Edition:
United Kingdom

Maiya Keidan

EXCLUSIVE-Leading Brexit donors say Britain will reverse decision to leave EU

11 Jan 2019

LONDON, Jan 11 Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and that the United Kingdom will stay in the European Union.

UK local authority pension schemes cut hedge fund bets

04 Jan 2019

LONDON Britain's top local authority pension plans have cut investments in hedge funds in favour of better-performing alternatives, a review of annual reports shows, adding pressure to an industry beset by weak performance, outflows and fund closures.

Exclusive: City Financial's hedge fund Decca to shut down - letter

21 Dec 2018

LONDON London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it "did not deliver the performance that you expect of us", according to a letter to investors reviewed by Reuters.

Macro hedge funds facing worst year since 2011, as promise turns to pain

20 Dec 2018

LONDONVicious but short-lived volatility spikes, spectacularly unsuccessful emerging market bets and a dollar U-turn have hit macro hedge funds hard this year, setting them up for the worst year in seven.

RPT-UK hedge, private equity funds seek legal advice on life under Labour

28 Nov 2018

LONDON, Nov 27 British hedge and private equity funds are seeking detailed legal advice over how to deal with any return to power of the opposition Labour Party, which has shifted sharply to the left since it was last in government.

UK hedge, private equity funds seek legal advice on life under Labour

27 Nov 2018

LONDON British hedge and private equity funds are seeking detailed legal advice over how to deal with any return to power of the opposition Labour Party, which has shifted sharply to the left since it was last in government.

Hedge fund Toscafund says UK equity stocks "incredibly cheap"

16 Nov 2018

LONDON, Nov 16 UK share price losses following the release of Prime Minister Theresa May's draft agreement on exiting the European Union make British stocks even more undervalued than previously, and thus more attractive, UK-based hedge fund Toscafund Asset Management said.

Monte dei Paschi shows restructuring progress in third quarter

09 Nov 2018

MILAN State-owned bank Monte dei Paschi di Siena on Friday showed that its restructuring is advancing when it reported a third-quarter net profit driven by cost cuts that offset lower revenue and one-off charges.

UPDATE 1-NordLB to shed ship loans early in balance sheet clean-up -sources

09 Nov 2018

LONDON/FRANKFURT, Nov 9 NordLB is trying to shed almost all of its non-performing shipping loans this year, much earlier than publicly indicated, as the German bank steps up efforts to clean up its balance sheet, sources close to the matter said.

NordLB to shed ship loans early in balance sheet clean-up -sources

09 Nov 2018

LONDON/FRANKFURT, Nov 9 NordLB is trying to shed almost all of its non-performing shipping loans this year, much earlier than publicly indicated, as the German bank steps up efforts to clean up its balance sheet, sources close to the matter said.

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