MANAGING A HEDGE FUND? SIMPLE, IT’S LIKE DRIVING THE SCHOOL BUS September 26, 2010 YOU’VE got to hand it to Glenview Capital hedge fund manager Larry Robbins – The Capitalist has rarely heard such a creative defence of a period of negative returns. Robbins, in his latest newsletter to clients following a four per cent decline in his portfolio over the second quarter, touched on the equity markets and [...]
CITY MOVES | WHO’S SWITCHING JOBS July 26, 2010 Deloitte The accountancy giant has appointed Nick Sanderson to head up its real estate corporate finance advisory business. Sanderson joins Deloitte as a partner from Japanese bank Nomura, where he was a managing director and head of real estate investment banking. He has also previously worked at Lehman Brothers and UBS and has 10 years [...]
Three cheers for the stars of the Square Mile October 28, 2010 LAST night was truly an exciting and exceptional occasion: City A.M.’s inaugural awards celebrating the best and brightest of London’s business, financial and investment communities. Our inaugural awards ceremony saw more than 450 guests in their finery roll up at the Grange Hotel at St Pauls. Our winners, unique in that each was initially chosen [...]
CITY MOVES | WHO’S SWITCHING JOBS September 7, 2010 Deloitte The accountancy firm has appointed UK partner Chris Harvey as the new head of its financial services group. Harvey has been a partner since 2002 and has been global head of banking and securities since 2008. He will focus on growing the financial services business in Asia, Latin America, the Middle East and Eastern [...]
CITY MOVES | WHO’S SWITCHING JOBS September 2, 2010 Signia Wealth The wealth manager has hired Mark Elliott as managing director. Elliott is joining the family-run firm from Barclays Wealth, where he established the financial institutions group and professional practices business in 2007. Before this he worked for private bank Coutts as group head for the executive team and as group head for the [...]
Deloitte merges property unit with Drivers Jonas consultants January 21, 2010 DELOITTE has merged its real estate arm with property advisory firm Drivers Jonas to create a new business with revenues of £110m. The deal marks a push by the consultancy titan to expand its property capabilities. Around 650 Drivers Jonas partners will join a 50-strong team from Deloitte¹s corporate finance division. Drivers Jonas managing partner [...]
Connaught in administration September 7, 2010 TROUBLED social housing repair firm Connaught put most of its business into administration yesterday, after its lenders refused to further fund the company. The FTSE 250 component said last night that its public sector business will be put into the hands of administrators KPMG, though its environment and compliance arms will remain in operation. The [...]
Sports broadcaster Setanta collapsed with £550m debts July 11, 2010 SPORTS broadcaster Setanta’s British arm collapsed owing £550m to creditors including the Football Association and the Scottish Premier League, according to the final report from administrator Deloitte. Setanta imploded last summer with outstanding bank loans of £261m and unsecured debts of £288m. Unsecured lenders will receive 2p for every pound claimed. Setanta tried to muscle [...]
London hoteliers report boom July 14, 2010 Hotels in London have reported a 9.3 per cent surge in revenue per available room during the first half of 2010 to £102. Average room rates were the key driver of growth, up 7 per cent to £129, while occupancy rose 2.1 per cent to 78.9 per cent, according to research by Deloitte.
London hoteliers report boom July 14, 2010 Hotels in London have reported a 9.3 per cent surge in revenue per available room during the first half of 2010 to £102. Average room rates were the key driver of growth, up 7 per cent to £129, while occupancy rose 2.1 per cent to 78.9 per cent, according to research by Deloitte.