FCA fines Coinbase UK subsidiary £3.5m for onboarding high-risk clients
CB Payments Limited onboarded more than 13,000 high-risk clients who executed $226m worth of transactions
Alternatives
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FE Fundinfo: Tech and value funds receive top ratings in July Crown rebalance
Royal London received the most ‘five crown’ ratings by fund group, while four M&G strategies were downgraded
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Invesco: Sovereign wealth funds explore EM as geopolitics becomes primary concern
67% of sovereign investors expect EM to match or beat DM performance over three years
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GAM names co-CIO for alternatives
Randel Freeman heads up the division alongside Albert Saporta
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BlackRock: Eltifs could become the ‘vehicle of choice’ for private market investments
The launch of Eltif 2.0 has removed some of the structural barriers to private market investment
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Carne: Private markets due for expansion, but access and regulation barriers remain
Over 75% of wealth managers report losing clients due to lack of adequate private market access
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Morningstar: Europe-domiciled equity funds register €30bn net inflow in May
Best month for the asset class so far this year
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Small caps: Stamping out Stamp Duty
Small-cap managers claim lifting the 0.5% tax – from which AIM shares are already exempt – could be a vital step towards kickstarting the UK’s ailing stockmarket
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Time for silver to outshine gold?
The precious metal has lagged gold significantly in recent months
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Capital & Regional Reit braces for bidding war
Amid takeover interest from NewRiver Reit and Vukile Property Fund Limited
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WisdomTree receives approval to list Bitcoin and Ethereum ETPs on London Stock Exchange
Products currently listed on European exchanges
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Real estate associations back tax rules for Reserved Investor fund structure
Reserved Investor Fund is expected to be available later this year
