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Jul 31, 2014

Schroders shares drop after first-half revenue lags

LONDON, July 31 (Reuters) – UK-listed fund manager Schroders
posted first-half revenue on Thursday that lagged
expectations, sending its shares lower even as assets under
management hit a record high.

The sector has had a weak earnings season so far, with
shares in Jupiter Fund Management and Aberdeen Asset
Management both falling sharply this week after their
results failed to live up to more positive market forecasts.

Jul 30, 2014

Jupiter Fund Management assets hit record 33.1 billion pounds in June quarter

LONDON (Reuters) – Jupiter Fund Management (JUP.L: Quote, Profile, Research) said funds under management (FuM) rose to a record 33.1 billion pounds in the June quarter, boosted by net inflows worth 1.3 billion pounds, mainly into its fixed income products.

The money manager, which started the year with 31.7 billion pounds in assets, took a net 875 million pounds into its mutual funds alone during the quarter, it said in a statement, although it said it expected to lose a large mandate later in the year.

Jul 30, 2014

Jupiter Fund Management assets hit record 33.1 bln stg in June quarter

LONDON, July 30 (Reuters) – Jupiter Fund Management
said funds under management (FuM) rose to a record 33.1 billion
pounds ($56.08 billion) in the June quarter, boosted by net
inflows worth 1.3 billion pounds, mainly into its fixed income
products.

The money manager, which started the year with 31.7 billion
pounds in assets, took a net 875 million pounds into its mutual
funds alone during the quarter, it said in a statement, although
it said it expected to lose a large mandate later in the year.

Jul 29, 2014

St. James’s Place posts record funds under management

LONDON, July 29 (Reuters) – UK wealth manager St. James’s
Place bucked a patchy investment environment to chalk up
record funds under management (FuM) in the first half of the
year, boosted by new client inflows.

The company, which was fully divested by Lloyds Banking
Group in December last year, said its FuM rose 19
percent to 47.6 billion pounds ($80.79 billion), boosted by new
inflows of 2.4 billion pounds.

Jul 28, 2014

Ex-Citi FX trading head Prasad readies macro hedge fund- sources

LONDON, July 28 (Reuters) – Former global head of foreign
exchange at Citigroup, Anil Prasad, is preparing to launch
his own hedge fund in the first quarter of 2015, three sources
familiar with the matter said.

The launch comes as global regulatory changes restrict banks
from trading with their own money, prompting so-called
proprietary desk traders to strike out on their own. Prasad left
Citi earlier this year.

Jul 28, 2014

Aberdeen assets dip as client withdraws 4 billion pounds

LONDON, July 28 (Reuters) – Emerging markets-focused fund
manager Aberdeen Asset Management said assets dipped in
the June quarter after clients withdrew 8.8 billion pounds ($14
billion), offsetting improved market performance and an uptick
in broader investor sentiment.

Aberdeen said in a third-quarter trading statement on Monday
that assets under management (AuM) fell 0.6 percent from the
previous three months to 322.5 billion pounds, hitting its
shares.

Jul 25, 2014

Credit Suisse to move prime brokerage exec to London-sources

LONDON, July 25 (Reuters) – The prime brokerage unit of
Credit Suisse will move one of its senior executives,
Paul Caseiras, from New York to London, two sources with
knowledge of the matter said.

The Swiss bank will relocate Caseiras in September to be
part of the unit which provides services such as clearing trades
and lending money to hedge funds.

Jul 24, 2014

UK’s Rathbone Bros gets asset boost from Deutsche Bank deal

LONDON, July 24 (Reuters) – UK wealth manager Rathbone
Brothers Plc said its funds under management (FuM) rose
in the first half of the year, boosted by a recent acquisition
and strong growth in its unit trust, a form of mutual fund,
business.

An 8.6 percent rise in FuM to 23.9 billion pounds ($40.7
billion) was boosted by 1.2 billion in net new money, nearly
half of which came from a deal to buy assets from Deutsche Bank
earlier in the year – part of a trend of industry
consolidation likely to continue in coming
months.

Jul 21, 2014

Foreign hedge funds could lose as Europe tightens rules

LONDON (Reuters) – Europe’s move to tighten regulation of the hedge fund industry could give home-grown funds an edge over foreign rivals, many of which are still trying to absorb the new rules on attracting investor cash.

The rules, known as the Alternative Investment Fund Managers Directive (AiFMD), were launched a year ago to create a single market for hedge funds and help protect investors by requiring funds to be more transparent and improve their risk management.

Jul 7, 2014

Struggling Gowex a short-selling target months ahead of bankruptcy

LONDON, July 7 (Reuters) – Hedge funds and other investors
began to bet big on a share price fall for Spain’s Gowex
some three months before the struggling wireless
network provider declared bankruptcy.

That came on Sunday, following a report last week by Gotham
City Research questioning the firm’s financial reporting, which
sparked a 60 percent slide in Gowex’s share price in two days
and the resignation of its chief executive.

    • About Nishant

      "Reuters Asia hedge funds correspondent since December 2010. I joined Reuters in 2006 as India fund correspondent and later on moderated an online community of more than 200 Indian equity fund managers and sell side executives. I started my career as a reporter a decade ago at the Hindustan Times, one of India’s largest English newspapers. I worked at India’s top fund research firm Value Research for two years starting 2004 before moving to Reuters in 2006. In Hong Kong, my main focus is on hedge funds but I also write broadly on the mutual funds and wealth management industries. ..."
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