U.K. regulator may require investors to disclose holdings

Article Abstract:

The UK Financial Services Authority is planning to require investors using a certain stock derivative for building up stakes in companies to disclose their holdings to improve transparency. The proposal targets "contracts for differences," in which buyers pay to or receive from sellers the difference in a firm's share price, providing the holders with an economic investment in the firm without direct stock ownership.

Legal issues & crime, Strategy & planning, Government regulation (cont), Government regulation, Legal/Government Regulation, Planning, Laws, regulations and rules, Disclosure (Securities law), Company business planning, United Kingdom. Financial Services Authority

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Julius Baer turns focus to GAM with U.K. unit's sale to managers

Article Abstract:

Julius Baer Investments Ltd. of the United Kingdom is having its 90 percent stake bought by its employees. The mutual fund unit is a subsidiary of Julius Baer Holdings Ltd. of Switzerland and is valued at 11 billion Swiss Francs ($9 billion). The Swiss banking interest is concentrating on the GAM hedge fund it purchased one year and a half ago.

Financial management, Switzerland, Finance, Company financing, Company overview, Financial report, Julius Baer Holding Ltd.

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U.K.'s Synapse closes fund weighed down by mortgages

Article Abstract:

UK hedge fund firm Synapse Investment Management LLP has announced the closing of its Synapse High Grade ABS Fund No. 1 due to effects from US mortgage market problems and the withdrawal of monetary backing by German bank SachsenLB. The closing of the $272.5 mil fund demonstrates the continuing downturn in the credit market.

Germany, Services discontinued, Economic aspects, International aspects, Influence, Hedge funds, Service discontinuation, Subprime loans

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