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The truth about Asian investment banking

October 2003

October 2003

Dr Mahathir alternative therapy

Euromoney October 2003

Contraversy has dogged Mahathir Mohamad's 22 years' dedication to making Malaysia a healthy modern economy. Now on the brink of retirement the prime minister spoke to Chris Cockerill about his country's achievements and his refusal to bow to the prescriptions of the developed world.

Profile

A lead from investigative journalism

Euromoney October 2003

BackTrack Reports' office might bring to mind Philip Marlowe's but the founders of the background check firm, a specialist in hedge funds, reckon the methods of investigative journalists serve its clients better than private-eye or police approaches.

High-yield high-fliers

Euromoney October 2003

After 11 years at Mackay Shields, Steven Tananbaum concluded that there was room for a new player in the limited field of top-quality high-yield asset management. The result was Golden Tree Asset Management.

Investment banking

HSBC's local heroes take a global view

Euromoney October 2003

HSBC's retail and corporate bank marketing has stressed its prowess as the world's local bank. However, the quest for a much enhanced global investment banking business demands a break from group tradition, one that redeployed and enhanced top management seems intent on implementing.

The outsider's view

Euromoney October 2003

Research

New-look research strives for clearer view

Euromoney October 2003

Investment banks are turning to new research strategies as they fight to win back investor confidence and wash away the stigma of bias and conflicts of interest that have tarnished sell-side research in recent years. There appears to be a stress on intellectual honesty but can this coexist with turning a profit?

Research cost riddle proves hard to crack

Euromoney October 2003

Working a rich face in the custody mines

Euromoney October 2003

Equity markets

Back in business

Euromoney October 2003

IPO fever is yet to sweep the equity capital markets, but there has been a marked upturn in other types of issuance, putting pressure on banks' depeleted ECM division. Some are rehiring, but can the revival be sustained?

Fund management

Rebellion of the dispossessed

Euromoney October 2003

Private-equity houses are trawling Europe for cheap listed companies. Critics say shareholders shouldn't sell out so cheaply but should rather seek enhanced value for themselves. Some are already rebelling against the loss of future value.

Western Europe

Mid-size banks play hard to get

Euromoney October 2003

Spain's banking market is Europe's most attractive, and theoretically at least there's still room for more consolidation. Spanish bankers, though, reckon potential targets are not in a rush to give up their independence. But then they might overcome their hesitancy if the price is right.

Custody and clearing

Spain throws down a vertical challenge

Euromoney October 2003

The arrival of a new clearing house in Spain challenges the balance of power in Europe. Can it succeed against competitors such as LCH.Clearnet that are pushing for a horizontal solution?

E-finance

Bloomberg stirs up competition

Euromoney October 2003

Bloomberg is beefing up its fixed-income trading capability for the first time in years. This could pose a threat to existing bond-trading platforms. But rivals hope Bloomberg's efforts are just too late to wipe them out.

Emerging Europe

How distressed is Serbian debt?

Euromoney October 2003

Serbian debt is undergoing something of a rally. The restructuring of the country's $2.4 billion in London Club debt seems finally to be gathering momentum, and analysts are calling it the next big CEE convergence trade. But are they getting over-excited? The Serbian minister of finance thinks so.

Private-equity big guns turn to Russia

Euromoney October 2003

The Russian private-equity market has had a great few months and many of the big houses are establishing funds. But are they prepared for russian condition, and are there enough deals out there to be done?

Asia

The Chinese index puzzle

Euromoney October 2003

Investing in China is tricky enough without having to offer coherent data on performance. Fund managers, under increasing pressure to outperform benchmarks, are struggling with the fact that index providers offer a mystifying range of products covering Chinese stocks.

A revitalizing influence

Euromoney October 2003

Editorial

Front end

Russia's 'most hated man' returns

Euromoney October 2003

Wall Street meets Sesame Street

Euromoney October 2003

Watch those margins

Euromoney October 2003

Argy-bargy in Dubai

Euromoney October 2003

Award winners in Dubai

Euromoney October 2003

Clarke scrums down at Cantor

Euromoney October 2003

breakingviews

Market monitor

A model regime for hedge funds

Euromoney October 2003

Big two lock horns

Euromoney October 2003

Start-ups offered place to stay

Euromoney October 2003

Emerging markets

Deal Insider

Farm flows feed a new asset class

Euromoney October 2003

Issuer: RHG Nord Size: e65 million Arranger: Rabobank International Issue date: September 17 2003

CVC takes spread-betting company private

Euromoney October 2003

Against the tide

People

People: David Puth, Global head of foreign exchange and managing director of credit and rates, JPMorgan Chase

Euromoney October 2003

Some of JPMorgan's foreign exchange staff in London were bound to be unnerved when they heard that the big cheese from New York was moving across the Atlantic.

People: Diego Wauters, CEO, Coriolis Capital

Euromoney October 2003

Diego Wauters, chairman and CEO of Coriolis Capital, was in hospital having a foot operation that was going to leave him wheelchair bound for three months when the company began setting up in its new offices.


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