Barings Asset Management is launching a new long and short equities hedge fund, managed out of Tokyo. The hedge fund will launch this summer and will be managed by Joji Maki, with full details to be announced in four to six weeks. This will be Barings second hedge fund to be set up in Asia, following the first single strategy hedge fund established in China last year.
Topically, I should be reviewing the first six months of FSA regulation which passed over the bank holiday. Instead, I am going to focus on the cost impact of the Victorian approach that the majority of lenders are burdening the industry with, perhaps appropriate at a time when MG Rover collapses due to years of failing to move with the times.
The FSA is to clamp down on phoenix firms amid pressure from IFAs and trade bodies angered by increased Financial Services Compensation Scheme levies.
Capita Group is launching a new business focussing on the high-end corporate and complex loss adjusting market.The new division, named Teceris, will be within Capita’s Insurance Services arm and will target major corporations, affinity groups, Government and the commercial insurance market at a national and global level.Capita director Stewart Steel will head Teceris.
Henderson Global Investors director of multi-manager John Husselbee is to leave the group in June as the firm sets out plans to revamp its fund of fund business significantly.
“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.
The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.
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