08/22/2012
Generali looks to sell U.S. reinsurance arm
"Citigroup has been mandated for a possible sale of the U.S. assets," a source close to the matter said.
Alternative Investments
08/21/2012
Why process is the key to tackling financial crime
Regulators across the globe have identified Firms who have failed to comply with relevant rules, as opposed to those who have actually enabled any form of financial crime to take place.
08/21/2012
Hedge funds are a 'limited' risk, says FSA
Hedge funds pose little risk to the banking and wider financial system, according to an industry survey by the Financial Services Authority.
08/21/2012
Gatehouse Bank buys $52m UK retail asset
The sharia-compliant investment bank bought the 107,000 sq ft building for £33.4m from accountancy firm KPMG, receiver to a failed Irish property company.
08/21/2012
SocGen Germany leasing unit on the block -report
French bank Societe Generale , which recently agreed the sale of its U.S. asset management unit TCW, is now looking to sell its substantially smaller German leasing unit, called Pema, financial newsletter Agefi reported on Tuesday.
08/20/2012
SS&C GlobeOp Forward Redemption Indicator: August notifications 3.34%
"Forward redemptions increased in August which is typical as we approach quarter end but redemption notices remained at moderate levels indicating continued investor satisfaction with alternatives," said Bill Stone, Chairman and Chief Executive
08/20/2012
Manchester United: George Soros invests in football club
Mr Soros' investment fund bought about 3.1 million Class A shares in the club, according to the Securities and Exchange Commission.
08/19/2012
Fears for corporate bond investors
The problem seems to be, according to the Financial Services Authority, one of liquidity.
08/19/2012
Barclays Stockbrokers reveals the top 20 funds purchases
Barclays Stockbrokers has revealed the top 20 funds purchased by clients through its revamped Funds Market during July 2012 – a busy month for its funds investors which saw a 110% increase in fund investments compared to the previous month and a 51%
08/19/2012
London Central: A Bubble about to Burst?
“Central London property: a bubble about to burst” seems to be the headline of the moment.
08/16/2012
ICAP unveils shake-up of broking activities
The division will change its name from "Voice" to "Global Broking" and will be run by EMEA chief David Casterton.
08/16/2012
Saltus Fund Management acquires Montague Capital
According to Saltus, the move will allow it to significantly broaden its current product offering, with Montague clients set to benefit from additional investment research.
08/16/2012
Investec to rebrand managed distribution fund
Head of multi-asset Philip Saunders says the fund will be similar to the £25m Investec Diversified Growth fund, with more input from the bond team.
08/16/2012
Jon Corzine, Ex-MF Global CEO, Is Considering Starting A Hedge Fund
That's right. Corzine, the former CEO of now-bankrupt MF Global, the company that lost hundred of million of dollars in customers funds, is mulling starting a hedge fund, The New York Times reports, citing “people with knowledge of his plans.
08/15/2012
Danske Pension Arm Snaps Up Italian Bonds in Yield Search
Danica, which had investment assets of about $50 billion at the end of June, holds about 7.2 billion kroner ($1.2 billion) in mostly Italian short-term notes and some Spanish debt, according to Peter Lindegaard, the chief investment officer at the pension
08/15/2012
British city launches own currency
Hundreds of businesses have joined, from the acclaimed Arnolfini arts centre to the Chandos deli chain, and the launch had to be postponed from May to September 19 because of the level of interest.
08/14/2012
EU hedge funds face pay threat
There is increasing industry alarm that draft guidance on how to implement the law could see restrictions such as bonus deferrals and clawbacks, which are already enforced in the banking sector, imposed on a wider range of big funds than first thought.
08/14/2012
Saltus Fund Management acquires Montague Capital
Saltus will provide investment management services to Montague as part of a transitional agreement, during which time Montague clients will be invited to move across to Saltus.
08/14/2012
Liontrust moves to retain fund manager talent
Shareholders will vote at Liontrust’s September annual general meeting regarding whether or not to expand the current incentive scheme, introduced in January 2011, by 1.9m shares, in order to “closely align their interests with those of shareh
08/14/2012
Standard Life profits rise as UK strength offsets Canadian weakness
In half-year results, Standard Life revealed that group operating profits before tax rose to £302m in the six months to June 30 from £262m in the same period last year. Assets under administration climbed to £204.2bn from £198.4bn