LandG takes full ownership of Cofunds
Legal and General (L&G) has acquired the remaining 75% share of Cofunds in a deal worth £131m.
News
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FSA announces tpir for FCA
The FSA has outlined the temporary product intervention rules (TPIRs) that the FCA will use to restrict sales of a product when it identifies there is a significant risk to customers.
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Small depositors saved in Cyprus bailout
Cyprus may have so far avoided a ‘disasterous exit from the eurozone’, but commentators warn that its economy will shrink rapidly as offshore banking, its main industry is effectively shut down following a bailout deal worth 10bn.
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Baring launches new multi asset fund
Baring Asset Management has released details of its Euro Dynamic Asset Allocation Fund which aims to generate a total return including capital and income appreciation exceeding European cash rates over the medium to long term.
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lyttletons year of woe blackrock departure
Mark Lyttleton, former poster boy of the absolute return movement, has left BlackRock, following a year that saw him removed as manager of the core BlackRock UK Fund; apologise to investors for in his UK Absolute Alpha Fund; and take a three-month break from managing money over the summer.
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schroders cazenove deal reached
Schroders has made a £424m offer for Cazenove Capital in an acquisition that will see all Cazenove funds their managers move across to the merged business, subject to shareholder approval.
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Griffiths bids adieu to Aberdeen
Paul Griffiths, global co-head of fixed income at Aberdeen, has left to pursue other opportunities after a four year stint at the asset manager.
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Aberdeen cautiously optimistic
Aberdeen Asset Management's AUM increased 10% in the first two months of the year, with strong flows into its GEM products seemingly unstoppable.
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Poor behaviour wont be tolerated
The FSA has published a business plan and risk outlook for the Financial Conduct Authority (FCA), stating how the new authority will protect both the needs of customers and the integrity of the financial services industry.
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fund flows plummet 80 percent on cyprus
Inflows into equity funds slipped to less than a fifth of the previous week’s level as fears mounted that the Cyprus bail-out’s raid on savings could prompt customers in the rest of peripheral to withdraw en masse.
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fund flows plummet 80 percent on cyprus
Inflows into equity funds slipped to less than a fifth of the previous week’s level as fears mounted that the Cyprus bail-out’s raid on savings could prompt customers in the rest of peripheral to withdraw en masse.
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RLAM unveils passive Asia equities portfolios
Royal London Asset Management (RLAM) has revealed details of the new passive portfolios that will replace its Japan Growth and Far East funds.