Cofunds announces £7.1m profit for 2011‎

Chief executive Martin Davis says: “Our sustained profitability enables us to make significant investment back into the business ensuring we can continue to deliver the services and support that our clients need in this pivotal year.”


Man Group to launch computer-driven bond hedge fund

Hedge fund manager Man Group is developing a computer-driven government bond fund, aiming to attract investors put off by the ultra-low yields in many developed fixed income markets and worried about further debt defaults.


Barclays, Standard Chartered Back London Bid for Yuan Hub

Institutions in the U.K. capital currently have more than 109 billion yuan ($17 billion) of customer and interbank deposits in the Chinese currency and that is “growing strongly,” according to a policy paper by research firm Bourse Consult rel


Jupiter assets climb

Net mutual fund flows were also healthy, Jupiter said, as it reported its interim results to investors.


The lure of diamonds

With an expected market capitalisation of between $3bn (£1.9bn) and $4bn, it could well end up in the FTSE 100 itself.


Central Bank said to buy Anglo Irish Tower

The bank will buy the building on North Wall Quay from the National Asset Management Agency, said the person, who asked not to be identified because the details are private. Anglo


HSBC Mulls Maiden Offshore Yuan Bond

The London-based bank is conducting conference calls with investors in Hong Kong, Singapore and the U.K. Tuesday to gauge interest for such an issuance, according to a person familiar with the situation.


Deutsche Bank To Decide On Guggenheim Bid Tuesday - Sources

U.S. financial services firm Guggenheim Partners, which entered exclusive negotiations with the bank on the sale, has until the end of this week to make a detailed bid for the operations, which could be worth around EUR1.6 billion, below the previously s


Prime brokerages consolidate after "big bang"

Hedge funds are cutting back on the brokerage accounts they hold as the prime brokerage industry begins to consolidate more than four years after the Lehman Brothers bankruptcy blew the sector wide open.