Tommy Wilkes

Indian election cash call puts strain on construction, real estate

August 25, 2021 at 3:24 a.m.

NEW DELHI (Reuters) - As India's mammoth general election approaches, jackhammer drills are quietening down at construction sites and earthmovers and cranes remain parked. Many of the country's real estate...

Canada’s BMO offers $1.2 billion for F&C Asset Management

August 25, 2021 at 12:50 a.m.

LONDON (Reuters) - Canada's Bank of Montreal has made a preliminary offer to buy UK fund manager F&C; Asset Management, operator of the world's oldest investment trust, for 697 million...

Electra Private Equity sets aside $100 million for staff payouts

August 24, 2021 at 10:43 p.m.

LONDON (Reuters) - Electra Private Equity's 20 investment team staff are each set to receive an average payout of about 3 million pounds ($4.85 million) following a year of gains...

Activist investor Ackman remains convinced Herbalife will fail

August 24, 2021 at 9:56 p.m.

OXFORD (Reuters) - Billionaire investor William Ackman is still convinced that U.S. nutrition company Herbalife will fail as he sits on hundreds of millions in unrealized losses, nearly one year...

Ex-trader Hayes allegedly conspired with 22 others, UK court hears

August 24, 2021 at 9:40 p.m.

LONDON (Reuters) - Tom Hayes, a former UBS and Citigroup trader, allegedly conspired with 22 others to manipulate Libor benchmark interest rates, a London court heard on Monday. The 34-year-old,...

Hedge funds reap rewards from bet on Lehman Europe carcass

August 24, 2021 at 8:19 p.m.

LONDON (Reuters) - Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds...

Hedge funds seek chance to shine in QE slowdown

August 24, 2021 at 6:07 p.m.

LONDON (Reuters) - Hedge funds view the prospect of an end to U.S. money printing as a chance to buy riskier assets, including troubled euro zone bonds and U.S. stocks,...

U.S. firm makes surprise offer for Greek government bonds

August 24, 2021 at 4:16 p.m.

LONDON/ATHENS (Reuters) - A U.S. investment firm is offering to buy as much as 10 percent of all outstanding Greek government bonds, in an offer that surprised traders both because...

Lloyds nears capital target with U.S. mortgage book sale

August 24, 2021 at 4:12 p.m.

LONDON (Reuters) - State-backed British bank Lloyds sold a book of U.S. mortgage-backed securities for 3.3 billion pounds ($5 billion), boosting its capital by 1.4 billion pounds and taking it...

Hedge fund Centaurus to return cash, shut Asia office: source

August 24, 2021 at 1:59 p.m.

HONG KONG/LONDON (Reuters) - Hedge fund firm Centaurus Capital is returning external investors all of their money after clashes with them over where the best money-making opportunities lay, a source...

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