Investment Management, Islamic Finance Correspondent
Cecilia's Feed
Nov 23, 2010

UK pensions case could shift creditor rankings

LONDON, Nov 23 (Reuters) – A UK court case involving Lehman
Brothers and Canadian telecoms firm Nortel could have dramatic
consequences for the ranking of creditors in a corporate
bankruptcy.

The case, which starts on Wednesday, will look at whether
pension funds should rank above other creditors, including the
fees paid to the administrators of failed companies.

Nov 18, 2010
via Funds Hub

Morning Line-Up: Barclays private equity, F&C, shorted Gartmore

                                                    

News and views on the asset management industry from Reuters and elsewhere

Barclays to sell private equity arm to management - FT

F&C clients advised to vote against firm’s remuneration - Daily Telegraph

Hedge funds eye Gartmore short-selling – Reuters

Nov 17, 2010

Hedge funds seen circling struggling Gartmore

LONDON, Nov 17 (Reuters) – Hedge funds are likely sizing up
crisis-hit fund firm Gartmore (GRTR.L: Quote, Profile, Research, Stock Buzz) to short-sell its stock
after the departure of another key manager, a sign the company’s
troubles may worsen as it looks for a buyer.

Gartmore said on Nov 8. it was seeking talks that could lead
to a merger or sale after star manager Roger Guy, responsible
for about 17 percent of its assets, and CIO Dominic Rossi became
the latest senior staff to leave. [ID:nLDE6A70K3]

Nov 16, 2010

Record profit down on fewer clients, lower AuM

LONDON, Nov 16 (Reuters) – British specialist currency
manager Record (RECL.L: Quote, Profile, Research, Stock Buzz) defended its investment style when
saying a decline in client numbers for a key product and assets
under management led to a fall in first-half profit.

Chairman and founder Neil Record said on Tuesday he stood by
Currency for Return, a product designed to make money from
currency fluctuations, despite a poor performance over the past
two years.

Nov 12, 2010

Templeton says Turkish regulator seeks Mobius info

LONDON, Nov 12 (Reuters) – Franklin Templeton confirmed on
Friday the Turkish regulator has requested information on
comments by emerging markets fund manager Mark Mobius, which
were blamed for driving a slump in Turkish stocks two weeks ago.

Last week, senior officials at Turkey’s capital markets
watchdog (SPK) told Reuters they had launched an investigation
into possible market manipulation after Mobius — who heads fund
manager Franklin Templeton’s emerging markets group — predicted
a possible major market correction. [ID:nLDE6A01BS]

Nov 11, 2010

Barclays pension fund eyes emerging markets hike

LONDON (Reuters) – Barclays’ UK employees pension fund could double its exposure to fast-growing emerging markets, an executive said, as it seeks higher returns and a wider spread of investments.

The 17.3 billion pounds Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) UK Retirement Fund, one of the largest in the UK, currently invests about 6 percent of its total assets in emerging market equities.

    • About Cecilia

      "In my professional capacity I canvass fund managers, consultants and pension schemes on investments issues and write analytical pieces on investment trends. I also consult investors on M&A matters. My brief includes Islamic finance, especially sukuk issuance and Islam-compliant asset management themes. I joined Reuters News in September 2008 from Thomson Financial News, where I was European pension correspondent."
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