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UniCredit confirms Vita as chairman of the board

Italian bank UniCredit has confirmed the appointment of Giuseppe vita as chairman of the board, and confirmed Federico Ghizzoni in the role of chief executive and general manager.

14 May 2012
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Angela Merkel suffers severe setback in second set of local elections

Angela Merkel has suffered another political setback at home after voters in the state of North Rhine Westphalia gave her CDU party approval of just 25.8% - the party's poorest result since the Second World War.

14 May 2012
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Spanish Q1 assets under management up by 1.49%, says Inverco

Spanish assets under management increased by 1.49% in the first quarter of 2012, reaching €204bn, according to data released today by Spain's fund management and pensions funds association Inverco.

11 May 2012
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SIG European Best Ideas fund adds BlackRock's Plackett

Lee Freeman Shore, manager of the €340m Skandia Investment Group European Best Ideas fund has put 10% or €34m toward a mandate run by Richard Plackett of BlackRock.

11 May 2012
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Bermuda and Qatar in double taxation treaty

Bermuda has signed a double taxation agreement (DTA) with Qatar, raising hopes for increased cross- border trade between the nations.

11 May 2012
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ETFS Physical Swiss Gold ETC to list on Borsa Italiana

Exchange-traded products provider ETF Securities has confirmed it will list ETFS Physical Swiss Gold ETC on the Italian stock exchange Borsa Italiana.

11 May 2012
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AcaCap confirms final closing on AnaCap Credit Opportunities Fund II

AnaCap Financial Partners has announced the final closing on the AnaCap Credit Opportunities Fund II L.P., hitting £350m.

11 May 2012
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Lyxor Hedge Fund index goes flat in April

The Lyxor Hedge Fund index has recorded a flat performance of -0.02% in April, exhibiting resilience to disappointing macroeconomic trends.

11 May 2012
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Swedish sovereign bonds hit another record low yield

The Kingdom of Sweden $2.25bn three-year benchmark bond was oversubscribed after one hour and sold at 0.498%, the lowest yield on any three year dollar deal this year.

11 May 2012
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Cheyne launches global credit and real estate bond Ucits

Cheyne Capital Management will launch two new Ucits IV compliant funds: the Cheyne Global Credit Fund and the Cheyne European Real Estate Bond Fund.

11 May 2012
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European funds set record Q1 inflow, says Lipper

The European funds industry has recorded its greatest inflows over the first quarter of the year since the beginning of 2007, at €87.4bn according to data provider Lipper.

11 May 2012
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Rethink your investments post crisis, says BNY Mellon's Jamie Lewin

Jamie Lewin, chief investment officer BNY Mellon Asset Management International, says that investors face a difficult decade ahead, and so should rethink their approach to investments in eight key areas.

11 May 2012
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JPMorgan Chase shares fall on shock $2bn trading loss

Shares in JPMorgan Chase fell almost 7% in after hours trading on Wall Street on Thursday after it revealed a surprise $2bn derivatives trading loss by a London trader.

11 May 2012
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Roger Yates steps down as CEO at Pioneer Investments

Roger Yates, the CEO of Pioneer Investments, is to step down from his post from July 24, according to a statement from the firm's parent group, Unicredit.

10 May 2012
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Mediolanum posts 160% gain in first quarter profits

Italian asset manager Mediolanum has posted a €178.6m net profit for the first quarter of the year, the company confirmed in a statement.

10 May 2012

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Events

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InvestmentEurope Fund Selector Forum France

InvestmentEurope's country specific forum for France takes place in Paris on 22 May 2012.

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InvestmentEurope Fund Selector Forum Italy

InvestmentEurope's country specific forum for Italy takes place in Milan on 12 June 2012.