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Paintings by numbers

Every cloud has a silver lining as they say and we bet art lovers at the Financial Services Authority will be salivating at the prospect of adding to the organisation’s £250,000 collection (according to a 2006 valuation) when bankrupt Lehman Brothers sells $8m worth of art that once adorned its offices.

The company filed court papers last month so it could pay fees to art handlers who provided warehousing and framing services prior to bankruptcy.

Lehman said it needed to pay the fees so it could access the artwork, located in warehouses in New York and Paris, and show it to potential buyers.



I was feeling melancholy all weekend, perhaps because I found out that one of my favourite songs is about to be ruined by whoever wins the X factor, and therefore had it going through my head over and over again.

Checkmate secures three major contracts

Checkmate Mortgages has secured three major contracts to support its launch and make use of the latest technology and fraud protection products.

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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