02/07/2014
Frankfurt-based Union Investment has launched a convertible bond fund
It will also be able to invest in high yield convertible bonds in order to diversify the portfolio and also to generate higher returns.
Alternative Investments
02/06/2014
BNY Mellon appointed by Aon Hewitt as fund administrator
he new mandate will also see BNY Mellon providing performance & risk analytics, securities lending and portfolio hedging to Aon Hewitt, which provides fiduciary management services to UK pension schemes.
02/05/2014
Gottex Launches Swedish Multi-asset UCITS Products
The fund is relatively unique in Sweden in that it is truly multi-asset by investing in nine different asset classes.”
02/05/2014
Russian boutique launches regional debt fund
The Luxembourg-domiciled fund, called the VTB Capital IM Russia & CIS Debt fund, was launched with $40 million in seed capital.
02/05/2014
BDO & PKF merger secures AIM auditor stronghold
BDO HAS retained the top spot for total AIM audit clients, as well as moving up to fifth spot for FTSE AIM 100 clients.
02/05/2014
German Boutique launches fund to tap CoCo bond issuance
Munich-based Assenagon Asset Management has launched a fund to focus on contingent convertible bonds.
02/05/2014
Hargreaves pulls u-turn on investment trust charges
Following a wholesale review of its platform charges Hargreaves Lansdown last month said investors who held trusts on its platform would pay an additional charge of 0.45%.
02/04/2014
Hedge funds focused on wealth preservation and European opportunities in 2014
Our asset allocation varied through the year and we took some money off the table when we achieved certain performance goals or we felt that it was necessary.
02/03/2014
Qatar Investment Authority targets Limassol
The Qatar Investment Authority has shown interest into investing in property in the Limassol area, said Christodoulos Angastiniotis
02/03/2014
Bath and the South West law firm expands private client team
In addition to a number of key hires in 2013, the team was further strengthened last month by the acquisition of Wheatley-based law firm, Whetter Duckworth Fowler which has an excellent reputation for its private client and property work.
02/03/2014
Commerzbank in talks to offload Spanish property loans - magazine
Commerzbank's move follows similar steps by other troubled banks
02/03/2014
Hedge funds seek 1.8 billion damages from members of Porsche's owning family
The most recent lawsuit forms part of a legal campaign being waged by hedge funds in various courts across the world, seeking to recoup money which was lost by betting on a decline of Volkswagen's share price in 2008.
02/03/2014
US-based asset manager to expand into UK and Europe
It will invest $20m in working capital to fund the creation of a local European platform and operations to be led by ETF industry veterans Hector McNeil and Nik Bienkowski.
02/03/2014
Alpha Bank unit to manage Hermes funds
Alpha Bank subsidiary Alpha Asset Management is to manage the mutual funds of Hermes Dynamic Domestic Equity
02/03/2014
Euroclear UK & Ireland fund service attracts five new fund managers
These investment firms have chosen to automate the settlement and reconciliation phase of their funds’ transaction processing cycle with the UK’s central securities depository.
02/03/2014
New York Life Investments Completes Acquisition of Dexia Asset Management
Expands Global Footprint into Europe and Australia Assets Under Management Exceed $500 Billion Milestone
02/01/2014
Natixis GAM launches Ucits version of EMD fund
Natixis Global Asset Management has launched a Ucits-compliant version of its Global Emerging Bonds fund, Citywire Global can reveal.
01/31/2014
Hedge fund pair sail into the limelight
Kinsale Capital Managent, the Dublin hedge fund manager run by the low-key, high- powered former Merrill Lynch bankers Gearoid Doyle and Seán Ó’Flannagáin, is basking in a warm glow after collecting a prestigious gong.
01/31/2014
Citigroup boosts commodities business post Volcker rule
Citigroup will hire a dozen commodities traders globally as part of its plan to expand in power and gas as rival banks withdraw from the market due to the Volcker Rule which this week won backing in Europe
01/31/2014
Former Barclays investment banking supremo backs new London exchange
He holds a small stake in the company, has invested alongside founder and boss Alasdair Haynes and Aquis staff