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Commerzbank in talks to offload Spanish property loans - magazine

Commerzbank's move follows similar steps by other troubled banks

Hedge funds seek 1.8 billion damages from members of Porsche's owning family

The most recent lawsuit forms part of a legal campaign being waged by hedge funds in various courts across the world, seeking to recoup money which was lost by betting on a decline of Volkswagen's share price in 2008.

US-based asset manager to expand into UK and Europe

It will invest $20m in working capital to fund the creation of a local European platform and operations to be led by ETF industry veterans Hector McNeil and Nik Bienkowski.

Alpha Bank unit to manage Hermes funds

Alpha Bank subsidiary Alpha Asset Management is to manage the mutual funds of Hermes Dynamic Domestic Equity

Euroclear UK & Ireland fund service attracts five new fund managers

These investment firms have chosen to automate the settlement and reconciliation phase of their funds’ transaction processing cycle with the UK’s central securities depository.

New York Life Investments Completes Acquisition of Dexia Asset Management

Expands Global Footprint into Europe and Australia Assets Under Management Exceed $500 Billion Milestone

Natixis GAM launches Ucits version of EMD fund

Natixis Global Asset Management has launched a Ucits-compliant version of its Global Emerging Bonds fund, Citywire Global can reveal.

Hedge fund pair sail into the limelight

Kinsale Capital Managent, the Dublin hedge fund manager run by the low-key, high- powered former Merrill Lynch bankers Gearoid Doyle and Seán Ó’Flannagáin, is basking in a warm glow after collecting a prestigious gong.

Citigroup boosts commodities business post Volcker rule

Citigroup will hire a dozen commodities traders globally as part of its plan to expand in power and gas as rival banks withdraw from the market due to the Volcker Rule which this week won backing in Europe

Former Barclays investment banking supremo backs new London exchange

He holds a small stake in the company, has invested alongside founder and boss Alasdair Haynes and Aquis staff

Global ETF AUM to surpass hedge fund industry in 18 months

While growth rates will be highest in Asia and lowest in the more mature US market, the growth drivers will be the same across all markets

Alberta Investment Management Corporation opens London office

The strategic decision to establish a European presence is a direct response to our growing portfolio of investments in the region.

Net retail fund sales exceed £20 billion in 2013

The Investment Management Association (IMA) today publishes its monthly authorised investment fund statistics for 2013:

Middle Eastern Investor to acquire UK commercial real estate

We are thrilled to have been chosen by this Investor to assist them

Schroders to merge multi-manager range with Brookes at helm

Schroders is to streamline its multi-manager range following the takeover of Cazenove last year

Three year old Sorrell Capital shuts up shop

Accounts filed at Companies House in December show the parent company fell to an annual loss of £11,288 for the year ending March 2013, although it is unclear if this was the reason for the fund’s closure.

Swaps body to reform benchmark to make rigging less likely

The global derivatives trade body is changing how its ISDAfix index is compiled following a U.S. and UK investigation into the process.

Unigestion Asset Management SA obtains AIFM authorisation

Unigestion has recently obtained AIFM authorisation from the French Financial Markets Authority for its asset management company based in France.

Tony Thompson exits nontraded REIT business

Noted real estate investor Tony Thompson is out of the nontraded REIT business.

London property market generated more wealth than New Zealand, report finds

Booming demand for flats and houses last year added £106 billion to the total worth of London’s increasingly precious property, now estimated to be worth a record £1.24 trillion, a study by estate agents Savills reveals.

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