Market uncertainty makes choosing a fund more challenging for selectors and advisers with investors and clients often excessively focused on short term safety and returns. Managers from Millennium Private Banking wealth management unit, part of Portugal’s...
Argonaut Capital Partners and Ignis Asset Management have agreed to restructure their joint venture with Argonaut taking management control with 60% of the company and Ignis reducing its stake from 50% to 40%.
Castle Private Equity has received regulatory approval to buy back up to 4% of its share capital, equivalent to a maximum of 1,728,000 shares.
Russell Investments, the global investment management company, has appointed Jim Leggate as managing director of its Middle East business.
Oanda Corporation, the New York-based foreign exchange dealer, has established Oanda Japan a subsidiary for institutional and retail clients in the Asia Pacific region.
The markets turmoil and sovereign debt crisis have encouraged speculation about a possible breakup of the eurozone or the departure of one or more of its members. But there is no simple institutional mechanism to facilitate such an outcome.
The US credit rating downgrade, the continuing government debt crisis and sharp stock market declines have left investors shell-shocked. Senior officials from JP Morgan asset management outline their views on the crisis.
Asset managers are giving Spain another look in search of investments opportunities in the country’s renewable energy sector in spite of the current eurozone turmoil, according to fund managers and Spanish press reports.
Investors'concerns about the eurozone’s rescue plan for Greece and fears of a global economic slowdown have refocused attention on the euro with Spain and Italy facing renewed pressure.
The Financial Services Authority (FSA) has agreed to sell its approved reporting mechanism known as the Transaction Reporting System (TRS) to the London Stock Exchange for £15m. The sale must be approved by the Office of Fair Trading.
Fidelity FundsNetwork has launched Portfolio Evaluator, a new independent online asset allocation and risk modelling service for advisers.
Moody’s threat to downgrade Spain’s rating should not be perceived as another major shock, a fund manager said on Friday. But he warned that politicians will have to be more convincing about their efforts to resolve the crisis.
Financial boutique Signia Wealth has registered as an investment adviser with the US Securities and Exchange Commission (SEC) to comply with new regulations.
The wealthiest people in the UK are making their fortunes through a mix of entrepreneurship and hard work according to new research published this week by the Skandia group.
The outlook for pension funds has become more uncertain as a result of the eurozone debt crisis and slow economic growth in the developed economies, the Organisation for Economic Co-operation and Development (OECD) said in its latest report on the industry....
Amundi, the European investment management company, has launched Amundi Funds Bond Emerging Inflation, a sub-fund of its Luxembourg SICAV Amundi Funds.
Religare Capital Markets Limited (RCML), the investment banking and securities arm of emerging markets financial services group Religare Enterprises Limited, has acquired a controlling stake in South African broker Noah Financial Innovation (Noah).
BNY Mellon Alternative Investment Services (AIS), a leading hedge fund service provider, has been named the largest global administrator of alternative UCITS funds in a survey by the Absolute UCITS online publication.
Success of the financial rescue package for Greece in the long term will depend on factors outside its control - and its capacity to implement the plan.
Since the beginning of the sovereign debt crisis in the euro area, important measures to stabilize the euro area, reform the rules and develop new stabilization tools have been taken. The recovery in the euro area is well on track and the euro is based...
A glass is half full or half empty depending on your perspective. Nowhere is that more true than in the world of corporate expectations.
European sentiment about the economic outlook fell in July to its lowest level since April 2009 with global asset allocators cutting their exposure in the region, according to a BofA Merrill Lynch global research report published this week.
OBSR, the investment fund research and services company, has removed two Latin American equity funds from HSBC from its global fund ratings service following the departure of senior HSBC portfolio manager Jose Cuervo.
Santander Asset Management (SAM), Grupo Santander’s global asset management unit, has appointed José Cuervo as its new global head of regional mandates for Latin American equities.
The European funds industry is waking up to the fact that the proposed new US rules designed to stamp out tax evasion could fundamentally affect the business of the smaller fund distributors.
Fernando Cristino Coelho, head of Espirito Santo Activos Financeiros, voted best fund manager in Portugal in 2010, reveals his fund manager selection strategy.
State Street Corporation, the financial services company, has opened a Center for applied research to provide clients with strategic insights into the investment management industry.
China’s move to further open up the country’s wealth management sector to foreign players will shake up competition in what has been a protected local market.
Allianz is increasing its product range for Spanish investors with three new funds, at a time when Spain has “more doors open to foreign asset managers than there have ever been”, the company’s regional managing director says.
Asset managers stand to take the biggest haircut should Greece vote against a tough austerity plan required for the country to receive its next tranche of financial aid. Without the aid from the European Union and the International Monetary Fund the country...
Chinese support will help the embattled eurozone over the short term, but structural problems will continue to undermine efforts to resolve Europe’s sovereign debt crisis, analysts said.
The relationship between banks and borrowers is changing with more optimism for credit performance in spite of continuing concerns about mortgage markets, according to a European credit risk survey published on Thursday.
Skandia International, the offshore business of Old Mutual Wealth Management, has extended the investment choices available for its Spanish collective investment bond (CIB) by launching 36 new funds and providing access to five investment groups previously...
Sue Hayes has been appointed managing director of Santander Private Banking UK, subject to approval by the Financial Services Authority.
UBS, Switzerland's largest bank, is under investigation in France following a complaint over its marketing practices.
Kleinwort Benson has completed its £26.4m purchase of the Close Offshore Group (COG) subject to post closing adjustments.
The Spanish government is expected to approve new rules next month that will penalise banks paying out “excessive” interest rates in a move to cool a damaging “deposits war” between banks.
One in four companies in Spain that sought a bank loan in 2010 failed to obtain it, according to a survey by the National Statistics Institute (INE) published on Thursday (26 May).
Legal & General Investment Management (LGIM), a wholly-owned subsidiary of Legal & General plc, has appointed Suresh Sadasivan as its new head of Asian equities, replacing David Riddle, who is retiring at the end of May after 14 years in the position....
Fund managers with no significant skill in stock-picking can outperform the market and it is a mistake to confuse track record and skills, according to research from Inalytics, a management evaluation consultancy.
European investors’ enthusiasm for high-yield assets declined in the second quarter of this year, though they remain favourites, according to Fitch’s latest European senior fixed income investor survey.
Atanas Bostandjiev has been appointed CEO, UK and international, at VTB Capital plc, the London-based investment arm of the VTB group.
The decision to impose a radical restructuring of ailing savings banks as a precondition for financial support was the right way to proceed, Miguel Fernández Ordóñez, Banco de España governor, said on Monday (23 May).
Financial executives say they want technology that allows them to process more data more quickly, cheaply and reliably, according to a Bloomberg survey published on Monday (23 May.)
More than two thirds of investors (69%) believe that the high-risk and high-reward characteristics of single asset funds makes them unappealing, according to a survey for the UK’s Prudential.
The forecast for Lisbon’s finances looks bleak, with fund managers expecting investment in funds to remain weak until recovery after the EU-IMF rescue.
Cheviot Asset Management, the private UK wealth management company, has opened an office in Liverpool, its first outside London.
The rise in manager search activity in 2010 reflects growing investor appetite for emerging markets and alternative asset classes, according to a report from consulting firm Mercer.