02/26/2015
Wells Fargo brings veteran's top US equity strategy to UK
The investment approach for the U.S. Select Equity Fund, a new sub-fund for the Luxembourg-domiciled Wells Fargo (Lux) Worldwide Fund, is a style-neutral, all-cap strategy.
Alternative Investments
02/25/2015
Legg Mason in takeover talks with non-US targets
Legg Mason's chief executive Joe Sullivan said the firm is in talks to buy two businesses that are both not based in the US.
02/25/2015
Aberdeen Asset Management to sponsor famous north-east festival
Organisers of a popular north-east boating festival have been given a boost after a securing a major sponsor for this year’s event
02/25/2015
Woodford Patient Capital Trust opens to investment
Investors can now subscribe for shares in Neil Woodford's new investment trust, which aims to return 10pc per year
02/25/2015
ICE Futures scoops prop chief to head rates biz
He joins the firm in a newly created role.
02/24/2015
Deutsche AWM launches ETF with exposure to GCC equities
Deutsche Asset & Wealth Management (Deutsche AWM) has listed Europe’s first ETF to provide equity exposure to Middle Eastern Gulf States, including Saudi Arabia.
02/24/2015
Halcyon and Guggenheim Partners launch UCITs fund
The Fund will offer weekly liquidity and will launch with more than USD40 million in capital.
02/24/2015
Omni Capital launches new intermediary sales hub
Omni Capital has unveiled a new-look intermediary-facing sales hub.
02/24/2015
Swiss managers’ 2015 outlook for hedge fund investments
This proved beneficial to equity market neutral funds, for example, and multi-strategy funds.
02/24/2015
German Fidor Bank Brings Bitcoin to Mainstream Banking, Expands Overseas
The new option addresses the delays involved in exchange transactions.
02/23/2015
Ascentric boss: independent wraps will suffer from pricing pressure
He was formerly chief executive of Royal London CIS, the Co-op’s life insurance business, which the mutual acquired in July 2013.
02/23/2015
Boutique manager: time to capitalise on Italy’s banking shake-up
It follows Prime Minister Matteo Renzi announcing plans for the banks – known as popolari – to change their governance rules and become joint stock companies over the next year and a half.
02/22/2015
MidEast investors lined up for $500m Madame Tussaud's building
Real estate agency CBRE was in the Middle East last week meeting potential buyers for the London building contains the Madame Tussaud’s waxwork museum, which is on the market for more than $500 million.
02/22/2015
Singapore's Temasek said partner in AXA RE's £300m London buy
Singapore sovereign wealth fund Temasek is reported to be the main partner of Paris-based AXA Real Estate in buying the stalled Pinnacle development in London for £300m
02/20/2015
Tories blasted by Labour over donations from hedge fund firms totalling nearly £2million
Almost £2 million Tory donations came from hedge fund donors
02/20/2015
Sumitomo Mitsui Trust Deepens Ties With U.K.’s Man Group
Sumitomo Mitsui Trust Holdings Inc., Japan’s fourth-biggest bank by market value, said it formed an alliance with Man Group Plc to offer the U.K. hedge fund manager’s products to clients
02/20/2015
Man Group to Buy London-Based Investment Manager
The British hedge fund company Man Group continued its recent spending spree on Friday, reaching a conditional agreement to acquire the investment management business of NewSmith
02/20/2015
Legal & General, Schroders in 200 million pound Bracknell regeneration
The development will contain 580,000 square feet of new retail and leisure space
02/20/2015
Natixis Global Asset Management in talks to acquire DNCA
This projected acquisition was presented to Natixis Global Asset Management’s representative bodies on Wednesday, 18 February.
02/19/2015
Guinness to shut 0.25% share class on Global Equity Income fund
Guinness Asset Management, headed by Tim Guinness, is to close the 'early investor' share class on its Global Equity Income fund