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Royal Bank of Scotland insurance unit plans 900 job cuts

The insurance division of Royal Bank of Scotland says it plans to cut nearly 900 jobs as it prepares for a stock market flotation.

Stockholm-based hedge fund raises $500 mln for new longer-term fund

"In recent years, financial markets have become increasingly short term.

Troubled hedge fund Pentagon to fight SEC's $100m fine

A contemporary of David Cameron's at Oxford University, Mr Chester took the dramatic step after his hedge fund, Pentagon Capital Management, was fined $98.5m earlier this year for allegedly engaging in late trading in mutual funds between 1999 and 20

ING to Sell Capital One Stake After Sale of Online Bank

Pricing is expected before regular trading opens today in New York, with settlement on Sept. 10, ING said in a separate statement.

DFAS Bloxham Global Equity Income Fund - change of manager

They plan to run the DFAS Bloxham Global Equity Income Fund in exactly the same way before merging it into their existing fund by the end of this year. At that time a new share class is to be created for retail investors.

Ludgate Investments eyes stricter waste regulation for new fund

The European Union is tightening regulation for recycling and recovering rubbish and has called for 50 percent of household waste to be recycled by 2020 as a way to keep trash away from landfill sites.

Schroders launches Global Macro Bond Fund

The Fund aims to deliver an annualised gross excess return of eight per cent per annum over LIBOR using currency, sovereign and credit strategies, and is scheduled to launch in October 2012.

Barclays accused of making £500m out of hunger after speculating on global food prices

Barclays Capital, the investment arm of the bank, has prompted fresh criticism after they reportedly made more than £500million by speculating on food staples while millions around the world face starvation and crippling food prices.

RBS severs ties with Hoare Govett

He had decided to reshape RBS so that it would never again carry the same risks that led to its taxpayer bailout during the financial crisis.

S&P Capital IQ announces UK fund management awards

Excellence will be identified at the fund manager, team and house level, drawing upon the qualitative insights and assessments from a team of fund analysts who review and consider the gradings of over 1,200 funds a year.

Baring Europe Select Trust reports strong performance

Barings is celebrating another successful year for the Baring Europe Select Trust as the fund marks its twenty-eighth anniversary.

Green bank ready to commit £3bn to environmental firms

The bank will be run from bases in London and Scotland.

Man launches bond hedge fund with Nomura

“In an environment where market participant risk-taking in interest rates has been considerably reduced since 2008, this creates attractive alpha opportunities."

Cofunds launches unbundled pricing across 85 fund groups

The RDR-ready Z share class, launched in October, will be available via platforms operating a clean share class model.

Monson steps down as manager of Sarasin's income funds

Investment Week can reveal Monson has stepped down from both the £336m Sarasin International Equity Income fund, as well as the £138m Sarasin Global Equity Income (Sterling Hedged) fund.

EU body urges firms to avoid bank derivatives fees

The European Systemic Risk Board (ESRB), based at the European Central Bank (ECB), said firms using banks to service their derivatives contracts may create extra risks because even for genuine hedging, the contracts are not risk-free.

Old Mutual completes sale of Finnish branch of Skandia Life Assurance Company

As at 30 June 2012, the Finnish branch had gross assets of €1.3 billion.

Quantum Global Real Estate and LaSalle buy trophy office building in Mayfair

This is the first acquisition Plaza has made since inception earlier in the year, investing in large real estate assets around the globe. With leverage, Plaza has USD 1 billion gross of initial buying power.

Barclays' GlobalAccess range now available through two platforms

Advisers can access the 16 investment solutions as single components, enabling them to build their own portfolios to meet their clients' individual needs.

Outflows at Italian asset managers slow to 1.3 bln euros in July

Italy-domiciled funds were again the hardest hit with 1.26 billion euros in outflows.

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