Funds

Stock markets may trade sideways for 15 years-Hendry 12:04pm GMT

LONDON (Reuters) - Stock markets may remain stagnant and trade sideways for over 15 years, according to hedge fund manager Hugh Hendry, who believes many large mutual fund firms could disappear as a result. Full Article

Bank of Ireland says has received approaches 1:19pm GMT

DUBLIN (Reuters) - Bank of Ireland has received unsolicited bid approaches from unnamed groups, it said on Friday, lifting its shares over 30 percent as speculation grew over government plans for consolidation in the sector. Full Article

New Star co-chief investment officer leaves 1:09pm GMT

LONDON (Reuters) - New Star Asset Management said on Friday joint chief investment officer Stephen Whittaker is leaving the company as part of a reorganisation. Full Article

Reuters Columns

James Saft on
Global Finance

Petrodollar drought a blow to banks

Banks and their unfortunate would-be borrowers, face a blow as plunging oil prices tighten the spigot of petrodollar deposits. Full Article

More Funds News

CVC, other private equity firms taking hits in Asia 10:43am GMT

HONG KONG (Reuters) - It's been a tough stretch for the Asian portfolio of CVC Capital Partners, a large private equity firm that is taking hits from all parts of the region. Full Article

CSAM tips UK infrastructure, education stocks 9:40am GMT

LONDON (Reuters) - Credit Suisse Asset Management is tipping UK infrastructure, education and security stocks to weather the downturn, as beneficiaries of government spending. Full Article

Demise of competitors to buoy insurance firms-JO Hambro 9:42am GMT

LONDON (Reuters) - Some insurance, leisure and financial sector stocks are poised to benefit from the demise of competitors that would pave the way for them to boost market share, JO Hambro Capital Management said on Thursday. Full Article

DBS Asset, Hwang-DBS set up Islamic fund firm 9:26am GMT

KUALA LUMPUR (Reuters) - DBS Asset Management Ltd Singapore and investment bank Hwang-DBS Malaysia have set up an Islamic fund management firm, the new company said. Full Article

Crosby's Apollo launch no fix after Forsyth problem 9:03am GMT

LONDON (Reuters) - Crosby Asset Management's bid to draw in money with fund manager Tom McGrath is unlikely to deflect attention from its crumbling asset base and an ill-timed acquisition last year. Full Article

Cerberus faces unwelcome scrutiny in autos struggle 10:52am GMT

NEW YORK/DETROIT (Reuters) - The woes of the American auto industry have put secretive private equity firm Cerberus Capital Management and co-founder Stephen Feinberg in the one place they don't want to be -- the spotlight. Full Article

VIEW-HSBC favours solar, wind over integrated power Thursday, 20 Nov 2008

HONG KONG (Reuters) - HSBC Global Asset Management has increased its exposure to solar power-related stocks at the expense of integrated power plays, and believes technology companies in the solar and wind sectors offer solid long-term opportunity for investors. Full Article