Funds

Three brokerages complain of "bullying" banks Monday, 9 Nov 2009

LONDON (Reuters) - Three of London's best-known brokerages have accused the bailed-out banks of "bullying" debt-burdened corporate clients into using their investment banking services, skewing already tough competition. Full Article

Luxembourg to boom as hedge funds move onshore Monday, 9 Nov 2009

GENEVA (Reuters) - Luxembourg could draw hedge funds in their droves as European investors retreat from offshore vehicles and seek to rein in liquidity and counterparty risk in the post-Madoff, post-Lehman environment. Full Article

Britain floats bank levy at G20 Monday, 9 Nov 2009

ST ANDREWS (Reuters) - Britain pressed the G20 on Saturday to come up with a plan to make banks pay for any future bailouts but one idea of imposing a global financial transactions tax was immediately shot down by the United States. Full Article

Gold bars are pictured at the Ginza Tanaka store in Tokyo October 23, 2009. REUTERS/Issei Kato

Gold hits record high

Gold has hit a record high above $1,100 an ounce as the dollar slides on expectations U.S. interest rates will remain low. Full Article

Timeline: Gold's meteoric rise

More Funds News

PwC readies new plan for returning Lehman assets Monday, 9 Nov 2009

LONDON (Reuters) - The administrator of Lehman Brothers' European arm will proceed with a revised plan to return billions of hedge fund assets after a London appeal court on Friday rejected earlier proposals. Full Article

Schroders in big move to emerging debt Monday, 9 Nov 2009

LONDON (Reuters) - Schroders has hiked exposure to emerging market and high-yield debt in its Strategic Bond Fund, fearing higher inflation and interest rates will put particular pressure on mainstream western debt. Full Article

Turnaround funds eye Threshers business Monday, 9 Nov 2009

LONDON (Reuters) - Funds specialising in turning around troubled companies are among the favourites to buy the stores of off-licence chain Threshers from administrators, people familiar with the matter said on Friday. Full Article

EU Parliament report slams hedge-fund directive Monday, 9 Nov 2009

LONDON (Reuters) - A report for the European Parliament attacked a proposed EU directive to regulate hedge funds as "poorly constructed, ill-focused and premature", in a blow for lawmakers who have demanded tough rules for the sector. Full Article

Trinity Mirror to end final salary pensions Monday, 9 Nov 2009

LONDON (Reuters) - Newspaper publisher Trinity Mirror is planning to close its final salary pension scheme due to the increased costs of providing the scheme. Full Article

Schroders says bubbles building in emerging markets Monday, 9 Nov 2009

LONDON (Reuters) - "Easy" money being pumped into emerging market economies by Western governments could lead to asset price bubbles, Schroders chief investment officer said. Full Article

U.S. insider trading probe widens Friday, 6 Nov 2009

NEW YORK (Reuters) - Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers. Full Article