03/19/2012
SVG Capital faces a shareholder revolt
This week SVG chairman Nicholas Ferguson surprised the market by stepping down, with insiders suggesting there was an entrenched feud with Mr Coller at the heart of the decision.
Alternative Investments
03/19/2012
Norway's sovereign fund reports $15-billion loss
The $600-billion fund, which invests the Norwegian state’s tax revenues from oil and gas activities abroad, suffered its third-worst result in percentage terms since its inception in 1998, declining 2.5 per cent.
03/19/2012
Metro Bank seeks £150m for expansion
The lender is due to open its eleventh branch in High Wycombe, Buckinghamshire, tomorrow, and has plans for a further nine branches this year and 200 branches over the next decade.
03/17/2012
Italy Said Paid Morgan Stanley $3.4 Billion In Jan To Unwind Derivatives Deals
Italy viewed the payment to exit the contracts as cheaper than to renew them, the person said.
03/16/2012
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.61% in February
Performance for the Broad Index and its 10 sub-strategies is calculated monthly.
03/16/2012
Skandia drops JP Morgan and Goldmans from funds
Skandia Investment Group (SIG) has dropped JP Morgan and Goldman Sachs from its global equity and European equity fund mandates respectively.
03/16/2012
RBC Dexia wins 'Leading UCITS Custodian and Fund Administrator' award
The Hedge Fund Journal selected RBC Dexia based on the company's depth and breadth of experience providing support and service to the alternative UCITS segment.
03/16/2012
Man Group Sees Hedge Fund Demand From Asia-Pacific Investors
Man Group is seeing demand for hedge funds from sovereign and institutional investors in the Asia-Pacific region, said Chief Executive Officer Peter Clarke.
03/15/2012
Ulster Bank to offload State Street HQ
STATE STREET bank’s Irish headquarters in the south Dublin docklands is expected to be offered for sale as part of Ulster Bank’s disposal of €1 billion of distressed property loans over the coming months.
03/15/2012
F&C reports £7.2bn net outflows in 2011
F&C attributed the fall in outflows and AUM to withdrawals from its strategic partners business.
03/14/2012
Canadian boost for Standard Life
A strong performance in Canada and further cost cutting has delivered a 28% increase in operating profit for Standard Life.
03/14/2012
Bumper Hedge Fund Launches as Performance Converges
The difference between the best and worst performing hedge funds is narrowing, according to new research, but the number of new funds being launched is still approaching pre-crisis peaks.
03/14/2012
Asian and Middle Eastern capital increasingly important driver to Central London
Sovereign wealth funds (SWFs) and cash-positive pension funds from Asia and the Middle East are an emerging force behind the high level of global capital currently flowing into the Central London commercial real estate market, according to the latest rese
03/13/2012
Palmer Capital acquires European Fund Management Business
MEI, headquartered in the Dutch city of Deventer, manages nine separate funds for Dutch investors all focused on Central and Eastern Europe. 24 staff from MEI will join Palmer Capital.
03/13/2012
Ardevora launches onshore income fund
The group has now decided to expand its offering by launching a joint venture with Margetts Fund Management, headed up by CEO Toby Ricketts.
03/13/2012
Iceland’s One-Time Billionaire Plots Retail Comeback on U.K. High Street
Jon Asgeir Johannesson, the former Icelandic billionaire being sued by the bank that helped fund his expansion into the U.K., is planning to build a new retail “kingdom” there once he emerges from litigation.
03/13/2012
Societe Generale SS to provide trustee and valuation services for French financial marketplace fund
Created in 2003, the asset manager NewAlpha is today a fully-owned subsidiary of OFI Group. With 47.2 billion euros in assets under management (as at the end of December 2011), it is one of the leading players in the French asset management market.
03/12/2012
7IM reduces TERs on funds of funds
The group said it had reined in its TERs using initiatives such as buying up baskets of stocks directly, rather than owning exchange traded funds, in sectors such as UK, US and Japanese equities.
03/12/2012
LSE to grab a big slice of LCH.Clearnet
The LSE will pay up to €463m (£387m) for a full 60 per cent stake and less if it only gets the minimum 50 per cent plus one share.
03/12/2012
Morgan Stanley teams up with UK partner on London development
The partnership will seek to “unlock significant value through redevelopment, refurbishment and other asset management initiatives” from office buildings in London, according to the statement.