07/01/2012
In a strategy presentation to be given to analysts this week, John McFarlane, the recently appointed executive chairman, will reveal that of the 58 business divisions identified in the company, between 10 and 15 could be sold or wound down.
07/01/2012
Dutch lender ABN Amro Bank NV Monday said it has completed the sale of its commercial insurance unit to U.K.-based insurance broker Aon PLC for an undisclosed amount.
06/28/2012
Societe Generale Securities Services (SGSS) has been awarded the title of “Fund Administrator of the Year” for the second consecutive year at the Global Investor / ISF* Investment Excellence Awards, which were held in London on 28 June 2012.
06/28/2012
Swiss bank UBS on Thursday launched 64 new exchange traded funds on the London Stock Exchange to break the one-day launch record.
06/27/2012
Sipp provider, which is set to launch a discretionary portfolio management proposition, sees assets jump by a third.
06/26/2012
Separately, the equities portfolio was reduced to 59% from 74%, split between U.K. equities and global equities.
06/26/2012
Pamplona - headed by Alex Knaster, a former Alfa Bank Chief Executive - already owned just under 2 percent of UniCredit, a stake too small to be made public under Italian disclosure rules.
06/26/2012
Convictions AM, which currently manages EUR 628 million, wanted its portfolio managers to focus first and foremost on investment analysis and selection in order to adapt to challenging market conditions.
06/26/2012
Lyxor Asset Management has launched two new ’risk-balanced’ ETFs on NYSE Euronext Paris.
06/26/2012
Matt Feldmann, partner at Clifford Chance, believes that the AIFMD, which is scheduled for implementation in 2013, is the primary concern of most Asian asset managers for erasing Europe off their radar.
06/26/2012
Generation first appointed Northern Trust in 2005 to provide custody, investment operations outsourcing, fund accounting, transfer agency, performance measurement and client reporting across its fund range domiciled in Dublin and Delaware.
06/25/2012
The UCITS label enables asset managers to distribute UCITS funds in every member country of the European Union. It also offers guaranties of transparency, risk control and liquidity for investors.
06/25/2012
Hansainvest has chosen to adopt the whole range of the completely modular KIID services offered by SGSS
06/24/2012
How exotic? How about portfolios betting on Chinese companies embroiled in fraud probes? Or funds looking to arbitrage prices in the electricity market?
06/24/2012
Santander Asset Management is renaming seven multi-manager funds to reflect the IMA’s overhaul of its mixed-asset fund sectors.
06/24/2012
Guinness has a range of seven well-established funds and is keen to widen its profile among IFAs.
06/21/2012
This change means hedge funds have had to adapt to the new source of capital, and the demands associated with institutional investors — namely the need for a more robust operational infrastructure and thorough terms of due diligence.
06/21/2012
LaSalle said the park would bring in more tenants as a result of joining its portfolio of six UK science parks.
06/21/2012
Groupe Eurotunnel will be the first company to start trading on the NYSE Euronext London, from 19th July.
06/21/2012
Behind the glitz of the annual hedge fund shindig, the 500 or so financiers who made the trip privately confess their struggle to find winning strategies given unpredictable markets, fretting clients will lose faith and snatch back their money.