UBS rogue trader named
Trader Kweku Adoboli has been held over unauthorised trading at UBS’s investment bank resulting in a loss worth an estimated $2bn (£1.3bn).
Author: Portfolio Adviser
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OMAM to launch UK Opportunities fund for Murphy
Old Mutual Asset Managers have announced the intention to launch a long/short UK Opportunities fund for Simon Murphy.
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Equities cheap for a reason
There is a growing clamour of voices insisting equities are oversold and valuations cheap. But given the continued political paralysis on both sides of the Atlantic, there’s a strong argument to steer clear of stocks.
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PA Analysis: Unlike Obama I’m no bull
Obama must be bullish on the US economy, but for American stocks it will be far from plain sailing.
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Investment trusts outperform as discounts tighten
Investment trusts outperformed general markets in August due to a tightening of discounts.
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Bolton buy back offers only short-term reprieve
Fidelity China Special Situations trust has bought back its own shares to the value of £300,000.
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Alliance Savings Trust waives purchase fee
For a limited period the online purchase fee for 35 investment trusts will be waived.
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Japanese equities surprise winner over summer
While many other sectors received a pummelling over the summer months, Japanese equities joined gold and gilts in a short list of strong performers.
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Ocean Dial Asset Management newest fund house in UK
Ocean Dial Asset Management launched today as a restructured investment boutique, 100% owned and backed by Caledonia.
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iShares beefs up its fixed income offering
ETF giant iShares announced the launch of two new US fixed income ETFs on Wednesday, with exposure to both sub-investment and investment grade corporate bonds and Treasuries.
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UK’s first structured product platform launched
The UK’s first structured product investment platform launched, called SPGO.
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Investors take greater risk as bank holds rat
As the BoE holds interest rates at 0.5% investors are forced to take greater risks for their income.