Alison Carnwath, a high-profile serial director with a seat in the boardrooms of a number of major companies, has become a focus of discontent among investors after suffering an embarrassing protest vote by investors at hedge fund Man.
'People choose us because they think we will perform – rather than because we might be slightly cheaper, or slightly more expensive, than the guy next door', said Peter Clarke, chief executive of Man Group, on Tuesday when asked if the relatively hefty fees charged to investors in Man's main AHL fund might be part of the group's problem, as suggested here on Monday.
It's been coming.
More on compensation.
By guest columnist Marisa R. Santoro
Rupert Murdoch is 'not a fit person' to exercise stewardship of a major international company, a committee of MPs has concluded, in a report highly critical of the mogul and his son James's role in the News of the World phone-hacking affair.
May Day protests.
No urge to be merged.
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Incoming Royal Bank of Scotland Chairman Howard Davies has defended his role in setting up the financial regulator that presided over the near meltdown of Britain's banking system.
A former senior tax official has expressed 'surprise' that just one person has been prosecuted in the UK over alleged tax evasion by clients of HSBC's Swiss banking division.
Every time George Osborne announces a minor upwards tweak to the bank levy, a section of the City reacts as if the chancellor has declared an ambition to drive the money-changers out of London’s financial temple.