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....All the other big names in the US investment banking world saw bond trading profits dive in the three months to the end of June, save for age-old Goldman rival Morgan Stanley, which restricted the loss to 4%. Lloyd Blankfein, the Goldman boss who rose through the ranks of bond traders to the top job, was unlikely to be sanguine about the turn of events amid concerns that his bank suffered more than most for relying on out-of-favour hedge funds as clients. ... [Read full article on Guardian ]
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Latest Finance News related to Hedge Fund

Greed is no longer good – bond boom comes to an end image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:00:32 AM
....All the other big names in the US investment banking world saw bond trading profits dive in the three months to the end of June, save for age-old Goldman rival Morgan Stanley, which restricted the loss to 4%. Lloyd Blankfein, the Goldman boss who rose through the ranks of bond traders to the top job, was unlikely to be sanguine about the turn of events amid concerns that his bank suffered more than most for relying on out-of-favour hedge funds as clients. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
....3%), giving it a market value of £47m. Three years ago, the retailer was floated at 200p a share by its owner, the US hedge fund Elliott Advisors, with a market value of £340m, after being rescued from bankruptcy two years earlier. ...
Carillion has paid a heavy price for too many risky contracts | Nils Pratley image
.... Carillion’s share price in those days was 340p. Now it is 117p, down 39% on the day, as the firm was obliged to confess that all those hedge funds who have been shorting the shares had correctly identified the whiff of something rotten. ...
Con man or brilliant? Clashing portraits of Martin Shkreli offered as trial begins image
. Martin Shkreli is either a con man who scammed hedge fund investors of millions or a nerdy genius who made them even richer. ...
FCA knows its scrutiny of the investment sector has only just started | Nils Pratley image
....Yet one gets a strong sense that the FCA, having lifted the lid on an industry that has escaped scrutiny for too long, knows its work has only just started. The list of other financial players scheduled for investigation is also long: investment consultants, fund platforms such as Hargreaves Lansdown (whose profit margins can be as high as 70%), hedge funds and the private equity brigade. ...
Pound leaps as Carney says growth will be factor in interest rate debate image
Source : Guardian [Read Article] Wednesday 28th of June 2017 03:15:46 PM
.... One of the three – Kristin Forbes – is no longer an MPC member and has been replaced by Silvana Tenreyro, whose views on the necessity of a rate rise are unknown. With Haldane indicating that he might join Ian McCafferty and Michael Saunders in voting for higher borrowing costs, and Cunliffe siding with Carney, the result will be decided by deputy governor, Ben Broadbent, Jan Vlieghe, the former hedge fund economist, and Tenreyo. ...
Co-op Bank secures £700m rescue deal from hedge funds image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:18:25 AM
. The Co-operative Group will be left with only a 1% stake in the Co-op Bank after a complex deal reached with hedge funds and other investors to pump £700m into the lossmaking lender. ...
FCA says UK's £7tn asset management industry needs radical reform image
Source : Guardian [Read Article] Wednesday 28th of June 2017 07:28:17 AM
.... But it is recommending that the Treasury gives it powers to regulate the sector. It also appeared to prepare the ground to look at private equity and hedge funds. ...
Google fine: EU is not waging underhand trade war against ​​US tech firms | Nils Pratley image
.... Since that danger has now passed (for the time being, at least), restoring levels to a “standard” setting is sensible. What a coincidence: activist investor Dan Loeb’s Third Point hedge fund is hounding Nestlé to improve its performance, and the consumer goods multinational has decided this is exactly the right moment to launch a SFr20bn (£16bn) buy-back. ...
Potential Martin Shkreli jurors: we can't be impartial over 'most hated man' in US image
....Though Shkreli’s notoriety came from Daraprim, the federal securities fraud case is unrelated. Prosecutors say that after Shkreli lost millions of dollars through bad trades through his side business hedge fund, he looted a second pharmaceutical company for $11m to pay them back. ...
Co-op Bank abandons sale talks as it edges towards rescue deal image
Source : Guardian [Read Article] Monday 26th of June 2017 05:25:23 PM
. The Co-operative Bank has abandoned talks over a sale after edging closer to clinching a deal with hedge funds to stump up millions of pounds to bolster its financial position. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
. Here come those dastardly hedge funds, up to their usual tricks: they’re rescuing the Co-operative Bank for a second time. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
. The Co-operative Group’s stake in the Co-op Bank could fall dramatically under a rescue plan being drawn up by hedge funds. ...
Amazon to buy Whole Foods Market in $13.7bn deal image
Source : Guardian [Read Article] Friday 16th of June 2017 01:26:19 PM
....In February, it announced it would close nine stores in the US after six quarters of decling sales in a row. The deal with Amazon comes days after Mackey attacked the hedge fund Jana Partners, which had acquired a 9% stake in the retailer. ...
Our leaders have lost touch with reality – just like the banks did | Aditya Chakrabortty image
....Even as their world came apart, the bankers clung to denial. By August 2007, the flagship hedge fund of Wall Street’s most prestigious firm was tanking fast – and what explanation came from the man at Goldman Sachs? “We were seeing things that were 25-standard deviation moves, several days in a row. ...
Co-op Bank draws interest from Qatar conglomerate image
Source : Guardian [Read Article] Thursday 8th of June 2017 03:30:28 PM
....A Qatar-based company has been identified as part of a consortium interested in making a bid for the troubled Co-operative Bank. Al Faisal Holding, a Qatari conglomerate with interests ranging from hotels to transport, was cited as a bidder for the hedge fund-owned bank in a deal being co-ordinated by Interritus. ...
Jeff Bezos: the 'obsessive' Amazon founder and world's next richest man image
.... He pledges to focus on the long term and being the market leader, “rather than short-term profitability considerations or short-term Wall Street reactions”. He knows those reactions well, having worked on Wall Street for a hedge fund before founding Amazon. ...
G4S rejoins FTSE 100 as Debenhams drops out of FTSE 250 image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:56:36 PM
....On Wednesday Melrose announced a £144m bonus package to be shared between four of its top executives and further bonuses for a wider group of senior managers. Also moving into the FTSE 250 are: IT services company FDM Group; hedge fund Pershing Square Holdings; fertiliser company Sirius Minerals; and the Georgian TBC Bank Group. ...
Whole Foods represents the failures of 'conscious capitalism' | Nicole Aschoff image
....Same-store sales have declined for six straight quarters, and Barclay analyst Karen Short estimates that 14 million Whole Foods customers walked away during the same period. Last month activist hedge fund Jana Partners swooped in, buying up 8. ...
Not just Bitcoin... image
Source : BBC [Read Article] Wednesday 24th of May 2017 09:07:22 AM
....Grayscale launched its first digital currency investment trust in 2013. The New York firm now manages about $400m of investments in digital currencies, up from $60m at the end of 2015, as its client base of wealthy investors, hedge funds and other small firms has grown, and prices for Ethereum and Bitcoin have climbed. ...
Church of England made stunning 17% return on investments in 2016 image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:08:44 PM
....In 2012, it sold its shares in Rupert Murdoch’s media group after the phone-hacking scandal. However, the following year the church’s pension fund was found to have taken an indirect stake in controversial payday lender Wonga, while it has also invested in areas of finance that many view as contentious such as hedge funds. ...
Mine craft: why BHP's strategic overhaul could help repel a hedge fund predator image
....The move appeared to bookend a happy period when the Anglo-Australian mining colossus had rediscovered its direction after 19 people were killed in a disastrous dam burst at an iron ore joint venture in Brazil in 2015 and the share price sank to a 10-year low. But no sooner had BHP put the finishing touches to its fresh look on Monday than it found itself, for the second time in a month, the subject of an unflattering critique by a predatory US hedge fund. ...
What $110m for a Basquiat painting tells us about the art market image
Source : Guardian [Read Article] Friday 19th of May 2017 11:24:38 AM
....The two most expensive paintings in history, sold privately in 2015, are Interchange by Dutch abstract expressionist Willem de Kooning and When Will You Marry?, one of the many Tahiti-inspired works by French artist Gauguin. De Kooning’s work was bought by American hedge fund billionaire Kenneth C Griffin from the David Geffen Foundation, which previously sold him Jackson Pollock’s Number17A for $200m. ...
Tories receive £50,000 from man questioned by Serious Fraud Office image
Source : Guardian [Read Article] Thursday 18th of May 2017 02:12:09 PM
....Hedge fund executives who supported the remain campaign are also giving money to the party again. They include John Armitage, the founder of the hedge fund Egerton Capital, who has given £400,000 and Andrew Law, chairman and chief executive of the $8bn Caxton Associates, who has given £250,000. ...
JP Morgan appears to make good on Brexit threat with new Dublin office image
....”. The announcement coincided with a report in the Financial Times revealing that JP Morgan intends to hire more staff in Dublin for its custody operations, which look after the investments of major investors, hedge funds and big companies. ...
Mining company BHP drops Billiton from name in $10m ad campaign image
Source : Guardian [Read Article] Monday 15th of May 2017 12:52:45 AM
....The rebranding comes at an eventful time for the resources giant. Activist hedge fund Elliott Advisors has launched a public campaign over the last month, calling for a significant restructure of BHP Billiton’s operations, by merging the UK and Australian entities into a single London-listed company and spinning off its US petroleum business for a New York listing. ...
General election 2017: 'Robin Hood tax' on City pledged by Labour image
....5% stamp duty paid on shares to other financial assets, including investments known as derivatives. It would also end an exemption, known as intermediaries relief, that applies to some banks and hedge funds, saying that together the measures would bring in between £4. ...
Co-op Bank investors braced for losses as it tries to raise £750m image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:31:56 PM
....Co-op Bank, which refused to comment on Tuesday, insisted last month that it had “received a number of non-binding proposals from strategic and financial parties” and “selected several parties to enter a further phase” of talks. The bank put itself up for sale in February, four years after its near-collapse which sparked its rescue by hedge funds. ...
Akzo Nobel faces Elliott legal bid to oust chairman image
Source : BBC [Read Article] Tuesday 9th of May 2017 07:36:22 AM
.... The firm is most famous for its long legal battle over Argentine debt, which climaxed when the firm seized an Argentine naval ship docked in Ghana. The hedge fund is also pushing mining giant BHP Billiton to reorganise and spin off its US oil unit. ...
Dulux owner Akzo Nobel has shown its colours by rebuffing takeover bids | Nils Pratley image
.... They will follow PPG’s line that Akzo’s refusal to negotiate flows from a “lack of proper governance” in the Dutch boardroom. The rebellious bunch, led by hedge fund Elliott, should calm down. ...
Making money image
Source : BBC [Read Article] Sunday 7th of May 2017 01:09:00 PM
.... . Unsurprisingly this year's ranking of the UK's richest 1,000 people by the Sunday Times continues to be dominated by financiers, hedge funders and property tycoons. ...
Rich List 2017: UK's super-rich carry on making billions image
Source : BBC [Read Article] Sunday 7th of May 2017 12:04:04 AM
.... . "More women, more people from ethnic backgrounds, and more from surprising walks of life, with egg farmers and pet food makers lining up with hedge fund managers and private equity barons. ...
Pearson: two-thirds of shareholders reject pay package image
Source : BBC [Read Article] Friday 5th of May 2017 04:38:28 PM
.... . Meanwhile, 27% of investors in Man Group, the world's biggest listed hedge fund, rejected its 2016 remuneration report. ...
BHP Billiton executives warned they could face charges if they shift company out of Australia image
....BHP Billiton executives have been warned they could face criminal charges if they shift the company out of Australia. The US hedge funds Elliott Associates and Elliott International have been trying to convince BHP Billiton’s shareholders in Australia to dissolve the company’s dual-listed structure and move the company to London. ...
Voices of the 1%: how do Britain's highest earners feel about their income? image
.... “But I feel very poor in the context of the classmates [of my children] . Their parents can spend a lot more time with them, because none of them really work, or some of them work but it’s working on their own terms: they might run a hedge fund but they can take the kids to school. ...
Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... The Co-operative Bank might have something to say about that – it is the only high street bank with a customer-led ethical policy covering a range of issues from the environment to animal welfare. However, Co-op Bank put itself up for sale in February, four years after it nearly collapsed and had to be bailed out by hedge funds, and there has been speculation that it may have to be broken up. ...
​Trump tax plan could save him millions under guise of helping small businesses image
.... The Trump Organization last year comprised approximately 500 separate pass-through entities, in each case with Trump as the sole or principal owner, according to a statement released by his lawyers during the presidential campaign. Businesses typically run as pass-throughs include hedge funds and other investment firms, medical and legal practices, lobbying firms and real estate enterprises. ...
CBI warns against Brexit divorce bill row putting EU-UK trade ties at risk image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:14:03 PM
....”. The conference, organised by prominent leave campaigner and hedge fund manager Paul Marshall, struck a relatively upbeat tone about the impact of Brexit on the economy. ...
Will London survive as a financial centre after Brexit? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 07:08:45 AM
.... The French president, François Hollande, was elected on a claim that the world of high finance was his enemy. Yet the Socialist mayor of Paris recently promised a “red, white, and blue carpet” for any hedge fund manager who buys a one-way Eurostar ticket to the Gare du Nord – a barbed reference to David Cameron’s promise of a red carpet for French bankers fleeing prohibitive tax rates, strikes and restrictive labour laws. ...
UK wine industry to plant 1m vines as sector bubbles with confidence image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:30:21 AM
....Rathfinny wine estate near Alfriston in East Sussex is one of the largest new vineyards, with up to 400 acres being cultivated. Its owner, the former London hedge fund manager Mark Driver, plans to release its first sparkling wine in 2018. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....And why wouldn’t they? Plenty of mainstream economists express the same concerns, including policymakers at the Bank of England, the International Monetary Fund, the OECD and the World Bank. After several years of year-on-year growth, runs the argument, higher interest rates will deter banks, insurers and even hedge funds and private equity funds from taking excessive risks to improve their profits. ...
Akzo Nobel faces call to axe chairman amid takeover battle image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:42:40 AM
.... The firm is most famous for its long legal battle over Argentine debt, which climaxed when the firm seized an Argentine naval ship docked in Ghana. The hedge fund is also pushing mining giant BHP Billiton to reorganise and spin off its US oil unit. ...
Judges reject US banker's claim to be a genius in divorce case image
Source : Guardian [Read Article] Tuesday 11th of April 2017 01:07:22 PM
....Sir Martin Sorrell, founder of advertising firm WPP, was awarded 60% of joint assets in his 2005 divorce from Sandra, his wife of 33 years. In 2014, a judge granted the ex-wife of Chris Hohn, the billionaire founder of hedge fund The Children’s Investment Fund, 36% of their $1. ...
FTSE 250 sets record closing high image
Source : BBC [Read Article] Monday 10th of April 2017 07:46:23 AM
....The mining giant's shares rose by more than 5% before closing up 2. 3% after hedge fund Elliott Advisors said it had sent the plan to the firm's directors. ...
Travelodge makes more out of business than leisure visitors image
Source : BBC [Read Article] Monday 10th of April 2017 07:11:56 AM
....The firm says it will open 60 hotels over the next three years, including one in central London. In 2012, the chain was bought by two US hedge funds after its debts nearly dragged the company under. ...
Co-op Bank receives takeover 'proposals' image
Source : BBC [Read Article] Friday 7th of April 2017 08:03:17 AM
....The lender said it had received "a number of non-binding proposals", and it had selected "several parties" with which to continue talks. The bank, in which the Co-operative Group still has a small stake, was rescued from the brink of collapse by a group of hedge funds in 2013. ...
Co-op boss shrugs off £130m loss to focus on group's 'stellar progress' image
....The mutual revealed its first losses since its tumultuous year in 2013 – when problems at the Co-operative Bank nearly sank the whole business – as it wrote down the value of its remaining 20% stake in the bank to nil. Leighton said the £140m additional writedown of the bank, which had already been written down twice in the past year, was “a piece of prudent accounting” while the bank was being sold by its hedge fund owners. ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
....The mutual is set to take a £140m hit as it slashes the value of its 20% stake in the bank to zero, amid ongoing uncertainty about its former financial arm’s future. The Co-op Bank, which is now controlled by US hedge funds after a 2013 rescue deal, put itself up for sale in February in a bid to raise more capital and give greater stability to its 4 million customers. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
....On Saturday morning, a coachload of local workers, bullhorns in hand, took to Greenwich’s windy lanes for a protest organized by union-backed local community groups and billed as the “Lifestyles of the Rich & Shameless” bus tour. Chanting “El pueblo unido / Jamás será vencido” (“The people united / Will never be defeated”) and “Hey hey, ho ho, tax loopholes have got to to”, a couple of dozen protesters, gently shepherded by local police, left giant “tax bills” totaling close to $3bn for some of the world’s richest hedge fund managers. ...
Co-operative Bank says it has interest of several credible buyers image
Source : Guardian [Read Article] Friday 24th of March 2017 10:12:57 AM
....The Co-operative Bank has confirmed that a number of “credible” potential buyers have expressed an interest in the troubled bank, as fears grow that it will be broken up rather than sold as an ongoing entity. Co-op Bank, which is controlled by US hedge funds, put itself up for sale in February in a bid to raise more capital and give greater stability to its 4 million customers. ...
Co-op Bank sale plan attracts suitors image
Source : BBC [Read Article] Friday 24th of March 2017 09:52:14 AM
....It added, however, that there could be "no certainty that an offer for the bank will be made". The bank, in which the Co-operative Group still has a small stake, was rescued from the brink of collapse by a group of hedge funds in 2013. ...
Goldman Sachs to expand EU presence ahead of Brexit image
Source : BBC [Read Article] Tuesday 21st of March 2017 03:00:44 PM
....The company, which is in the process of building a new office in London, would not comment on whether that would result in a net reduction of workers in the UK. In February, Goldman confirmed it was closing a London hedge fund office and moving staff to the US, but denied it had anything to do with Brexit. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
....In a highly unusual move, investment group Jupiter this week revealed the stocks that it is “shorting”, which means placing a bet that a company’s share price will fall. Normally, shorting is the preserve of secretive hedge funds, or the “absolute return” funds currently popular among small investors – and rarely are we told which stocks they are betting are about to tank. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....These startups are running out of money because VCs are being more discerning about where they place their money, making fewer, bigger bets. “The number of investments [in the private market] has fallen by about a third, but the amount of capital is around the same,” said Tomasz Tunguz, a venture capitalist at Redpoint, adding that some of the “fast money” from hedge funds and mutual funds had shifted away from the sector. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....On the international speech-making circuit Osborne can command more than £50,000-an-hour for some events, as well as free first-class or private jet travel and luxury accommodation. In just one week in November he earned £187,474 giving speeches to banks and hedge funds in London and New York, including £34,109 for a speech at BlackRock’s HQ in Midtown Manhattan. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....He said the bank had only been able to put itself up for sale because the “bank is stronger in many areas than in 2013 and these options would simply not have been feasible before”. The Co-operative Group of supermarkets and funeral homes now owns just 20% of the bank after ceding control to hedge funds during the 2013 rescue, which Holt reiterated had taken place without recourse to the taxpayer. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
....The loss is not as deep as the £610m recorded in 2015, but it is the fifth year in a row the bank has lost money. The bank, in which the Co-operative Group still has a small stake, was rescued from the brink of collapse by a group of hedge funds in 2013. ...
Gina Miller urges FCA investigation into fund management 'price fixing' image
.... It has called for more transparency and an end to hidden fund charges and mis-selling in the City of London’s asset management industry. Miller, who runs SCM Capital with her hedge fund manager husband Alan, said the vast majority of funds sold to small investors charge an annual management fee of 0. ...
Warren Buffett upbeat on US business growth image
Source : BBC [Read Article] Sunday 26th of February 2017 11:22:32 AM
....Mr Buffett said investors "will almost certainly do well" by staying with a "collection of large, conservatively financed American businesses". The gifted stock-picker, who is on course to win a 2008 bet that an investment in the S&P 500 would beat five hedge funds over 10 years, also took a fresh swipe at highly paid "active" investment managers. ...
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants image
.... In 2014, Buffett said he planned to put 90% of the money he leaves his wife when he dies into an S&P 500 index fund and 10% in government bonds. During the financial crisis, Buffett bet a founder of the asset management company Protege Partners $1m that a Vanguard S&P 500 stock index fund would outperform several groups of hedge funds of over the 10 years through 2017. ...
Co-op Bank faces struggle to find owner with ethics – and deep pockets image
Source : Guardian [Read Article] Saturday 18th of February 2017 04:00:05 PM
....5bn hole in the bank’s finances was uncovered. Until then, wholly owned by the Co-operative Group, the UK’s biggest mutual which runs grocery chains and funeral parlours, it was forced to ced control to hedge funds, and hand over 80% of the bank, to survive. ...
The Co-op Bank is the new Bradford & Bingley image
Source : Guardian [Read Article] Monday 13th of February 2017 02:34:40 PM
.... The Co-op Bank as an independent, ethically based challenger to the major banks is dead. The co-operative title, in any case a misnomer under hedge fund ownership, must surely die once Co-operative Group abandons its remaining 20% parcel of shares. ...
Sports Direct's French Connection flutter looks like a fashion faux pas | Nils Pratley image
.... Thus excellent entertainment could be in prospect now that Sports Direct has bought control of an 11% stake in the struggling fashion chain. Marks, who owns 42% of French Connection, is already sparring with a hedge fund that thinks he shouldn’t be both chairman and chief executive of a company that has made losses for five years in a row. ...
Sports Direct buys French Connection stake as battle looms image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:13:28 PM
....Marks is currently fighting off pressure from an activist shareholder to surrender his dual role as chair and chief executive as the business continues to nurse heavy losses. Gatemore Capital Management, a US hedge fund that has built an 8% stake, has joined forces with other investors OTK and Zoar Invest to control 15% of French Connection shares. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
....From this week, we might start to see if shareholders and regulators agree, as documents are made available and the process of addressing possible competition concerns begins. There may be another process gathering some pace this week, too – that of a few hedge fund managers desperately trying to justify why they thought it was clever to bet on a fall in Tesco’s shares, just as news of the deal prompted a 10% increase. ...
After the Italian job, BT boss must make sure success doesn’t blow up in his face image
....Co-op Bank almost collapsed in 2013 amid a drugs scandal surrounding its former chairman, Paul Flowers, and a black hole in its accounts that kept getting bigger following an ill-fated tie-up with Britannia building society four years earlier. It nearly dragged down its parent, the Co-op Group, which had to cede control of the bank to a group of hedge funds. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
.... The SFO was rightly praised last week for securing the settlement, but its work is not finished. George Soros, hedge fund speculator extraordinaire, has not become a star turn in Davos by being dull. ...
Can credit unions finally provide a truly ethical current account? image
Source : Guardian [Read Article] Saturday 21st of January 2017 06:59:28 AM
....However, the website of the Move Your Money campaign, which wants a banking system “that helps to build and support a just and sustainable society rather than undermining it”, only gives the Co-op a score of 51 out of 100. It says: “The bank’s majority ownership by hedge funds has placed question marks over the sustainability of its ethical lending approach, as have a number of serious difficulties that the bank has experienced over the past couple of years. ...
Savers warned about risks of absolute return funds  image
Source : Daily Express [Read Article] Wednesday 18th of January 2017 10:05:00 AM
....”. Mike Gordon, technical director at wealth managers Rutherford Wilkinson, says choppy performance shows that funds are failing to keep their promise of delivering returns regardless of what happens to the stock market: “The clear disparity in performance highlights the range of strategies used, some of which are complicated and traditionally found only in the hedge fund industry. ...
Top Trump adviser says post-Brexit trade deal feasible within a year image
Source : Guardian [Read Article] Tuesday 17th of January 2017 05:16:19 PM
....Anthony Scaramucci, a Wall Street financier and member of Trump’s transition team, said at the World Economic Forum in Davos that Barack Obama’s successor would seek a swift and mutually beneficial agreement. Interviewed by ITV News, Scaramucci – who has sold his hedge fund so that he can take up a job in the White House – said the US would be hoping to finalise talks within the “first six months or the first year of the administration”. ...
Samsung boss faces arrest as South Korea corruption scandal grows image
Source : Guardian [Read Article] Monday 16th of January 2017 06:18:48 AM
....Choi, who is facing charges of fraud and abuse of power, repeated her denials of any wrongdoing during an appearance at the constitutional court on Monday. “Even if I knew, I could not have passed on any information because I have no knowledge about mergers or hedge funds, anything like that, in the first place,” she told the court. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
.... WEF’s global risks report, released last week, argues that a “growing mood of anti-establishment populism” means market capitalism must now be reformed, and several panels will examine how this could happen. One panel will consider the plight of the “squeezed and angry” middle classes, with contributions from International Monetary Fund chief Christine Lagarde and hedge fund billionaire Ray Dalio. ...
Xi Jinping to become the first Chinese president to attend WEF in Davos image
Source : Guardian [Read Article] Wednesday 11th of January 2017 05:05:51 PM
.... Trump will not attend Davos, which starts just three days before his inauguration. The president-elect will be represented at Davos by Anthony Scaramucci, a multi-millionaire hedge fund manager and member of Trump’s presidential transition team. ...

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