The past 12 months haven’t been a great time for equity investors. Only US equities delivered a positive return during the period, albeit a modest one. A year ago, few European investors were betting on this asset class to do well though.
US-based AQR Capital Management is to open an office in Hong Kong to focus on sales and client servicing while evaluating China’s investor base.
The firm aims to distribute a US expatriate-focused “wrapped international pension” product through private banks and family offices.
UK chancellor George Osborne and the Financial Conduct Authority (FCA) intervened in a US investigation that could have seen Europe’s largest lender, HSBC, prosecuted for money laundering, a new report claims.
Legg Mason has acquired an 82% stake in US-based online investment adviser Financial Guard for an undisclosed sum.
A former Credit Suisse banker, who has been on the run for five years, pleaded guilty in a US federal court on Wednesday to helping Americans evade paying tax.
The US Securities and Exchange Commission said it has obtained a court order freezing the assets of an investment adviser charged with secretly siphoning millions of dollars from professional sports stars in an alleged Ponzi scheme.
European investors hoarded cash in May. As Brexit-induced uncertainty dominated markets, they poured a net €14bn (£10.8bn, $15.8bn) into USD money market funds, according to Lipper fund flows data.
To be introduced in the UK in April 2017, the Lifetime Isa (Lisa) is intended to incentivise people to save for their first home, their retirement, or both. But research published by the independent Pensions Policy Institute (PPI), sponsored by Royal London, compares the tax-free savings scheme with its international counterparts and highlights some challenges…
The vote on Brexit is now less than two weeks away and markets are increasingly feeling the ill effects of the uncertainty.
Rathbones’ David Coombs worries about the silent Brexiters, reluctant to admit they’re in ‘camp leave’ in case they’re seen as little Englanders. And while he believes the UK will vote remain, he’s taking precautions.
New York has been named as the destination of choice for young financial advisers looking to start their careers, according to a poll of its own graduates by the deVere Group.
