03/16/2018
Russian billionaire eyes Saudi Arabia for Renaissance growth
Mikhail Prokhorov's Renaissance Capital looks to broaden its shareholder base as it plans to expand into new markets
Alternative Investments
03/16/2018
Sanlam FOUR Strategic Bond Fund leads the pack at Thomson Reuters Lipper Fund Awards
The fund invests in attractively priced bonds in the investment grade and higher quality section of the sub-investment grade, with the core investments being supplemented with a dynamic overlay strategy to enhance portfolio total returns.
03/16/2018
KBC completes acquisition of MetLife’s 40% stake in UBB-MetLife joint venture (Bulgaria)
The deal was announced on 29 December 2017 and received regulatory approval on 9 March 2018.
03/16/2018
Ethical investor: Mainstream funds are now going green
Investors ploughed more than £1 billion into ethical funds last year, the highest annual inflow ever recorded, according to figures published by the Investment Association.
03/16/2018
Bridges to raise $75m impact fund for Israel investment
Sir Ronald Cohen was one of the founders of the fund, which has an overall goal of aiding disadvantaged groups and narrowing social gaps.
03/16/2018
Nordic Capital buys Swedish online banking payments firm
Several deals in the sector have been announced over the past year, including private equity group Permira’s investment in Sweden’s Klarna and a private equity bid for Paysafe Group.
03/15/2018
Cost reductions and life boost results at Generali
It said this was largely due to €416 million in natural catastrophe claims that mainly came from the US hurricanes and the storms that swept Central Europe as well as by the lower contribution of investment returns in a low interest rate environment.
03/15/2018
Och-Ziff to Shut European Hedge Fund as New CEO Shifts Focus
Och-Ziff is also weighing returning capital to investors in other smaller funds.
03/15/2018
Giant pension firm caps exit penalties for young savers
Old Mutual Wealth has set aside £69m to cover the cost of capping early encashment charges at 5pc for under-55s and refunding all exit penalties of over 5pc levied on policies since 1 January 2009.
03/15/2018
Munich Re posts €476m loss in P&C reinsurance in 2017
The combined ratio for 2017 deteriorated to 114.1 percent in 2017 from 95.7 percent in the previous year.
03/15/2018
Winton Capital registers as AIFM in Ireland - filing
A source with direct knowledge of Winton’s Irish move said it was part of the company’s Brexit planning. A spokesman for Winton declined to comment when contacted by Reuters.
03/15/2018
Zurich Int’l Life rolls out online portfolio management tool
“With this new functionality, customers can keep up-to-date with their investments and be empowered to actively manage where their money is being invested to ensure their investments are on track.”
03/14/2018
Global property investment hits record high thanks to Asian spending spree
On an annual basis, the amount of money spent on property across the world increased by almost 13.3pc, with Asian investors in particular increasing their exposure to most markets.
03/14/2018
JTC lists on London Stock Exchange
The initial public offering will provide us with access to the capital markets, as we look to deliver future growth, both organically and through our targeted acquisition strategy in a sector which we view as ripe for consolidation.
03/14/2018
Prudential splits Europe business from US, Asia
This will enable it to play a greater role in developing the savings and retirement markets in the UK and Europe through two of the financial sector’s most trusted brands, while Prudential plc will be able to focus on the attractive returns and grow
03/14/2018
Crestbridge acquires Kingfisher Property
Crestbridge also has complementary offices in Jersey, Luxembourg, the Cayman Islands and Bahrain.
03/14/2018
M&G reports record inflows ahead of Pru demerger
At a group level, Prudential reported group IFRS operating profit was up 6% to £4.7 billion
03/14/2018
Jersey’s JTC lists on LSE’s main market
JTC first established a presence in the US in 2013 with a representative office in Miami, from which it continues to provide corporate, fund and bespoke private client services to its clients.
03/13/2018
Bulgaria's DZI Life Insurance gets regulatory nod to acquire UBB-MetLife Life Insurance
In January, DZI Life Insurance received approval from the Financial Supervision Commission to acquire full ownership of UBB-MetLife Life Insurance Company.
03/13/2018
Net assets of UCITS and AIFs surpassed USD15 trillion in 2017, says EFAMA
Elsewhere in Europe, net asset growth greater than 20 per cent was recorded in Belgium, Bulgaria Cyprus, Czechia, Hungary, Malta, Poland and Portugal.