By Andrei Skvarsky. Mihir Kapadia, chief executive of London-based Sun Global Investments, argues that OPEC’s November 30 deal to cut oil production will serve to push up oil prices to levels that could make 2017 “one of the best years to invest in oil stocks in quite some time”. Continue Reading
Tag Archives: UK
Moorgate Capital reports second ‘milestone’ deal for 2016
By Andrei Skvarsky. Moorgate Capital, a London-based financial advisory firm, has announced the completion of this year’s second “milestone” transaction it has been involved in, a deal in which one of its serial clients, a leading European producer of packaging, was sold to an investment company. Continue Reading
Barclays, Standard Chartered under fire from African environmentalists
By Andrei Skvarsky. Barclays and Standard Chartered last week had their London headquarters picketed by demonstrators protesting against the two British banks’ alleged funding of a Kenyan company accused of environmental and other crimes. Continue Reading
Brexit bad for Poland but may have upsides to it too – Polish minister
By Andrei Skvarsky. Britain’s exit from the European Union means that in Poland GDP growth could slow by as much as one per cent in 2017 and 2018, a Bloomberg analyst has said, citing the Polish economic development minister. Continue Reading
Lombard Odier: Brexit may shake London’s status as global financial hub
By Andrei Skvarsky. Swiss private bank Lombard Odier has warned that a Brexit – Britain’s potential exit from the European Union through the June 23 referendum – may threaten London’s status as a global financial centre, thereby depriving Britain of one of its key assets. Continue Reading
Lawyer suggests EU govts help dispel banks’ fears of returning to Iran
By Andrei Skvarsky. A London lawyer has suggested that European Union governments pilot European banks through a grey area that makes them afraid of moving into the Iranian market despite the United States’ lifting of nuclear programme-related sanctions against Iran in January. Continue Reading
RenCap appoints new global head of equities
By Andrei Skvarsky. Renaissance Capital has appointed Ruslan Babaev, its chief business officer, as global head of equities to replace Ben Samuels, who is parting company with the Russian investment bank. Continue Reading
Standard Chartered’s Pakistan subsidiary gets over first hurdle in Islamic banks contest
By Andrei Skvarsky. The Pakistani subsidiary of Britain’s Standard Chartered was among the winners of the first round of Global Finance’s debut contest for Islamic banks as part of the famous financial periodical’s annual competition for the title of the world’s best digital bank. Continue Reading
Mark Mobius quitting as head of Templeton EM Investment Trust
Famous investor Mark Mobius is stepping down as head manager of the Templeton Emerging Markets Investment Trust but will remain at the helm of the Templeton Emerging Markets Investment Group, which manages the trust, according to media reports. Continue Reading
Pelham Capital's Martin Starting New Long/Short Fund
Daniel Martin is planning to launch a new long/short hedge fund based in London. The new effort, named Rye Bay Capital, will take long and short positions in a number of instruments across a variety of industries, according to a Bloomberg report. The new fund will reportedly launch in the fourth quarter of this year.… Continue Reading
Duet appoints Fugmann and Lees as co-CIOs of natural resources long/short equity fund
Duet Group, a USD5.5 billion global alternative asset manager, has appointed Ulrik Fugmann and Edward Lees has senior managing directors and Co-Chief Investment Officers of Duet Natural Resources. Fugmann and Lees, the founders of North Shore Partners, are integrating their strategy and business into Duet, adding to the group’s strong commodities and emerging market franchise.… Continue Reading
Emerging Markets Equity Portfolio Manager – London
Our client is a well-established Alternative Investment Management firm which invests across different asset classes and markets. Currently they are looking for an experienced Emerging Markets Equities Portfolio Manager to join their London office and spearhead a new fund launch. The current AUM across the firm is in excess of $5bn. The successful candidate will… Continue Reading
Equity Research Analyst – Buyside
Looking to source a bright and analytical equity research analyst for our tier 1 hedge fund client. The ideal candidate will have an excellent academic background and strong modelling experience, preferably with up to 3 years’ experience. There is a leaning towards those that have exposure to any of the following sectors: Industrials Automobiles Chemicals… Continue Reading
Real Estate Investment Analyst – Investment Management firm – London
Our client is a leading global investment fund with an established real estate business. They are looking to hire an Analyst for their Special Situations Real Estate team in London. The fund has a flexible investment mandate to invest across the capital structure, both within UK & Europe, and has significant capital ready to deploy.… Continue Reading
Armajaro Commodities PM Tilney Stepping Down
Armajaro Asset Management’s John Tilney is stepping down from the lead manager role of the company’s flagship Armajaro Commodities Fund. Tilney will become an advisor to the fund, according to media reports. His role will be assumed by Armajaro partner and fund co-manager Oliver Denny. Armajaro’s Commodity Fund is down 5.49% year to date, according… Continue Reading
Rothschild Asset Management Names Michael Woods as CEO
Rothschild Asset Management, the US asset management business of the Rothschild Group, has appointed Michael Woods as its new CEO. Woods joins the firm frrom Deutsche Bank, where he was Head of the Americas, Global Client Group for Deutsche Asset & Wealth Management and CEO of DWS Investments. In these roles, he was responsible for… Continue Reading
Rokos Hires Goldman's Riley For New Hedge Fund
Former Goldman Sachs co-head of Asia Pacific macro trading, Stuart Riley, has joined Brevan Howard ex-trader Chris Rokos in his new venture, according to media reports. Rokos, who reportedly made $4 billion for Brevan Howard between 2004 and 2012, began setting up his own fund after a legal dispute with Brevan came to an end… Continue Reading
Juniper Research: Use of cryptocurrencies plummeting over theft, murky deals
By Andrei Skvarsky. Juniper Research, a UK-based communications research and consultancy company, forecasts that global cryptocurrency transactions will plummet in value this year to just over $30bn from more than $71bn in 2014. Continue Reading
Abraaj chief hypes Mexico’s “unique” investment opportunities
By Andrei Skvarsky. The chief executive of Abraaj, a global private equity firm, argues that “diverse urban economies” in Mexico offer “unique” opportunities to international private equity investors. Continue Reading
Moscow Exchange forum in London draws “record audience”
By Andrei Skvarsky. Moscow Exchange has said its annual forum in London on October 22 brought together a “record audience” of more than 300 market participants and “shed light on opportunities in Russia’s capital markets, upgrades to market infrastructure and product development at the Exchange, and the future of regulatory reform”. Continue Reading
Russian speaking Senior Legal Counsel, UK
A direct vacancy from www.russiansinthecity.eu An opportunity has arisen in our Partnership Head Office for a Russian speaking Senior Legal Counsel to work in-house at our office in St Albans, Hertfordshire in the international, dynamic and rapidly growing team with excellent career prospects. Continue Reading
VTB Capital appoints new interim CEO
Nick Hutt has been appointed interim CEO of VTB Capital plc. He is a key member of the VTB Capital team and has been working in the London office since 2008 as CFO of the company’s international business. Atanas Bostandjiev will be leaving his current position to pursue other business opportunities. Continue Reading
Bank of Moscow ex-chief's prosecutions: the trail continues…
By Andrei Skvarsky. Bank of Moscow’s emigre ex-chief executive Andrei Borodin has been slapped with a new charge in Russia, being accused in absentia of defrauding the lender of 1bn rubles ($29m at today’s exchange rate) through an alleged forex scam, according to Moscow-based daily Kommersant. Continue Reading
Russia’s Renaissance Capital hosts annual investor forum
By Andrei Skvarsky. Renaissance Capital, one of Russia’s leading privately owned investment banks, has hosted an annual investor conference in Moscow, a three-day event that opened on June 23 and was expected to bring together more than 200 attendees with assets under management totalling more than $3trn. Continue Reading
Streaming music startup Bloom.fm shuts down after Russia investor pulls out
As reported by Guardian, streaming music service Bloom.fm, app with more than 1.1m registered users in the UK alone, has shut down after its main investor pulled out suddenly. Continue Reading
Russian speaking lawyer, NQ-3PQE – London based
Top tier law firm is looking for a Russian speaking English qualified junior solicitor for its disputes practice. NQ to 3 PQE. Please sends CVs to presidium@russiansinthecity.eu {{{?}}} Continue Reading
Markit: emerging markets still “downbeat” about future
By Andrei Skvarsky. Global financial information provider Markit says a survey it made last month suggests emerging markets remain “downbeat” about the future. {{{?}}} “Improving confidence and post-crisis high capex and hiring intentions in the developed world contrast markedly with ongoing downbeat expectations for the year ahead across the emerging markets,” the London-headquartered company said… Continue Reading
RenCap hires banker from Goldman Sachs to run London trading
By Andrei Skvarsky. Renaissance Capital, a Russian emerging- and frontier-markets investment bank, has hired David George from Goldman Sachs as head of trading in London. {{{?}}} George will be based in London in his new job, which he takes in March, and report to RenCap’s global head of equities, Ben Samuels. His duties will include… Continue Reading
Coutts: luxuries up 77% in value since 2005, outdoing shares
By Andrei Skvarsky. Royal Bank of Scotland-owned lender Coutts argues that a vintage car, posh apartment or sumptuous watch that you would have bought in 2005 might bring you twice as much as you paid for it, or even more, if you sold it today. {{{?}}} Classic cars have rocketed 257%, classic watches 176% and… Continue Reading