02/04/2016
Banned adviser's claims management firm goes bust
His firm, which was called MNFA, was liquidated in 2011.
Alternative Investments
02/04/2016
Hedge Funds Zenit, Canosa to Shutter on Returns, Brummer Says
The fund’s annual return averaged 2.9 percent in the past three years, Brummer said in a statement. The firm ended 2015 with 11.2 billion Swedish Krona ($1.3 billion).
02/03/2016
Verras becomes latest CISE member
Convertibles have been a feature of new business in 2015 and we expect a further pipeline during 2016.
02/03/2016
Moulton's Aerospace Jewel Prepares To Take Off
Jon Moulton's private equity group has hired Lazard to oversee a £300m sale of Gardner Aerospace, Sky News learns.
02/03/2016
Zurich Insurance Ready to Shrink to Cut Claims, Risk Chief Says
Zurich is bringing back Mario Greco, who oversaw general insurance before he left in 2012, this time as chief executive officer starting in May to replace Martin Senn who stepped down in December.
02/03/2016
Seilern Investment Management Wins Two Lipper Awards
These awards, coming shortly after Stryx World Growth reached its 20 year milestone, may be attributed to Seilern’s highly focused strategy; commitment to investing in quality growth businesses and holding them through the business cycle.
02/03/2016
Russian Billionaire Buys Into German Online Lending Startup
Boyko made a fortune as a banker and the steel industry
02/03/2016
AXA to sell Hungary's banking unit to OTP Bank
The transaction is expected to be completed in the second half of the year and still requires approval from regulators and antitrust authorities.
02/03/2016
Troubled Indian group nears sale of top London hotel to Qatar
The Business Standard newspaper reported that the deal for the Grosvenor House Hotel in Mayfair could raise as much as $337 million.
02/03/2016
New UK fund vehicle will give Cayman, Ireland and Luxembourg a run for their money
ACS, the as yet little noticed onshore vehicle created by the UK government and tax authorities, might be about to rewrite that logic.
02/03/2016
Isle of Man begins selling 2016 Angel gold bullion coins
Pobjoy Mint’s annual bullion coin depicts St. Michael, dragon
02/02/2016
Legg Mason launches two fixed income funds
The two funds are aiming to achieve flexible bond returns to alleviate investors’ concerns over future bond market volatility caused by the Fed rate rise in December 2015.
02/02/2016
How OMGI Generation funds are making use of their new investment approach
Anthony Gillham shows how the specialist at-retirement funds are achieving the necessary balance between group and downside protection.
02/02/2016
OMGI's Tonkinson: 2016 is the year to turn our 'ambitious plans' into reality
Developments for Asia market
02/02/2016
Avaloq’s BPO centre live in Asia
Avaloq Sourcing Asia Pacific Ltd., a wholly-owned subsidiary of the Avaloq group, is a fully functioning BPO centre in the heart of Singapore.
02/02/2016
Old Mutual Wealth eyes expat expansion with advice acquisition
Old Mutual Wealth has bought the firm for an undisclosed fee as part of its strategy to build an advice arm.
02/01/2016
Collapsed bond trader ditched by French bank
Invexstar was a clearing and custody client of Société Générale’s Madrid-based securities business.
02/01/2016
Tilney Bestinvest announces the launch of new British Enhanced Income fund
It will have a fixed price offer period of 100p per share from 1 February to 12 February.
01/29/2016
Middle East investors lured by European hotel trophy assets
Their recent transactions include Claridge’s, The Connaught and The Berkeley in London’s Knightsbridge, and The InterContinental Paris Le Grand.
01/29/2016
British Government to Delay Retail Sale of Lloyds Stake
George Osborne, the chancellor of the Exchequer, confirmed on Twitter that plans to sell a £2 billion stake in Lloyds would be delayed until “turbulent markets have calmed down.”