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US gross domestic product (GDP) figures will have a major affect on the investment industry, an expert has predicted.
The release of the US GDP figures has resulted in the rebounding of the European markets, an expert has claimed.
The news that the UK has exited the recession has led to a large number of retail investors trading stocks, an expert has suggested.
Fortis Bank Nederland and BGL BNP Paribas have finalised the sale of Intertrust to Dutch private equity group Waterland, having received all regulatory and other necessary approvals.
The parties signed the sale and purchase agreement on 7 September 2009.
The sale will enable the management of Intertrust and Waterland, as its new owner, to capture opportunities in the trust and corporate service sector.
It will also allow Fortis Bank Nederland and BGL BNP Paribas to re-focus on their core banking activities.
Intertrust is a provider of trust and corporate services.
John W. Henry, a Florida-based alternative asset manager specialising in managed futures, has named Larry Simms managing director – business development.
Simms is responsible for the strategic planning and implementation of all sales and marketing efforts for JWH and its affiliated entities.
Simms will be working closely with senior management and the firm’s board of directors chaired by John Henry.
Simms has over 25 years of sales experience. He has spent the last 20 years focused on investment management sales mainly covering institutional clients for firms including Citigroup, Bankers Trust, UBS and Wells Fargo.
For the past three years he
Index provider FTSE Group and Borsa Italiana, part of the London Stock Exchange Group, have launched two indices for use in the Italian domestic market, following the introduction of the FTSE Italia Index Series last year.
The indices – the FTSE MIB Dividend Index and the FTSE Italia All-Share Capped Index -form part of the growing range of index solutions available to institutional and retail investors in Italy and worldwide.
The launch of the FTSE MIB Dividend Index comes closely after the transition to FTSE of Borsa Italiana’s blue chip index. The new index represents the cumulative value of
The hedge fund industry is showing signs of a recovery from the crisis and this is likely to continue in the near term, Moody’s Investors Service says in a new Industry Outlook on this sector.
However, the rating agency says the positive trends merit a degree of caution, especially as a number of individual failures occurred during the crisis and some funds are still dealing with the aftermath.
Nevertheless, Moody’s says that hedge funds on the whole showed resilience and flexibility in 2009 and many are now well positioned for growth.
In its review of 2009, Moody’s highlights that the
Mutual funds, exchange-traded funds and even hedge funds have reduced the fees they charge clients in light of the weakened economy, according to Fund.com.
Some of the fee cuts are temporary measure aimed at attracting recession sales, but Fund.com believes the trend is likely to continue.
Now more than ever, the internet is making price comparison easy allowing investors to search for bargains whenever they shop.
Charles Schwab is leading the pack with aggressive price cuts, recently introducing a group of low-cost ETFs. In addition, Schwab is allowing investors to trade new ETFs for free, which Fund.com says is
The US Commodity Futures Trading Commission has filed and settled charges against Pinemore and Birchmore, two Canadian limited partnerships based in Alberta, Canada, for engaging in unlawful wash sales in the natural gas futures contract on the New York Mercantile Exchange during November and December 2006.
The order imposes a USD250,000 civil monetary penalty each on Pinemore and Birchmore, two limited partnerships controlled by the same general partner and with substantially identical ownership.
Additionally, the firms were ordered to cease and desist from future violations of the Commodity Exchange Act.
According to the order, on one or more occasions in
UBS Investment Bank has expanded its UBS E-Tracs exchange-traded notes platform by adding an ETN linked to the S&P 500 Gold Hedged Index.
The UBS E-Tracs S&P 500 Gold Hedged ETN has begun trading on NYSE Arca under the ticker symbol, SPGH, and provides an accessible way to gain exposure to the S&P 500 while using gold as a hedge against declines in the value of the US dollar.
UBS is the first firm to launch investment products based on the S&P 500 Gold Hedged Index.
The fund provides protection if the US dollar continues to decline in value as
