Funds

EU hedge fund plan seen threatening economy 8:42am GMT

LONDON (Reuters) - European Union plans to regulate managers of hedge funds and other alternative investments need changing to avoid damaging Europe's economy and curbing investor choice, a British parliamentary report said on Wednesday. Full Article

FSA chief Sants quits in unexpected move Tuesday, 9 Feb 2010

LONDON (Reuters) - Britain's top financial regulator announced on Tuesday he planned to step down, surprising the markets and casting doubt over the future of the Financial Services Authority and broader banking reform. Full Article

BlackRock targets overseas earnings for UK income Tuesday, 9 Feb 2010

LONDON (Reuters) - BlackRock's UK income fund is targeting companies that derive most of their revenues from overseas as it sees stronger growth outside the UK, and has added to its holdings in energy and miners in pursuit of capital growth. Full Article

Actor Bill Nighy poses on the red carpet before a film premiere in Berlin April 7, 2009. REUTERS/Hannibal Hanschke

"Robin Hood" tax campaign

A film featuring actor Bill Nighy kicks off a campaign backed by charities, unions and economists for a global tax on banks' financial transactions to fight poverty. Full Article | Related Story

More Funds News

UK pooled property funds see record inflows Tuesday, 9 Feb 2010

LONDON (Reuters) - Yield-hungry institutions backed Britain's nascent property recovery to the tune of 3.2 billion pounds in the fourth quarter, showing confidence the asset class was booming, a report on Monday showed. Full Article

Fund firms fight shy of gilts on volatility fears Friday, 5 Feb 2010

LONDON (Reuters) - Fixed income managers are fighting shy of UK government bonds, fearful of volatility ahead of a general election and the market's capacity to fill the hole left by the Bank of England's exit from quantitative easing. Full Article

Private banks use lure of charity to attract rich Friday, 5 Feb 2010

LONDON (Reuters) - Philanthropy has become a new battleground for private banks as they line up to offer rich clients the slickest methods to mimic the charitable giving of the likes of Bill Gates and George Soros. Full Article

Hermes to allow fees clawback Friday, 5 Feb 2010

LONDON (Reuters) - Hermes Fund Managers will allow all its investors to claw back performance fees, the group told Reuters, in a move that could herald fundamental change in an industry battling client anger over excessive charges. Full Article

Europe's banks seek deposits from wealth units Friday, 5 Feb 2010

LONDON (Reuters) - European bankers are prioritising wealth-management units despite falling revenues during 2009, as they increase reliance on customer deposits to fund their business, a survey published on Thursday said. Full Article

New bank Walton scraps IPO after muted demand Friday, 5 Feb 2010

LONDON (Reuters) - New UK bank Walton & Co. has scrapped its plan for a 200 million pounds initial public offering after a muted response and will raise cash privately. Full Article

Bank executives ask for government help to curb bonuses Thursday, 4 Feb 2010

LONDON (Reuters) - Bank executives are pushing western governments to co-ordinate a clampdown on bonuses to protect them from antitrust problems and ensure a level pay playing field for the industry. Full Article