By Maiya Keidan and Simon Jessop LONDON (Reuters) - Generous salary and juicy bonus? Check. Client meetings at private members' club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we’ll get back to you. In the competition for talent, the hedge fund industry still has an edge over many other areas of finance, except, it would seem, when it comes to employing women. Just seven women were hired or promoted last year as investment executives at 20 of Britain’s top private hedge funds, the lowest level in at least a decade, according to a Reuters analysis of regulatory filings. They took on 82 men in that period. Of all the places to work in hedge funds, the investment team is the most coveted. Portfolio managers or traders decide where to invest client money and are traditionally the highest-paid members of staff. Such roles are a launch pad for star managers to set up their own firms in the future, establishing the next generation of hedge funds. In … [Read more...] about Women running the money? Rarely at hedge funds
Citadel hedge fund
Europe’s bourses say report refutes data profiteering claims
By Huw Jones LONDON (Reuters) - Stock exchanges in Europe are not harming markets or gouging customers with the fees they charge for data, an industry-commissioned report said on Thursday. The report from consultants Oxera for the Federation of European Securities Exchanges (FESE) wants to counter accusations from investment funds that "monopoly" bourses were continually hiking fees for market data to lift profits. Investment firms have called on the EU's markets watchdog ESMA to review market data fees charged by exchanges, saying they keep on rising despite falling costs of computing and data storage. Oxera's report concludes that "economic analysis suggest that the current charging structures for market data are unlikely to have detrimental effects on market outcomes for investors." FESE said that while fees have been "challenged by some", the report showed that aggregate market data revenues have risen by only 1 percent a year, from 230 million euros ($261.2 million) in 2012 to 245 … [Read more...] about Europe’s bourses say report refutes data profiteering claims
How to avoid the next real estate downturn
By Paul Sullivan Published 6:12 pm PDT, Saturday, March 16, 2019 Property investments have long been associated with wealth creation. In a recession, though, they can be risky for owners who need to sell. Property investments have long been associated with wealth creation. In a recession, though, they can be risky for owners who need to sell. Photo: Rose Marie Cromwell / New York Times Photo: Rose Marie Cromwell / New York Times Image 1 of / 3 Caption Close Image 1 of 3 Property investments have long been associated with wealth creation. In a recession, though, they can be risky for owners who need to sell. Property investments have long been associated with wealth creation. In a recession, though, they can be risky for owners who need to sell. … [Read more...] about How to avoid the next real estate downturn
Tesla’s $920 Million Debt Payment Is Due Tomorrow
Tesla is due to pay nearly $1 billion in debt on Friday, a sum which could wipe out at least a quarter of the company’s cash. CNBC reports that Elon Musk’s Tesla faces a debt repayment of $920 million due on Friday which could spell huge problems for the company. Regulatory filings show that the company has $920 million in convertible senior notes due on March 1 at a conversion price of $359.87 per share; Tesla’s shares haven’t traded above $359 for quite some time and closed at $297.86 on Tuesday making repayment through shares impossible.If Tesla’s stock price was at $359.87 or higher, the debt repayment would be converted into Tesla stock and the company would not have to come up with $920 million in cash. In 2018, the company reported $3.69 billion in unrestricted cash and equivalents, if the company’s cash level is at a similar level, a $920 million hit will take up a significant amount of Tesla’s resources. Former hedge … [Read more...] about Tesla’s $920 Million Debt Payment Is Due Tomorrow
New York penthouse sells for $238M, setting US record
Updated 10:02 pm PST, Wednesday, January 23, 2019 FILE - In this May 26, 2016 file photo, a crane sits atop ongoing construction for a new condominium skyscraper at 220 Central Park South in New York. Citadel hedge fund founder Ken Griffin, a billionaire hedge fund founder, has purchased a penthouse in New York for roughly $238 million. The Wall Street Journal reported Wednesday, Jan. 23, 2019, that the deal sets a record for the highest-priced home ever sold in the U.S. less FILE - In this May 26, 2016 file photo, a crane sits atop ongoing construction for a new condominium skyscraper at 220 Central Park South in New York. Citadel hedge fund founder Ken Griffin, a billionaire hedge ... more Photo: Bebeto Matthews, AP Photo: Bebeto Matthews, AP Image 1 of / 3 Caption Close Image 1 … [Read more...] about New York penthouse sells for $238M, setting US record