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New investment trust will invest in the music rights of hits songs, from artists such as Adele and Beyonce

The statement was Woolley’s swansong as chief executive ahead of the arrival of former JOHCM boss Gavin Rochussen next month.

It will co-managed by Matt Jones and Hiten Savani.

We have known the founders and partners of CdR Capital for many years and their approach is thoughtful and innovative.

Societe Generale Securities Services will provide custody services for French asset manager Optimum Gestion Financiere.

The balance of the Acquisition would be funded through a combination of existing cash and available debt facilities.

This deal marks the first acquisition by L1 Retail, which was launched in 2016 by Mr Fridman’s holding company LetterOne.

There are no asset dealing charges and investors can withdraw 5 per cent per annum without immediately being taxed.

From the end of March 2016, total net asset values increased by £28.6 billion (12%).

Allianz added the loss will not affect its profit outlook for the year as it had already been taken into account

South African bank hopes to have new funds in place by the end of this year

The ETF is synthetically replicated, trades in British pounds and has a total expense ratio of 0.37%.

The fund has previously backed the West Cornwall Pasty Company during a turnaround period.

The insurer said the loss did not affect its profit outlook for the year, because it had already taken it into account.

Dublin was expected to be a big winner, but continental Europe has been more popular

Investment firms are negotiating with banks' research teams over new pricing models ahead of Mifid II

Average FT 300 portfolio dropped allocation by a third over the past year

The sub-fund that one runs on Discovery is structured as a Cayman Islands Segregated Portfolio Company

Impact Investment Trust will invest in six areas "which people need to lead a life that looks a little bit more like ours", according to Venon.

The company said that it had received acceptance of its terms from just over 29% of Thesis shareholders.