07/02/2018
German group takes on 11 funds from Universal-Investment
The two German groups have had a longstanding partnership, which began in 1997 with the launch of the Acatis Aktien Global fund.
Alternative Investments
07/02/2018
Intertrust Ireland to create up to 60 new jobs in financial services
Mary Buckley, executive director of IDA Ireland, called Intertrust’s decision to expand its operations here a “notable endorsement” of the Republic’s financial services business.
06/29/2018
DWS to transfer fund administration unit to BNP Paribas Securities Services
As part of the mandate, DWS will transfer its fund administration unit, which is predominantly based in Germany, to BNP Paribas Securities Services
06/29/2018
Advisers join asset manager KID reform push
The clock is ticking painfully slowly, and time is of the essence as investors are currently presented with misleading information.
06/29/2018
Asset managers failing at plain English.
“The regulator’s role is to ensure that fund managers are not misleading or lying, and that their messages are appropriate and proportionate for the audience, but that doesn’t stretch to policing how they write it,” Caridade-Ferrei
06/28/2018
Santander AM unveils total return fund for new recruit
The pair were assigned to the multi-manager team under Vaughan.
06/28/2018
Generali to start exclusive talks to sell German life book to Viridium - source
Italy’s biggest insurer is expected to sell its German Generali Leben unit, which is in a “run-off” process honoring existing policies but not issuing new ones, for about 900 million to 1 billion euros, people close to the matter have sa
06/28/2018
Tavistock turns maiden profit after restructure
The results exclude advice from the Financial Limited network that Tavistock acquired but then sold to Sanlam last year.
06/28/2018
Baillie Gifford waives £700k fee to poach Schroders trust
The name of the trust will change to the Baillie Gifford UK Growth fund and it will be managed by Iain McCombie and Milena Mileva.
06/27/2018
Woodbrook and Felictas Management groups to merge following green light from regulator
The merger is part of the Woodbrook Group's international expansion plan and is the product of months of work to make the newly formed company a "dynamic force in the provision of investment advice and opportunities."
06/27/2018
Hundreds of new jobs to be created in financial services
“The new jobs to be recruited over the next five years will generate over £15 million in additional annual salaries for the local economy.”
06/27/2018
Openwork: we still have 'faith' in Neil Woodford
mnis has attracted over £6 billion in assets and the Omnis Income and Growth fund run by Woodford has attracted £386 million.
06/27/2018
Invesco launches fixed income ‘CoCo’ ETF
In May, US firm WisdomTree launched what it claimed to be the first ETF to access the $170 billion (€144 billion) market in contingent convertible bonds related to European banks’ AT1 bank debt.
06/27/2018
LSEG Acquires Minority Stake in AcadiaSoft
LSEG completes acquisition of circa 16% minority stake in AcadiaSoft
06/27/2018
Bob Diamond joins Rothschild group in Kepler Cheuvreux bet
Former Barclays chief makes move to seek profit from Mifid II upheaval
06/27/2018
Cambridge University throws weight behind impact investing
The commitment is a response to a report from the university’s divestment working group (DWG), set up by the Council in May 2017 to consider the question of divestment from businesses involved in fossil fuel extraction.
06/27/2018
Liontrust Asset Management Hikes Dividend After Rise In Profits
The company's net inflows for the year increased to GBP1.00 billion from GBP482 million.
06/26/2018
TowerBrook wraps up two funds at a total of $5.3 bln
In February 2013, the firm closed its fourth PE fund at a hard cap of $3.5 billion
06/26/2018
Old Mutual Returns to Africa as Breakup Ends London Listing
Shares open trading at 28.50 rand in Johannesburg comeback
06/26/2018
Stratford office projects sold to DWS for £240m
David Joy, chief executive of LCR, said: "Today’s announcement marks another important milestone for International Quarter London, Stratford’s new employment hub."