Stockbroker plans to expand in hedge funds

eFC logo

The company plans to extend its Channel Islands-based hedge fund business into continental Europe, notably Italy, where direct investment in hedge funds is barred, but fund-of-fund products are allowed.

Collins Stewart reported a 13% fall in pre-tax profits to 11.7m (€18.8m) in the six months to June 30, compared with a pro-forma 13.5m last time.

Collins Stewart's smaller companies stockbroking and corporate finance business was hit by a decline in new issues it managed. The business raised 88m for new issues in the first half, compared with 517m in same period last year.

Popular job sectors


Search jobs

Search articles