05/21/2012
Man Group to buy hedge fund business
The combined multi-manager business will have total funds under management of approximately $19 billion, making it the largest independent non-US based fund of hedge funds.
05/18/2012
Citi has been ranked #1 in global custody services by the world's leading asset managers, asset owners and banks in the 2012 Global Custody Survey compiled by Global Investor.
05/18/2012
The institution is aiming to raise £1m to establish the University of Cambridge Enterprise fund, which is an SEIS and enterprise investment scheme (EIS) vehicle.
05/18/2012
In accordance with the MoU, the two exchange organizations are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments.
05/17/2012
The risk of losses is tallied by the bank using a so-called value at risk (VaR) calculation.
05/17/2012
Vanguard is to make its long-awaited move into the UK exchange-traded fund arena with the launch of five physically-backed products.
05/16/2012
Swiss fund-of-hedge-funds manager makes Asian acquisition
Gottex Fund Management Holdings has announced that it has reached agreement on the acquisition of Hong Kong based Penjing Asset Management, one of the primary Asian alternative asset management providers. Ronnie Wu, founder and CIO of Penjing, will join
05/16/2012
This industry benchmark survey result demonstrates the bank’s consistent delivery of best-in-class products and client service.
05/16/2012
2012 and announced the next regular quarterly dividend of $0.015 per share would be payable on June 12, 2012 to shareholders of record on May 29, 2012.
05/16/2012
“The transaction … has significant strategic value to us, not only as a standalone business but also in its complementary capabilities to RBC.”
05/16/2012
The bank was forced to book provisions for risky loans of 970 million euros over the quarter, a 43 percent rise compared to a year earlier, as credit quality deteriorated in Italy due to a deep economic recession.
05/16/2012
The Metro bank is still a very small player in the U.K., dwarfed by the "big four"--Lloyds Banking Group PLC (LYG), Royal Bank of Scotland Group PLC (RBS), Barclays PLC (BCS) and HSBC Holdings PLC (HBC).
05/15/2012
But as well as buying into telecoms provider BT, Moore (pictured), said he bought into Barclays because 2011'a difficulties made it underpriced even though this year it is in a stronger position.
05/15/2012
Alexander Baziyan, a spokesman for Moscow-based Sberbank, declined to comment on the process or Denizbank’s valuation. A spokesman for Dexia declined to comment.
05/15/2012
It will include an entry-level execution only proposition, a service for investors who do not need on-going financial advice but want guidance and a proposition for clients receiving full advice.
05/14/2012
How does a global bank like RBS coordinate its efforts to control its energy, water and waste?
05/14/2012
Lloyd's of London eyes emerging markets
Its website shows Lloyd's has 34 offices around the world, though more than half are in Europe.
05/14/2012
Thousands of investors who have pumped billions of pounds into film finance schemes face an anxious wait to find out whether a recent court decision signals the end of lucrative tax breaks.
05/14/2012
SAL achieved net income of US $1.5 million during this quarter compared to a loss of US $32.9 million in the first quarter of 2011.
05/14/2012
The new look was unveiled today across its exchanges and other locations around the world as well as online.