03/21/2013
Cordea Savills acquires three assets for its European Retail Fund
The Cordea Savills European Retail Fund, which launched in late 2012, has acquired its first three assets in Paris, Glasgow and Berlin for c. EUR 50 million.
Alternative Investments
03/21/2013
Ignis reports fall in profits and AUM amid restructure
The group reported an operating profits of £43m in 2012 compared to £46m in 2011
03/20/2013
Sumitomo Mitsui expanding in fund administration
After completing the purchase in November, SMTB has taken over all Daiwa's clients, operations and around 200 employees and has high hopes for the new business, says Joost Lobler, head of sales for Asia ex-Japan.
03/20/2013
Societe Generale SS in Luxembourg develops its services offering for alternative funds
Institutional investors or other professionals who manage these funds, such as family offices or wealth managers, now have a single point of entry to SGSS’ entire range of accounting, trustee, fund domiciliation, fund administration, transfer agent
03/19/2013
Royal London acquires Co-op life insurance and asset management arms
Royal London says the acquisition will benefit Royal London and CIS with-profits policyholders
03/19/2013
Hargreaves Lansdown cuts Buxton fund from Wealth 150
As there will be no immediate changes to the fund we continue to believe existing investors need take no further action at present."
03/19/2013
Shore Capital Group preliminary results December 2012
Financial Highlights and Operational Highlights
03/19/2013
Gottex acquires multi-asset boutique
Gottex believes the acquisition provides compelling strategic benefits, including establishing one of the leading alternatives oriented multi-asset investment teams as well as complementing Gottex’s traditional fund of hedge funds business with a di
03/19/2013
F&C duo swap Aberdeen fund for JPMorgan offering
“Given we are bullish about this year and next we felt we should make the switch as it matches our slightly more risk-on mood.”
03/19/2013
BNY Mellon appointed by SEB for funds administration
BNY Mellon has been appointed by SEB Investment Management AB to provide fund administration services for over 150 funds valued at EUR40 billion.
03/18/2013
JP Morgan unveils five-strong fund of funds range
'Over the last five years the fund-of-funds sector has seen a remarkable growth in funds under management.'
03/18/2013
Hedge Fund Pioneer Edgar De Picciotto Is A Billionaire
Forbes estimates his net worth at nearly $2 billion.
03/18/2013
Cyprus Tax Prompts Funds to Cut Ties to Russian RenCap, Alfa
Finance ministers in the euro area reached an agreement on March 16 that will impose a tax on depositors in Cypriot banks.
03/18/2013
Lyxor launches UCITS fund that replicates Winton Capital’s Diversified Program
Investors in the Fund will also benefit from the weekly liquidity and independent risk management provided by Lyxor.
03/18/2013
London Stock Exchange eyes IPOs from Gulf in 2013
The London Stock Exchange is expecting to see “a couple” of initial public offerings
03/18/2013
Multi-managers mull selling Schroders after Buxton exit
Fund buyers have described Richard Buxton’s shock resignation from Schroders as a major loss for the firm
03/18/2013
HSBC Trims 2013, 2014 Gold Forecasts, Retains Bullish View
We view this shift as only a short-term phenomenon
03/17/2013
Man Group will not pay 2012 bonuses for executives
Man's shares have fallen by around two-thirds since the start of 2011.
03/17/2013
Karmarama wins Clydesdale Bank after marketing reshuffle
Karmarama has been appointed as the creative agency for Clydesdale Bank, following a competitive pitch.
03/17/2013
EU bonus clampdown on fund managers
According to the FT, the parliament’s main parties have shown their support for plans to insert the new pay curbs into the existing reform proposals for Ucits funds.