Funds

Wall Street's image needs years to rebound Friday, 20 Nov 2009

NEW YORK (Reuters) - Wall Street's image, battered by the financial crisis, may take years to recover as its executives themselves are the first to acknowledge. Full Article

Gartmore plans IPO to cut H&F stake Friday, 20 Nov 2009

LONDON (Reuters) - Fund firm Gartmore plans to launch a London listing in a move which will allow major shareholder Hellman & Friedman to join private equity peers seeking to reduce stakes through IPOs. Full Article

Prodesse to wind itself down Friday, 20 Nov 2009

LONDON (Reuters) - Investment company Prodesse plans to sell its assets and wind itself down so shareholders trapped by a lack of liquidity in its stock can cash in on their holdings. Full Article

An employee takes gold ingots to be weighed in a room for final weighing and packaging at the Krastsvetmet plant in the Siberian city of Krasnoyarsk November 16, 2009. REUTERS/Ilya Naymushin

A golden opportunity?

With record-high gold moving further into uncharted territory, analysts who study past chart patterns see any correction as an opportunity to lengthen exposure. Full Article | Related Story

More Funds News

BlackRock to transfer two property funds to Aviva Friday, 20 Nov 2009

LONDON (Reuters) - Asset manager BlackRock will transfer the management of two property fund of funds to Aviva Investors following the departure of the funds' manager for Aviva, both companies said on Friday. Full Article

Sovereign funds fear inflation Friday, 20 Nov 2009

SINGAPORE (Reuters) - Sovereign wealth funds are concerned about inflation caused by massive stimulus packages in the west and investing more in property and commodities to hedge against that risk, Franklin Templeton said on Friday. Full Article

Private equity eyes illiquid hedge fund stakes Friday, 20 Nov 2009

LONDON (Reuters) - Hedge fund investors stuck in products with illiquid assets are increasingly seeing interest in their stakes from specialist private equity or other buyers as markets recover, according to broker Tullett Prebon. Full Article

Buyout investors ready for less profit in IPO rush Friday, 20 Nov 2009

PARIS (Reuters) - Private equity investors are ready to accept lower returns in exchange for getting some cash back when buyout firms float some of their biggest companies in what could be a crowded market for new issues next year. Full Article

Inflation doubts dog pension liabilities Friday, 20 Nov 2009

LONDON (Reuters) - Many FTSE 350 companies may be overstating their pension liabilities due to uncertainties over long-term inflation rates, consultant Mercer said on Thursday. Full Article

New Moulton vehicle to list before Christmas Friday, 20 Nov 2009

PARIS (Reuters) - Better Capital, the new venture from Jon Moulton, is planning to raise over 100 million pounds for turnaround investments and is due to list in London before Christmas, Moulton said. Full Article

JPMorgan lands Cazenove Thursday, 19 Nov 2009

LONDON (Reuters) - JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old stockbroker at 2 billion pounds. Full Article