FUND MANAGEMENT NEWS October 26, 2010 COMMERZBANK LAUNCHES CHINA FUND Commerzbank has unveiled a new Chinese equity fund, designed explicitly to reduce volatility without minimising returns. Commerzbank has partnered with China Asset Management Co to launch the Volatility Target fund, which will benefit from active management by experts on the ground in China. Structured as a Ucits Sicav, the fund has [...]
Banks will look more closely at law firms, post-downturn October 26, 2010 RECENT trading results published by a number of the large law firms might suggest they have weathered the economic turmoil pretty well. However, much of this robust performance has been achieved through cost-cutting. This is likely to worry banks and other potential backers of law firms. Difficult trading conditions have put financial management under the [...]
Desperate partners spell redundancies October 26, 2010 MCGRIGORS, a top Scots law firm, stunned the profession last week by announcing the first market-driven redundancies in the sector in the last 18 months. Some 40 staff – most of them lawyers – will lose their jobs. McGrigors has tried pretty much everything to avoid this: pay cuts, enforced unpaid holiday etc. But there [...]
BRIEFS | LEGAL NEWS October 26, 2010 JONES DAY TO BRAZIL Law firms’ race into the BRICs continues with the announcement that Jones Day is to open an office in Sao Paulo, its second in South America after Mexico City. The office will focus on supporting global clients with inbound investments into South America and provide legal counsel to Brazilian companies in [...]
We can still lure world’s best to Man Utd, says Gill October 25, 2010 Man City’s wage bill may have overtaken United’s but chief executive insists they’ll go on competing MANCHESTER UNITED chief executive David Gill is adamant they can still attract and keep the world’s top players despite refusing to spend as much on wages as Premier League rivals Chelsea and Manchester City. United’s wage policy was thrust [...]
Quins rookie Marler gets shock call-up October 25, 2010 ROOKIE Harlequins prop Joe Marler has been rewarded for his impressive start to the season with a maiden senior England call-up for next week’s first autumn international against New Zealand. Marler, 20, only made his Quins debut in April but has proven a central figure in their start to the current campaign and has been [...]
Saracens close in on signing of Henson October 25, 2010 SARACENS will hold further talks with Ospreys this morning as the Premiership club look to complete the controversial signing of Wales centre Gavin Henson. Henson trained at Saracens’ base in St Albans yesterday after talks between the 28-year-old and the club reached what chief executive Edward Griffiths called “an advanced stage”. “He was training with [...]
Anderson set for first Test October 25, 2010 ENGLAND coach Andy Flower insists bowler James Anderson will be fit for the first Test of what is sure to be a fiercely contested Ashes series. Seamer Anderson controversially suffered cracked ribs in a boxing exercise on England’s boot camp trip to Germany earlier this month. But the Lancashire man is back in training and [...]
Owners ‘as impotent as a room full of eunuchs’ October 25, 2010 CLUB owners were labelled “as impotent as a room of eunuchs” yesterday as MPs urged the government to step in and take control away from “incapable” bodies such as the Football Association and the Premier League. Politicians from all three major parties called for action from sports minister Hugh Robertson, who is holding a consultation [...]
Fed-up Fabregas bans talk of title challenge after City win October 25, 2010 ARSENAL captain Cesc Fabregas has poured scorn on endless assessments of the Gunners’ chances of winning a first Premier League title since 2004. The north Londoners delivered a powerful statement of intent with a 3-0 win at Manchester City on Sunday, ending a run of defeats against fellow title hopefuls. The victory propelled Arsenal into [...]
