GLG assumes loss due to fund manager's actions. Sibanthracite Plc pulled out its initial offering (IPO) causing losses for GLG Partners Inc. this was after its former fund manager Greg Coffey blew a bet with Sibanthracite.
Tags: Fund manager
UK Makes Fund Managers Accountable On Stewardship
In this period of time, headlines have been bombarded with news about executive remuneration, board composition, and other environmental concerns regarding climate change – issues which in fact concerns investors and listed businesses.
Fund Managers Assures Election Will Not Wreck Your 401(k)
Fund managers assured that who ever wn the 2016 election, the 401(k) will not be affected The 401(k) is the defined contribution pension account under the Internal Revenue Code.
London-based Henderson Group looks to grow assets to £150B by 2018
Henderson Group has plans to grow its assets to £150 billion in four years as it seeks to expand in markets outside the UK, Reuters reported.
Mobius still betting on Thai investments even after first largest drop in 14 years- report
Emerging markets fund manager Mark Mobius is still betting heavily on Thailand, despite his Asia fund's largest decline in more than a decade, according to reports.
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Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.
Vinik Asset Management is set to wind up its business, according to a report from the Wall Street Journal.
Ares IPO would be conducted in the next few months, at a time that the market is very buoyant. Ares Management LLC is an investment firm with about US$59 billion in its portfolio of credit and private equity assets.
The race to get top investors between foreign and local managers heats up in a system with little foreign currency exposure and lack of information on deals.
Blackstone, Apollo and KKR lead payouts to chief executives after banner 2012 year. Co-founder and CEO of the Blackstone Group Steven Shwarzman, according to filed papers by the equity firm, received pay and cash dividends amounting to US$213.
Former Soros CIO Anderson now raising funds for own financial firm. Learning from the best now he is striking it out on his own. Keith Anderson, former Chief Investment Officer at Soros Fund Management is now raising funds for his own hedge fund named Anderson Global Macro according to recent report from Reuters.
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