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Sep 18, 2014

Ex-Marble Bar manager readies Mako backed European hedge fund-sources

LONDON, Sept 18 (Reuters) – London-based Mako Global
Investors is backing former Marble Bar Asset Management
portfolio manager Christian Thum to launch a European
equities-focused hedge fund in the fourth quarter, sources
familiar with the matter said.

The hedge fund, CT Invest, will bet on rising and falling
share prices of pan-European cyclical and industrial companies
and those in German-speaking countries, according to the sources
and a marketing material of the fund obtained by Reuters.

Sep 16, 2014

Scottish investment trusts could move south on “Yes” vote in referendum

LONDON (Reuters) – Invented by a Scotsman more than a century ago, a fifth of the billions of pounds invested in the UK investment trust sector still resides north of the border. For how much longer is uncertain.

Trends among investment trusts, listed vehicles which can themselves own shares in other companies, thus allowing a diversified holding while limiting transaction costs, typify increased corporate caution heading into Thursday’s Scottish independence vote.

Sep 11, 2014

Ashmore shares drop after earnings hit by emerging market volatility

LONDON (Reuters) – Fund manager Ashmore Group Plc (ASHM.L: Quote, Profile, Research) has posted a sharp drop in profit for the past year after being hit by turbulence in the emerging markets in which it specialises, sending its shares to a six-month low.

The result highlights challenges faced by Ashmore, whose assets tripled in recent years on the back of rising investor interest in emerging markets but which remains vulnerable to market swings in such economies at a time when the prospect of interest rate hikes is rising.

Sep 11, 2014

Ashmore Group’s pretax profit falls 34 pct

LONDON, Sept 11 (Reuters) – Ashmore Group’s profits
fell sharply in the year to June on currency fluctuations and
lower performance fees as the emerging-market-focused money
manager battled volatile investment conditions in the first half
of its financial year.

The company’s profit before tax fell 34 percent or by 87.3
million pounds ($141.43 million) to 170.3 million pounds in the
year to the end of June, it said in a statement on Thursday.

Sep 9, 2014

UK pension deficit doubles in year to August

LONDON, Sept 9 (Reuters) – A funding shortfall in Britain’s
private sector defined benefit pension schemes has more than
doubled over the past year to reach 170.6 billion pounds (274.92
billion US dollar) at the end of August, the Pension Protection
Fund (PPF) said on Tuesday.

The funding gap at the same point last year was 80.3 billion
pounds, according to the PPF, created in 2005 to take over the
assets and liabilities of UK-based defined benefit pension
schemes if an employer goes bust.

Sep 8, 2014

Retail hedge funds to raise $49 billion in next 12 months

LONDON (Reuters) – Investors are expected to pump $49 billion into funds that mimic hedge fund strategies over the next year, to make so-called “liquid alternatives” the fastest growing part of the asset management industry, a survey said.

That would mark a 44 percent jump in the amount of money brought in by these funds in the last year, according to a survey released on Monday by Deutsche Bank of almost 300 hedge fund managers and investors overseeing $6.8 trillion in assets.

Sep 8, 2014

Retail hedge funds to raise $49 bln in next 12 months -survey

LONDON (Reuters) – Investors are expected to pump $49 billion into funds that mimic hedge fund strategies over the next year, to make so-called “liquid alternatives” the fastest growing part of the asset management industry, a survey said.

That would mark a 44 percent jump in the amount of money brought in by these funds in the last year, according to a survey released on Monday by Deutsche Bank of almost 300 hedge fund managers and investors overseeing $6.8 trillion in assets.

Sep 3, 2014

Retail investors watch and wait as Scottish independence vote narrows

LONDON, Sept 3 (Reuters) – The prospect of major financial
fallout from a “yes” vote in Scotland’s independence referendum
in two weeks time could have a big impact on retail investors,
but there are no signs yet they are moving their money.

An independent Scotland has an increased chance of becoming
a reality given the latest opinion polls.
And this has put the spotlight on what independence will mean
for Scotland’s $250 billion economy, including what currency it
would use, all of which will have major implications for
investments in Scottish-based companies.

Sep 3, 2014

Fee changes cloud Hargreaves Lansdown profit outlook

LONDON, Sept 3 (Reuters) – UK financial advisor Hargreaves
Lansdown’s full-year profit growth fell slightly short
of expectations and it failed to reassure investors about the
impact of new rules on fees, sending its shares down 3 percent
on Wednesday.

Hargreaves Lansdown made the most of a buoyant equity market
by attracting plenty of new business, helping justify analyst
“buy” ratings and a relatively high stock valuation.

Sep 1, 2014

UK fund star Woodford dumps HSBC on banking fine fears

LONDON, Sept 1 (Reuters) – Star British fund manager Neil
Woodford sold his fund’s stake in HSBC last month,
citing concerns about the potential impact of several
industry-wide investigations on the banking group.

Woodford’s sale comes after banks in Europe and the United
States have been fined for a variety of transgressions as
regulators increase their scrutiny of financial institutions.

    • 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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