LONDON, Nov 5 (Reuters) – The Islamic unit of HSBC <HSBA.L>,
HSBC Amanah, will broaden its range of Islamic wealth management
and insurance products and try to tap demand for products
offering capital protection, its deputy CEO said on Thursday.
The firm is also likely to revisit its aborted sukuk fund in
the new year after a redesign to reflect the client feedback
which scuppered the first attempt.
LONDON, Nov 4 (Reuters) – The European unit of Bahraini
Islamic lender Al Salam <SSUD.DU> is considering real estate and
private equity investments that could complete by January.
“We would hope to have something else for the market before
year-end,” Mohammed Paracha, CEO of Al Salam Europe Ltd, told
Reuters on the sidelines of a conference on Wednesday.
LONDON (Reuters) – The pension scheme of the City of London is considering tightening the reins on its fund managers to get more control over investment decisions after a tough 2008.
The scheme is also mulling whether to invest more in alternatives like private equity to broaden its assets and help weather market changes.
LONDON, Oct 29 (Reuters) – Anglo-Australian fund manager
Henderson Group Plc <HGGH.L> suffered client withdrawals in the
third quarter, but saw its assets increase anyway thanks to the
recent market rally.
The fund manager, which in April took over rival New Star,
said on Thursday it had 57.7 billion pounds ($94.5 billion)
under management at the end of September, up 9 percent from 53
billion three months earlier.
Galleon managers in Asia eye fund buyout – Reuters
ECB warns EU plans could prompt exodus – Reuters
Polygon’s Correa plans Asia hedge fund – Bloomberg
Watchdogs onto hedge funds– Independent
Female hedge fund managers outperform male peers– Daily Mail
China deal close for Avenue Capital – Reuters
Islamic finance may have shunned the reckless behaviour that nearly brought down the mainstream financial system last year, but it is not able to step in to the old regime’s shoes.
Some expect the industry to grow by double digits in the next three years — the secretary general of a top standard setting organisation for Islamic finance agrees and with humour:
“We Muslim breed and breed well”, he said laying down his expectations for future demand of Islamic products.
LONDON (Reuters) – Hermes BPK Partners, the fund of hedge funds linked to Britain’s largest pension scheme, wants to bring in 5 billion pounds in assets within the next five years, the firm’s CEO said on Tuesday.
Hermes BPK currently manages about $1.3 billion for the BT Pension Scheme (BTPS), its only client. Matteo Dante Perruccio told Reuters the boutique firm now wants to attract new assets from other corporate and local authority pension funds.