04/29/2016
PGIM Reaches $1bn in UCITS Assets Under Management With 10 Funds Launched
PGIM’s UCITS platform has surpassed US$1 billion in assets, as of March 31, 2016, through its first 10 funds with more funds to be launched in the coming year
Alternative Investments
04/29/2016
Ireland and the EU are backing a massive €230 million expansion at DCU
The money is being used for a massive development of the university’s campus.
04/29/2016
Source scoops Nomura Emea equities head
Ide, formerly chief executive at Old Mutual Global Investors, joined Source in March this year following the departure of founder and CEO Ted Hood last year.
04/29/2016
Agent Provocateur names LVMH veteran Fabrizio Malverdi as new chief
Fans of Agent Provocateur could soon see some Italian influence in its lingerie after LVMH stalwart Fabrizio Malverdi was picked as its new chief executive.
04/29/2016
Charles Stanley shuns robo rush for less wealthy
With initiatives such as the Financial Adviser Market Review, the government and the Financial Conduct Authority are seeking to help those who need advice but have savings too low to attract advisers now focused on the high-net worth.
04/27/2016
Aviva switches to FNZ for adviser platform
Aviva advised platform chief executive Tim Orton says: “We’ve got the majority of our business on FNZ already and it was the optimal choice to use that architecture going forward.
04/27/2016
European Union Pushes Away Bitcoin Regulation for Now
The European Union is not in a hurry to implement Bitcoin regulations as they are not sure about the potential of bitcoin and its underlying technology.
04/27/2016
ThinCats breaks record for largest non-property P2P loan with £3.5m auction for LAMP Group
ESF Capital will underwrite the deal, while Capital Engine act as sponsor
04/27/2016
Centrepoint’s managed account service hits $100 million FUM
It also leverages the global research capability of some of the world’s leading investment managers to build investment strategies that provide choice of investment styles
04/26/2016
Norway Boosts Withdrawals From World's Biggest Wealth Fund
The government withdrew 7.4 billion kroner ($898 million), according to monthly data published by Norwegian Government Agency for Financial Management.
04/26/2016
UK insurer Phoenix poised to buy Axa's Sun Life
UK insurer Phoenix Group is close to securing a £500m ($717m, €634m) buyout of smaller rival Sun Life from French insurance giant Axa, The Financial Times has reported.
04/26/2016
Signs of Recovery Emerging Europe's investors signal turnaround in emerging market fund flows
Acknowledging that pundits have been calling the bottom in EM for some time, Cerulli Associates, a global analytics firm, says data from EPFR Global for the first few weeks of March suggest a real turnaround.
04/26/2016
‘Vultures are circling’ as Standard Life eyes Elevate deal
Experts say a merger – which would see the combined platform ranked third for assets under administration – will be extremely costly for Standard
04/26/2016
Sterling reaches 10-week high as funds trim Brexit bets
The cost of hedging against swings in sterling reached six-year highs as options contracts moved to capture the result of the referendum on June 23.
04/26/2016
$5B Hedge Fund Aurora to Liquidate
The Chicago-based hedge fund manager said it would return capital to investors after an acquisition deal fell through last week.
04/26/2016
Life offices say offshore bonds to benefit from HMRC reforms
Speaking to International Adviser, Jones said the changes may impact British expats holding offshore bonds if they choose to come back to the UK.
04/25/2016
St. James's Place launches innovative intergenerational mortgages with Metro Bank
St. James’s Place is working with Metro Bank to launch further products in 2016.
04/25/2016
City News: Hedge fund returns, Austin Reed
UK hedge fund returns fell by nearly 2 per cent for the first three months of the year as volatile commodity and oil prices took their toll.
04/25/2016
Quilter Cheviot Announces Dubai Office Launch
The Dubai representative office, which will mark its official launch with an event on 25 April, will be overseen by the company’s Head of International, Tim Childe, who is also Head of the Jersey office.
04/25/2016
Charles Stanley to close several London offices
The ongoing net occupancy costs for the group’s London offices are expected to increase by around £1m per year from 2018.