The European Securities and Markets Authority (ESMA) has published final guidelines on the reporting obligations for alternative investment fund managers under the new Alternative Investment Fund Managers Directive, launched in July.
Dennis Pellerito is one of two former employees rejoining Fidelity to bolster its sales presence among UK intermediaries.
The £840m British Empire Securities & General trust has abandoned its performance fee, but hiked its annual management charge in a move that the directors believe will result in lower potential total expenses for the company.
Standard Life Wealth (SLW) has successfully completed the acquisition of Newton Private Clients, which boasts some £5.5bn AUM.
As sterling continues its slide towards three-year lows against the dollar, as well as further weakening against the yen and euro, investors need to weigh up the risks of currency depreciation affecting sterling-based returns.
City Financial has hired Peter Toogood and Gill Hutchison, who have joined the firm today.
Guinness Asset Management has launched the Guinness EIS 5, investing in UK sustainable energy companies.
In many ways the US appears to have judged the recovery right. Its economy has emerged stronger and faster from recession than any other, and its banking system and housing markets are by and large mended. Superficially at least, it is possible to justify the relatively high valuations for US stocks. Yet as it careers…
The Unicorn AIM VCT has launched an offer for subscription, aiming to raise £20m through the issue of up to 25 million new ordinary shares.
Royal London Asset Management (RLAM) is to launch three new short duration bond funds designed to mitigate interest rate risk.
European ETP provider Source is to launch of an ETF designed to match the returns of investing in private equity buyout funds through exposure to listed, public-market instruments.
A majority of fund managers now view emerging markets as undervalued as fears of an immediate tapering of US quantitative easing subside, according to research from the CFA Society of the UK.
