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.

07/24/2014

French Bank CDC Offers Samurai Bonds

Samurai issuance in 2014 so far is ¥1.66 trillion, not far short of the issuance for the whole of 2013, according to Dealogic. That is the highest on a year-to-date basis since 2008.

07/24/2014

ICE pumps $15 million into benchmark business

According to company filings, ICE Benchmark Administration received $13.5 million in funding from parent company ICE in 2013 and has received an additional $2.2 million so far this year.