RISK MANAGEMENT NUMBER-CRUNCHING May 13, 2009 Research conducted this year by GRS, the leading financial recruitment organisation, has revealed the following statistics. In a survey of 800 risk professionals, 43 per cent said that risk managers in general had failed to communicate risk effectively to their organisations. 63 per cent said that the credit crunch had been beneficial for them in [...]
RISK MANAGEMENT NUMBER-CRUNCHING May 13, 2009 Research conducted this year by GRS, the leading financial recruitment organisation, has revealed the following statistics. In a survey of 800 risk professionals, 43 per cent said that risk managers in general had failed to communicate risk effectively to their organisations. 63 per cent said that the credit crunch had been beneficial for them in [...]
Third day of red as miners and banks lose their appeal May 13, 2009 THE FTSE 100 dropped 2.1 per cent yesterday, succumbing to disappointing US retail sales figures, profit-taking in the banking sector and mining stocks weighed down by weak commodity prices. The index retreated for the third day in a row, closing at 4,331.37, or 94.17 points down. “Despite the change of tone, markets have more room [...]
Third day of red as miners and banks lose their appeal May 13, 2009 THE FTSE 100 dropped 2.1 per cent yesterday, succumbing to disappointing US retail sales figures, profit-taking in the banking sector and mining stocks weighed down by weak commodity prices. The index retreated for the third day in a row, closing at 4,331.37, or 94.17 points down. “Despite the change of tone, markets have more room [...]
Boerse: cash equities are not for sale September 10, 2008 A Deutsche Boerse supervisory board member said yesterday that the exchange is unlikely to sell its cash equities business to the London Stock Exchange, contrary to a report in Handelsblatt earlier this week. Citing unnamed financial sources, the German business daily had reported that UK-based The Children’s Investment Fund wanted the Boerse to pursue a [...]
…as 3i breaks glass ceiling September 10, 2008 Private equity firm 3i yesterday smashed through the City’s glass ceiling, announcing that it was appointing a female finance director. Julia Wilson, 41, will join the board at the end of the month to replace the outgoing finance director, Simon Ball. 3i chairman Baroness Sarah Hogg – who is the most powerful woman at a [...]
Sometimes, the casino seems the only way forward September 8, 2008 Tune into today’s media and what do we hear about almost every day? Recession, recession and recession. But I invite you to take a walk into the casino. Look around and you would be forgiven to think that money was just growing on trees. Money is thrown onto tables as punters take a gamble on [...]
Renewables fund raises £57m equity September 8, 2008 One of Europe’s largest green venture capital funds is to be raised by London-based WHEB Ventures, it will today be announced. Some of Britain’s most prominent business families, including Lord (Jacob) Rothschild of the banking dynasty and Simon Robertson, Rolls Royce chairman and former head of Goldman Sachs Europe, have already invested in the Cleantech [...]
Jon Moulton: why making money is my hobby as well as my profession September 5, 2008 The City’s most outspoken private equity chief talks to Katie Hope about the credit crunch At a time when most of the financial services sector is in despair over how bad the economic crisis is, Jon Moulton can barely contain his glee. He estimates the credit crunch will go on for “at least two years” [...]
Hedge funds braced for a major crisis September 4, 2008 Managers are facing their toughest year since 1990, finds David Crow Once seen as the best way to make money whatever the state of the market, the magic glue that held the hedge fund sector together is beginning to come unstuck amid the intense heat of the credit crunch. Barely a day goes by without [...]