03/19/2013
BNY Mellon appointed by SEB for funds administration
BNY Mellon has been appointed by SEB Investment Management AB to provide fund administration services for over 150 funds valued at EUR40 billion.
Alternative Investments
03/18/2013
JP Morgan unveils five-strong fund of funds range
'Over the last five years the fund-of-funds sector has seen a remarkable growth in funds under management.'
03/18/2013
Hedge Fund Pioneer Edgar De Picciotto Is A Billionaire
Forbes estimates his net worth at nearly $2 billion.
03/18/2013
Cyprus Tax Prompts Funds to Cut Ties to Russian RenCap, Alfa
Finance ministers in the euro area reached an agreement on March 16 that will impose a tax on depositors in Cypriot banks.
03/18/2013
Lyxor launches UCITS fund that replicates Winton Capital’s Diversified Program
Investors in the Fund will also benefit from the weekly liquidity and independent risk management provided by Lyxor.
03/18/2013
London Stock Exchange eyes IPOs from Gulf in 2013
The London Stock Exchange is expecting to see “a couple” of initial public offerings
03/18/2013
Multi-managers mull selling Schroders after Buxton exit
Fund buyers have described Richard Buxton’s shock resignation from Schroders as a major loss for the firm
03/18/2013
HSBC Trims 2013, 2014 Gold Forecasts, Retains Bullish View
We view this shift as only a short-term phenomenon
03/17/2013
Man Group will not pay 2012 bonuses for executives
Man's shares have fallen by around two-thirds since the start of 2011.
03/17/2013
Karmarama wins Clydesdale Bank after marketing reshuffle
Karmarama has been appointed as the creative agency for Clydesdale Bank, following a competitive pitch.
03/17/2013
EU bonus clampdown on fund managers
According to the FT, the parliament’s main parties have shown their support for plans to insert the new pay curbs into the existing reform proposals for Ucits funds.
03/17/2013
Squawker appoints BNP Paribas as settlement provider
Underpinned by a fully disclosed, tripartite agreement with BNP Paribas, all trades on Squawker will be settled directly between the counterparties and BNP Paribas.
03/14/2013
World’s Biggest Flawless Diamond has £13m Christie's Price Tag
It came from the Jwaneng mine in Botswana and took 21 months to polish.
03/14/2013
Baillie Gifford cuts fees for investment trust boards
The move follows the retail distribution review
03/14/2013
Bullion firm reveals that British holdings increased tenfold in five years
It is five years this week since the price of an ounce of gold shot through the $1,000 level
03/13/2013
Qatar eyes $15bn investment in UK
Although the 10 billion pounds investment figure was cited, a timeline for the investment has not been agreed, the FT said.
03/13/2013
Despite slowdown, investors bearish on global funds
The global fund management sector clocked 3.9-per cent growth in 2012 despite the ongoing worldwide economic uncertainty
03/13/2013
Generali Reports Fourth-Quarter Loss
Assicurazioni Generali SpA, Italy’s biggest insurer, reported a loss for the fourth quarter after 1.3 billion euros ($1.7 billion) of writedowns on equity holdings, including a stake in Telecom Italia SpA.
03/13/2013
Fidelity expands ETF partnership with BlackRock
BlackRock will also help Fidelity develop an investment strategy for clients based on a mix of ETFsBlackRock will also help Fidelity develop an investment strategy for clients based on a mix of ETFs
03/12/2013
Strutt & Parker and Catella announce international alliance
The exclusive alliance, a first for both parties, will enable them to provide pan European transactional and consultancy advice in the office, retail and industrial markets.