03/21/2018
Aberdeen Standard Investments to run £3.7bn Virgin assets and take 50% stake in unit trust business
Strategic joint venture
Alternative Investments
03/21/2018
US fund giant Federated seals £400m Hermes takeover
The fund manager established by BT’s pension scheme is “within days” of a sale to New York-listed Federated, Sky News understands.
03/21/2018
LCM Partners and Brookfield Asset Management enter into strategic partnership
“With its highly complementary areas of investment expertise, global network spanning 100 offices in over 30 countries, strong distribution and capital strength, we are convinced that Brookfield is our ideal strategic partner."
03/21/2018
Catella Asset Management Iberia Exceeds EUR 200 Million in Assets Under Management
Within its first two years of operations, Catella AM has completed ten transactions in the Spanish market.
03/19/2018
Willis Towers Watson’s delegated investment business’ AUM tops $100 billion mark
The company also points out that it continues to expand its staffing and technology investments to support the growing demand for its delegated services.
03/19/2018
Miton enjoys turnaround in 2017 as net inflows jump to nearly £500m
Renewed demand for equity and multi-asset funds
03/16/2018
Russian billionaire eyes Saudi Arabia for Renaissance growth
Mikhail Prokhorov's Renaissance Capital looks to broaden its shareholder base as it plans to expand into new markets
03/16/2018
Sanlam FOUR Strategic Bond Fund leads the pack at Thomson Reuters Lipper Fund Awards
The fund invests in attractively priced bonds in the investment grade and higher quality section of the sub-investment grade, with the core investments being supplemented with a dynamic overlay strategy to enhance portfolio total returns.
03/16/2018
KBC completes acquisition of MetLife’s 40% stake in UBB-MetLife joint venture (Bulgaria)
The deal was announced on 29 December 2017 and received regulatory approval on 9 March 2018.
03/16/2018
Ethical investor: Mainstream funds are now going green
Investors ploughed more than £1 billion into ethical funds last year, the highest annual inflow ever recorded, according to figures published by the Investment Association.
03/16/2018
Bridges to raise $75m impact fund for Israel investment
Sir Ronald Cohen was one of the founders of the fund, which has an overall goal of aiding disadvantaged groups and narrowing social gaps.
03/16/2018
Nordic Capital buys Swedish online banking payments firm
Several deals in the sector have been announced over the past year, including private equity group Permira’s investment in Sweden’s Klarna and a private equity bid for Paysafe Group.
03/15/2018
Cost reductions and life boost results at Generali
It said this was largely due to €416 million in natural catastrophe claims that mainly came from the US hurricanes and the storms that swept Central Europe as well as by the lower contribution of investment returns in a low interest rate environment.
03/15/2018
Och-Ziff to Shut European Hedge Fund as New CEO Shifts Focus
Och-Ziff is also weighing returning capital to investors in other smaller funds.
03/15/2018
Giant pension firm caps exit penalties for young savers
Old Mutual Wealth has set aside £69m to cover the cost of capping early encashment charges at 5pc for under-55s and refunding all exit penalties of over 5pc levied on policies since 1 January 2009.
03/15/2018
Munich Re posts €476m loss in P&C reinsurance in 2017
The combined ratio for 2017 deteriorated to 114.1 percent in 2017 from 95.7 percent in the previous year.
03/15/2018
Winton Capital registers as AIFM in Ireland - filing
A source with direct knowledge of Winton’s Irish move said it was part of the company’s Brexit planning. A spokesman for Winton declined to comment when contacted by Reuters.
03/15/2018
Zurich Int’l Life rolls out online portfolio management tool
“With this new functionality, customers can keep up-to-date with their investments and be empowered to actively manage where their money is being invested to ensure their investments are on track.”
03/14/2018
Global property investment hits record high thanks to Asian spending spree
On an annual basis, the amount of money spent on property across the world increased by almost 13.3pc, with Asian investors in particular increasing their exposure to most markets.
03/14/2018
JTC lists on London Stock Exchange
The initial public offering will provide us with access to the capital markets, as we look to deliver future growth, both organically and through our targeted acquisition strategy in a sector which we view as ripe for consolidation.