Funds Hub

Morning Line-Up: BlackRock bullish, IPOs, Tower Australia

Cecilia Valente

Dec 29, 2010 08:22 UTC

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

BlackRock founder upbeat on growth potential – FT

Institutional investors to shun high-price IPOs – Times

Australia’s Tower  accepts Dai-ichi’s $1.2 bln bid – Reuters

Insurance policy

Laurence Fletcher

Feb 20, 2009 16:24 UTC

Shorting UK banks, it seems, is so last year.

Having profited from the implosion of the sector in 2008, many funds believe prices have fallen far enough, and in some cases are actually looking good value.

Outspoken star fund manager Crispin Odey this week revealed he’s now buying UK banks, having made money shorting them last year.