Funds Hub

Money managers under the microscope

from Reuters Investigates:

Financial cyber-bullying?

"They love a conspiracy theory on the boards," David Jones, chief market strategist at spread betting firm IG Index told UK correspondents Rosalba O'Brien and Matt Scuffham when they were reporting for "The stock, the web, the CEO and his lawyers" . It's a look at some of the shenanigans around highly speculative resource stocks when they are discussed on message boards like  ADVFN and iii. Late-night gossip and personal insults are par for the course: some suspect organised short-sellers may be behind the talk. Given the high volumes of online trading in the UK, we wonder how long it will be before regulator FSA is forced to take a closer look.

Day-trader John Douce is sceptical about the boards' impact on stock prices

Day-trader John Douce is sceptical about the boards' impact on stock prices

For Chicago hedge fund, Iraq is a different type of risk

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Chicago hedge fund manager Kenneth Kuhn’s family thought he was crazy when he said he wanted to launch a new hedge fund focused on Iraq, but the one-time exotic currency trader said he believes the country can deliver outsized returns to investors.   

Kuhn, who stopped by Reuters offices this week, says his years of trading the Iraqi dinar from his Chicago office, inspired him to start a fund that would provide better access to Iraq’s financial markets.     
 

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

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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

from MacroScope:

What emerging animal are you?

Ever since Goldman Sach's Jim O'Neill came up with the idea of BRICs as an investment universe, competitors have been indulging in a global game of acronyms. Why not add Korea to Brazil, Russia, India and China and get a proper BRICK? Or include South Africa, as it wants, to properly upper case the "s" - BRICS or BRICKS?

Completely new lists have also been compiled -- HSBC chief Michael Geoghegan has championed CIVETS to describe Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa (ignoring the fact, as Reuters' Sebastian Tong points out here, that a civet is a skunk-like animal blamed for the spread of the deadly SARS outbreak in Asia).

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