U.K. hedge fund loses its early magical powers: did managers rely on feng shui, stars to make decisions?

Article Abstract:

Complaints filed in Britain's High Court by dissatisfied investors allege that NyLon Capital LLP business decisions were influenced by non-conventional practices such as feng shui and astrology. NyLon's performance has been less than stellar since its $1.2 bil launch in January 2005; its biggest backer is Barclays PLC, which has a 12.5% stake.

Financial management, Management investment, open-end, Evaluation, Company investment, Investments, Barclays PLC, Investor relations, Mutual fund industry, Hedge funds

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Wachovia will buy stake in London Fund Manager

Article Abstract:

Wachovia Corp. of the United States is to purchase a 70 percent stake in European Credit Management Ltd. of the United Kingdom. The funds manager is one of the largest in Europe and manages 20 billion Euros ($26.04 billion) in assets. Wachovia Corp., the American banking giant manages $280 billion is assets.

Acquisitions & mergers, United States, Mergers, acquisitions and divestments, Company acquisition/merger, Wachovia Corp., WB, Company overview, Financial report

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Better bond rules are sought

Article Abstract:

Investment management firms are calilng for stronger bond protection in the United Kingdom and European corporate bond markets. Companies are calling for a standard set of covenants in the corporate debt marketplace.

Europe, Management dynamics, Corporate Bonds, Management, Beliefs, opinions and attitudes, Company business management, Investment management

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