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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.

Gottex completes Frontier acquisition

He will continue to lead the Frontier business, and joins Gottex as a senior executive in its multi-asset business.

L&G reshuffles fund managers on four funds

Legal & General Investments has appointed new managers for four of its funds but is refusing to reveal why the managers have been replaced.

BlackRock appoints co-manager on European fund

BlackRock has promoted Stefan Gries as co-manager on the European Absolute Alpha fund alongside Vincent Devlin.

Miton Group announces acquisition of PSigma Asset Management

Miton Group PLC Acquisition of PSigma Asset Management Holdings Limited for up to £13m, Placing and Trading Update

BNP Paribas Securities Services and Caisse des Dépôts reinforce their partnership

This marks the fulfilment of the partnership, which began in April 2012 following the call to tender issued by the Caisse des Dépôts.

Credit Suisse Liquid Alternative Beta Index Down 1.07% in June

The Managed Futures strategy was the strongest performer for the month, finishing up 0.69% in June, and up 6.15% year-to-date.

Alternative Investments