06/30/2013
AXA acquires Grand Hotel Krasnapolsky in Amsterdam
In the centre of Amsterdam, from NH Hoteles SA for € 157 million on behalf of a European and an Asian client.
Alternative Investments
06/30/2013
TFI’s Shariah JV fund acquires properties in UK
The fund invests in income-generating property in the distribution, logistics and light-industrial sector of the UK
06/30/2013
City Financial Fund moves onto Cofunds
CF Eden UK Select Opportunities Fund renamed City Financial UK Select Opportunities Fund
06/30/2013
Polar Capital raises £153m for Global Financials Trust
"This is evidence of further delivery of our strategy of launching additional investment driven products from our existing teams and further diversifies our offering to our investors in our funds,"
06/30/2013
BlackRock completes acquisition of Credit Suisse's ETF business
Investors will benefit from a broad range of Swiss domiciled products, which include assets of $8.1bn across equities, fixed income and gold.
06/30/2013
BlackRock launches first Asia equities fund for UK investors
The BlackRock Asia Fund is designed to replicate the successful investment strategy of the offshore BGF Asian Dragon Fund,
06/28/2013
Moulton begins raising £250m to bolster fund
Veteran investor Jon Moulton has begun raising as much as £250m to fund new distressed investments through Better Capital, his listed private equity firm.
06/26/2013
UBS Quant HQ offers Riskbot Risk Management Platform to clients
HPR created “Riskbot” in response to latency issues plaguing the market.
06/26/2013
Moscow exchange launches first precious metals trading
The stock exchange is going to start trading gold and silver by the end of this year, and platinum and palladium in 2014.
06/25/2013
BNP Paribas Securities Services unveils collateral management offering
BNP Paribas Securities Services boosts its collateral management solution by launching Collateral Access
06/25/2013
L&G acquires closed annuity firm in £151m deal
Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.
06/25/2013
Henderson delays £4m trail to advisers over RDR audit
There are certain types of new business where it is still permissible to receive commission such as execution-only or offshore business
06/24/2013
Wealth management firm published its biannual RedZone list
The latest Chelsea RedZone is now available. It highlights the worst performing funds over the last three years. Want to check if any of your funds are included?
06/24/2013
BNP Paribas launches interactive data solution
This offer is in line with the bank’s strategy, which consists in enhancing its global client communications solutions; and it is currently active in Italy and global expansion is planned.
06/24/2013
Novia sees AUM grow to £1.42bn
Wrap platform says combination of low interest rates and increasing returns from equities is persuading investors to return to the market.
06/24/2013
Northern Trust Develops Index Methodology to Highlight Benefits of Tax-Transparent Fund Structures
The Tax Transparent Markets Index (TTM) index, powered by Thomson Reuters, compares the after-tax performance of investments in tax-efficient contractual funds versus those in non-tax transparent fund structures for U.S.
06/23/2013
Kipco units buy stake Malta’s bank
Kipco didn’t disclose the value of the deal or the name of the seller in a statement posted on the Kuwait bourse website.
06/23/2013
Frostrow Capital to become an AIFM
This will considerably broaden its service offering to the Investment Company sector and enhance the corporate management and marketing services that it provides to its clients.
06/23/2013
Axa adds 850 clean share classes to Elevate platform
This latest addition takes the total number of clean share classes available to 2,500, following Axa's decision to add 1,000 in March.
06/23/2013
Standard Life Investments launches second GEM fund
The new fund will complement the EMD OEIC fund launched by Standard Life Investments in October last year.