Merrill Lynch said it will take a Q4 charge of $2.2 billion, mainly to cover the elimination of 9,000 jobs. Merrill said the job cut number includes all reductions since November, including a new round of 1,200 job cuts in
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
Eagle eyed hedge fund managers and prime brokers scanning the usual crop of Managing Directorships handed about by the major investment banks will have spotted the names of Mark D'Andrea (Barclays Capital) and Warren Holmes (Morgan Stanley) in today's Financial
CF Odey European Trust, the Europe ex UK unit trust, has achieved 1.07% this year against a fall in the FTA Europe ex UK index of 21.67% and claims to be displaying the best risk profile of the 107 funds.
New Star Asset Management the fund management company founded by John Duffield after his acrimonious departure from Jupiter, the company he sold to Commerzbank has proved its pulling power by raising $180 million on its debut in the capital guaranteed
For the second consecutive year, leading hedge fund advisory firm Parker Global Strategies is forecasting 20% plus growth in global allocations to hedge funds in 2002, with arbitrage strategies expected to net the biggest inflows of assets. "Hedge funds will
Trafalgar Capital Management, a London based fund manager founded in 1999 and now chaired by former Conservative government minister Lord Strathclyde, has launched a $40 million long short equity fund. Some of the funds were already under management, but the