coutts fined by fsa over aig product sales
Coutts & Co has been fined by the Financial Services Authority over products it sold linked to AIG.
Coutts & Co has been fined by the Financial Services Authority over products it sold linked to AIG.
The most consistent sectors for top quartile returns over the past three months were Emerging Markets, UK Smaller Companies and, surprisingly, Europe ex-UK, according to Thames River Multi-Capital.
Investor belief in an equity recovery is holding strong, despite a drop in overall confidence levels over the past six months, according to statistics from the IMA.
Fidelity Worldwide Investment has been publicly criticised by the Hong Kong regulator for failing to disclose a large position it held in Little Sheep, a company which was subject to a takeover.
Pioneer Investments is putting together an emerging markets capability in London, including the relocation of the head of the business.
Waverton has removed the perfomance fee across its equity fund range.
Thames River has added to its Multi-Alternatives team with a new hire from Deutsche Bank.
Neil Woodford’s Edinburgh Investment Trust was among only 12 trusts with gearing greater than 15% of NAV at the end of September, as managers remained cautiously leveraged during the month.
Legg Mason has opened its US Equity Income Fund to UK investors, a move that broadens yield opportunities for income seekers and could help them diversify portfolios, according to commentators.
Fermat Capital is to run a securitised catastrophe bond on behalf of GAM as a diversifier away from equity and bond propositions.
Greek Prime Minister George Papandreou is to help form a new colaition government but will not be its leader.
Fidelity Worldwide Investment has added an Emerging Markets Fund to its FAST range of funds, with Nick Price at the Helm.