Australia’s LMIM in administration
LM Investment Management Ltd, an Australia-based fund manager with assets under management last year of as much as A$3bn($3.1bn), has been placed into voluntary administration, International Adviser has learned.
Author: International Adviser
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devere puts its might behind jpm fusion funds
J.P. Morgan has released details of its Fusion Fund range to be run by ex-Henderson director of multi-asset, Tony Lanning, and confirmed that deVere Group will be introducing their worldwide clients to the funds.
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FSA turns heat up on SIPP providers
The Financial Services Authority has again written to providers of self-invested personal pensions and this time told them they must respond, within days, as to whether they have clients in Harlequin Property.
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uk temporarily suspends cyprus
The UK is suspending pension payments to expatriate Britons living in Cyprus until the situation there becomes more settled, the Government said yesterday.
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bbcs panorama to look at harlequin
The BBC’s Panorama news show will look at the beleaguered Essex property development company, Harlequin, next week, as part of what it says will be an investigation into “a series of financial scandals which have put at risk the life savings” of thousands.
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standard chartered looks to
Standard Chartered Bank is to use Dubai as a hub to build on growing trade between emerging markets, with plans for more regional expansion in Africa and the Middle East, a top executive at the company has said.
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baillie gifford in channel islands push
Baillie Gifford, the Edinburgh-based asset manager, has appointed a new sales manager for the Channel Islands and South West England.
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cfa global project
CFA Institute and a team of financial industry leaders including economist John Kay have launched a project which sets out a statement of investor rights and principles.
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hsbc looks for further cuts
HSBC is preparing the ground for further job cuts across the globe as it continues its strategic overhaul, according to a report in today's Financial Times.
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momentum names formosa to malta
Momentum Pensions has appointed Karl Formosa to the new position of group operations manager at its head office in Malta.
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cyprus expats holding their breath
Expatriate deposit holders in Cyprus's banks were holding their breath today as they waited the outcome of further discussions over the island's bailout, which proposes a levy on bank deposits, with the prospect of an emergency session of parliament scheduled for tomorrow.
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usf joins fecif as full member
The Union of Financial Advisers and Intermediaries, Czech Republic (USF) has joined the European Federation of Financial Advisers and Financial Intermediaries (Fecif) as a full member.