Reuters: Funds News

Jury acquits ex-Bear Stearns hedge fund managers

Wed, 11 Nov 2009 07:56:03 +0000

NEW YORK (Reuters) - Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis.

Jury out on wider appeal for Lloyds' new hybrids

Wed, 11 Nov 2009 10:06:54 +0000

LONDON (Reuters) - Lloyds looks set to get investor support for a hybrid bond exchange into 7.5 billion pounds of new enhanced capital notes (ECN) but it is not clear how much wider appeal these new securities will command.

ING raises property bubble fears

Wed, 11 Nov 2009 10:22:48 +0000

LONDON (Reuters) - ING Real Estate has raised concerns that a recent rise in UK commercial property prices could lead to a bubble, possibly causing values to fall again by end-2010, one of its senior executives said on Tuesday.

FIM paid heads millions

Wed, 11 Nov 2009 10:24:53 +0000

LONDON (Reuters) - Fund manager FIM, which faces legal action by investors duped in the Madoff fraud, paid its top two directors 7.7 million pounds last year, accounts showed.

Hedge fund Paulson & Co raises bet on Cadbury

Wed, 11 Nov 2009 10:08:29 +0000

BOSTON (Reuters) - Hedge fund firm Paulson & Co, which earned billions with savvy bets during the credit crisis, has doubled its stake in confectionery maker Cadbury, according to a regulatory filing released on Tuesday.

K1 Invest hedge fund to enter liquidation

Wed, 11 Nov 2009 10:13:45 +0000

FRANKFURT (Reuters) - A Caribbean-based fund operated by Germany's K1 hedge fund group will go into liquidation after its assets were frozen, the fund's director said in a letter to distributors.

Jupiter finds local partner for sales push in France

Wed, 11 Nov 2009 10:02:30 +0000

LONDON (Reuters) - Jupiter Asset Management has formed a strategic alliance with a French distributor as it seeks to expand in France.

Brown plays down bank transaction tax

Tue, 10 Nov 2009 13:31:49 +0000

LONDON (Reuters) - Prime Minister Gordon Brown said on Tuesday banks must be made to act responsibly but that a levy on transactions was only one possible way of achieving this.

EU finance ministers agree to bump up bank capital

Tue, 10 Nov 2009 11:37:14 +0000

BRUSSELS (Reuters) - European Union finance ministers adopted a preliminary agreement on Tuesday to sharply boost the amount of capital banks must hold to offset risky trading activities.

BlackRock sees sharp rise in European telecoms

Tue, 10 Nov 2009 10:06:30 +0000

LONDON (Reuters) - European telecoms are undervalued and companies such as Telefonica and Vodafone could rise 25 to 30 percent in the next year, said a fund manager at BlackRock.