Hedge funds had their worst performing year last year since 2011, posting returns of 2.02 per cent, according to the latest data from Preqin.
The chair of the City watchdog has defended the organisation against accusations of government interference, as he expressed irritation at George Osborne publicly announcing the withdrawal of one of the frontrunners to lead the regulator.
This time last month stock markets were starting an end-of-year rally, cheerfully regarding the US Federal Reserve’s small increase in interest rates as evidence of the underlying strength of the global economy. Now, says William White, former chief economist of the Bank for International Settlements, the situation is as bad as in 2007, the onset of the banking crash.
Another day, another massive set of job cuts.
The shape of things to come ?
Deutsche Bank has warned investors it expects to report a €6.7bn (£5.15bn) loss for the fourth quarter of 2015.
Growing concern in the City about Britain’s possible exit from the European Union has been underlined by the fact that the Wall Street firm Goldman Sachs had pumped a significant sum into the campaign for staying in.
Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors.
The FTSE 100 officially entered bear market territory yesterday for the first time since 2009, as the New Year sell-off sent panic through trading floors and stoked fears of a broader economic slowdown.
Shifting more operations to lower cost cities like Mumbai and Budapest.
Pacific Investment Management Co. is seeking to expand in an increasingly affluent Asia.
Four Nomura investment bankers, each managing directors covering major industries, were among 17 employees who left voluntarily since the bank cut pay and personnel in the Americas, according to people with knowledge of the moves.
Ken Griffin’s $24bn Citadel investment firm has hired David Bonfili to help manage a new equities division, according to spokesman Zia Ahmed.