence of hedge funds as a […]
Ko, former Bear trader, launches hedge fund
Reuters- Melissa Ko, a former star trader at Bear Stearns, has formed a new hedge fund called Covepoint Capital with nearly $1 billion in assets, according to a letter the firm sent to investors on Monday. Ko ran Bear’s Emerging […]
Delphi hires bank to sell brake unit
Detroit Free Press- Delphi Corp. has hired a Detroit investment bank to find a buyer for its brake business, which has been for sale for more than two years. The Troy supplier said Monday that it hired W.Y. Campbell & […]
Wall Street’s woes escalate ahead of earnings wave
Yahoo News- Investors can’t seem to catch a break — Wall Street again starts a week with oil prices at their highest levels yet, and banks poised to reveal that they remain on shaky footing. None of the troubles that […]
E&Y wins Caymans hedge fund row
The US Supreme Court has thrown out negligent audit claims made against Ernst & Young in the wake of a hedge fund collapsing. Liquidators sued the firm’s Cayman Islands unit, accusing E&Y of performing a below-par audit of the Beacon […]
Ameriprise to buy J&W Seligman
Star Tribune- Minneapolis Star Tribune- A terrible year for financial stocks isn’t keeping Ameriprise Financial Inc. from growing. The Minneapolis-based financial planning and insurance company announced Monday that it will acquire the asset management firm J&W Seligman & Co. Inc. […]
CAAM says Brazil best Latin American bet
Reuters- Investors betting on Latin America should be overweight Brazil, the region’s top economy, at the expense of exposure to Argentina, Mexico and Chile, a Credit Agricole Asset Management (CAAM) executive said on Monday. They should also be overweight the […]
The last-minute surprise that is ‘maintaining consumer confidence’
Times Online- Proper consultation is the rock upon which good regulation is founded. And for the Financial Services Authority, consultation is in its DNA. So when it does the unthinkable and drops a bombshell without warning or discussion — as […]
Harneys announces merger with Cayman Islands firm
Legal Business Online- Offshore law firm Harney Westwood & Riegels has announced a merger with Cayman Islands firm CS Gill & Co. The merged firm, trading under the Harneys banner, will open in CS Gill’s existing premises in the Genesis […]
Hedge fund managers betting on plunge in bank shares
The Independent- The American hedge fund group Harbinger Capital Partners revealed that it has made a significant bet on HBOS’s price falling, while its UK counterpart GLG admitted it is targeting the rival mortgage bank Bradford & Bingley, as investors […]
