01/03/2018
RBS sells Lombard assets for $203 million
RBS declined to confirm the Sky News story. Investec and Shawbrook were not available for immediate comment.
Alternative Investments
01/02/2018
Six investment themes to look out for in 2018
Global stock markets performed remarkably well in 2017 but are unlikely to be so kind this year, say fund managers.
01/02/2018
MPs to produce British Steel pension report
The scheme has about 130,000 members of which 43,000 are deferred, which means transferring out of their pension is an option for them.
01/02/2018
LGIM adds fourth equity income fund with European mandate
Legal & General Investment Management (LGIM) has expanded its equity income range with a European Equity Income fund, managed by Andrew Koch
12/31/2017
EXIM CEO killed in Austrian ski accident
Zoltán Urbán, the CE0 of EXIM (the joint company of Hungarian Export-Import Bank Ltd. and Hungarian Export Credit Insurance Ltd.) has died in a skiing accident in Austria.
12/31/2017
Sir Richard Branson tries hand at crowdfunding with Virgin CrowdBoost
Crowdfunding platforms have been praised for providing a different source of finance.
12/29/2017
Platforms still fraught with pension drawdown problems
Consultancy firm the Lang Cat recently found just 53 per cent of advisers use a platform specifically for decumulation, that is to enable clients to manage the withdrawal of their retirement savings.
12/29/2017
Fidelity sets aside further £19m for DC admin error
This error affects 4 per cent of members in the DC business and relates to some discrepancies in how scheme specific lump sum protection was put in the pension administration records for some of Fidelity’s DC clients.
12/28/2017
Most expensive homes in the UK are in Grosvenor Crescent in London
The second most expensive street is Ilchester Place in Holland Park, with an average house price of £16.7 million.
12/28/2017
European exchanges clash with customers over fees rise
Battle between Spanish bourse and UBS is flashpoint in fight about pre-Mifid charges
12/28/2017
Aegon to sell stake in U.S. unit to French reinsurer
The transaction is expected to result in a pre-tax loss of about $125 million and will be reported in other charges in the fourth quarter 2017 results
12/27/2017
Gresham House sells final significant legacy asset for £2.1m
Proceeds from the sale will be added to the net cash balance sheet position and will support Gresham House's growth strategy as a specialist alternative asset manager.
12/27/2017
Odey’s profits crash as performance slump bites
99% fall in performance fees leads to profit nosedive, but hedge fund firm has a history of ups and downs
12/27/2017
A Hedge Fund Gets $2.4 Billion for Hanging In There
Volvo hasn't exactly been a smooth ride for the activist, which just a few years back looked like it had missed its best chance to cash in.
12/26/2017
Soros Fund backs UK concierge for the wealthy after IPO
Ten Lifestyle Group quickly garnered attention from a range of big investors.
12/26/2017
KKR-backed Avendus Capital looks to enter US, Europe
KKR-backed Avendus Capital is working on a plan to take Avendus Absolute Return Fund and Ocean Dial Asset Management to US investors
12/26/2017
Hedge funds to cash in if shops come up short
Investors increase bets against retailers hit by weak Christmas
12/22/2017
Russian Billionaire Seeks to Pull Sotheby's Into Art-World Fight
Rybolovlev lawyers say Swiss dealer was aided by auction house
12/22/2017
These Are the European IPOs Investors Are Eyeing for 2018
The region has had a strong showing in 2017
12/21/2017
Italy's Poste, Anima sign asset management deal
The company last year got more than 70 percent of its revenue from its insurance and asset-management division and its banking unit accounted for 16 percent of total sales.