A 46% plunge in the value of world ... Only 22% of the fund managers viewed equities ... He said: "Fund managers remain bearish overall towards ... HSBC's results chimed with other recent indicators that ... Three-quarters predicted corporate earnings will deteriorate next year....
The financial crisis has led people with 'defined-contribution' ... In the US, where the value of ... Similarly, in Australia, which along with the US ... According to Mercer, this is not just a ... Craig Burnett, European head of the defined-contribution consulting ... "But if people are delaying retirement, and age...
Kenneth Griffin's Citadel Investment Group lost nearly 13% ... Taking into account those loses and investor redemptions, ... In recent weeks, the firm has laid off...
Goldman Sachs Liquidity Partners 2007, which secured $1.8bn ... The fund - which invested in high-yield senior ... The vehicle’s leverage never exceeded 2.8 times its...
A team of managers and employees has won ... Under the deal, the new company will be ... Jim Fogarty, chief operating officer of Lehman, said ... The management will control 51% of the new ... George Walker, global head of investment management for ... The joint offer by Bain and Hellman, on...
New Star Asset Management on Wednesday agreed to ... Other members of the consortium are Lloyds TSB, ... Under the restructuring, £240m (€277m) of New Star's ... The lenders, led by HBOS, will control 75% ... Meanwhile, the banks are not apparently keen on...
City veterans Stanley Fink and Rufus Warner have ... Earth Capital Partners, which boasts Fink as chairman ... It is aiming to raise assets under management ... He said the company will invest in projects, ... Warner, who was chief executive at London-based Close ... Earth Capital will establish investment operations in infrastructure,...
Small equity or multi-asset managers face extinction unless ... They believe larger, globally present, single purpose managers ... The report said the industry faced unprecedented pressure ... The report said: “For some asset managers, the ... The bleak picture was based on a predicted...
Questions were last night growing over the ability ... New Star yesterday announced a deal with its ... The deal includes provisions for a new remuneration ... Analysts said last night that the new scheme ... Hargreaves Lansdown, one of the largest financial advisers ... Remuneration at New Star, famous for its star...
City veterans Stanley Fink and Rufus Warner have ... Earth Capital Partners, which boasts Fink as chairman ... It is aiming to raise assets under management ... He said the company will invest in projects, ... Warner, who was chief executive at London-based Close ... Earth Capital will establish investment operations in infrastructure,...
New Star, the stricken fund manager, has been ... The lenders will convert their debt into £94m ... The preference shares will carry an annual interest ... Sources said that the banks are not keen ... The firm’s shares plunged 30% on Wednesday, to ... John Duffield, the UK asset manager’s founder, is...
Goldman Sachs Liquidity Partners 2007, which secured $1.8bn ... The fund - which invested in high-yield senior ... The vehicle’s leverage never exceeded 2.8 times its...
Babcock & Brown, the beleaguered Australian infrastructure fund ... The short-term debt facility, which does not fall ... Sources said that all financial covenants on B&B’s...
Harvard university’s endowment has lost nearly 22% of ... The university said that the actual losses could ... The endowment, which was worth $36.9bn as of ... In a letter to Harvard's deans, university president...
The California Public Employees’ Retirement System, one of ... Calpers, one of the world’s largest non-government pension ... Sourcecap, which was launched last year by James ... The $178bn pension scheme appointed 10 firms to ... Calpers has so far appointed four firms in...
New Star’s shares, once worth £500m (€585m), were ... New Star's shares closed at 6.75p on Tuesday ... The deal proposes closing or merging under-performing funds, ... The firm, meanwhile, is struggling to retain critical...