investors in suspended uam fund
Investors in the stricken Strategic Growth Fund, formerly managed by United Asset Management, are being asked to vote on the transfer of liquid assets into a new fund.
Investors in the stricken Strategic Growth Fund, formerly managed by United Asset Management, are being asked to vote on the transfer of liquid assets into a new fund.
The Channel Island of Jersey is responsible for inward investment of almost £500bn into the UK, and supports around 180,000 British jobs, according to a new report that Jersey officials are actively calling attention to.
Graham Bentley, former head of proposition at Skandia, has joined Axa Wealth as interim head of fund group relations.
Neuberger Berman has launched three new sub-funds of its Irish-domiciled Ucits funds umbrella, Neuberger Berman Investment Funds, focusing on the emerging market debt space.
UK property investor Brandeaux has suspended all of its funds, citing problems with market liquidity and pressures from investors wishing to redeem their investments.
A joint administrators’ report has shone a spotlight on the problems at Harlequin Property, the beleaguered, Essex-based luxury resort property company, showing it is owed some £86m by “the various Harlequin companies” located outside the UK.
Brandeaux has suspended all of its funds citing problems with market liquidity and redemption requests.
Crestbridge, the Jersey-based financial services firm, has launched a family office service operation, and hired Heather Tibbo to head it up, as it looks to expand.
BlackRock has completed its acquisition of Credit Suisse’s ETF business, with the combined business operating under the iShares brand from today.
The UAE’s Securities and Commodities Authority has announced an “emiratisation” programme for the financial brokerage sector.
From today, some forms of tax avoidance will be regarded as money laundering “predicate offences” in Singapore.
The FCA has introduced two legal forms of collective investment schemes as part of its policy statement on the AIFMD, bringing the UK in line with the rest of the EU.