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Former Lazard banker looks to African adventure

Ken Costa, the former chairman of Lazard International who was previously one of the City of London’s best-known rainmakers, is in talks to launch a fund focused on deals in Africa

US hedge fund Elliott Advisors pays unnamed London executive £38m

Elliott’s UK division paid only £1.3m in corporate tax last year, less than the average £1.35m paid to its 53 employees

European tool to out ‘closet index trackers'

European funds that charge high fees for active management but which, in reality, resemble low-cost index funds are at risk of being exposed by an online tool being developed by a group that represents more than 60,000 Swedish retail investors.

Ignis Integration Update from Standard Life Investments

“The acquisition of Ignis Asset Management is another step in Standard Life Investments’ growth story, deepening our investment capabilities, broadening our third party client base and strengthening our strategic position.

Advisers rush to save £800m banking float

Challenger bank Aldermore is locked in a race against time to get its stock market flotation away, as it battles to offload shares to US investors and include existing shareholders in the free float of the business

Italy on Sale to Chinese Investors as Recession Bites

While Italian stores turn to the local Chinese community, the country’s largest companies are seeking investments directly from the Asian giant

OMGI appoints specialists to replace Henderson on EM mandate

The emerging market ex-Asia mandates form part of the £1.2bn Old Mutual Voyager Global Dynamic Equity fund, managed by François Zagamé.

GLI Finance To Invest GBP1 Million In UK Bond Network

GLI Finance shares were early Monday up 0.3% at 56.90 pence.

Chinese Premier supports offshore RMB market in Luxembourg

Chinese Premier Li Keqiang said Saturday that China supports the establishment of an offshore RMB market in Luxembourg, and the use of national currencies in the two-way trade and investment.

Source and Ashmore partner for EMD launches

Both funds are invested physically in a diversified portfolio of bonds and are managed actively.

Norway Fund to Buy BofA’s London Offices for $944 Million

GIC bought the property from Merrill Lynch & Co. Inc. in 2007 for 480 million pounds.

Masters of All Assets in Demand as Cash Seeks Top Talent

London investment firms are raiding the competition and raising pay for money managers as cash pours into funds that invest across a range of assets, from stocks to high-yield debt.

U.K. Hires Banks for World’s Debut Non-Chinese Bond in Yuan

The U.K. has picked banks to sell its first yuan-denominated bonds as it seeks to develop Europe’s offshore trading center for the currency.

Quinlan eyes raising funds from $2bn equity investor

Derek Quinlan, the Celtic tiger financier, has held talks with AGC Equity Partners, a Middle East and UK-based fund with $2 billion equity under management, about raising cash to get back into business, according to property sources.

German boutique launches infrastructure bond fund

The fund has been launched by the boutique, that was founded in April, together with Frankfurt-based fund house Universal Investment.

Woodford Investment Management Appoints Northern Trust

Full Suite of Investment Operations Outsourcing Provided for Newly Launched Equity Income Fund

Kames Capital plans double absolute return fund launch

The former will be run by David Griffiths and David Pringle while the latter will be run by Griffiths, Pringle and Malcolm McPartlin.

Northern Trust Provides Hedge Fund Administration to alternative investment management firm

As part of the broad mandate, Northern Trust will also provide depositary services.

London’s Historic Buildings Reborn as Luxury Homes

Hundreds of London’s public buildings are being sold off to bolster Britain’s finances.

Alternative Investment Company Launch Ethical, Green Corporate Bond

Crystal Investment Holdings say that they pride themselves on their ability to nurture long term relationships with investors and finance intermediaries

Alternative Investments