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Ardevora launches onshore income fund

The group has now decided to expand its offering by launching a joint venture with Margetts Fund Management, headed up by CEO Toby Ricketts.

Iceland’s One-Time Billionaire Plots Retail Comeback on U.K. High Street

Jon Asgeir Johannesson, the former Icelandic billionaire being sued by the bank that helped fund his expansion into the U.K., is planning to build a new retail “kingdom” there once he emerges from litigation.

Societe Generale SS to provide trustee and valuation services for French financial marketplace fund

Created in 2003, the asset manager NewAlpha is today a fully-owned subsidiary of OFI Group. With 47.2 billion euros in assets under management (as at the end of December 2011), it is one of the leading players in the French asset management market.

7IM reduces TERs on funds of funds

The group said it had reined in its TERs using initiatives such as buying up baskets of stocks directly, rather than owning exchange traded funds, in sectors such as UK, US and Japanese equities.

LSE to grab a big slice of LCH.Clearnet

The LSE will pay up to €463m (£387m) for a full 60 per cent stake and less if it only gets the minimum 50 per cent plus one share.

Morgan Stanley teams up with UK partner on London development

The partnership will seek to “unlock significant value through redevelopment, refurbishment and other asset management initiatives” from office buildings in London, according to the statement.

Investec plans Managed Solutions fund duo for RDR

The two new offerings will complement Investec’s three existing funds, to form a complete managed solutions range.

eVestment|HFN Releases Its Q4 2011 Hedge Fund Administrator Survey

eVestment|HFN today announced the release of its Q4 2011 Administrator Survey, sponsored by Advent Software

NAB plans to ‘pretty up’ Clydesdale Bank for sale

The sources said NAB planned to hive off its troubled commercial property business in the UK to make an eventual sale of the division easier.

Aberdeen’s Revival From ‘Near Death’ Endorsed by FTSE 100

It is scheduled to join the FTSE 100 Index for the first time on March 19, the FTSE Group said in a statement late yesterday.

Deutsche Bank reclaims top spot as world's largest insurance asset manager

The IAM survey indicates that the trend of insurance companies outsourcing the management of their balance sheets to third party asset managers remains strong. Outsourced general account assets now total $1.21 trillion, an increase of 5.5% from December 2

Barclays joins JPMorgan in top ranks on commodities desk

JPMorgan’s global commodities business, led by Blythe Masters in New York, and the Barclays’s unit run by Roger Jones in London, have been expanding through acquisitions and hiring.

Amundi Real Estate acquires stake in 5 Canada Square, Canary Wharf

Spread over 15 floors, the total surface area is 50,000 square metres and includes 92 parking lots. The building was designed by Marshall Strabala, an Associate Partner in charge of design at Skidmore, Owings & Merrill LLP.

Europe's largest bank opens first Sydney office

EUROPE'S largest bank as opened its first branch in Australia as it tries to boost its presence in the Asia-Pacific region.

UBS launches ‘twin–engine’ Asian HY fund

The Luxembourg-domiciled UBS Asian High Yield fund’s ‘twin-engine’ strategy will focus on Asian high yield corporate bonds and Asian currencies.

The Local Shopping Reit and Schroders launch local retail fund

Structured with a Jersey PUT feeder, the Fund will be ungeared and will have an income based focus. LSR will have a strong alignment of interest through a 5 million British Pounds co-investment and a performance related fee basis in addition to base manag

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