Metals

Urge to merge

The landscape for US commodity exchanges is undergoing considerable change, with many heavyweight names announcing mergers or new co-operations. David Watkins looks at what this will mean for energy trading

The long and short of M&A

Cazenove's Tim Russell has been on the wrong end of bidding activity and has missed the resources boom in his UK hedge fund, each theme beguiling many of his peers. Even so, the manager has met his target of achieving 10% returns in his UK Equity…

Beyond Universal appeal

Risk, not returns, governs the way Stenham Advisors look at managing money. And after a century in the business, who's to say they're wrong - certainly not investors, whose assets with Stenham have just passed $1billion.

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