I’ll never overtake Federer, says US Open champ Nadal September 14, 2010 HE may be the newest member of a select band of greats to have won all four Grand Slam titles, but newly-crowned US Open champion Rafael Nadal does not even rate himself the best player currently on the men’s tour. Of course, that is because Nadal has the misfortune to be competing in the same [...]
Henson deal denied by Wasps boss Edwards September 14, 2010 WASPS head coach Shaun Edwards has poured cold water on suggestions the club have struck a deal to sign Wales centre Gavin Henson. British and Irish Lions star Henson, who is currently on a break from the sport and competing in Strictly Come Dancing, is said to have agreed to join when he completes his [...]
Cidermen top the table as Notts are left frustrated September 14, 2010 SOMERSET moved two points clear at the top of the County Championship as heavy rain continued to play havoc with the final round of matches. Former England opener Marcus Trescothick smashed 75 as the Cidermen picked up four bonus points to leapfrog Nottinghamshire in pursuit of a first-ever title. Somerset finished the day on 226-4 [...]
Strauss is definitely our man September 14, 2010 AT last it seems Andrew Strauss has silenced those critics who still don’t believe he is the right man to lead England into the World Cup on the sub-continent next year. The England captain is at the very top of his game and showed in his century at Headingley that is equally as comfortably in [...]
Unloved European equities are cheap and attractive September 14, 2010 IT WAS not so long ago that European equities were underloved and underowned. A combination of the sovereign debt crisis and fears of a patchy economic recovery saw investors dumping European-listed stocks in favour of almost anything else. Global fund allocations to European equities languish at around 13 per cent, close to the lows of [...]
Ethical investors cannot have their cake and eat it September 14, 2010 AcademicS were making waves in the socially responsible investment (SRI) community this week, as a new study suggested that SRI funds offer lower returns than simple index-trackers. Conducted by the EDHEC-Risk Institute, the paper updates a study of French SRI funds by looking at 172 funds’ returns between 2002 and 2009. It shows that while [...]
FUND MANAGEMENT NEWS September 14, 2010 GROSVENOR FUND’S £110M LLOYDS DEAL Grosvenor Fund Management UK announced earlier this week the completion of a new £110m debt facility with Lloyds TSB Corporate Markets for its £400m Grosvenor London Office Fund. The three-year deal replaces the existing facility with Lloyds Banking Group, which expires this month. The fund’s loan-to-value ratio is low at [...]
Policies prop up pound September 14, 2010 STERLING bulls breathed a sigh of relief yesterday after a broad sell-off in the dollar pushed cable to as high as $1.5588. This raised hopes that sterling would remain the best of a bad bunch and avoid weakness caused by looming austerity measures. Although sterling has appeared the best of the G3 currencies, it has [...]
FX MARKETS ARE POWERED BY BEIJING September 14, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT As I prepare for my “all-things-forex” seminar with Allister Heath on 23 September between 8 and 10am at the Grange Hotel (register at gftuk.com/cityam), I can’t help but marvel at the idea that China is now the primary driver of trade in the FX market. Although its own currency is [...]
All to play for as the dollar either rallies or divebombs September 14, 2010 NEXT Thursday 23 September at 8am, analysts and commentators will convene for a forex jamboree at the Grange Hotel near St Paul’s. City A.M. editor Allister Heath will be talking forex with leading currency analyst Boris Schlossberg of GFT, and all readers are invited to attend – for free. Heath says: “This is a great [...]
