Hints and tips:
...Leda Braga’s Systematica and BH-DG, a joint venture between David Gorton and hedge fund Brevan Howard, have also made big gains....
...The first is BH Macro, a listed hedge fund which tends to do well when markets wobble, and less well when the bulls are rampant. The other is spread betting and trading firm Plus500....
...Auditors have faced heavy criticism in recent years after failing to raise the alarm in a series of corporate failures, such as retailer BHS and outsourcer Carillion....
...Among the winners lies BH-DG Systematic, a joint venture between David Gorton and hedge fund Brevan Howard. It has gained 32 per cent this year....
...The planned revisions follow a government consultation in 2021 on reforming UK audit and corporate governance after a series of scandals at companies including outsourcer Carillion and retailer BHS....
...This regime is unlikely to have included companies such as privately owned BHS and Aim-listed Patisserie Valerie, two of the most prominent corporate scandals in recent years....
...Howard is an influential figure in the hedge fund industry thanks to the success of Brevan Howard Asset Management, the $23bn macro trading firm he co-founded....
...But the standout winner has been listed hedge fund BH Macro, whose share price has shot ahead, helped by an increasing premium....
...owned businesses and would be a much bigger change than the more limited operational separation of the Big Four’s UK audit and advisory functions, which was agreed after corporate scandals at retailer BHS...
...And the biggest winners were computer-driven and global macro names such as the BH-DG Systematic Trading fund, Leda Braga’s Systematica, Aspect Capital and Bridgewater....
...More than half of internal auditors, who are employed by companies to assess their risk management and governance, said they had never been asked by their board or audit committee to report on corporate...
...Among the biggest winners this year have been the BH-DG Systematic Trading fund, run by a joint venture between hedge fund firm Brevan Howard and former Chase Manhattan trader David Gorton....
...The European hedge fund, one of the largest in the world, said on Monday that it had set up a new unit dubbed BH Digital, which will manage cryptocurrencies and digital assets....
...Listed hedge fund BH Macro (now incorporating its old sister fund BH Global) invests in various diversified long, short and macro strategies, all run by Brevan Howard, an established player in this space...
...Auditors have come under fire after they failed to raise the alarm before corporate collapses at companies such as retailer BHS, outsourcer Carillion and café chain Patisserie Valerie....
...The UK government wants to bolster their share of the audit market to increase competition to the Big Four after a string of corporate scandals, including at outsourcer Carillion and retailer BHS....
...Such a step would add more legal teeth to its attempts to improve internal controls and risk management....
...The jury was told that over a 12-month period starting in March 2015, Mr Chappell and his company Swiss Rock received £2.2m in income and consultancy fees from the acquisition and management of BHS paid...
...lorries and fire engines also attracted investment from the Reuben and Barclay families, as well as from Alexander Delal, whose property company helped bankroll Dominic Chappell’s takeover of Philip Green’s BHS...
...Yet it is hard to make a case for what would be perceived as a loosening of valuation rules when pension fund scandals at British retailer BHS and elsewhere are fresh in the memory....
...Previously the asset management division had sat within the international wealth management unit....
...Small-cap broker WH Ireland said it has agreed to buy Harpsden Wealth Management, an independent financial advisory and wealth management company with around £250m of assets under management, for £7.8m....
...Francis Maude, a former cabinet minister, is also conducting a short review looking at government functions including human resources, property management and project management....
...Mr Skeoch, who is 63, was one of the architects of the £11bn combination of Standard Life and Aberdeen Asset Management in 2017....
...Dominic Chappell, the former owner of BHS, has been ordered to pay £9.5m into the pension schemes of the department store retailer, which collapsed under his management in 2016....
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