WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2009 FINANCIAL TIMES BRAMDEAN FUND POSTS HEAVY FALLBramdean Alternatives, the listed fund of alternative funds, has posted its worst monthly fall in net asset value in sterling terms since its inception two years ago. The fund, which is managed by Nicola Horlick’s Bramdean Asset Management, suffered a 7.7 per cent fall in net asset value to [...]
CITY TRADER OFFERS GAMBLERS A FLUTTER ON A LOTTERY OF HIS LIFE June 10, 2009 REMEMBER the man who, last year, decided to mend his broken heart after a divorce by selling his entire life on eBay, house, car, job and all? Well, one enterprising City boy has decided to go one better – he’s started a competition for entrants to “win a new life”, and stands to make millions [...]
Boerse: cash equities are not for sale September 10, 2008 A Deutsche Boerse supervisory board member said yesterday that the exchange is unlikely to sell its cash equities business to the London Stock Exchange, contrary to a report in Handelsblatt earlier this week. Citing unnamed financial sources, the German business daily had reported that UK-based The Children’s Investment Fund wanted the Boerse to pursue a [...]
Atticus sees £2.7bn losses as downturn hits it hard September 2, 2008 Atticus, the high-profile New York hedge fund involved in the failed Barclays bid for ABN-Amro, has lost more than $5bn (£2.8bn) this year after its funds were battered by steep falls in financial stocks. The activist fund saw assets under management fall to around $14bn at the end of July, down from $20m last year [...]
Liberty surges on speculation over fierce bidding war August 27, 2008 Liberty International saw its shares receive a welcome fillip yesterday as US mall owner Simon Property Group upped its stake in the UK shopping centre specialist to 4.22 per cent, prompting speculation of a bidding war. Australian property group Westfield, the world’s largest shopping mall owner by market cap, also confirmed yesterday that it had [...]
Plunge into a dark pool in the new era of trading platforms August 26, 2008 Project Turquoise is here, and promises to shake up the world of trading. But what does it mean for you?, asks Katie Hope Within two weeks, Project Turquoise will launch in full. The hotly awaited new trading platform set up by a consortium of nine investment banks, started quietly almost two weeks ago trading just [...]
Imperial Energy opens books to China, but Indian rival is still in the running August 6, 2008 Imperial Energy has opened its books to the Chinese state-owned oil company Sinopec, but talks are still continuing with its Indian rival. Imperial confirmed on Monday that it had received an approach, with sources close to the deal confirming the bidder as China Petroleum and Chemical Company, also known as Sinopec. It is believed to [...]
Kazakhmys gets blocking stake in ENRC August 12, 2008 Kazakhmys, the Kazakh copper producer, has upped its stake in Kazakh rival Eurasian Natural Resources Corporation (ENRC) to 25.02 per cent, effectively preventing its biggest rival from making a hostile bid for it. The purchase of 35.7m shares, at an average of 1,126p each for a total £402m, will give Kazakhmys the power to veto [...]
Nomura in bid talks with Collins Stewart August 8, 2008 Cash-rich Japanese bank Nomura is believed to be in talks with small cap stockbroker Collins Stewart, while Australian bank Macquarie and Israeli multi-national Delek Capital, a subsidiary of Israeli conglomerate Delek, are also understood to have shown an interest in acquiring the broker. Collins Stewart said on Wednesday that it had received a preliminary approach, [...]
Brain-drain? It’s nothing but a blip September 10, 2008 Lots of City workers are heading for Dubai at the moment, but don’t worry: London will lure them back soon, says Max Orbach We all know somebody who has re-located to Dubai, Singapore or even Moscow in the last few months, as the British economy has wobbled, house-prices have fallen and inflation has risen. While [...]