Citigroup swung to a huge loss in the first quarter, hurt in part by poor performance and write-downs at its alternative investments business.
The losses at Citi Alternative Investments were a relative drop in the $5.1 billion bucket of red ink: the group recorded “negative revenue” of $358 million “on sharply lower proprietary revenues” and $212 [...]
The addition of new real estate investment products and property funds that developers are lining up are expected to exacerbate the talent crunch in real estate.
“The sector is currently hiring for front-office, back-office and operational roles. The levels are comparable to the first wave of aggressive hiring witnessed in the late nineties. We have seen [...]
The Board of Audit and Inspection has asked the government to sell 15 subsidiaries of state-run corporations including Korea Real Estate Investment Trust, Korea Housing Management, Korea Asset Investment Trust, Ansan Urban Development Institute and Korea Enterprise Data to private firms.
It is also calling for the restructure of seven subsidiaries of state-run corporations and the [...]
Mozambique expects foreign direct investment to climb 30 percent in the next four years as the economy expands, Finance Minister Manuel Chang said.
Investment will probably reach $450 million this year and $560 million by 2011, compared with $430 million in 2007, Chang said in an interview in Maputo, Mozambique today. Agriculture and tourism are likely [...]
Active extension strategies, which are relatively new to institutional investors, are already in use or are under consideration by more than half of public defined contribution plans and one-third of corporate plans, based on responses to a new research study. The research was sponsored by RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc., (NYSE: [...]
The panel’s recommendations were accepted by the government and formed the basis of the enactment of the Investments and Securities Decree No. 45 1999 by the regime of General Abdulsalam Abubakar. To address the criticism of the lack of statutory basis for the AHC under the new ISA 99, SEC was given the power to [...]
Brewin Dolphin is the only UK investment management firm to have its investment banking division headquarters outside London. Francesca Craggs speaks to Graeme Summers, who heads the Newcastle-based operation.
THINK investment banking and the City of London or Wall Street probably springs to mind. Not many people may know the North East can boast its very [...]
Leading independently owned investment advice and financial planning company Goldridge Wealth Management (Goldridge) has appointed Joe Byrne to its board of directors. Byrne, who was Goldridge’s Investment Manager, now has responsibility for the leadership of the company’s investment analysis and research team and becomes its Investment Director.
Goldridge’s Chairman Daniel Mintz said, “Joe’s appointment is consistent [...]
Under the new agreement BDO Stoy Hayward Investment Management, which has recently been awarded Chartered Firm status, will offer a range of services to employees of Thomsons Online Benefits clients.
The services, to be offered on a fully transparent fee basis, include a range of options on investment advice from pension through to all aspects of [...]
A No vote in the forthcoming Lisbon Treaty referendum would leave Ireland sidelined and with diminished capacity to attract foreign investment, the Progressive Democrats warned today.
Launching his party’s campaign for a Yes vote on June 12th, PD leader Ciarán Cannon, said that it was “clearly in Ireland’s best interests” to vote in favour of the [...]
