Hints and tips:
...Natixis has promoted Franck Leroy, currently global head of market risks, to chief risk officer and a member of its senior management committee, effective January 24....
...Since the start of 2018, investors have pulled a net $106.7bn from Invesco and $65.9bn from Janus Henderson....
...“But M&A in the asset management industry is challenging....
...Last year, there were 106 activist campaigns in Asia, compared to just 10 in 2011, according to JPMorgan, with Japan accounting for 32 per cent of that activity....
...The success or otherwise of this year’s early tech flotations will be watched closely by other unicorn management teams....
...What was critical was to convince the Maersk management to drop their plans for an IPO of the exploration and production unit: “So I went to see them myself.”...
...He alleged “chronic underperformance” and blasted the pay of senior managers at the company, saying the P&G board “not only accepts underperformance but rewards management for it”....
...Confusing matters further, prices for another Argentine bond due 2033 have remained largely unchanged at 106 cents on the dollar. Anyway, keep your eyes peeled....
...unchanged 0.00 (0.00%) at 4,328 Dax unchanged 0.00 (0.00%) at 9,296 Currencies €/$ 1.38 (1.38) $/¥ 102.32 (102.38) £/$ 1.65 (1.65) €/£ 0.8348 (0.8346) Commodities ($) Brent Crude (ICE) down -0.35 at 106.10...
...Like its predecessor, Petershill II will buy minority stakes in established hedge fund management companies, in order to take a slice of the profits they make from charging fees to their clients....
...2.34 (-0.06%) at 4,067 Dax up +18.16 (+0.22%) at 8,435 Currencies €/$ 1.34 (1.34) $/¥ 98.35 (98.50) £/$ 1.56 (1.56) Commodities ($) Brent Crude (ICE) up +0.43 at 111.16 Light Crude (Nymex) up +0.35 at 106.27...
...(Bloomberg) Microsoft to appoint activist to board: “[J]ust ahead of the Labor Day weekend, Microsoft said it would appoint a director from ValueAct Capital Management LP early next year....
...Credit Suisse management aimed to reduce the rates business’s capital base by a further 10 to 20%, people close to the situation said....
...The document said Corzine and his management team engaged in “negligent conduct”....
...Southeastern Asset Management said Dell’s board had failed to make the case for going private at $13.65 per share....
...plots alliance with Facebook in new search deal - The life insurance arm of American financial powerhouse Guggenheim Partners is in exclusive talks to buy the US arm of British insurer Aviva - The CEO of Caffe...
...+1.02% at 13,246 S&P 500 up +0.79% at 1,428 Bovespa up +2.15% at 59,459 Asia Nikkei 225 down -0.03% at 8,973 Topix up +0.11% at 745.71 Hang Seng up +0.71% at 22,100 Shanghai Composite down -0.01% at 2,106...
...He will be succeeded by Julie Larson-Green, the vice president of program management for Windows....
...The fund management company slashed the number of shares it planned to buy as a result (WSJ)....
...Two Russian billionaires have clashed publicly over corporate governance at the world’s largest aluminium company, after Viktor Vekselberg said United Company Rusal was in “deep crisis” because of bad management...
...Olympus was fined 10m yen ($130,000) and told to submit annual reports on efforts to improve management, the Tokyo Stock Exchange said....
...growth in the region, the FT reports. http://www.ft.com/intl/cms/s/0/de722d26-72b0-11e1-ae73-00144feab49a.html#axzz1pj3ktTFO Li Ka-Shing’s ARA said to plan yuan IPO as currency demand wanes ARA Asset Management...
...http://www.ft.com/cms/s/0/de722d26-72b0-11e1-ae73-00144feab49a.html Li Ka-Shing’s ARA said to plan yuan IPO as currency demand wanes ARA Asset Management, the manager of property trusts backed by Li Ka-shing...
...Reliance Group firms in stake sale talks Indian billionaire Anil Ambani’s Reliance Group is looking to sell stakes in its telecommunications, asset management and general insurance businesses, as it seeks...
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