Funds Hub
Money managers under the microscope
Morning Line-Up: Bankers’ pay, Sherborne/F&C , private equity
News and views on the asset management industry from Reuters and elsewhere:
Bankers’ pay structure overhaul – FT
Sherborne top F&C stakeholder – Daily Telegraph
Private equity firms gather billions from investors – Reuters
Unstable, greedy, selfish….
Not the words ringing in my ears as I leave for work every morning, but City of London Investment CEO Barry Olliff’s take on the UK financial sector.
Olliff is taking his company from AIM and onto the main market next month and the new governance guidelines which will apply to the firm as a result have sparked a frank assessment. Take it away, Barry:
Morning line-up: Buffett quizzed, King’s pay, FSA powers
News and views on the fund industry from Reuters and elsewhere:
Chancellor to strip FSA of regulatory powers – Guardian
BOE’s chief refuses pay rise - Reuters
Buffett quizzed on credit agencies - Reuters
Myners’ let-off for hedge fund pay
There’s been plenty of confusion over who exactly will be hit by the ‘supertax’ on banker bonuses.
Myners spends a lot of time reading blogs. REUTERS/Paul Hackett.
The wording of the Treasury’s clampdown last week suggested some hedge funds and traditional asset managers could be caught — PwC’s John Terry told me that of the 20 hedge funds he had spoken to, around half may have been caught in the net.
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Will hedgies switch to Bahrain? – Seeking Alpha
Event driven revival – FT
EU assault on hedge fund pay – Reuters
Blochet quits Brevan – Telegraph
Madoff yard sale: Baseball Jackets, coolers and fishing tackle – Reuters
Morning line up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Hedge funds call for softening of EU plan for pay caps – Daily Telegraph
SFO probes Dynamic Decisions - Reuters
Fund manager Horseman to step down - Reuters
Insider trading becomes systemic at hedge funds – Bloomberg
Chinese sovereign fund hires Tudor manager - Wall Street Journal
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Conservatives’ Clarke tries to appease hedge funds over new rules – Times
Hedge fund firm NewSmith pays members 29 mln stg in 2008 – Reuters
Fund manager pleads guilty in Ponzi case – Chicago Tribune
Citadel’s main hedge funds continue rally in September – WSJ
Despite ’08 pain, the rich still like hedge funds – Reuters
Frontier backs synthetic over single hedge funds – FTAdviser
Morning line-up
Hedge fund stories from Reuters and elsewhere:
New players spur hedge fund secondary market – MarketWatch
Hedge funds got it right – Washington Post
Arbs say Cadbury price hopes overblown – Reuters
Hedge funds remain defensive – Seeking Alpha
Pessimists pay the price – WSJ
