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☆ Nine-man Spurs miss out on top spot in chaotic 4-1 loss to Chelsea
▼ + stars: | 2023-11-06 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Destiny Udogie was shown a second yellow card 10 minutes after the break leaving the home side hanging on for a point. Australian Postecoglou said his first Premier League defeat was hard to analyse. BEST STARTTottenham have enjoyed their best start to a top-flight season since 1960 with Postecoglou the first manager to go unbeaten in his first 10 Premier League games. Chelsea were chasing shadows initially and were relieved when Son's effort was ruled out for offside. Minutes later Chelsea's Moises Caicedo drove a low shot home through a crowd but that was ruled offside and confirmed by VAR.

Persons: Chelsea's Nicolas Jackson, Reece James, Moises Caicedo REUTERS, Tony Obrien, Tottenham Hotspur's, Nicolas Jackson, Mauricio Pochettino, Chelsea, Dejan Kulusevski's, Son Heung, Chelsea scuppered, Cristian Romero, Cole Palmer, Micky van de, James Maddison, Udogie, Jackson, Eric Dier, Son, Robert Sanchez, Ange Postecoglou's, Postecoglou, we're, I'm, Kulusevski's, Levi Colwill, wrongfoot Sanchez, Raheem Sterling, Romero, Colwill, Moises Caicedo, Michael Oliver, Enzo Fernandez, Maddison, Van de, Pochettino, Martyn Herman, Ken Ferris Organizations: Soccer Football, Premier League, Tottenham Hotspur, Chelsea, Tottenham, Spurs, Manchester City, BEST, Argentina, Sterling, Thomson Locations: London, Britain, Chelsea's, Sterling's, Senegal

☆ Hedge funds expected to ramp up returns on higher rates - BNP survey
▼ + stars: | 2023-10-11 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsLONDON, Oct 11 (Reuters) - Investors expect hedge funds to produce higher returns with the prospect of interest rates staying higher for longer, a BNP Paribas [RIC:RIC:BNPPL.UL] investor survey showed on Wednesday. Investors now expect hedge funds to return an average of 9.75% annually within an average of 19 months, up from 6.85%, according to the survey. However, hedge funds themselves think this will take longer, up to 29 months, the survey showed. BNP Paribas said historical evidence shows hedge funds tend to perform well in higher and stable interest rate environments and less so when rates are lower. BNP Capital Introduction Group surveyed 82 hedge fund managers in what it called the "summer" of 2023.

Persons: Carlo Allegri, Michael Oliver Weinberg, “, ”, Weinberg, Nell Mackenzie, Dhara Ranasinghe, Kirsten Donovan Organizations: New York Stock, REUTERS, BNP, RIC, Investors, Group, Thomson Locations: Manhattan, New York City , New York, U.S

☆ VAR officials involved in Liverpool error not selected for weekend games
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Premier League - Tottenham Hotspur v Liverpool - Tottenham Hotspur Stadium, London, Britain - September 30, 2023 Referee Simon Hooper looks at the VAR monitor before giving Liverpool's Curtis Jones a red card Action Images via Reuters/Peter Cziborra/File Photo Acquire Licensing RightsOct 3 (Reuters) - The Video Assistant Referee (VAR) officials involved when Liverpool were wrongly denied a goal in Saturday's 2-1 Premier League defeat at Tottenham Hotspur have not been included for this weekend in the list of officials released on Tuesday. The referees' body, Professional Game Match Officials Limited (PGMOL), admitted it was the wrong decision to disallow Luis Diaz's effort, blaming human error, and "should have resulted in the goal being awarded through VAR intervention". Liverpool released a statement on Sunday saying it was clear the rules of the game were not applied correctly, which undermined sporting integrity, adding that they would explore the options available for resolution. The on-field referee from the Liverpool game, Simon Hooper, and the fourth official, Michael Oliver, have both been selected for weekend duties. Reporting by Trevor Stynes; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Simon Hooper, Liverpool's Curtis Jones, Peter Cziborra, Luis, PGMOL, Darren England, Dan Cook, Michael Oliver, Trevor Stynes, Ken Ferris Organizations: Soccer Football, Premier League, Tottenham Hotspur, Liverpool, League, Thomson Locations: London, Britain, Saturday's

A spokesperson for the hedge fund declined further comment on Thursday. Big banks typically agree terms with hedge funds that allow them to cut ties at short notice, five sources from prime brokerages and hedge funds told Reuters. Prime brokerages may now refine due diligence processes and perform more thorough background checks on hedge funds, said Jim Neumann, chief investment officer of Sussex Partners, which advises investors on how they give their money to hedge funds. But many of these agreements mainly focus on the financial viability of the hedge fund, two of the sources said. One hedge fund manager said he was asked in his due diligence with the bank if he was approved by the UK regulator, the Financial Conduct Authority.

Persons: Banks, Crispin Odey, Goldman Sachs, Morgan Stanley, MS.N, Odey, Epstein, Michael Oliver Weinberg, JPMorgan Chase, JPM.N, Jeffrey Epstein, Bill Hwang, brokerages, Jim Neumann, Neumann, Archegos, Erika Kelton, Phillips, Cohen, Nell Mackenzie, Kirstin Ridley, Carolina Mandl, Dhara Ranasinghe, Elisa Martinuzzi, Matthew Lewis Organizations: Wall, Odey, Management, Financial Times, Tortoise Media, JPMorgan, Odey Asset Management, Reuters, CMT, Archegos Capital Management, Sussex Partners, UBS, Financial, Authority, Thomson Locations: London, New York

☆ Swiss Miss: Why UBS's deal with Credit Suisse will threaten its hold on rich clients
▼ + stars: | 2023-03-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

UBS was already the largest private wealth manager in the world before it agreed to buy fellow Swiss bank Credit Suisse. UBS and Credit Suisse are both known for servicing the ultra-rich, though UBS does so on a much larger scale. The acquirer had $2.8 trillion in global wealth management assets as of the end of 2022 while Credit Suisse's totalled $585 billion. But the merger gives UBS and Credit Suisse clients the thing that matters mostBut the acquisition wasn't just about rescuing Credit Suisse but restoring confidence in the Swiss banking system, Ibrahim noted. For one Irish billionaire and Credit Suisse client, this is what matters most.

☆ UBS will become a Swiss wealth behemoth after buying Credit Suisse, but blending the two rivals could get awkward and messy
▼ + stars: | 2023-03-21 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

UBS was already a giant in wealth management before it agreed to buy doomed rival Credit Suisse. UBS was already the largest private wealth manager in the world before it agreed to buy fellow Swiss bank Credit Suisse. UBS and Credit Suisse are both known for servicing the ultra-rich, though UBS does so on a much larger scale. The acquirer had $2.8 trillion in global wealth management assets as of the end of 2022 while Credit Suisse's totalled $585 billion. But the merger gives UBS and Credit Suisse clients the thing that matters mostBut the acquisition wasn't just about rescuing Credit Suisse but restoring confidence in the Swiss banking system, Ibrahim noted.

Police officers involved in the deaths have become an intense focus of investigation, protest, and media coverage. Despite being at the heart of some of the most defining incidents in modern policing, most of the officers involved continue to live their lives under the radar. Insider's review of 72 cops involved in two dozen of the most notorious police killings of the past 30 years shows the many different paths officers have taken. There's no nationwide view into what happens to officers involved in egregious incidents of violence. In rare cases, cops involved in these killings have tried to publicly rehabilitate their image rather than seek out anonymity.

☆ I find peoples' lost jewelry on beaches for a living. I have a 90% success rate, and most searches take me under 2 hours.
▼ + stars: | 2023-02-13 | by ( Gary Nunn | ) www.businessinsider.com time to read: +6 min

Michael Oliver would hunt for lost metal as a hobby while working as a forklift driver. I called my business Lost Jewelry Recovery rather than naming it as a metal-detecting service, because jewelry is the main thing clients call me to recover. The equipment tells me exactly where to dig and how far downSometimes I find lost jewelry in five minutes or less. There are heaps of lost rings: engagement rings, wedding rings, family heirlooms, 21 st-birthday rings, grandma's ring — the lot. Reunions are often emotionalSometimes curious beachgoers who've watched the nail-biting search burst into spontaneous applause when I find the lost item.

☆ Biggest hedge funds will keep lion's share of customers in 2023, data shows
▼ + stars: | 2023-01-05 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Jan 5 (Reuters) - The top 5% of the world's hedge fund managers are set to take 80-90% of investor inflows in 2023, according to new research from Agecroft Partners which raises money for hedge funds. The larger a hedge fund manager gets, the harder it is to trade in size and profit from less efficiently priced parts of the market. Data compiled by Hedge Fund Research shows that on average hedge funds were down 4.1% last year through November. The $59 billion hedge fund manager Millennium returned 9.8% in its International Ltd Fund for the year, said industry research. The number of operating hedge funds fell to 9,163 at the end of the third quarter, the lowest number since 2009, according to HFR.

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