Turkey has recently been subject to civil unrest, sparked by plans to demolish a park in the centre of Istanbul, the commercial capital of the country, but Emre Akcakmak, portfolio manager at East Capital says the investment fundamentals of the country remain sound.
Renaissance Credit, a new microfinance institution in Lagos, Nigeria, has launched on the Temenos T24 platform for Microfinance and Community Banking (MCB), hosted in the cloud on Windows Azure.
Fitch has upgraded Casablanca-based BMCE Capital Gestion’s asset manager rating to M2+ from M2 to reflect its renewed IT infrastructure having implementated portfolio and risk management solution, Sophis Value.
One year on from the demonstrations in Egypt’s Tahrir Square, managers polled by the UK’s Association of Investment Companies consider the prospects for investing in the region.
OFI MultiSelect BRICA, fonds multigérants principalement investi dans des actions de la zone BRIC (Brésil, Russie, Inde, Chine) élargit son univers d’investissement avec un nouveau continent : l’Afrique.
Edifice Capital, the Paris-based asset management company set up by former Natixis executives, is to launch a real estate fund focusing on European infrastructure.
Jupiter Asset Management has hired a fund selector from JP Morgan and promoted an internal candidate in an effort to boost its flagship Merlin funds team, while US manager Northern Trust is expanding its fund services business in Australia and New Zealand with a promotion and new hire.
Barclays Wealth has made a significant coup from Lloyds TSB’s international private banking division, taking on five of its Geneva employees.
Financial services firm and index provider Russell Investments has expanded its fiduciary business for Europe, the Middle East and Africa (EMEA), hitting £7bn of AUM while three hires are the latest boost to the business.
European investors showed caution in January, moving into bonds as they reacted to changes in the macroeconomic environment, in particular turmoil in the Middle East.