Donal Griffin

1 month ago | news.bloomberglaw.com | Donal Griffin |Greg Ritchie |Meg Short

Argentex Group Plc, the UK finance firm set up to help customers manage volatile currency swings, should have taken some of its own advice. The London-based brokerage amassed US dollar trades for its clients yet didn’t obtain enough collateral from them in return, people familiar with the matter said. That’s partly because Argentex pursued a high-risk strategy with some customers known as “zero-zero lines,” according to the people, who requested anonymity as details aren’t public.

1 month ago | bloomberg.com | Donal Griffin |Greg Ritchie |Meg Short

The City of London. (Bloomberg) -- Argentex Group Plc, the UK finance firm set up to help customers manage volatile currency swings, should have taken some of its own advice. The London-based brokerage amassed US dollar trades for its clients yet didn’t obtain enough collateral from them in return, people familiar with the matter said.

1 month ago | bloomberg.com | William Shaw |Donal Griffin

Nomura Holdings head office in Tokyo. (Bloomberg) -- Nomura Holdings Inc. is weighing a return to offering cash prime-brokerage services in the US and Europe, businesses it largely exited just four years ago following the implosion of Archegos Capital Management. As part of the push, Nomura hired Matias Bercun, a 17-year veteran of Barclays Plc, to run the prime brokerage business globally, according to people familiar with the matter.

2 months ago | news.bloomberglaw.com | Nishant Kumar |Donal Griffin

Brevan Howard Asset Management is offering discounted fees for some clients in its flagship hedge fund and lowering charges to those willing to lock in capital for longer, as the firm battles the worst start to a year in more than two decades. The macro trading firm is reducing the 30% performance fees charged to certain clients to 20% in the $11.4 billion Brevan Howard Master Fund, according to people with knowledge of the matter. It’s also offering clients reduced management fees.

2 months ago | bloomberg.com | Nishant Kumar |Donal Griffin

Brevan Howard Asset Management is offering discounted fees for some clients in its flagship hedge fund and lowering charges to those willing to lock in capital for longer, as the firm battles the worst start to a year in more than two decades. The macro trading firm is reducing the 30% performance fees charged to certain clients to 20% in the $11.4 billion Brevan Howard Master Fund, according to people with knowledge of the matter.