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...While at Macquarie O’Kane turned the Australian bank into an energy trading power house....
...The meetings have been held over the past six months with US and European financial institutions including Citigroup and Standard Chartered as well as some local banks, they said....
...UK asset manager Jupiter is considering dumping £1bn of holdings in its own funds as one of its star managers prepares to leave the company....
...Access to the skill of the firm’s “star fund managers” was “like having Lionel Messi or something on your football team”, Mather said....
...Jupiter will retain a near £500mn in funds run by its star stockpicker Ben Whitmore who is leaving later this year, in a boost to the FTSE 250 asset manager which is facing a wave of customer withdrawals...
...Shohei Ohtani’s former interpreter was charged with fraud by the US justice department and accused of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account to pay off gambling...
...Shohei Ohtani’s former interpreter was charged with bank fraud by the US Department of Justice, which accused him of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account to pay...
...“We do trade LNG, but more from a financial perspective, and we wanted to grow on the physical side of things,” Dunand said....
...ECB executive board member Isabel Schnabel said that although the results were “puzzling”, the results would not be difficult to explain if “financial markets . . . ultimately look to the central bank for...
...Jon Mott, an analyst with investment bank Barrenjoey, said the departure of the “highly regarded” O’Kane was a surprise....
...In light of the Bernanke review of the economic forecasting methods that support monetary policy at the Bank of England, there would appear to be a strong case for a parallel independent review of the analytical...
...A reversal of that status quo risked upsetting financial stability. But on Tuesday, after eight years in the negative, the Bank of Japan governor Kazuo Ueda pulled it off in smooth style....
...Deutsche Bank has named Samuel Kim as chief country officer for South Korea. Kim replaces Sungeun Ahn, who is leaving the bank....
...What is Banga’s World Bank doing for us?...
...(Chris Giles on Central Banks, FT.com, April 23) Chris Giles rightly throws fundamental doubt on both the concept and usefulness of estimates of R-star, or the neutral rate of interest....
...But since then many funds have struggled, coming unstuck in markets dominated by central bank bond-buying and low interest rates....
...What regulator could be against safer banks at the heart of our financial system?...
...O’Kane was paid almost A$100mn (US$65mn) in the past two financial years due to the strong performance of the commodities unit. He will pursue opportunities outside Macquarie after opting to leave....
...Further reading: – The fault in R-stars (FTAV)...
...Chart of the week Star stockpickers used to rule the roost in the world of hedge funds, but their influence is waning....
...The contracts are set to increase to more than $1bn annually beginning in 2026, according to NCAA financial statements....
...Back then, it needed a bailout but the IMF, World Bank and Inter-American Development Bank were fed up of spending time and resources on a perennial hot mess....
...Former star fund manager Neil Woodford had a “defective” understanding of his responsibilities in the run-up to the collapse of his £3.7bn Equity Income Fund, the UK financial regulator said in its first...
...Dido has the most quotably eloquent libretto of any English opera (“Thus on the fatal bank of Nile/Weeps the deceitful crocodile”; “Death is now a welcome guest”)....
...The UK’s Financial Conduct Authority is under pressure to pause plans to name companies when it opens investigations. At present, it only does this in exceptional cases....
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