Schroders boosts private equity holdings with Adveq deal
Schroders is set to expand its private equity business through the acquisition of Swiss-based private equity firm Adveq Holding for an undisclosed sum.
Schroders is set to expand its private equity business through the acquisition of Swiss-based private equity firm Adveq Holding for an undisclosed sum.
FundRock Management Company has opened an office in Dublin, as part of wider the firm’s European expansion plans and to capture growing demand arising from the Brexit vote.
The Columna Commodities Fund, which “officially” invested in a range of commodity-linked assets, has suspended redemptions due to a failure to liquidate two of its investments.
Family offices and high net worth individuals are stepping up investments in private equity products, according to alternative assets data provider Preqin.
Old Mutual Global Investors (OMGI), part of Old Mutual Wealth, plans to launch the Old Mutual Style Premia Absolute Return Fund (Star) at the beginning of December.
Ahead of Wednesday’s Autumn Statement, alternative assets platform CoInvestor has urged UK chancellor Philip Hammond not to backtrack on pensions freedoms.
A Malta-listed fund, which invests mainly in fine French wines and top class Scottish whisky, said it has generated a cumulative net return of 32.2% since its inception four years ago.
With investors facing increasingly poor returns from traditional investments, the case for putting your money in alternative investments such as wine, classic cars, stamps and whisky is getting stronger, says Adam Benskin, executive director at international IFA firm Strabens Hall.
Returns from alternative Ucits funds have been disappointing over the past couple of years. But perhaps fund selectors have to blame themselves for this.
The current low growth, low inflation economic environment is likely to persist for a number of years and is what investors must bear in mind when choosing where to put their money, says Invesco Perpetual’s Georgina Taylor.
The Cayman Islands has been added to Italy’s “good tax governance” whitelist, marking a positive step forward for the islands’ financial services industry in Europe, according to Jude Scott, chief executive of Cayman Finance.
Morgan Stanley Investment Management has added the Global Balanced and Global Balanced Defensive funds to its line-up.