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Hermes promises return to profitability this year

It has spent large sums on recruiting portfolio managers and sales staff

Aite Group predicts that the dawn of the FX TCA industry has just arrived

Aite Group conducted a survey with a representative sample of buy-side FX TCA customers around the globe regarding their views on the quality of FX TCA tools available as well as their outlook on the current state of the FX TCA industry.

ING cuts bank loan losses as insurance sale gets go-ahead

Dutch financial group ING ING.AS cut loan losses faster than expected in the first quarter and gained regulatory approval for the sale of its insurance business, taking the sting out of weaker-than-expected underlying earnings.

UBS Wealth Management profits up

UBS delivered a solid first-quarter performance despite a volatile operating environment. Every one of UBS's business divisions and regions was profitable, reflecting the firm's successful strategy and the strong positions it has created both fr

Antwerp Diamond Bank's Profit -31%, Interest Income +13%

ADB confirmed a capital adequacy ratio of 11.29 percent during the year

Ignis’ £1bn property fund becomes latest to convert to PAIF

Ignis' move follows the recent conversion of L&G’s £1bn property fund

Cote d'Ivoire hires for US dollar bond- sources

The bonds would represent the West African nation's first venture into the international capital markets

Investment firms boosting profits at expense of customers who die

Hargreaves Lansdown among firms charging heavy fees for probate valuations

European funds cut bond holdings to three-year low

European fund managers cut bond holdings to their lowest in nearly three years and boosted equities as expectations grew that a brighter economic outlook would eventually lead to higher interest rates

Insurance market presents rebuild opportunity for Henderson

Henderson Global Investors has enjoyed sustained growth in its total assets under management in recent years, but while the growth in the retail business has been impressive, that in its institutional arm has been less so.

Citigroup Wins Business of Norway's Giant Wealth Fund

While the loss of Norway's oil fund as a client is a disappointment, the bank hopes to win at least two similar- sized mandates in the near future.

Dutch pension fund major APG forms $300M venture with Xander to buy office properties in India

Two years ago APG inked a similar venture in partnership with Godrej Properties and others for residential properties.

EquityBridge Asset Management funds two Union Hanover transactions

EBAM also provided the acquisition finance for Union Hanover’s forward funding

Alix Capital creates fixed income index for Aurelys SA China’s interbank bond market opens up for UCITS asset managers

Schroders has confirmed the launch of a new externally-managed fund on its GAIA platform Schroder Paulson Merger Arbitrge, subject to regulatory approval.

Profits surge at Rising Star's commodities hedge fund

The firm’s chief operating officer who was previously a partner at Camargue Capital Management. The firm gained UK regulatory authorisation in June 2012 and launched its energy hedge fund on July 1.

Invesco CEO shoots down analyst fears over Woodford competition

Flanagan acknowledged the decision by St James's Place to withdraw almost £8bn

Standard Life annuity sales hit by Budget

Standard Life chief executive Davis Nish says he is all for the reforms to regulations on annuities

Online broker to exit Britain

Said in its first-quarter results statement that its Selftrade online brokerage in Britain had signed an exclusivity letter with Equiniti Group for the transfer of Selftrade's client portfolio this year.

KfW joins renminbi bond fray with first Frankfurt-listed deal

KfW may have sold the first Frankfurt-listed Chinese renminbi bond this week, but some market watchers say the Triple A rated issuer’s new sale is a long way off from providing the impetus for a larger shift in Dim Sum market dynamics.

Goldman Sachs, Lazard Defend Advice in Royal Mail Share Sale

Investment bank had no role in allocating Royal Mail shares to its asset management unit

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