legacy commission – blazing a trail
The FSA is now closed… to responses on its consultation paper dealing with legacy assets and their treatment after the RDR rules come into effect. But we have not heard the end of it, not by a long shot.
Author: Portfolio Adviser
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IMA calls for clearer guidelines
The IMA has called the FSA’s guidelines on legacy commission post-RDR “unclear and incomplete” and warned they could result in increased costs for investors.
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etps trump mutual funds
The global ETP industry captured $142bn in net new assets in the year to November, while mutual funds suffered $29bn in redemptions over the same timeframe, according to BlackRock’s year-end ETP Landscape Report.
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newtons munroe takes global equities
Jeff Munroe will step down as CIO of Newton in a bid to turn around the performance of key funds in the global equities arena.
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pictet expands small-cap team
Pictet Asset Management has appointed Allain Caffort as a senior investment manager in the small cap equity team.
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meteor focuses on income
Meteor Asset Management has announced the release of its latest tranche of FTSE-based structured products, with a bias towards income for yield hungry investors.
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std life cte bonds real estate selective equities
Andrew Milligan sees the risks of 2012 being similar to those of the previous 12 months although risk assets themselves are priced cheaply.
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yield hunger takes over
Investors piled into fixed income funds in the first week of January as a hunger for yield and improved US data shaped flows, according to EPFR Global.
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lazard announces global controlled
Lazard Asset Management has launched the Global Controlled Volatility Fund, a long-only strategy designed to achieve market-like returns with 20% to 40% less volatility than its benchmark.
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signia wealth targets midlands
Signia Wealth has appointed Martin King as managing director of its newly-opened Birmingham office, as it targets ultra-high net worth (UHNW) clients in the West Midlands.
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Deutsche Bank adds to hedge fund range
Deutsche Bank has announced the launch of the DB Platinum IV Fortinbras Prism Index, a long/short Ucits strategy which aims to capture trends in fixed income, interest rate, foreign exchange and commodity markets.
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barings launches global mining fund
Baring Asset Management has announced the launch of a Global Mining Fund for ex-BlackRock vice president Clive Burstow, who rejoined the firm in June.