CITY MOVES | WHO’S SWITCHING JOBS June 16, 2011 Dalton Strategic Partnership The investment manager has appointed Keith Busuttil as an analyst on the European Absolute Return equities team, based in London, where he will work on the Melchior European equity long short strategies. Busuttil joins DSP from The Blackstone Group, where he was vice president in the European Debt Restructuring team. Prior to [...]
BEST OF THE BROKERS June 16, 2011 BARCLAYS Deutsche Bank rates the bank “buy” with a target price of 386p. The broker notes that Barclays was keen to stress its flexibility in the face of regulatory shifts at a recent investor day, forecasting a 15 per cent return on equity for BarCap in 2013 even if revenues are subdued by rule changes. [...]
FTSE tumbles as Greek crisis prompts flight from equities June 16, 2011 BRITAIN’S top shares fell sharply yesterday as fears over the global recovery and a contagion impact from the Greek debt crisis prompted investors to sell out of riskier assets such as commodity stocks. The FTSE 100 ended down 43.74 points, or 0.8 per cent, at 5,698.81, back at levels last seen after the Japanese earthquake, [...]
Quadruple witching holds up US stocks June 16, 2011 US stocks rose in volatile trading yesterday, thanks only to technical factors and options expirations. But raging uncertainty about Greece prevented investors from committing money to the market. The impending expiration of stock-index futures, single-stock futures, equity options and stock-index options for June — known as quadruple witching — created exceptional volatility, pushing the S&P [...]
Investors should keep control of the currency within their portfolio June 16, 2011 CURRENCY is the world’s largest asset class by its very nature, as every world market is denominated in currency. Forex is also the world’s largest financial market, with daily currency trading exceeding £1.5 trillion. Currency shows weak correlation with other asset classes. As an example, if you take the dollar spot price index (USDX) – [...]
EXPERT OPINION | CURRENCY AS A STANDALONE ASSET CLASS June 16, 2011 Stuart Frost portfolio manager RWC Partners At RWC, we view currency as a standalone asset class as it is a reflection of capital flows around the world and provides income through currency appreciation or interest rate differentials. Some would argue that currency is merely the conduit for commodity, equity or bond investing, but if the world [...]
Going out in a blazer of glory June 16, 2011 WEARING a morning suit – as you have to for Ascot – may not be to everyone’s taste, but at least it means you don’t have to worry about what outfit to choose. For men heading to the corporate hospitality stands at Wimbledon next week, or to the other summer events where sun, sport and [...]
HOW LADIES CAN LOOK SMART BUT STYLISH AS WELL June 16, 2011 FOUNDERS OF ROUS ILAND MEMBERS’ BOUTIQUE, WWW.ROUSILAND.COM Q.I am hosting a number of corporate client events this summer and am struggling with what to wear. I want to look professional and yet not boring. What do you suggest? A.It is important when hosting events to make an effort with your appearance. You have to also [...]
Indulge yourself with these Wimbledon treats June 16, 2011 WIMBLEDON Tennis is about to kick off and with it the bliss of fresh cut grass courts, the oohs and aahs of the crowds, afternoons spent glued to the television. Tickets for the tournament, as usual, are gold dust, but worry if you haven’t secured one. There’s plenty of ways to celebrate the event in [...]
2011’s most colourful hero June 16, 2011 Film THE GREEN LANTERN Cert: 12A IN yet another comic book adaptation Ryan Reynolds stars as Hal Jordan, a vain, daredevil pilot who would be happy saving the world in only his pants. Having been chosen as the next “Green Lantern”, his mission is to stop the evil alien Parallax from taking over the universe [...]
