european funds industry continues to consolidate
The European mutual funds industry witnessed further consolidation in the third quarter as fund closures outnumbered new launches, data from Lipper shows.
Author: International Adviser
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hk trust laws reforms edge closer as govt
Hong Kong’s government has published the conclusions of a three-month consultation carried out earlier in the year to gauge industry views on plans to reform and modernise the special administrative region’s trust laws.
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nikko am appoints international cio
Nikko Asset Management has appointed Yu-Ming Wang to the newly created role of international chief investment officer and promoted Hiroki Tsujimura to CIO of Japan.
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advisers say uae change to 100 ownership
Financial advisers specialising in catering for expatriates in the United Arab Emirates say they would welcome a change to laws that currently prevent them from owning more than 49% of the companies they set up and operate there but are not holding their breath.
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renaissance offers high yield gem
Renaissance Asset Managers has launched a GEM fund with a high yield mandate for income-hungry investors and designed to be competitive with local equity and global bond markets.
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hk based intermediary fined 1 6m over lehman
The Hong Kong branch of a Taiwanese intermediary company has been fined US$1.6m (S$2m, 1.3m) over the sale of Lehman Brothers-backed structured products in 2008.
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tideway launches managed account service
Tideway Investment Partners, a London-based specialist global macro and fixed income investment analyst and fund manager, has launched a Jersey-based managed account service aimed at investors looking to investment £1m or more to protect their capital while earning above-inflation returns.
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weekly currency update we 30 november 2012
Moneycorp looks at the economic data from the last week, the effect it has had on the major currencies and what is likely to happen in the week ahead.
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eight countries in which untraceable shell
Widespread media focus on offshore financial centres, particularly Jersey, in recent weeks has focused attention on their possible use by criminals to hide and launder money…
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aes intl in sunday times fast track list for
AES International has for the second year running joined the Sunday Times list of the 100 fastest growing companies in the UK and has in fact moved up the list by seven places from 11th in 2011 to fourth this year.
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cook to world press jersey is not a haven
Geoff Cook, chief executive of Jersey Finance, which represents Jersey’s financial services industry, says recent media coverage of alleged criminal activity overlooks the jurisdiction's exemplary record and defences against financial crime
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crown dependencies meet uk treasury officials
The Governments of Jersey, Guernsey and the Isle of Man issued statements late this afternoon saying that they had met with UK Treasury officials about the possibility of extending the principles behind FATCA "to an exchange of information” with Britain.