News

Mercer Rebuts Critics of Fund Manager Selection Process

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Hedge Funds Inch up in January

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

American Express Unveils Two Funds

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Dick Feehan Quits Lehman

Dick Feehan, the former custody sales wizard at Bankers Trust, has quit Lehman Brothers. The great man is off skiing for a week, and so unavailable to comment, but the City rumor mill says that, although he is talking to

Fitch Downgrades Deutsche Bank Rating

Fitch Ratings, the international rating agency, has downgraded Deutsche Bank's Individual rating to 'B C' from 'B' and at the same time has affirmed its Long term rating at 'AA', removing both from Rating Watch Negative. A Negative Outlook is

Asia Global Crossing Postpones Earnings Release

Confidence in Global Crossing, the telecommunications company to which SWIFT out sourced its network provision last year, took another dive today with news that Asia Global Crossing had postponed release of its 2001 earnings data another week to February 26.

UBS Results Also Down on 2000

UBS reports net profit after tax for 2001 of CHF 4,973 million, 36% less than the previous year. Pre goodwill, net profit was 28% lower than was achieved in the markedly stronger markets of 2000. Although UBS is still constrained

Michael Gordon Joins DrKW as Credit Derivatives Trader

Dresdner Kleinwort Wasserstein (DrKW), the investment bank of Dresdner Bank AG, announced today that Michael Gordon has joined the Tokyo office as Director, Credit Derivatives Trading. In this new position, he will report to Mark Mallia, Head of Credit Trading,

CSFB Unveils HIP Tracking Fund

Credit Suisse First Boston announced the launch of its first Hedgefund Index Participations "HIP" fund, which has been designed for investment by pension funds and other institutions who wish to diversify their portfolios across alternative forms of investment vehicles. Commenting