Carlyle Real Estate cède un immeuble parisien de prestige à CNP et Predica
Le fonds américain a trouvé un accord en début de semaine pour la vente au consortium du 23, rue de l'Université pour 250 millions d'euros
Le point mort des sociétés de gestion s'élève
Si les plus jeunes sociétés sont les plus touchées, les plus établies ne sont pas épargnées
Le point mort des sociétés de gestion s'élève
Si les plus jeunes sociétés sont les plus touchées, les plus établies ne sont pas épargnées
Le FMI pourrait relâcher ses exigences vis-à-vis de la dette grecque
L'Eurogroupe se réunit encore aujourd'hui pour tenter de rendre la dette du pays plus soutenable et l'aider à combler ses besoins d'ici à 2016
Knight Capital envisage de céder ses activités de tenue de marché
Getco et Virtu Financial se préparent à déposer des offres pour cette filiale qui contrôle environ 10% du marché américain
L'Europe est à nouveau au chevet de la Grèce
Après l'échec de leurs négociations la semaine dernière, les ministres des Finances de la zone euro se retrouvent aujourd’hui pour trouver un accord sur le programme de redressement budgétaire et la soutenabilité de la dette grecque. Le FMI pourrait faire des concessions sur ce point.
CAC 40 : le rebond sur les 3.340 points est fragile
La large zone de résistance située à 3.550-3.600 points devrait forcer l’indice à se réorienter à la baisse
Les indépendantistes catalans perdent des points
Si les quatre formations réclamant un référendum sur l’indépendance obtiennent deux tiers des 135 sièges du parlement de Catalogne lors des élections régionales qui se sont déroulées hier, leurs divergences risquent d’entraver l’organisation d’un éventuel scrutin.
Nyse Euronext à la recherche de synergies
L’opérateur boursier serait à la recherche de moyens de doper la performance de son centre de données au Royaume-Uni en ouvrant la porte à un partenariat de partage de réseau avec ses rivaux, dont l’américain Equinix, ainsi qu’avec des groupes d’investissements, selon le journal qui cite des sources proches du groupe. «Nous examinons les moyens de monétiser l’espace» explique une source.
Michel Barnier souhaite une volonté politique pour l’union bancaire
Le Commissaire Européen au Marché intérieur estime dans un entretien accordé au quotidien que les ministres européens des Finances doivent de manière urgente lever les doutes et ambiguités concernant leur «volonté politique» de créer un organe unique de régulation du système bancaire. «L’heure est venue de se décider» ajoute ainsi Michel Barnier.
L’interrogation demeure sur une éventuelle indépendance de la Catalogne
Si les quatre partis indépendantistes emportent la majorité absolue des sièges lors des élections régionales hier, le premier parti recule
Leeds United racheté par un fonds bahreïni
Le fonds d’investissement bahreïni Gulf Finance House (GFH) a confirmé dimanche avoir finalisé l’acquisition du club anglais de football Leeds United. GFH a précisé dans un communiqué que l’acquisition par sa filial GFH Capital Ltd avait été menée suivant les préceptes de la «charia», le droit musulman.
Pictet sous l’œil des autorités américaines
La banque privée suisse a indiqué dans un communiqué que le département américain de la Justice avait lancé une «enquête générale» sur ses activités de gestion de fortune avec des clients américains. La banque privée suisse a indiqué qu’elle coopérerait pleinement.
CVC planche sur un nouveau fonds
La société de private equity a débuté la phase dite de «soft marketing» pour un nouveau fonds LBO, a indiqué le journal britannique The Independent. CVC discute avec des investisseurs de la forme, de la taille et de la rentabilité de ce nouveau fonds avant de demander formellement de l’argent. Le processus débutera concrètement en 2013.
Le texte sur les plus-values rétabli à l'Assemblée
Les dispositions sur les plus-values de cessions mobilières du projet de budget, rejetées au Sénat la semaine dernière, seront rétablies à l’Assemblée nationale, selon le ministre de l’Economie Pierre Moscovici. Une coalition de circonstance de sénateurs UMP, centristes et communistes a mis le gouvernement en minorité vendredi sur ce dispositif approuvé en octobre par l’Assemblée.
BlackRock s’intéresse aux infrastructures
Le plus important gestionnaire d’actif au monde devrait lancer sa première initiative dans le marché de la dette sur le secteur des infrastructures, cherchant ainsi à profiter du vide laissé par les banques, moins enclines à financer des projets d’une taille aussi importante, indique le Financial Times. Le fonds souverain du Koweït avait également indiqué sa volonté d’investir ce marché, mais dans la foulée seulement de gros fonds.
Hong Kong entend séduire les émetteurs étrangers
La Bourse de Hong Kong et les régulateurs locaux réagissent. Face à la raréfaction des candidats internationaux pour une cotation, ils envisagent selon le Financial Times de simplifier les procédures d’introduction en Bourse et de les rendre «plus faciles à comprendre pour les investisseurs». Des efforts visant tant les émissions primaires que secondaires.
JPMorgan s'intéresse aux actifs brésiliens
La filiale de gestion d’action d’actifs de la banque américaine, qui a déjà plus que doublé le montant de ses actifs sur le marché brésilien, de 1,7 à 4 milliards de dollars sur les 18 derniers mois, offre un nouveau fonds qui devrait permettre aux Brésiliens d’investir à l’étranger, selon le Financial Times qui cite le président de JPMorgan Asset Management dans le pays. «Pour les investisseurs brésiliens, la diversification n’a jusqu’à présent pas été une priorité» indique ainsi Cassio Calil.
26/11/2012
“We are facing regulatory pressure on profit margins in Europe”
The UK asset management firm Schroders, which has GBP202.8bn in assets under management, has had a good start to the year, with net inflows of GBP5.3bn in the first nine months of 2012. In the next 5 to 10 years, Massimo Tossato, executive vice chairman, predicts a slowdown in revenue growth in Europe. But Latin America and Asia, where Schroders already has a large presence, and in the United States, where the firm is planning to invest, are expected to be areas for growth.
26/11/2012
Pictet under investigation by US prosecutors
Pictet & Cie has been requested to provide information to the US authorities. The Geneva-based private bank has been informed by a decision by the US Department of Justice to issue such a Wells notice.The “general” request for information covers wealth management activities related to US clients, Pictet & Cie announced in a statement on 25 November, referring to an article which had appeared in the German weekly news magazine “Der Sonntag.” The firm did not have any further comment.Pictet says, however, that it attaches “primordial importance to respect for legal and regulatory requirements in effect in its business relationships with US clients.” The private bank also says it has been faithful to its code of conduct, which is monitored in countries where it is active.The Geneva-based bank says that it would like to co-operate “as far as possible” with the United States authorities. The reasons for the request by the US authorities remain unknown.
26/11/2012
Adoboli trial: UBS fined GBP29.7m
After a consultation with the Federal financial market surveillance authority (Finma), the British financial services authority (FSA) ordered the Swiss bank UBS to pay a fine of GBP29.7m (CHF44.2m) as part of the Adoboli case, Finma announced in a statement on 26 november. Finma says in its report that trading losses at UBS in London revealed significant shortfalls in risk management and control mechanisms at the UBS investment bank. According to Finma, if it were not for those shortfalls, fraudulent transactions by the trader in question would have been discovered sooner. As soon as it became aware of unauthorised operations, Finma ordered preventive measures in order to limit operating risks for UBS. At the end of the procedure, Finma appointed an independent third party to control the implementation of corrective measures.
26/11/2012
BlackRock interested in infrastructure market
BlackRock has recruited a team to create a unit to invest in the infrastructure market, the Financial Times reports. The unit will be based in London. The asset management firm is seeking to take advantage of the vacuum left behind by banks, which are less inclined to finance larger projects.
26/11/2012
CQS appoints a chairman
The alternative management firm CQS, led by Michael Hintze, has appointed Marc Hotimsky as its chairman, a newly-created position, according to a statement from the firm. As a senior member of the management team, Hotimsky will assist in the development of CQS’ activities in the institutional sphere. Hotimsky assisted Michael Hintze at Credit Suisse First Boston (CSFB, 1992-2000) in fixed income. He then became head of activities at New Finance Capital, a firm specialised in hedge fund firms, which was acquired by Schroders in 2006. Assets under management at CQS, which launched its first hedge fund in 2000, now total nearly USD12bn. The product range from CQS includes multi-strategy products, convertibles, ABS, mortgage credit, and equities. In the first ten months of the year, the CQS Directional Opportunity Fund has gained 29%, the CQS ABS Fund has gained 14%, and the CQS Diversifeid Fund has gained 9.1%.
26/11/2012
Ignis loses a manager
Grant Peterkin, co-manager of the Ignis Absolute Return Government Bond fund from Ignis Asset Management, has decided to leave the firm, to pursue other opportunities outside the asset management sector, according to reports in Investment Week. The manager is expected to cease working at Ignis by the end of the year. Peterkin joined Ignis last year, and was co-manager of an absolute return fund launched in March 2011, whose assets under management totalled GBP513.1m. Ignis has announced that there are no plans to replace Peterkin, and the fixed income team will continue with a staff of eight people.
26/11/2012
JPMorgan AM launches an offshore fund in Brazil
JPMorgan Asset Management, which has more than doubled its assets under management in Brazil, from USD1.7bn to USD4bn in the past 18 months, is launching an offshore fund in the country, which will allow Brazilians to invest abroad, the Financial Times reports.
26/11/2012
German asset management firms tidy up fund ranges
According to the latest Lipper report on the German market, German providers last year liquidated 112 funds, compared with 59 in 2008, while 45 funds were launched, compared with 333, Das Investment reports.At the end of 2011, Lipper counted 44% equity funds, 22% diversified funds, and 21% bond funds, out of a total of 8,729 funds with a sales license in Germany. The ten largest firms had 2,359 funds, or 27% of the total, while the top two actors were Deutsche Bank (316 funds) and its affiliate DWS (312 funds).
26/11/2012
AMF issues warning over activities of Capital Alliances Ltd
The French financial market regulator, the Autorité des marchés financiers (AMF), on 23 November issued a warning over the activities of the Capital Alliance Ltd company, whose website is the following: www.capitalalliancesltd.com The Capital Alliances Ltd company, which claims to have headquarters at 46 Great Marlborough Street, W1 F7JW, London, United Kingdom, offers French savings investors securities listed on the Frankfurt market and financial investment avising services, largely by telephone. The AMF says that the Capital Alliances Lts company is not licensed to provide investment services or financial investment advising in France. The firm is also not licensed to provide banking or financial transactions, or to receive funds in France. Capital Alliances Ltd is also unrelated to the firm CAPITAL ALLIANCE PARTNER Limited, which is licensed by the FSA.
26/11/2012
S&P confirms negative outlook for France
The ratings agency Standard and Poor’s on 23 November confirmed its rating of AA+ for France, and a negative outlook for the French economy, four days after Moody’s downgraded France.“After a stagnant year in 2012, we predict growth of 0.4% for the French economy in real terms in 2013,” the S&P agency adds. The agency welcomes the determination of the French government to undertake significant budgetary and structural reforms.The socialist government of president François Hollande currently predicts growth of 0.8% in 2013, to reduce the deficit to 3% of gross domestic product (GDP).S&P estimates that the deficit will total 3.5% of GDP in 2013: the difference is due to the fact that the GDP growth outlooks from S&P are lower than the public ones.
26/11/2012
European banks request a postponement of Basel III
At a time when the US authorities have postponed Basel III standards, without providing a new time frame, European banks are worried. Their representative federation in Europe, the FBE, on 21 November sent a letter to the European Commission, requesting a one-year delay until 2014 in the introduction of the regulation, which is considered stricter in terms of owners’ equity, the news agency Reuters reports. In the letter, which has been obtained by Reuters, and which was sent to the commissioner of the internal market, Michel Barnier, the FBE claims that European banking establishments would be at a competitive disadvantage if they were required to obey the new owners’ equity requirements before US banks.
26/11/2012
Fidelity launches an Asia fund
Fidelity Worldwide Investment is planning to launch an Asia fund, which will come as an addition to the range of Fidelity active strategies (FAST), Money Marketing reports. The new fund is expected to outperform the MSCI Asia-Pacific fund, and use short-selling and leverage to reduce volatility. The FAST range from Fidelity currently includes six strategies, one emerging market fund, one Europe fund, one European Opportunities fund, one Japan fund, one Optimised European market neutral fund and one UK fund.