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Financial Times - Financial Services
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Private equity and the legacy of its botched flotations
It is the industry's record at bringing companies to market that is as much to blame as stock market volatility for the number of abandoned flotations in 2010, says Mark Kleinman
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Fate of two Gartmore trusts uncertain
Two funds managed by Gervais Williams could close following his departure, as their boards contact shareholders to find out whether they would support a change of manager
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Silverfleet looks to auction US asset
The private equity owner of Sterigenics, a US medical device sterilisation group, has hired JPMorgan to run an auction of the company that it hopes will raise about $800m
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Couttie resigns as RAB Capital chief
The sudden departure of the UK hedge fund's chief executive is the latest setback for the FTSE-listed group, which has been struggling to recover from a near-disastrous collapse in assets
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Flash crash probe plays down quote-stuffing
Regulators probing the causes of the May 6 flash crash have concluded that quote-stuffing was not a 'major factor' in the turmoil, a person familiar with the inquiry said
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Geldof seeks $1bn for African investment
The singer and campaigner for aid to the continent is seeking to raise money from institutional investors for a private equity venture on the continent
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Hays underlines fragile jobs sector
The recruitment agency underscored the fragility of the economic recovery when it said that employers were failing to create new jobs
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Getco to hire head of NYSE Arca Europe
Virginie Saade is set to head sales for Getco Execution Services, a type of 'dark pool' share trading platform that the US-based market-making and high-frequency trading firm launched in June
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RPS acquires Boyd Exploration Consultants
The Canadian gas and oil consultancy, which recently bought Aquaterra and will pay up to C$13.9m in cash for Boyd, announces plans to move into the potash industry
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Accident Exchange plans to go private
Courtesy-car provider that moved to the official list in 2006 after less than three years on Aim plans to delist after a refinancing that will dilute shareholders
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SEC charges fund manager with insider trading
A former hedge fund manager was charged by the Securities and Exchange Commission with making a $14m profit based on inside information allegedly passed to him by a pharmaceutical executive ahead of a takeover in 2007
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Veteran fund chief quits at Gartmore
The intrigue surrounding fund manager Gartmore has escalated after one of its longest serving fund managers quit the company
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GLG chief to become Man Group COO
Emmanuel Roman, the co-chief executive of hedge fund GLG Partners, will become the new chief operating officer of Man Group under a plan to acquire the fund manager
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G.H. Financials gets remote access to Japan
London-based group offering traders access to derivatives exchanges becomes the first such company to secure entry to the Tokyo Financial Exchange with no office in Japan
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Write-offs see Prestbury report £20m loss
Group managed by property entrepreneur Nick Leslau hit by several non-performing investments made outside real estate in pubs, garden centres and in a seafood importer
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