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BlackRock Hedge Selector trust to be closed down

The BlackRock Hedge Selector investment trust is set to liquidate after proposals to adjust the trust’s strategy were found to be lacking “feasibility”.

Caceis supports Seven Capital Management fund distribution

BlackSnake sub-fund admitted to Euroclear France

State Street Global Advisors launches global equity fund

Asset management giant State Street Global Advisors has launched a global equity fund designed to strengthen its Beta-focused strategies range.

States of Guernsey to issue bond

The Treasury and Resources Department at the States of Guernsey has progressed preparations for the issuance of an inaugural States of Guernsey Bond. The States of Guernsey through its bookrunners Barcla

East Capital to launch global frontier market fund

East Capital is planning to launch a frontier markets fund in mid-December

Primary care estate in privatisation plan

Primary Primary care trusts could sell their properties to the private sector under plans being considered by the government.estate in privatisation plan

Deutshe Börse plots expansion into emerging market FX

Deutsche Börse's acquisition of a minority stake in R5FX, the London-based electronic trading venue specializing in emerging markets FX, is the latest in a series of strategic moves by the exchange to break into the FX market.

Axa Wealth removes drawdown and Sipp charges

Axa Wealth has announced today that it will remove regular charges on its Pension Investment Account and drawdown services available via the Elevate platform.

Banks gear up for online assault

Market trends, hot investment funds and new sophisticated financial tools are being made available at the touch of a few buttons as banks add bells and whistles to attract investors and advisers.

Deutsche and Goldman finalise backing of Greek private equity spin-off

Senior staff at the private equity arm of the National Bank of Greece have set up a London-based entity in preparation for a spin-off, having secured backing from units of Deutsche Bank and Goldman Sachs.

Blackstone Rejects £2bn Offer for Resort Operator Center Parcs

Following the rejection, Blackstone is planning for a formal auction or stock market flotation of the company sometime in 2015, Sky News added.

Lloyd's of London grants China its first insurance syndicate

The Lloyd’s of London insurance market has granted a Chinese firm the right to own an underwriting syndicate for the first time in the market’s 326-year history.

Santander to launch investment platform

Santander UK aims to launch an investment platform next year, which will include online guidance tools to help investors identify suitable funds without going to an adviser.

UAE bank to finance redevelopment of area adjacent to Buckingham Palace

NBAD and ADFG conclude Dh1.8b financing deal to redevelop London's landmark 1 Palace Street

Russia Looks East, Opening its Markets to Singaporean Entrepreneurs

Russia, the largest country in the world by land area, is looking East, as relations with Its European and North American neighbours deteriorate in the face of events in Ukraine, with Ukrainian separatists allegedly backed by Russia.

Aegon sells stake in French unit

The proceeds will be added to the company's excess capital buffer and will increase the group's IGD solvency ratio by approximately 5 percentage points.

BVCA launches Channel Islands Working Group

The CIWG will also act as the BVCA’s representative

Millionaire buys Strand Centre for cash

Millionaire Brian Eaton hopes Tesco will set up shop in the Strand Shopping Centre for which he has just spent millions in cash to buy.

Abu Dhabi bank agrees $490m loan for luxury London project

National Bank of Abu Dhabi (NBAD) and Abu Dhabi Financial Group (ADFG) on Monday announced the completion of a AED1.8 billion ($490 million) financing deal for one of the largest redevelopment projects in central London.

Sovereign wealth fund acquisitions surge as confidence returns

The money was spent across 79 transactions – the highest number since 2008 – with real estate and infrastructure dominating the deal flow.

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