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Croydon to withdraw pension investment in tobacco

The council also said an investment in tobacco was at odds with its responsibility for public health

Marble House Capital appoints BNY Mellon as custodian for range of German alternative investment funds

In terms of its global positioning and international expertise in the private equity asset class, BNY Mellon is the ideal partner for us

Old Mutual: The best UK smaller companies

He noted that the UK small- and mid-cap sectors have underperformed this year relative to larger companies. Nickols believes that there are two reasons for this.

Macedonia to issue seven-year benchmark euro-denominated bond

The Republic of Macedonia is to issue a seven-year benchmark-sized euro-denominated bond, according to a lead.

Overhaul of London Gold 'Fix' Expected Imminently

A similar process took place in the silver market in recent months and that yielded an electronic auction mechanism to replace a daily conference call with three banks.

Woodford unveils bearish portfolio with a nod to UK universities

Woodford believes these two sectors will be resilient in a weakening economic environment and have companies with strong balance sheets and attractive valuations.

Zurich plans to invest $2bn in green bonds as sector grows

Cecilia Reyes, chief investment officer of Zurich, which is one of the biggest players in the nascent market for green bonds, said the instruments were well-matched with the insurer’s investment strategy.

City of London profits fall almost 20%

It noted that it was reviewing its historic target of 1.5 times dividend cover, ‘and has in recent years applied it flexibly’.

Charlemagne Capital AuM up

However, the company said more growth in assets under management is required.

SQN Asset Management launches Guernsey-domiciled fund

SQN Asset Management have launched a Guernsey registered fund which will target assets in agriculture, energy, environmental, manufacturing, material handling, medical, modular accommodation, technology and transportation sectors.

Success in hedge fund marketing not linked to performance, but investor appetite

The Opalesque 2014 France Roundtable discussed was sponsored by Lyxor and Eurex and took at the Paris office of Lyxor

BlackRock launches global long/short equity fund

BlackRock has launched a new absolute-return fund for its quantitative equity team.

Gulf investors snap up London properties

Find out which locations attract buyers most

Superwoman returns: Nicola Horlick raises funds to finance films

City 'superwoman' turned movie mogul aims to put £146m into Hollywood projects

Ruffer duo boost capital with distressed debt

The managers of the Ruffer investment company have made back two-thirds of their 2009 investment into distressed assets amid more favourable market conditions for some illiquid strategies.

APG and Aquila Capital team up for European hydro investment

Dutch pension fund asset manager APG Asset Management and alternative investments manager Aquila Capital have agreed a partnership deal that could see them invest around €500 million in the acquisition and development of European hydropower plants.

7IM boosts holdings in EM bonds

Emerging market bonds have become the largest absolute position in Seven Investment Management’s Cautious discretionary portfolio.

UK fund management salaries down 20%, ONS survey finds

The average salary in the UK’s fund management sector has fallen by 20.3 per cent in the past year.

Natwest Pulling Out of Share Dealing

NatWest and RBS clients – there are about 140,000 of them – can continue to trade as normal until October.

BNP Paribas launches alternatives business

Jean-Marc Rivet Fusil will be responsible for the part of the business that manages private equity in a fund-of-funds format, and offers related advisory services.

Alternative Investments