Kinetic Partners has acquired Luxembourg-based AB Fund Services, bolstering their presence in the world’s second largest investment fund centre.
MEPs and the Polish presidency obtained a controversial ban on naked credit default swap (CDS) trading on October 18 leading a number of analysts to conclude it is ineffective, unjustified and politically motivated.
UBS appoints head of Italy division UBS has appointed Fabio Innocenzi as chief executive of its Italian private banking division. He succeeds Ferruccio Ferri, who has been promoted to another senior role within the bank. Innocenzi joins from Intesa Sanpaolo, where from 2009 he was responsible for the group’s North-East Italy division and head […]
Switzerland’s banks and asset managers face the potential of a greater administrative burden in regards their UK clients, after a tax deal announced yesterday between authorities in London and Bern, according to a Swiss-based lawyer who advises on UK tax.
So the Ucits IV deadline of 1 July has been and passed and the world has not ended.
Financial services and consultancy company Kinetic Partners has announced strong results for 2010 with revenues rising by 24% and profits increasing by 28% – the company does not disclose actual figures for the results.
Hedge funds have gates on about $60bn of investors’ money, say fund brokers Tullett Prebon. Though large in absolute terms, the amount is 3.6% of industry assets and far below the 35% impaired as the financial crisis peaked.