After Madoff, Mirabaud may blacklist unmonitored funds
In a new sign of how the Madoff scandal is affecting the hedge fund world, Swiss private bank Mirabaud has…
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Wealth
FT: $150bn redeemed from hedge funds in Dec
Investors pulled close to a net $150bn from hedge funds last month in spite of moves by dozens of funds…
ByLloydsTSB: Flight to safety slows
Investors have continued to move money into more cautious investments, such as cash or bonds, over the last six months.…
ByValentine’s Day, Every Day
Nick Valentine knows how to create London’s best clubs: mystery, flair – and peacock feathers? Venetia Clarke meets the man…
ByCitigroup ‘universal banking’ model in peril
Citigroup is understood to be on the verge of announcing a major break-up of its ‘universal banking’ model. Citigroup is…
ByReuters: 500 jobs to go at Barclays Wealth
Britain’s Barclays Plc is cutting over 2,100 jobs across its investment banking and investment management (IBIM) units, or about 7…
ByMayfair rents collapse as hedgies move out
Office rents in Mayfair, the traditional home of London’s hedge funds, fell by almost 30 percent in 2008, according to…
ByTimes: New art fund expecting bargains
One of London’s top professional art investors is to set up a special fund to cash in on the bargains…
ByThe tragedy in Gaza
The horror of the carnage overshadows some unpalatable truths about Hamas. The world television-viewing public is appalled by the daily…
ByMorgan Stanley-Smith Barney merger threatens layoffs
In what will represent a new quake across the tectonic plates of US financial services, Morgan Stanley is negotiating terms…
BySunday Telegraph: New Star sale expected soon
A buyer for troubled fund manager New Star Asset Management could be announced by the end of the month after…
ByMadoff Scandal: Special Section
It is the (allegedly) the largest fraud in modern history: $50bn may have disappeared in a giant Ponzi scheme orchestrated…
ByMadoff’s Victims: A Comprehensive List
Click here to download a comprehensive list of the alleged victims of the Madoff scandal, as compiled by AlixPartners of…
ByVictoria Aitken
GSTAAD DIARY Right off the train I went to the Palace Hotel to meet Ivan Lindsay, my holiday host. I…
ByFT: Jargon busting
Every January, I hand out awards to the world’s top purveyors of business twaddle for outstanding achievement during the past…
ByMoney flies to Belgium
In a new sign of the scale of the flight to quality to financial institutions perceived by clients as safe,…
ByFull disclosure of short positions may be required
The FSA is considering extending the disclosure on short positions to all publicly traded UK firms, and has been consulting…
ByHow Madoff Did It
It was so simple – that is why he got away with it. Here is how he did it. By…
ByAmerican warfare unleashed
Now it is clear that the drones have been authorised to launch their lethal Hellfire missiles. Although the Pentagon has…
ByDon't Let's Be Beastly to the Germans
Peer Steinbruck may be glorying in British troubles now, but we ought not to respond in kind – just think…
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