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Fortune favours the brave as dark days loom for fund managers

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Lower rates for longer, pressure on fees and a shifting client base – these are the reality for buyside chief executives, according to FN's 2016 Asset Management CEO Survey

CVC deals worth billions did not use investor cash

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Use of fund overdrafts continues to increase across the private equity industry

Luxembourg has the financial firepower to benefit from Brexit

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June 23 gave Luxembourg an extra reason to celebrate this year. It is the national holiday, on which the Grand Duke’s official birthday is marked with fireworks, torchlight procession and a 21-gun salute. But it was also the day the UK electorate presented a big new opportunity to Luxembourg and its half a million inhabitants.

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Global equity trading activity dropped 24% in the first half of the year

Fraud probe hits hedge fund tied to Jewish community

For his son’s bar mitzvah in 2008, hedge fund manager Murray Huberfeld chartered a JetBlue plane and invited hundreds to an oceanfront party in Palm Beach, Florida. An Orthodox pop star known as the “Jewish Elvis” entertained the guests, who Huberfeld says included investors in his fund.

Deutsche Bank launches internships for graduates with autism

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Those taking part in the three-month programme will be paid the same rate as other interns at the bank

Morgan Stanley bets on William Hill takeover

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Wall Street bank is advising 888 and Rank on what could be its third multibillion-pound UK gambling tie-up in the past year

UPDATED: Gilbert hails performance recovery at Aberdeen

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Martin Gilbert, the chief executive of Aberdeen Asset Management, hailed a 2016 turnaround in equity fund performance at his firm this morning, and raised the prospect it might soon put an end to more than three years of net outflows from the company's funds.

Goldman had 'authority without accountability' on BHS sale

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A UK parliamentary inquiry has criticised Goldman Sachs over its role in the sale of retailer BHS, saying the lack of clarity over the Wall Street bank's involvement led to it having "authority without accountability" on the ill-fated deal.

Omers Private Equity reshuffles leadership

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Promotions come after Mark Redman was elevated from head of private equity in Europe to global head of private equity in September

Buyout firms' new financing tactic looks good – but only on paper

Would you rather be poor while appearing rich... or rich while appearing poor? This is a question investors should be asking themselves as buyout firms increasingly look to extend the use of overdrafts to fund deals.

Three Hills closes €200 million second fund

Hutton Collins spin-out will boost its deal team as it gears up to spend latest €200 million fund

Brexit threat to M&A could move into 'dangerous territory'

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Mergers and acquisitions involving a UK company since the Brexit vote have fallen to the lowest level since 1996

Growth in UK marketplace lending stagnates

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After steep rise early in 2016, loans originated by UK P2P platforms in July are set to be stuck at same level as April

Fund managers face big fees hit as town halls pool pensions

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Estimates show local authority pensions pooling will result in a multimillion-pound revenue drop for asset managers

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Luke Ellis has no plans to slow the acquisitive strategy that defined the tenure of his friend and predecessor Manny Roman

https://www.wsj.com/?type=allesseh_content_full_list