05/08/2014
Eiopa Launches Euwide Insurance Stress Test
The European Insurance and Occupational Pensions Authority launched today an EU*wide stress test for the insurance sector.
Alternative Investments
05/08/2014
Generali to build London scheme after M&G signs on as tenant
Italy's largest insurer Generali has secured fund manager M&G as the first tenant for its 420 million pound London office development, allowing it to start construction of the 13-storey tower.
05/07/2014
Multi-asset specialist ups UK reach with Pennine deal
The appointment comes after a review of the range by Pennine, which resulted in Premier Asset Management and Aria Capital Partner being removed from mandates.
05/07/2014
L&G plays down annuity fears as it unveils record results
The insurer also welcomed the government’s capping of charges on auto-enrolment default funds at 75 basis points, saying it expects to benefit as it already run schemes with a cap of 50bps.
05/07/2014
City Financial unveils Adviser Centre fund ratings service
Peter Toogood and Gill Hutchison set out to unearth new talent in fund management with free online research service.and Gill Hutchison set out to unearth new talent in fund management with free online research service.
05/07/2014
Schroders hands Howard-Spink’s £1bn fund to Sym
Leon Howard-Spink will relinquish management of the Schroder European Alpha Plus fund from 1 June.
05/07/2014
Hermes promises return to profitability this year
It has spent large sums on recruiting portfolio managers and sales staff
05/07/2014
Aite Group predicts that the dawn of the FX TCA industry has just arrived
Aite Group conducted a survey with a representative sample of buy-side FX TCA customers around the globe regarding their views on the quality of FX TCA tools available as well as their outlook on the current state of the FX TCA industry.
05/07/2014
ING cuts bank loan losses as insurance sale gets go-ahead
Dutch financial group ING ING.AS cut loan losses faster than expected in the first quarter and gained regulatory approval for the sale of its insurance business, taking the sting out of weaker-than-expected underlying earnings.
05/06/2014
UBS Wealth Management profits up
UBS delivered a solid first-quarter performance despite a volatile operating environment. Every one of UBS's business divisions and regions was profitable, reflecting the firm's successful strategy and the strong positions it has created both fr
05/06/2014
Antwerp Diamond Bank's Profit -31%, Interest Income +13%
ADB confirmed a capital adequacy ratio of 11.29 percent during the year
05/06/2014
Ignis’ £1bn property fund becomes latest to convert to PAIF
Ignis' move follows the recent conversion of L&G’s £1bn property fund
05/06/2014
Cote d'Ivoire hires for US dollar bond- sources
The bonds would represent the West African nation's first venture into the international capital markets
05/05/2014
Investment firms boosting profits at expense of customers who die
Hargreaves Lansdown among firms charging heavy fees for probate valuations
05/05/2014
European funds cut bond holdings to three-year low
European fund managers cut bond holdings to their lowest in nearly three years and boosted equities as expectations grew that a brighter economic outlook would eventually lead to higher interest rates
05/05/2014
Insurance market presents rebuild opportunity for Henderson
Henderson Global Investors has enjoyed sustained growth in its total assets under management in recent years, but while the growth in the retail business has been impressive, that in its institutional arm has been less so.
05/05/2014
Citigroup Wins Business of Norway's Giant Wealth Fund
While the loss of Norway's oil fund as a client is a disappointment, the bank hopes to win at least two similar- sized mandates in the near future.
05/05/2014
Dutch pension fund major APG forms $300M venture with Xander to buy office properties in India
Two years ago APG inked a similar venture in partnership with Godrej Properties and others for residential properties.
05/05/2014
EquityBridge Asset Management funds two Union Hanover transactions
EBAM also provided the acquisition finance for Union Hanover’s forward funding
05/05/2014
Alix Capital creates fixed income index for Aurelys SA China’s interbank bond market opens up for UCITS asset managers
Schroders has confirmed the launch of a new externally-managed fund on its GAIA platform Schroder Paulson Merger Arbitrge, subject to regulatory approval.