10/17/2014
Former Conversus execs kickstart first project
Two former Conversus Capital executives that launched a specialist advisory firm have laid the groundwork for their first project.
Alternative Investments
10/17/2014
F&C Commercial Property Trust Secures Refinancing From L&G
The L&G facility will entitle the group to draw down up to GBP260 million to finance the repayments.
10/17/2014
Sick of pensions: Welsh dairy farmers become fund managers of multi-million Swedish property empire
The trio felt they could do better than poor value returns served up by pension companies
10/17/2014
SLI tops Investment Adviser 100 Club Awards
The awards come in what has been a busy year for the group, which recently acquired rival fund group Ignis.
10/17/2014
Westminster replaces BNY Mellon as custodian after joint tender with London fund
One of London’s local authority schemes has dropped custodian BNY Mellon in favour of Northern Trust, marking further gains for the company on the back of a national procurement framework. The £964m (€1.2bn) City of Westminster Superannu
10/17/2014
Cofunds extends Pension Account to self-directed investors
Cofunds has extended its Cofunds Pension Account to self-directed investors to meet a growing need in current market conditions that has developed over the last few years.
10/16/2014
LME wins bid for provision of London Platinum and Palladium Prices
The London Metal Exchange (LME) today announces its appointment by the London Platinum and Palladium Fixing Company Limited (LPPFCL) to be the new provider of London Platinum and Palladium Prices.
10/15/2014
The Securities Commission of The Bahamas signs agreement with French regulator
The Securities Commission of The Bahamas has signed an agreement to allow alternative investment fund managers to market or to perform fund management activities in markets supervised by co-signatory European securities regulators.
10/15/2014
GLG Said to Pick Mason to Manage European Equity Hedge Fund
GLG’s European Long-Short Fund is down 6.4 percent so far this year after rising more than 7 percent in 2013.
10/15/2014
UK opens sovereign offshore renminbi market
The United Kingdom priced the first non-Chinese sovereign offshore renminbi bond on Tuesday, in a move that points to the currency's growing global appeal and the UK's desire for London to be the major offshore renminbi hub.
10/15/2014
Hargreaves shelves bank plans but eyes your cash
While around £4 billion of Hargreaves Lansdown's £47 billion assets are in cash, that is made up of pensions being drawn down and money yet to be invested, generating little in the way of interest.
10/15/2014
Nicola Horlick: Heard of crowdfunding? Entrepreneurs certainly have
Seventy-five entrepreneurs met in Sheffield this week at an event organized by law firm Irwin Mitchell.
10/15/2014
Gibraltar to launch its first stock exchange next month
In a statement, GSX said it has already received "keen interest" from a number of applicants.
10/15/2014
Biggest German Public Pension Likes Buyout, Hedge Funds
Germany’s biggest public pension fund plans to invest more in private equity and hedge funds and reduce its bond holdings as low interest rates curb returns.
10/14/2014
Is now a good time to buy French property?
One minute briefing: Record low mortgage rates are drawing investors in, but are prices still too high? Read our briefing and vote in the poll
10/14/2014
Clearstream opens office in Cork to boost hedge fund processing business
Clearstream is opening its new office in Cork, Ireland this week, following the company’s acquisition of Citco’s hedge fund sub-custody business for financial institutions in April 2014.
10/13/2014
Malta’s PIF regime proves popular with non-EU managers
They did a great job
10/13/2014
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
10/13/2014
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
10/13/2014
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.