Investment Management, Islamic Finance Correspondent
Cecilia's Feed
Nov 5, 2009

HSBC Amanah to add wealth, insurance products

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.

Nov 4, 2009

Al Salam Europe mulls new deals by year-end -CEO

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.

Nov 4, 2009

City of London may tighten reins on pension fund

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.

Oct 29, 2009

Henderson posts 9 pct rise in assets under mgt in Q3

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.

Oct 23, 2009
via Funds Hub

Morning Line-up


Hedge fund stories from the past 24 hours from Reuters and elsewhere:

Blackstone backs Asia-focused hedge fund – FT


Galleon managers in Asia eye fund buyout – Reuters


ECB warns EU plans could prompt exodus – Reuters


Polygon’s Correa plans Asia hedge fund – Bloomberg

Oct 21, 2009
via Funds Hub

Morning Line-up


Hedge fund stories from the past 24 hours from Reuters and elsewhere:

New Castle Partners walls off 2 accused inside traders– Reuters 


Watchdogs onto hedge funds– Independent


Female hedge fund managers outperform male peers– Daily Mail


Galleon Asia stays liquid ahead of withdrawals– Reuters

Oct 20, 2009
Oct 16, 2009
Oct 15, 2009
via Funds Hub

Bentleys, extremism and olive branches

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. 

Oct 15, 2009

Hermes hedge fund unit seeks 5 billion pounds

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.

    • 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."
    • Follow Cecilia