07/25/2014
Money Grows on Trees in London!
Money tree planted to encourage Britons to save more
Alternative Investments
07/25/2014
Miton multi-asset funds see near £200m redemption in H1
Almost £200 million has been withdrawn from Miton’s Multi-Asset funds during six months which included the departure of former manager Martin Gray and his replacement by David Jane
07/25/2014
China trust suspended after manager goes AWOL
Trading in the £66 million ARC Capital fund, which counts Rathbones among its shareholders, has been suspended amid a breakdown in communication between its investment manager and board.
07/25/2014
Virgin Money completes payment for Northern Rock
HM Treasury also received £150m of Tier 1 capital notes, essentially taking a share in the company, on completion of the deal. Virgin Money is now purchasing these notes back from the Government at the appreciated value of £154.5m.
07/25/2014
Qataris could make renewed bid for Sainsbury’s
The Qatar Investment Authority in November 2007 walked away from its £10.6bn or 600p a share bid, saying credit markets had made raising funds too expensive.
07/24/2014
French Bank CDC Offers Samurai Bonds
Samurai issuance in 2014 so far is ¥1.66 trillion, not far short of the issuance for the whole of 2013, according to Dealogic. That is the highest on a year-to-date basis since 2008.
07/24/2014
Advisers remain critical of Aegon despite trail commission U-turn
Advisers remain critical of Aegon despite the provider having backtracked on its policy of removing adviser trail.
07/24/2014
Omni Partners obtains licence under AIFMD
Citibank International has been appointed as independent depositary, complying with the requirements of the Directive.
07/24/2014
Horlick taken to task online over new fundraising
The firm raised £137,500 through Seedrs last summer to pay for the start-up costs of the business.
07/24/2014
Alliance Trust launches two new sustainable investment funds
The two products bring the number of the full range of risk-profiled funds available to five.
07/24/2014
ICE pumps $15 million into benchmark business
According to company filings, ICE Benchmark Administration received $13.5 million in funding from parent company ICE in 2013 and has received an additional $2.2 million so far this year.
07/24/2014
JPMAM to close five fixed maturity bond funds
JP Morgan Asset Management is to close five of its Luxembourg-domiciled fixed maturity bond funds, citing changes in the market. The funds covered the emerging market debt and high-yield bond spaces and will close on 19 September after their liquidation
07/23/2014
RBC Global Asset Management Announces Changes to Four International and Global Equity Funds
RBC GAM-UK specializes in global, European and emerging market equities, as well as global and emerging markets fixed income.
07/23/2014
ABN AMRO in clearing contract for Van Breda bank
Bank J. Van Breda & C° has chosen ABN AMRO Clearing as its general clearing counterparty for over-the-counter derivatives transactions.
07/23/2014
Capita Financial Managers (Ireland) granted AIFM licence
The licence authorises Capita to take regulatory responsibility for the funds to which it acts as AIFM.
07/23/2014
Canary Wharf spreads east with new towers and 3,000 homes planned
Wood Wharf project gets green light in financial hub’s first major expansion since 2008
07/22/2014
BNP Paribas awarded EUR 180 billion mandate from Generali
As part of this mandate, BNP Paribas Securities Services will provide global custody services for Generali’s EUR 130 billion portfolio of direct insurance assets held in Europe.
07/22/2014
Gottex reports positive performance for alternative and multi-asset product lines
Alternative asset management group Gottex Fund Management has reported combined client assets of USD8.5 billion as at 30 June 2014.
07/21/2014
Funds of hedge funds profit from new improved look
Bright-eyed and bushy-tailed from the Nineties into the Noughties, the fund of hedge funds industry emerged from the financial crisis in a bedraggled state.
07/21/2014
Dutch pension funds failing to clarify asset management costs, AFM warns
The AFM, together with regulator De Nederlandsche Bank, recently conducted a survey of the annual reports of more than 50 pension funds and concluded that determining exactly how costs related to risk and return was “hardly possible”.