FUND MANAGEMENT NEWS November 2, 2010 RENAISSANCE UNVEILS THREE NEW UCITS FUNDS Renaissance Asset Managers, the emerging and frontier markets investment firm, launched three new Ucits funds offering international institutions exposure to fast growing emerging market asset classes. The Emerging Europe Long Short Equity and Emerging Europe Equity Fund were launched last week while it is anticpated that the Russia Debt [...]
Regulatory revamp must not erode UK’s good reputation November 2, 2010 AT the CBI last week the business secretary Vince Cable fleshed out some earlier comments made by David Cameron on the future direction of competition policy in the UK. The merger of the OFT and the Competition Commission has already been floated, but in his speech the business secretary raised three more specific issues: an [...]
Employment change would hit workers November 2, 2010 LORD Young of Graffham confirmed this week that the government is considering increasing the qualifying period for claiming unfair dismissal from one year to two. The last change to the qualifying period was in 1999 when it was changed from two years to one, so this looks like a backwards step. In fact, some favour [...]
BRIEFS | LEGAL NEWS November 2, 2010 PARTNERS FACE PROCEEDINGS Former partners at Halliwells, which collapsed this summer, could face legal action. Joint administrators Dermot Power and Shay Bannon sent what has been dubbed a “letter of death” to ex-partners, saying that they could face proceedings related to claims including unpaid capital contributions and breach of duty. The administrators are investigating various [...]
US equities will regain their appeal November 2, 2010 MARKETS have certainly been focused on the United States in recent months in anticipation of further quantitative easing from the Federal Reserve and in the run-up to yesterday’s mid-terms. But despite their interest in events in the US, investors have not been putting money into US equities. According to data from the Investment Management Association [...]
Regulatory revamp must not erode UK’s good reputation November 2, 2010 AT the CBI last week the business secretary Vince Cable fleshed out some earlier comments made by David Cameron on the future direction of competition policy in the UK. The merger of the OFT and the Competition Commission has already been floated, but in his speech the business secretary raised three more specific issues: an [...]
BRIEFS | LEGAL NEWS November 2, 2010 PARTNERS FACE PROCEEDINGS Former partners at Halliwells, which collapsed this summer, could face legal action. Joint administrators Dermot Power and Shay Bannon sent what has been dubbed a “letter of death” to ex-partners, saying that they could face proceedings related to claims including unpaid capital contributions and breach of duty. The administrators are investigating various [...]
BG Group’s new project could be revolutionary November 1, 2010 THE coverage of third quarter oil company earnings published today will mask a more interesting story for the energy sector. Natural gas giant BG Group announced on Saturday that it had been given the go ahead to become the first company to liquefy gas from coal deposits. The new venture will have the capacity to [...]
FED DECISION DOES NOT END UNCERTAINTY November 1, 2010 CFD MARKET STRATEGIST, GFT THE two-day US Federal Open Market Committee (FOMC) meeting ends tomorrow. This should end months of speculation over the size and scope of additional monetary stimulus. Last week, the Federal Reserve sent out a number of conflicting signals concerning its next move. Rather than narrowing the range of possible outcomes, the [...]
Tricky with the Nikkei – Japan seems to be getting worse November 1, 2010 WHILE many pundits in the US have spent the last two years predicting a Japanese future for America, Japan itself has not got any more popular. Instead, the strengthening yen – barely affected by occasional Bank of Japan (BoJ) interventions – has weighed heavily on Japanese equities. Where other indices have recovered from stock market [...]
