Providers make a dash for share of ETC market March 31, 2010 WHEN it was announced at the end of last year that investment vehicles traded on exchanges, mostly in the form of index-tracking funds, had passed the $1 trillion mark globally, it was a sign that listed products were growing in popularity. But while exchange-traded funds (ETFs) have made their mark already here in Europe, it [...]
Not all tracking is equal, and it can pay to know which your ETP uses January 27, 2010 ONE of the biggest attractions of exchange-traded funds (ETFs) is that they track indices such as the FTSE 100, giving investors exposure to the performance of these benchmarks without requiring them to hold actual shares. In order to replicate the performance of the underlying index as closely as possible, the fund has to include exposure [...]
My corporate jet is easyJet: meet the platform boss taking on the LSE May 17, 2010 HE TALKS LOUDLY and moves fast. Alasdair Haynes, the chief executive of the pan-European trading platform Chi-X Europe, cuts a larger than life figure. The boss of the trading platform, which has grabbed a 30 per cent share of FTSE 100 trading from long-established rival the London Stock Exchange (LSE) since it was set up [...]
NEWS | IN BRIEF December 14, 2009 Barclays cheers Lehman assets Barclays boss Bob Diamond claimed yesterday that the assets the bank gained from Lehman Brothers are healthier than originally anticipated. Diamond made the comments at a speech to the Council on Foreign Relations in New York, over a year after Barclays bought up the US operations of Lehman Brothers, which fell [...]
Banking bosses divided over Tory plans for sector reform January 19, 2010 BANKING bosses are divided over George Osborne’s plans to overhaul regulation of the industry, City A.M. has learned. The shadow chancellor met twelve banking bosses for lunch yesterday for what one source at the meeting described as a “full and frank” exchange of views. Those in attendance included HSBC chairman Stephen Green, Barclays chairman Marcus [...]
CITY MOVES | WHO’S SWITCHING JOBS January 10, 2010 Office of Fair Trading The consumer watchdog has appointed Sheldon Mills, a senior associate at law firm SJ Berwin, as its new director of mergers, effective from 15 February. Mills joined SJ Berwin in 2006 from rival Jones Day. Simon Holmes, head of EU and competition at SJ Berwin, said: “While we will miss him, [...]
CITY MOVES | WHO’S SWITCHING JOBS February 23, 2010 PVE CAPITAL The investment group has appointed two new members to its team managing the Matrix PVE Global Credit Fund, a hedge fund launched in October last year as a joint venture between PVE Capital and private equity firm Matrix. Elena Ciampichetti joins as head of credit research from Citi, where she was a managing [...]
US stocks boosted by Merck earnings February 16, 2010 US stocks posted their biggest daily percentage gain in three months yesterday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook. Resource related shares were among the strongest gainers as a weaker US dollar sparked buying in oil and other commodities. The CRB commodities index marked its largest [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 18, 2010 FINANCIAL TIMES ALARM WAS RAISED ON LEHMAN Securities and Exchange Commission and Federal Reserve officials were warned by a leading Wall Street rival that Lehman Brothers was incorrectly calculating a key measure of its financial health months before its collapse in 2008, people familiar with the matter say. Former Merrill Lynch officials said they contacted [...]
Barclays star Jenkins to quit the bank to set up his own business July 19, 2009 TOP Barclays dealmaker Roger Jenkins is understood to be leaving the bank to set up an advisory business targeting sovereign wealth funds. Jenkins, thought to earn around £40m a year, was instrumental in securing the £5.8bn investment from Middle Eastern state-backed investors that helped the bank steer clear of government control. The news comes as [...]