Story by: Saji Bac-Mitra, Investment Adviser
Convertible bonds could prove to be an attractive alternative for investors
There are major lessons to be learned twelve months on from the start of the credit crunch
We are in a bear market in equities. The FTSE100 index has fallen by around 20 per cent from its peak and some sectors in the market have fallen even more (banks down approximately 40 per cent).
“It’s a foxy little minx of a wine, with a bouquet that recalls moist Madeira cake squeezed into the nozzle of a 1950s Bakelite bicycle pump, and a heady flavour not unlike wilted fuchsia petals tossed with bletted medlars and the smell of disappointment”.
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Americans, ever the resourceful ones, have come up with yet another clever way to beat high petrol prices.
Why isn’t greed good any more? This wasn’t quite the question posed by Mervyn Davies, chairman of Standard Chartered, but it might as well have been. His point was that perhaps certain City figures are simply paid too much given the current economic climate. Yet isn’t this the wrong way round? No one is suggesting that greed is indeed good – well, not until the punchline anyway – but surely great success deserves great wealth?
Dubbed the Posh and Becks of the fund management industry, it now seems as if Nichola Pease, chief executive of JO Hambro, and husband Crispin Odey of fund manager Odey Asset Management, are almost matching the UK’s premier pair in earning power.
It may only be Wednesday morning at Diary Towers, but as we survey our computer screens with bleary eyes we can only marvel at the wonder that is Ian Chimes.
Anyone who never fell asleep in a school history class will know Thomas à Becket was a medieval priest.
Diary has heard wicked whispers of someone in the industry getting a little too sozzled at a lunch at Coq d'Argent, a terrace restaurant with views over the City.
Threadneedle is looking to launch two absolute return funds later this year, including a US offering.
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Trying to summon a tangible picture of the income landscape can feel like grappling with a magic eye picture, with individual elements coming to the fore before receding into a haze and being replaced by a contradictory element.
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There’s something rotten in asset management. Maybe that turn of phrase doesn’t have the same ...