11/24/2013
Spain's 'bad bank' sells loan bundle to Bank of America - sources
The U.S. bank bought two loans to troubled property company Metrovacesa.
Alternative Investments
11/21/2013
Generali continues to focus on capital strengthening-spokesman
The Italian government launched on Thursday a privatisation plan with which it aims to raise 10 to 12 billion euros.
11/20/2013
Norway Wealth Fund Joins Axa Unit to Purchase Munich’s SZ Tower
The manager of Norway’s sovereign-wealth fund, the world’s largest, and a unit of Axa Real Estate Investment Managers plan to buy Munich’s SZ Tower.
11/20/2013
Bitcoin Accepted for Tuition Payments
The University of Nicosia said on Thursday it became the first accredited university in the world to accept the digital currency Bitcoin for tuition and other fees.
11/19/2013
Standard Life Investments UK Property PAIF Joins Transact Platform
The Transact platform is one of the few which has the functionality to support the PAIF structure which enables tax exempt investors to receive income from the fund gross of the 20% corporation tax previously applied to income.
11/19/2013
Morningstar OBSR Global Fund Ratings
The fund previously held a Silver Rating. Mr French founded the investment philosophy on which the fund was based and he had managed the fund since its inception in 2000.
11/19/2013
JOHCM Plans US Launches For Next Leg of Business Expansion
Chief executive Gavin Rochussen said JOHCM is planning to add at least two new US teams over time.
11/19/2013
Petercam registers Luxembourg Sicavs in Italy
The funds have been available also for private clients since 19 November 2013.
11/18/2013
Mini-bonds: Security over assets proves a winner with Energy Bonds investors
“Energy Bonds represent an excellent opportunity to make a socially responsible investment in new green energy projects, and to build a greener, cleaner future - for all of us.”
11/18/2013
IFG reports ‘steady’ performance
Financial services group IFG said its Irish business is delivering “steady performance” despite difficult trading conditions, with the corporate pensions division achieving good growth.
11/18/2013
IMA Warns Bond Managers Over Non-Core Allocations
According to sources, the trade body has told managers who hold over 20% in cash and certain other securities they risk ejection from the sector.
11/18/2013
Schroder Real Estate Investment Trust NAV Rises, Dividend Cut
Schroder Real Estate Investment Trust Limited Tuesday reported a slight increase in net asset value per share over the course of the half year
11/18/2013
Woodford's income funds see £500m more outflows in October
Investors in Invesco Perpetual's flagship income funds withdrew over £500 million in the weeks that followed the announcement that star manager Neil Woodford is to depart.
11/17/2013
Aberdeen buys Scottish Widows from Lloyds for $1 billion
As part of the transaction, the Group will enter into a long-term strategic asset management relationship, whereby Aberdeen will manage assets on behalf of the Group.
11/17/2013
France Smart Beta manager Ossiam To Double Aum This Year
Paris-based Ossiam has crossed the €1 billion thresh-hold in assets under management with three-quarters of that in smart beta exchange-traded funds.
11/17/2013
Hedgie takes major stake in WH Ireland turnaround
Gate bought almost 1.3 million shares in the business, worth nearly £900,000.
11/16/2013
Vienna Insurance Group extends presence in Poland
It is agreed not to disclose the purchase price
11/16/2013
Credit Suisse Sets Up New Fixed-Income Group After Bond Job Cuts
Bradbery confirmed nearly all the affected staff have already been informed about these redundancies
11/15/2013
Hedge funds in emerging Asia, Middle East, Russia lead Q3 gains
Emerging Markets hedge funds extended year-to-date (YTD) performance gains in the third quarter as local equity and currency markets posted a strong recovery on a continuation of the US Federal Reserve stimulus measures, according to the latest HFR Emergi
11/15/2013
Irish Davy Group acquires Prescient for EUR2 billion
Investment firm Prescient Ireland, which was formerly AIB Investment Managers, has around EUR2 billion assets under management. AIB was sold to South African-listed financial group Prescient last year for EUR6.5 million.