ETPs should have risk warnings, says Evercore
A call for ETP to be classified as either simple or ‘complex’ has been made by Evercore PA’s CEO.
Industry
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Morgan Stanley unveils long/short equity fund
Morgan Stanley and US manager Ascend Capital are to launch a Ucits-III long/short strategy.
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Society of Trust and Estate Practitioners steps in to help with dispute litigation
Step has created a course to help advisers deal with trust disputes and litigation.
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Wilfed Sit swaps Mirae for new role at Barings
Fund managers are taking advantage of undervalued earnings multiples in the UK consumer sectors.
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CPYI to repurchase HK$9.6m of Lehman minibonds
CPYI is to repurchase Lehman Brothers-backed structured products worth HK$9.6m from investors.
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Guernsey to follow Jersey with foundations law
The Guernsey government is inching closer towards introducing a foundations law in the jurisdiction.
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Veritas hires new fund manager for Asia team
Veritas has hired former Schroders and Merrill Lynch manager Lucy Colback.
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HMRC launches new task forces to tackle tax dodgers
HM Revenue & Customs is creating a raft of new task forces to target tax evaders by industry.
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Merrill Lynch fined $3m by Hong Kong regulator
The SFC in Hong Kong has reprimanded and fined Merrill Lynch $3m for systems failings.
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Former deVere manager ordered to pay £2.9m damages over AES move
IFA firm de Vere has won almost £3m in damages from the former manager of its Brussels office.
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Vam appoints sales rep for UK and Europe
Vam Funds has appointed Pavan Varma to its sales team.
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SFC looking at business trusts, IPO sponsor liability: Reuters
Hong Kong’s SFC is looking into the types of business trusts it will allow, Reuters is reporting.