09/09/2014
South Africa's Investec to sell UK mortgage unit Kensington for $290 mln
The sale of Kensington, which follows that of Investec's struggling Australian professional finance and leasing arm in April, does not include the Irish operations
Alternative Investments
09/09/2014
CBPE Capital signs for eFront Investment Café
This will enable CBPE to enhance the quality and efficiency of its communications with its investors.
09/08/2014
Hungary Ready to Use Forex Reserves to Convert Forex Mortgages
Hungary’s central bank is ready to use part of the country’s foreign-currency reserves to help the government rid households of their costly foreign-currency mortgages
09/08/2014
Platforms: Emotional finance and the fund manager focus
Fund selectors’ responses suggest that emotion plays a bigger role in their work than they might admit
09/08/2014
ABN AMRO launches Asian corporate finance business for global Energy, Commodities & Transportation clients
The bank’s ECT Clients business is one of the most active lenders to companies in these sectors globally.
09/08/2014
Liontrust fund suffers dismal year
The fund managed to raise a significant amount of money in 2013, as investors bought into Mr Mabbutt’s process and track record at Thames River, LGT Asset Management and Baring Asset Management.
09/08/2014
BlueBay, Hedge Funds Take On Asset Managers for UCITS
Since the financial crisis in 2008, the market for liquid alternative investments such as UCITS, or Undertakings for Collective Investment in Transferable Securities, has grown as investors seek hedge fund-like returns in more regulated funds.
09/08/2014
Prospects for fresh financial products
The desire to generate income will become a primary focus of new products.
09/08/2014
Hermes CEO urges pension funds to disclose fees paid to asset managers
Hermes Fund Managers’ Saker Nusseibeh believes it is the responsibility of schemes to drive long termism, not their asset managers
09/07/2014
Financial spread betting firm eyes £1bn float
Former Tory co-treasurer says the firm could be listed in “months” if the market is right
09/05/2014
L&G To Shut Down Ipswich Office
Insurance group Legal & General has revealed plans to shut down its Ipswich office in a move that is expected to result in approximately 140 job losses.
09/05/2014
Skandia U-turns on £640m Woodford switch and Invesco closures
Skandia now says it has listened to further feedback and has been told by advisers that there is sufficient demand for the Invesco funds to remain open.
09/04/2014
European Capital Debt Management closes debt finance fund
European Capital Debt Management Limited announced today that it has closed its new £100 million fund, European Capital UK SME Debt LP, a fund to provide debt finance in small and medium sized enterprises in the UK
09/04/2014
ECI Partners notches up largest fund in its history
The group’s 10th fund became oversubscribed largely because ECI’s existing backers, which committed about 80 per cent of the capital, increased their investments by a third, on average.
09/04/2014
Regulatory Costs Aside, Firms Aim to Keep European Limited Partners
BV Investment Partners, which this week closed its eighth buyout fund with $487 million, said this time around it made a concerted effort to build out a new base of limited partners in Europe.
09/04/2014
JPMorgan Sees ECB Buying $53 Billion of Asset-Backed Bonds
The ECB is preparing to buy ABS as it strives to revive lending to small-and medium-sized businesses that employ about 70 percent of the European Union’s private-sector workers.
09/04/2014
Billionaire investor taps Deutsche and UBS for hedge fund portfolio IPO-sources
Sources say they expect the closed-end fund to be listed on the London Stock Exchange before the end of the year.
09/04/2014
Aberdeen Asset Management's SWIP acquisition takes Deal of the Year award
Fund manager's £550m acquisition of Scottish Widows Investment Partnership also won the Acquisition of the Year award
09/04/2014
Equilibrium readies launch of in-house range
The firm said using its own funds will cut down on platform costs, and allow it to input any changes more quickly.
09/04/2014
Cordea Savills Real Invest 1 buys two German assets for over €120 million
Cordea Savills has purchased two assets for over €120 million after further fundraising on behalf of Cordea Savills Real Invest 1, a German “Spezialfonds” for institutional investors.