07/30/2014

JOHCM plans multi-asset launch after pension reforms

JOHCM’s offering is limited to equity funds at present, but CEO Gavin Rochussen told Investment Week the group wants to respond to demand for solutions for retirees seeking income by potentially launching a multi-asset range.

07/28/2014

Wells Fargo AM funds available on Italy's Fundstore

Wells Fargo Asset Management has chosen Fundstore.it, the online platform of Banca Ifigest, to distribute its Sicav sub-funds of the Wells Fargo (Lux) Worldwide Fund for the first time online in Italy.

07/27/2014

Luqman Arnold launches advisory business

The company will advise corporates, policy makers and entrepreneurs on strategy across areas including capital raising, corporate finance, mergers and acquisitions.

07/25/2014

Institutions on hunt for RMB assets, says Deutsche

Deutsche Asset & Wealth Management, the asset manager with 934 billion euros in AUM, expects demand from institutional investors for RMB allocations to grow amid continuing internationalisation of the currency.

07/25/2014

China trust suspended after manager goes AWOL

Trading in the £66 million ARC Capital fund, which counts Rathbones among its shareholders, has been suspended amid a breakdown in communication between its investment manager and board.

07/25/2014

Virgin Money completes payment for Northern Rock

HM Treasury also received £150m of Tier 1 capital notes, essentially taking a share in the company, on completion of the deal. Virgin Money is now purchasing these notes back from the Government at the appreciated value of £154.5m.