LONDONSeveral of Britain's top pension funds say they would have lost hundreds of millions of pounds had they sold out of oil and gas stocks in recent years, highlighting a potential cost to scheme members as funds face pressure to help fight global warming.
LONDON Local government pension schemes in Britain pulled money out of hedge funds last year, shifting cash to infrastructure projects such as wind farms and to private equity, a Reuters analysis of annual reports shows.
LONDON Monaco-based hedge fund Tyrus Capital said on Monday it had agreed to buy the UK-based business of Tyndaris LLP for an undisclosed sum in a deal that will nearly double Tyrus' assets under management to $2 billion (£1.56 billion).
LONDON Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions from ocean-going vessels.
LONDON Generous salary and juicy bonus? Check. Client meetings at private members' club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we’ll get back to you.
* Number of female traders hired at hedge funds at decade
LONDON City Financial has filed a notice of intention to appoint an administrator, court documents show, as a protective measure while the London-based hedge fund firm reviews its options.
(Corrects Feb. 20 story to remove incorrect reference to sale of loans by Varde and Oakhill)