RAB Capital chief executive quits amid declining assets; David Einhorn offloads majority of F&C stake; Goldman Sachs questions validity of Basis Capital lawsuit; and finally, Signet launches
first 'Newcits' fund...
The $1.48bn (£960m) pension fund for Flintshire County Council has issued two tenders for absolute return pooled vehicles today.
Today: Veteran fund manager quits Gartmore; New York hedge fund in talks to buy Burger King; Greenlight Capital outperforms US equity markets in August; and finally, report reveals rise in global
currency trading...
The Long:
Gwyn Roberts
Who’d be a hedge fund operational professional? In the good times they are anonymous; hidden by the shadows of over-achieving portfolio managers. In bad times they are often the last bastion
between survival and destruction.
The Long:
Andrew Baker
"It’s all too easy to attack ‘speculation’ because it is almost impossible to differentiate between speculation and trading in general"
The Long:
Gwyn Roberts
With the UK trying to tame a record deficit, it would be a reckless Treasury that let tax pounds slip through its fingers. Yet this may well be the unintended consequence if current FSA proposals
for bonus restrictions are applied to hedge funds.