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Grosvenor purchases City office at 5.9%

Grosvenor Fund Management has acquired Fleet Place House in the City of London financial district.

RQFII programme extends to London and Singapore

CSRC also announced plans to further increase the total qualified foreign institutional investor (QFII) quota to $150 billion from $80 billion in an effort to encourage foreign investment into the mainland.

BNP Paribas ties up Henderson fund migration

In total, this complex project has required the migration of 25 legacy Gartmore funds with an approximate value of EUR 8 billion in three stages and incorporating multiple jurisdictions and fund types.

AXA Self Investor adds 1,000 clean share class funds to platform

AXA has introduced over 1,000 clean share class funds to its self-directed investment platform

Settlement houses team up to streamline Europe's funding market

Two long-standing rivals Euroclear and Deutsche Boerse are to work together to help improve the supply of short-term funding for banks

Man Group teams up with Nomura

The strategy seeks to capture largely directional opportunities in emerging and developed market swap, futures and FX markets.

Former Hargreaves Lansdown director puts up £100m for pick of the start-up crop

“If we find the right company, we’ll write the cheque and help them grow,” he said.

Johannesburg targets high-speed traders

The initial rollout of the service is scheduled for the first quarter of 2014 and will include space for 35 clients.

Fund managers ‘may be hit by accountant shortage’

SCOTLAND’S fund management sector could be held back by a lack of accountants trained to handle specialist work, according to a senior industry figure.

Smith & Williamson chooses Novia to unveil portfolios

The investment team is headed by James Burns and includes portfolio managers Peter Lowe, David Amphlett Lewis and Nick Marshall.

LaSalle finds London remains global investors’ darling

The findings show that with the economic backdrop remaining weak across many parts of the Continent capital flows are focused almost exclusively on prime assets with the UK capital the main beneficiary.

Insurance giant pushes back panel review

The review will be lead by group general counsel Kirsty Cooper and european general counsel Monica Risam

Libor moving to NYSE Euronext

NYSE Euronext will take over the Libor in early 2014.

Deutsche shuts 36 ETPs as demand wanes

Deutsche Asset and Wealth Management has closed 36 of its exchange traded funds

Generali to take full control of German unit

Generali to pay 171 mln euros for 3 pct of unit

2013 Best Global Green Brand: AXA, one of the 50 leading companies

For the 3rd consecutive year, AXA is part of the Best Global Green Brand (BGGB); this ranking rewards the companies for their green initiatives.

Singapore plots £5bn swoop on Lloyds

Over a dozen investment banks will submit proposals tomorrow to UK Financial Investments (UKFI), the government body that oversees the taxpayer’s bank shares, on how they would handle the sale.

Temasek has not approached UK over Lloyds stake: sources

One of the sources told Reuters the government had received a number of tentative enquiries about the sale

UBS to shut poor performing small cap fund

UBS Global Asset Management closing underperforming small cap fund.

London Stock Exchange to acquire Turquoise Derivatives

The London Stock Exchange is to acquire the derivatives business of Turquoise Global Holdings, in which it owns a 51% stake.

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