HSBC aims for $100m with hedge fund April 6, 2010 HSBC Global Asset Management is aiming to raise $100m (£66m) from high street investors and institutional clients for the launch of a hedge fund focusing on emerging markets. The firm will put $20m seed money into the GIF GEM Equity Alpha fund, which will use long and short positions to generate returns with low correlation [...]
Tap into Asian growth with Far East ETFs September 29, 2010 WHETHER you subscribe to the belief that the 21st century belongs to China or not, there is no doubt that it certainly belongs to emerging markets and particularly to those in the Far East. The story is a familiar one: these countries have transformed themselves from rural backwaters to the new hub of the global [...]
All-round positive outlook for 2011 worrying December 12, 2010 This is it – the last meaningful trading week of the year. This is the final opportunity for anyone wanting to move around a decent amount of stock or trying to place an order without sending prices haywire. The week when the futures and options expire and we all settle in to the two-week lull [...]
All-round positive outlook for 2011 worrying December 12, 2010 This is it – the last meaningful trading week of the year. This is the final opportunity for anyone wanting to move around a decent amount of stock or trying to place an order without sending prices haywire. The week when the futures and options expire and we all settle in to the two-week lull [...]
HSBC raises $580m for fund March 30, 2010 HSBC has raised $580m (£384m) for a new infrastructure fund to invest in public-private partnership projects such as hospitals, prisons, offices, transport and housing. HSBC put $150m towards the fund, which will concentrate on investing in projects in their early stages, then selling them once they are up and running. The fundraising target is $1bn.
Barclays weighs up costs of quitting UK October 27, 2010 SENIOR executives at Barclays Bank are weighing up the costs of moving the group’s headquarters from London to overseas, most probably New York. The bank’s executives, including at board level, have spent a great deal of time poring over the issue over the past few weeks. While no final decision has been taken, they have [...]
TONIGHT WILL BE A NIGHT FOR HEARTY CELEBRATION October 27, 2010 THIS evening will see 450 guests in their finery roll up at the Grange hotel at St Paul’s, as City A.M. proudly hosts its first ever awards ceremony honouring the UK’s business stars and City luminaries. The award winners will come from a diverse range of sectors, from investment to retail banking, fund management and [...]
Peel Hunt staff buyout from KBC completes November 29, 2010 BROKER Peel Hunt has started life as an independent entity after completing a buyout by its staff. The buyout from former owner KBC, a Belgian bancassurance firm, was completed on Friday and values the company at £74m – a third of the £218m KBC bought it for in 2001. Peel Hunt’s employees own 75 per [...]
Chinese output picks up again September 29, 2010 Chinese manufacturing is picking up after slowing in the first half of 2010. A rise in HSBC’s China Purchasing Managers’ Index to a five-month high in September pointed to renewedmomentum in the vast industrial sector that is the backbone of China’s economy. The index rose to 52.9 from 51.9 in August.
Lloyds to vet headhunters October 31, 2010 LLOYDS Banking Group is set to hold a “beauty parade” for headhunters in the next couple of weeks, as preparations get underway to appoint a successor to chief executive Eric Daniels. Lloyds – which is expected to confirm to the market that it remains on track to deliver a profit for the full year at [...]