12/24/2013
James Hay parent rejects takeover bid
In a stock exchange announcement today, IFG confirmed that “due to the highly conditional nature of this proposal” it will not be continuing talks with the bidder.
Alternative Investments
12/23/2013
Buxton & Cowley team up for Old Mutual multi-asset range
This will be a unique product which will aim to capture many of the strengths of OMGI’s full team
12/19/2013
Good year for Odey after fund turnover drives handsome profit
Odey Asset Management, the hedge fund managed by seasoned stock picker Crispin Odey, doubled profits last year after performance fees soared
12/19/2013
Small is beautiful as Chinese investor unveils £10m plan for micro apartments
Miler is a a company set up by Hong Kong businessmen Dr Francis Liu and Man Wai Chan to deliver the scheme which will see the upper floors of the site converted into 163 G-Suite apartments.
12/19/2013
Old Mutual to launch three multi-asset funds
Old Mutual Global Investors will launch a multi-asset range of funds in February next year.
12/19/2013
BNP Paribas' Polish business halts preparation for share issue
The Polish unit of French bank BNP Paribas has suspended preparation for as share issue due to the French bank's plan to take over BGZ
12/18/2013
Hiscox merges UK and Europe businesses
Move sees a raft of internal promotions including Steve Langan who will head up Hiscox UK and Europe
12/18/2013
Braveheart Swings To Loss On Envestors Sale
Braveheart made a GBP845,000 pretax loss for the six months ended September 30, compared with a GBP67,000 pretax profit for the corresponding period the year prior.
12/18/2013
Mercia launches third growth fund
Mercia Growth Fund 3 follows two previous funds which invested in medtech, gaming, telecoms and e-commerce sectors.
12/18/2013
Gibraltar Gov’t approves plans for new ‘locally-owned’ community bank
The Gibraltar Government has approved plans for a new “credit institution” that is seen as filling a need in the marketplace that was made more urgent by Barclays' recent announcement of plans to reduce its Gibraltar presence.
12/16/2013
Russian Bank Looks to Create New Digital Currency to Compete in Bitcoin Market
The growing number of major banks seeking to profit from the Bitcoin phenomenon is escalating around the world.
12/16/2013
Bitcoin clones set to kill digital currency?
Citibank’s analyst believes that the market is likely to end up with a plethora of “bitcoin lookalikes with little to choose between them, so pricing becomes very difficult.
12/16/2013
Deutsche, Harvest ready London RQFII ETF
Deutsche Asset & Wealth Management and Harvest Global Investments plan to list the exchange-traded fund in Europe, initially in London
12/16/2013
Nordea Adds Four Funds To Sicav Range
Nordea Asset Management has launched two bond funds and two emerging market equity funds in its Nordea 1 Sicav range.
12/16/2013
Redington wins advisory mandate from St James’s Place
Redington, mainly an institutional adviser, was voted top consultant in this year’s Financial News Awards for Excellence.
12/16/2013
Lombard Odier in fresh assault on UK retail market
Nine of its Luxembourg-based funds are now available to UK investors in sterling shares, including the top-performing Lombard Odier Technology fund and the $835m Lombard Odier Emerging Consumer fund.
12/16/2013
Invesco sells property fund stake in latest Woodford-related disposal
The sale netted Invesco around £36m. Part of the stake was picked up by Lazard Asset Management, another major existing holder: Lazard's stake rose from 14% to 18% on the same day.
12/14/2013
RSA to offload peripheral businesses to fuel capital
The Telegraph understands that Martin Scicluna, who has taken control of the FTSE 100 insurer following the exit of chief executive Simon Lee on Friday, wants to offload non-core businesses.
12/12/2013
CBD flush with solar bonds
The capital raised by SEB will fund the design, development, installation and management of a book of approximately 40 commercial rooftop solar energy installations across the UK.
12/12/2013
BNP Paribas team leads amLeague as returns drop in November
French giant BNP Paribas’s THEAM team has topped the latest amLeague rankings as the manager's overall returns suffered a considerable drop compared to October’s results.