Funds Hub
Money managers under the microscope
Morning Line-Up: electronic bugs, leveraged loans and Norway’s SWF
News and views on the asset management industry from Reuters and elsewhere
SEC case prompts hedge funds to sweep for bugs – FT
Leveraged loans a magnet for inflation-wary investors – Reuters
Morning Line-Up: All change at fund houses, investors eye property
News and views on the asset management industry from Reuters and elsewhere:
Smith leaves Collins Stewart to focus on Tullett and Fundsmith venture - Reuters
Investors earmark $281 billion for global property in 2011 - Reuters
Hedge fund index to post best year-to-date performance - HedgeWeek
Aberdeen promotes Duce and Kearney - Fund Strategy
M&G’s Simon Bailey quits small cap fund - Fund Strategy
Morning line-up: AIG’s Asian unit IPO, City seeks to calm Europe, further bank bailout
News and views on the fund industry and elsewhere:
AIG lowers valuation for Asian unit’s IPO - FT
UK launches 1st property derivatives fund - FT
City’s bankers tour Europe to reassure investors over future - Daily Telegraph
UK banks may need further state bailout - Reuters
Morning line-up: MENA, property and PE discounts
News and views on the fund industry from Reuters and elsewhere:
Time is short… – Reuters
BC offers discount – FT
Lehmans wrangle – WSJ
NewSmith pay – Telegraph
MENA funds stymied – Reuters
Morning Line-Up: PwC DB plans, Pru’s chairman, Chinese insurers
News and views on the asset management industry from Reuters and elsewhere:
PwC shuts UK defined benefit pension schemes - FT
Chinese insurers allowed to invest in private equity, property - Reuters
Renewed attack on Pru’s chairman - Daily Telegraph
Western investors fear Dubai’s Wild East reputation
By Jason Benham
Glitzy Dubai’s property market is in trouble, there’s no doubt about that. Just take a look at the hundreds of motionless cranes, unfinished projects and the expats who are leaving in droves as they lose their jobs.
And prices and rents which soared during a six-year boom have crashed since late last year. According to one resident who recently moved in the City, it now costs 150,000 dirhams to rent a three-bedroom flat on the Palm, a man-made island off the coast of the emirate, around the same it would have cost to rent a one-bedroom appartment there a year ago.
