Why IPOs ‘pop’ in New York but not HK

Hong Kong city skyline
©Dan Breckwoldt/Dreamstime

Flotation battle highlights the very different characteristics of the two markets

Martin Gilbert of Aberdeen Asset Management.
©Charlie Bibby/FT

Martin Gilbert’s Viennese whirl

A spiralling down of the oil price means outflows from Aberdeen

Aberdeen Asset Management Cowes Week.
©Alan Crowhurst/Getty Images

Aberdeen’s effort to diversify falls short

UK investment group is still reliant on emerging market equities

BTG Pactual: run for its money

Crises in confidence and a reliance on short-term funding do not play well together

A trader looks at his screen as he works on the floor of the New York Stock Exchange shortly after the opening bell, in the Manhattan borough of New York January 24, 2014
©Reuters/Lucas Jackson

BATS gearing up for second try at IPO

US-based exchange could be worth $2bn including debt

Surge in securities lending poses risks

Banks use ultra-safe bonds as compliance shortcut

US tries to boost access to 25m ‘unbanked’

American banking system leaves millions of poor people behind

The headquarters of the Serious Fraud Office in Westminster.
©Charlie Bibby

Standard Bank to pay $25m in bribery case

SFO uses deferred prosecution agreement for first time

Swiss banks face uncertainty on ECB move

Lower rates would potentially be destabilising for lenders

Fed limits emergency lending powers

Revised rules aim to subdue lawmakers’ criticism of over-reach

Aberdeen: Swips and chains

Asset management group has changed. The market has not noticed

Sovereign wealth pullback hits Aberdeen

Europe’s third-largest listed investment company continues to battle turmoil in emerging markets

Japan’s GPIF loses $64bn in third quarter

World’s biggest pension suffers 5.6% hit amid volatile markets

Funding Circle launches P2P trust

Fund invests in small business loans in UK, US and Europe

Deutsche Börse to encourage hidden trades

Exchange to promote ‘dark pool’-style dealing ahead of Mifid II overhaul

Private equity drawn to hedge funds

Credit Suisse and Goldman Sachs are the latest to look for stakes

Intesa Sanpaolo to open London office

Italian lender to focus on wealthy diaspora

Noble liquidity squeeze in the spotlight

Trader strives to preserve its investment grade rating

Dreyfus family asks to be bought out

Commodity trading dynasty seeks deal with billionaire heiress

Movers & shakers: November 30

Unigestion hires hired David Latto as an equity portfolio manager


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