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UK boutique unveils emerging market equity fund

London-based Blackfriars Asset Management has formally launched a high-conviction emerging and frontier market equity fund

Yes Bank leads race for Deutsche's Indian fund arm -sources

The deal, which the sources estimated at nearly 2 billion rupees ($32.5 million), is coming at a time of optimism in Indian markets after a surprise interest rate cut and hopes of reform ahead of the government's maiden budget next month.

These five hedge funds have been hiring already in 2015

Investment banks’ traders escaped to hedge funds throughout 2014, and this trend appears to be continuing this year.

Towers Watson launches independent UK DC master trust

Fiona Matthews appointed to lead the programme. Donald Brydon CBE appointed chairman of the board of trustees

RBS partners with peer-to-business lenders for SME lending

The 80 per cent state-backed bank said the partnership will see it refer customers who don't fall within the banks “current risk appetite”

Hedge fund criticizes DuPont, nominates four directors

Trian Fund Management has raised the stakes in its campaign against DuPont’s management, nominating four directors to the DuPont board and criticizing the board’s performance.

First Property Group awarded BAE pension fund mandate

BAE’s Shipbuilding Industries Pension Scheme has given First Property Group an initial £125m to invest in UK real estate.

Russian firms divided on Asian investor targeting

Moscow Exchange reforms limit outflow of western funds

Old Mutual brings Greater China fund in-house

The fund had been run on a sub-advised basis by Australian-based firm Metisq Capital since 2012, but Old Mutual has now decided to run the fund itself.

Unigestion launches innovative macro risk-based multi-asset fund

The fund starts off with a risk-diversified allocation to a large set of traditional (global developed and emerging equities, sovereign bonds, credit and commodities) and alternative (carry, momentum) risk premia.

One Chapel Place sold to client of Jeremy Titchen

The building is fully let with tenants including Johnson & Johnson Innovation Centre and Carter Jones.

Traders pay price for Swiss franc move

Unexpected end to cap on franc disaster for some.

Aberdeen under pressure for poor equity performance

The table shows that of the 15 Aberdeen UK-domiciled open-ended equity funds with a comparable Investment Association sector, 13 have underperformed in the past three years.

Newton to expand multi-asset range with monthly income fund

Newton Investment Management is combining the strategies of two existing funds in its range to launch a Multi-Asset Income fund on 4 February

Generali buys out Czech group from its CEE holding

A decision on terminating the partnership was made in January 2013 and the buyout by Generali was completed in two steps.

Aviva Could Cut Up To 1,500 Jobs Under Friends Life Acquisition

The company said the precise nature of the jobs to be cut is yet to be determined.

Bank debt issuance doubles to record levels

Volumes of loss-absorbing bonds, which are subordinated to safer, “senior” bonds in a bank’s capital hierarchy, have been buoyed by voracious investor appetite for yield, pushing bank funding costs down to historic lows.

Terry Smith to share £10.6m windfall as Fundsmith quadruples profits

Fundsmith now has £3bn of assets under management

Bitcoin is threat to sterling and may aid terrorists, warn banks

The UK’s biggest banks are questioning how Bitcoin and other virtual currencies are monitored

Warnings of Russian Financial Crisis Spread as Banks Start Failing

The warning from Gref, a former Minister for Economic Development and a prominent economic liberal, is not the only prediction of approaching stress for the country's financial system.

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