FUND MANAGEMENT NEWS September 7, 2010 NEW ABSOLUTE RETURN FUND TO LAUNCH Threadneedle has this week announced plans to launch its UK Absolute Alpha Fund in the fourth quarter of this year, bolstering the asset management house’s range of absolute return funds and responding to growing client appetite for such products. Mark Westwood and Chris Kinder, who both have long/short experience, [...]
Złoty jumps as leu sinks September 7, 2010 THE Polish złoty broke out of a two-week trading range this week, strengthening from 4.017zł to 3.9277zł to the euro – a level close to that seen in May during the explosion of the euro crisis. The movement is the latest in a growing divergence among Eastern Europe’s most widely traded currencies. While, on the [...]
THE SWISSIE: A SAFE HAVEN FOR TRADERS September 7, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT ONE of the strongest trends in the currency market this year has also been one of the least noticed. While the majority of currency traders have been focusing on dollar-yen as risk aversion flows pushed that pair to 15 year lows, the Swiss franc has quietly forged a massive rally [...]
Get exposure to fast markets by day trading FX September 7, 2010 DOLLAR-STERLING moved 150 points on Monday’s US Labor Day holiday. The market clearly did not take a break. It is a reminder that the restless forex market offers day traders real opportunities: tight spreads and sharp movements that can be dipped in and out of at low cost. The volatility can mean big wins, but [...]
THE TIPSTER September 7, 2010 YESTERDAY the dollar hit a 15-year low against the yen. Much has been made of the effect this will have on the Japanese recovery. Monday saw the Bank of Japan announce that interest rates will remain unchanged, and that the quantitative easing programme will not be extended to defeat deflation. Some think that the yen [...]
FOREX ANALYST PICKS September 7, 2010 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Stay short cable from $1.55; long euro-Swissie above SFr1.3150 Expertise: Combining fundamental and technical analysis Average time frame of trades: 1 day-1 week My interest in the sterling last week has paid off more with my sterling-Aussie short (having booked profit) than my sterling-dollar short. I will remain short [...]
Clash of cultures can scupper law firms’ mergers September 7, 2010 THE Americans are coming. Hammonds has become the latest firm to announce that it is to merge with a US firm, confirming last week that it is to link up with Squire Sanders. It follows the merger of Hogan & Hartson and Lovells earlier in the year, and the announcement that SJ Berwin is talking [...]
How to show cyber-bullies the chatroom door September 7, 2010 RUSSELL JONES & WALKER LAST month Aim-listed oil company Nighthawk Energy went to court to force two investment chatrooms to reveal the identities of people who had been posting “persistent defamatory and untrue postings” about the firm. This is the first time that such a case has been undertaken, and it could offer a course [...]
A car that’s easy to live in September 7, 2010 WHEN I was a kid, we spent every summer with family in Cornwall, and every year my father’s car used to break down, extending what was a gruelling journey into an epic, Herculean trial. Fortunately for me, motoring has moved on, and I’ve just done more than twice the distance in about the same time [...]
CAR TALK September 7, 2010 MINI COUNTRYMAN LAUNCHES MINI is launching its MINI Countryman on 18 September. With ALL4 four wheel drive available, the crossover car offers extra space inside, has 350 litres of boot space and a higher seating position for occupants. So it’s a less mini and more maxi version of the MINI – it’s also the car [...]
