Old Mutual sells Italian business to Cinven for €278m
Old Mutual Wealth has agreed to sell its Italian business to European private equity firm, Cinven for €278m (£236m, $308m).
Old Mutual Wealth has agreed to sell its Italian business to European private equity firm, Cinven for €278m (£236m, $308m).
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Ascot Lloyd has announced the acquisition of fellow IFA business Harvard Financial Management.
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International efforts to end the secrecy of offshore tax havens – seen by governments as the solution to tackling tax evasion – may lead to some undesired side-effects, according to experts in the industry.
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Miton’s share price fell 28% following news of George Godber and Georgina Hamilton’s planned exit from the firm.
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The Financial Conduct Authority is to crack down on pension-related investment scams as one of its main priorities for the coming year.
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A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
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With returns from European equities distinctly harder to come by than during the QE inspired climb last year, active funds falling short in active share terms are going to find investors less forgiving.
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Fundsmith’s Terry Smith has said he will vote to leave the EU on 23 June.
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Old Mutual Global Investors has added to its Asian equities roster with the recruitment of an investment director.
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Global markets have grabbed a handhold on the equities cliff as China continues to fall, and managers are divided on how best to react.
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Thomas Miller Investment has unveiled two Dublin-domiciled bond funds as it looks to grow its collective investment funds business.
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Neil Woodford’s Patient Capital Trust, the second offering from the star manager’s company, is the largest ever UK investment company launch, according to the Association of Investment Companies.
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