11/18/2013
IFG reports ‘steady’ performance
Financial services group IFG said its Irish business is delivering “steady performance” despite difficult trading conditions, with the corporate pensions division achieving good growth.
Alternative Investments
11/18/2013
IMA Warns Bond Managers Over Non-Core Allocations
According to sources, the trade body has told managers who hold over 20% in cash and certain other securities they risk ejection from the sector.
11/18/2013
Schroder Real Estate Investment Trust NAV Rises, Dividend Cut
Schroder Real Estate Investment Trust Limited Tuesday reported a slight increase in net asset value per share over the course of the half year
11/18/2013
Woodford's income funds see £500m more outflows in October
Investors in Invesco Perpetual's flagship income funds withdrew over £500 million in the weeks that followed the announcement that star manager Neil Woodford is to depart.
11/17/2013
Aberdeen buys Scottish Widows from Lloyds for $1 billion
As part of the transaction, the Group will enter into a long-term strategic asset management relationship, whereby Aberdeen will manage assets on behalf of the Group.
11/17/2013
France Smart Beta manager Ossiam To Double Aum This Year
Paris-based Ossiam has crossed the €1 billion thresh-hold in assets under management with three-quarters of that in smart beta exchange-traded funds.
11/17/2013
Hedgie takes major stake in WH Ireland turnaround
Gate bought almost 1.3 million shares in the business, worth nearly £900,000.
11/16/2013
Vienna Insurance Group extends presence in Poland
It is agreed not to disclose the purchase price
11/16/2013
Credit Suisse Sets Up New Fixed-Income Group After Bond Job Cuts
Bradbery confirmed nearly all the affected staff have already been informed about these redundancies
11/15/2013
Hedge funds in emerging Asia, Middle East, Russia lead Q3 gains
Emerging Markets hedge funds extended year-to-date (YTD) performance gains in the third quarter as local equity and currency markets posted a strong recovery on a continuation of the US Federal Reserve stimulus measures, according to the latest HFR Emergi
11/15/2013
Irish Davy Group acquires Prescient for EUR2 billion
Investment firm Prescient Ireland, which was formerly AIB Investment Managers, has around EUR2 billion assets under management. AIB was sold to South African-listed financial group Prescient last year for EUR6.5 million.
11/14/2013
Old Mutual Sells Polish Unit
Old Mutual, Africa’s biggest insurance firm, on Tuesday said it had agreed to sell Skandia Poland to Vienna Insurance Group for an undisclosed sum.
11/14/2013
DC Advisory Set to Spin Out Spanish Business
The business formerly known as Atlas Capital, which was acquired by Close Brothers in 2008 and became a part of DC Advisory in 2009, is set to spin out by year end
11/13/2013
DeAWM, Harvest Global to launch first RQFII product in Europe
Less than two weeks after the unveiling of the first RQFII product in the US, Deutsche Asset & Wealth Management and Harvest Global Investments are preparing for a similar launch in Europe.
11/12/2013
Invesco Set to Bring on Fresh Legs
Unless you have spent the last month in a black hole you would not have failed to miss what was described by one commentator as the biggest news “ever” to grace the asset management industry
11/12/2013
Henderson wins Group of Year at InvestmentEurope Awards
Henderson Global Investors has won the Group of the Year category at the InvestmentEurope Fund Manager of the Year Awards, with Polar Capital taking Specialist Group of the Year.
11/12/2013
London Stock Exchange Profits Hit By LCH.Clearnet Acquisition Costs
London Stock Exchange Group PLC Wednesday said it has seen a fall in its half-year pretax profits, despite a 44% increase in revenue,
11/12/2013
Bolton Returns Three Times Benchmark With China Investment Trust
In net asset value terms, Bolton's trust gained 36.8 per cent over the year to September
11/11/2013
Hiring Discussions Pick up as SAC Prepares to Close London Office
SAC Capital Advisors' portfolio managers and analysts in London have held discussions with rival hedge funds including Moore Capital Management about moving to those firms as SAC prepares to close its office here,
11/11/2013
World’s Biggest Wealth Fund Told Return Target Raising Risk
Norway’s $800 billion oil fund is under pressure to show it can handle the risks associated with emerging markets as the world’s biggest sovereign wealth investor looks for ways to boost returns.