irish funds exceed 1trn for first time
The assets of investment funds domiciled in Ireland surpassed the 1trn (£830bn, $1.28trn) mark at the end of November last year, an increase of 40% on the assets held at the end of November 2009.
News
-
-
old mutual appoints emerging market head
Skandia parent Old Mutual has appointed Ralph Mupita as chief executive of its emerging market business, following the departure of Kuseni Dlamini to pursue other interests.
-
sturgeon plans central asian equities fund
Hedge fund manager Sturgeon Capital plans to launch a Ucits-compliant Central Asia Equities Fund, offering investors exposure to such markets as Kazakhstan, Turkmenistan and Georgia.
-
Hall joins RL360° executive committee
Royal London 360° has promoted Natalie Hall from head of marketing to director of marketing, giving her a seat on the company’s executive committee.
-
axa announces ipac closures in hk singapore
Axa has announced that it plans to close its Ipac financial planning businesses in Hong Kong and Singapore in the first half of 2012, as it seeks to shift its focus in Asia back to insurance.
-
four fifths of family offices advise on security
A survey of mostly American single-family offices has found that more than 80% are now offering their clients professional help in seeing that they and their families are safe.
-
dubai regulator warns on bank scam
The Dubai Financial Services Authority has issued a warning on false, misleading and deceptive statements made in relation to DIFC Investment Bank.
-
french mini fatca fears
Tax experts who have been studying Frances new tax regime for wealthy individuals are likening its treatment of trusts to elements of Americas much-criticised FATCA regulations.
-
stenham launches global macro fohf
Stenham Asset Management has launched a global macro fund of hedge funds, Stenham Helix, which joins its flagship macro fund, Stenham Trading.
-
maltese regulator fines bov
In the latest action by a regulator responding to complaints over the way certain investment products were sold ahead of the 2008 financial crisis, the Malta Financial Services Authority has fined one of Maltas largest banks.
-
shariah specialist eiib takes rasmala stake
Shariah investment banking specialist EIIB today formally announced its investment in Rasmala Holdings, a financial services company operating in the Gulf Cooperation Council countries and Egypt.
-
lombard odier hires gupta as asia cio
Lombard Odier has hired Pranay Gupta from ING Investment Management Asia Pacific, as its chief investment officer for Asia and global head of investment solutions.