02/22/2013
SS&C GlobeOp Forward Redemption Indicator up in February
"Year-to-date February redemption notices fall well below average over the index history," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
Alternative Investments
02/21/2013
Scottish Life launches six new investment funds
“Scottish Life selects funds which either increase coverage into new sectors or which have a strong track record of delivering competitive returns to provide real value."
02/21/2013
FundsNetwork concerned over rising clean fee costs
FundsNetwork would not be forcing advisers into clean share classes, though admittedly there was "a clear direction of travel," he added.
02/21/2013
Leading international legal practice advises on three fund-raisings in one day
The three funds are Greencoat UK Wind plc, TwentyFour Income Fund Ltd and NB Global Floating Rate Income Fund Ltd.
02/21/2013
Old Mutual to merge away Skandia UK Best Ideas
OMGI said the two funds represented "an area of overlap" in its fund range following the merger of Old Mutual Asset Managers and Skandia Investment Group into OMGI.
02/20/2013
ABN Amro Plans to Call Some Bonds as European Union Ban Expires
The EU rule blocking early repayment of ABN Amro capital instruments expires March 11
02/20/2013
Aegon distribution arms post £2m loss
Aegon’s distribution arms Origen and Positive Solutions have posted a combined loss of £2m for 2012
02/20/2013
BNP Paribas wins sub custody recognition in 22 markets
This marks the first industry recognition for sub custody in three markets for BNP Paribas – Australia, Brazil and India.
02/20/2013
M&G American and M&G Global Leaders removed from the Wealth 150
The M&G American Fund and M&G Global Leaders Fund have been removed from the Wealth 150 list of our favourite funds across the major sectors.
02/20/2013
Deutsche Boerse: Joint Venture Scoach Ending June 30
The venture, offering structured products in Switzerland and Germany, will be terminated
02/19/2013
Henderson Strategic Bond Fund removed from the Wealth 150
Over the past three years, conditions have generally been favourable for bond markets, but where there have been setbacks the fund has not offered as much shelter as we would expect.
02/19/2013
Standard Life leaves Bumi fight in balance
Standard Life’s decision comes a day after one of the Bakries’ allies unexpectedly sold a 10 per cent stake.
02/19/2013
Two new deputy chairmen and investor-appointee for AIMA council
The Alternative Investment Management Association (AIMA), the global hedge fund association, has announced two Deputy Chairmen from its existing Directors and also an investor-appointee to the AIMA Council.
02/19/2013
Canadian life insurer acquires Irish Life Group
This transaction reflects a major vote of confidence in Ireland and Irish Life
02/19/2013
RBS Looks to Sell Minority Stake in Branches Before Going Public
Offering one or more of the private equity firms a stake could improve the bank's chances of achieving the full sale
02/19/2013
Crispin Odey to launch multi-asset fund
Hedge fund guru slates multi-asset long-short fund for March launch.
02/18/2013
Aviva mandates Barclays to sell Turkish unit
Since the departure of chief executive Andrew Moss last year, Aviva pledged it would dramatically overhaul the company by focusing on fewer businesses and shedding those that have high losses and high claims.
02/18/2013
City of London forges stronger financial ties with the DIFC
Dubai International Financial Centre received the Lord Mayor of the City of London
02/18/2013
BNP Paribas mandated by AG Insurance for global custody services
This will not only ensure the safekeeping of assets, and the appropriate post-trade services, but will also ensure that the client is fully compliant in the environment it operates in.
02/18/2013
LGT Capital Partners Closes on CGS III at $2bn
The program’s investor base consists of more than 80 institutions and includes sovereign wealth funds