Mr. Keitel believes that equity markets are further trending in positive direction due to improved global macroeconomic conditions, stabilizing policy measures taken in Europe, and the European Central Bank’s strong liquidity support for Eurozone ba
The London- and Hong Kong-based emerging markets specialist, established in 1998, is returning money to outside investors and is in the process of spinning out its final vehicle
Shrugging off a disappointing 2011, in which the average hedge fund lost around 5 percent according to HFRI, managers profited from gains in most assets as investors bet a solution could be found for the euro zone's deepening debt crisis.
At a press conference to present Santander's full-year results, Botin didn't elaborate on the negotiations, nor did he disclose the name of bank that could be purchased.
The dispute centres on how much power should be given to an EU agency to oversee derivatives, one of the most opaque areas of finance, and once described as "financial weapons of mass destruction" by billionaire investor Warren Buffett.
Hoare Govett had been one of the most historic and prestigious brands in British stockbroking for much of the 20th century, along with Cazenove, but analysts felt its brand value had been diluted after it got absorbed into ABN AMRO.
Crucially, each sale, which in the past has sometimes been recorded by no more than a fax, will be registered centrally for regulators to see.