Your all in one US Forex Station
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Adrian Brass’s performance record over the past two years seems to support the old assumption that stubbornness, or conviction, as it is often called, is an essential quality in fund management.
In 2008, the Fidelity manager underperformed the S&P 500 by 5% in the Luxembourg-based America fund he runs. He attributes this failure to his stockpicker [...]
Neptune’s US Opportunities fund has been top of the IMA North America sector in the three and five-year cumulative league tables since Felix Wintle took over in early 2005, with cumulative returns of 51.9% and 77.5% respectively. More unusually, it has also outperformed the peer group average in each discrete year.
Few fund groups can boast [...]
17Jan
Posted by admin as Business
A billion-dollar battle between American and Delta to secure a capital alliance with Japan Airlines has fizzled out as Asia’s biggest carrier is on a “countdown to bankruptcy”.
Government insiders in Tokyo said that it had become clear within the past few days that restructuring JAL for survival would probably happen with the airline under administration. [...]
There used to be little to argue about in the prime brokerage market. So much so that hedge fund managers tended to grade their brokers based on the quality of biscuit they served in their meeting rooms.
The point was that it did not really matter who had the best biscuit: Goldman Sachs and Morgan Stanley [...]