03/14/2012
Canadian boost for Standard Life
A strong performance in Canada and further cost cutting has delivered a 28% increase in operating profit for Standard Life.
Alternative Investments
03/14/2012
Bumper Hedge Fund Launches as Performance Converges
The difference between the best and worst performing hedge funds is narrowing, according to new research, but the number of new funds being launched is still approaching pre-crisis peaks.
03/14/2012
Asian and Middle Eastern capital increasingly important driver to Central London
Sovereign wealth funds (SWFs) and cash-positive pension funds from Asia and the Middle East are an emerging force behind the high level of global capital currently flowing into the Central London commercial real estate market, according to the latest rese
03/13/2012
Palmer Capital acquires European Fund Management Business
MEI, headquartered in the Dutch city of Deventer, manages nine separate funds for Dutch investors all focused on Central and Eastern Europe. 24 staff from MEI will join Palmer Capital.
03/13/2012
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.
03/13/2012
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.
03/13/2012
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.
03/12/2012
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.
03/12/2012
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.
03/12/2012
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.
03/12/2012
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.
03/12/2012
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
03/09/2012
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.
03/09/2012
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.
03/08/2012
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
03/08/2012
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.
03/08/2012
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.
03/08/2012
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.
03/08/2012
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.
03/07/2012
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