Funds Hub
Money managers under the microscope
Morning Line-Up: Picard strikes again; hedgie Einhorn sees market split
News and views on the asset management industry from Reuters and elsewhere:
Trading probe SAC client named - WSJ
Madoff trustee seeks an additional $555 mln from UBS - Reuters
Skandia removes Gartmore manager from fund – Fund Strategy
Jim Rogers bets the farm as he shuns Wall Street - Reuters
Einhorn says US stock prices failing to reflect true value - Reuters
Morning Line-Up: Gartmore, Lehman/Nortel case, dairy bid, Ireland
News and views on the asset management industry from Reuters and elsewhere:
Gartmore mystery stake-builder- FT
Lehman/Nortel pension UK court case – Reuters
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
Morning Line-Up: Gartmore trust seeks buy-backs, Nikko snaps up Tyndall
News and views on the asset management industry from Reuters and elsewhere:
Gartmore trust seeks new buy-backs as Roger Guy leaves - Fund Strategy
Man appoints Richard Phillips as head of UK retail - HedgeWeek
Australia’s Suncorp sells funds arm Tyndall to Nikko - Reuters
Private equity funds see value in Mexican home loans - Reuters
Aegon opens inflation fund to retail investors - Fund Strategy
Phew, the Gartmore “will it, won’t it” game is over!
SO: Gartmore is going ahead with a listing on the LSE after all, ending a “will it- won’t it” game that has gone on for quite a bit in the past few weeks. Phew!
The company CEO, Jeffrey Meyer, says the firm does not strictly need to raise cash now to pay off any urgent debt. In fact the debt taken on to finance the management buy-out in 2006 is not due for years and years to come. Gartmore is going to market simply because it feels like it is the right moment to do it.
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Gartmore plans IPO to cut H&F stake, debt - Reuters
Harbinger Capital sells New York Times shares – Seeking Alpha
Private equity eyes illiquid hedge fund stakes – Reuters
Payback time – The Economist
Time is right for hedge funds, manager says – DealBook
Hedge fund structuring: lessons of the financial crisis – Hedge Week
