Markets
News by: Sarah Miloudi
FSCS rebates £73m of huge 2010 levy but rejects third of claims
Despite being asked to return £113.5 million after 2010/11's massive levy, the Financial Services Compensation Scheme refunded just under £73 million to firms and rejected almost a third of rebate claims.
Chelverton plans European income trust for ex-Montanaro fund head
Chelverton Asset Management is planning to launch a European equity income trust for new recruit Ralph Singleton, who departed Montanaro Asset Management earlier this year, Wealth Manager understands.
Why value-sapped private equity may still be worth a punt
Private equity trusts are no longer the value play they once were, however Pantheon's Andrew Lebus explains why they still deserve a place in investors' portfolios.
Bluefield to target income seekers with £150m solar trust launch
Bluefield Partners is seeking to raise £150 million for a new London listed fund focused on solar energy investments.
BlackRock-Credit Suisse ETF deal delayed after OFT asks for more time
The Office of Fair Trading has said it needs more time to look into BlackRock's acquisition of Credit Suisse's exchange traded funds business.
Investec wealth arm grows profit to £50.7m in 'encouraging' year
Investec Wealth & Investment has increased its profit by close to a third year-on-year.
WH Ireland's Scott retires from stockbroker's board
WH Ireland's John Scott has retired from the stockbroker's board, though will continue to run his Manchester clients' portfolios.
Lloyds to land £450m through 15% SJP stake sale
(Update) Lloyds has confirmed it will raise £450 million in gross proceeds by selling a further 15% of its stake in St James's Place.
ARC hires Meader to head new division focused on 'knotty' EU rules
Asset Risk Consultants has tasked Paul Meader with running the firm’s new fund solutions division, which will focus on the alternative investment fund manager directive.
Lloyds to dump another 15% of its stake in SJP
Lloyds Banking Group is to sell a further 77 million of its shares in St James's Place.
Doric seeks £220m to get third aircraft fund off the ground
Doric, the asset manager behind plane funds Doric Nimrod Air One and Nimrod Air Two, is to launch a third closed-end fund.
What our analysis of more than 10,000 manager moves tells us about star exits
In what is likely to be one of the most significant manager moves of the year, Richard Buxton’s exit from Schroders led a string of high profile departures across the City. But what's the secret to success when a star manager departs? We analysed thousands of switches to find out.
Brooks' Guernsey team eight-strong after new hire
Rod Sallis has joined Brooks Macdonald International as an investment adviser in its Guernsey office, and comes on board as the firm is looking to continue its expansion.
FTSE pulls back after reaching 12-year high
The FTSE 100 has fallen after it soared to its highest level in nearly 13 years on Monday.
Blackrock bolsters real estate offering with acquisition
BlackRock has agreed to acquire MGPA, an independently-managed private equity real estate investment advisory with a foothold in the Asian and European markets.
Performance threat as investment trusts face costly new EU rules
The Alternative Investment Fund Manager Directive (Aifmd) risks raising the cost of closed-end funds and could have a detrimental impact on performance.
3i's turnaround: Don't pop the champagne just yet
The £3 billion fund's net asset value is up and costs are down, but 3i Group could have done better, analysts have said.
Liquidators find £1 million hole in Fyshe Horton Finney’s books
A gaping shortfall in client cash, transactions in frozen accounts and a two million unit discrepancy in holding records have all been uncovered in the failed stockbroker's records.
King sees stronger growth & weaker inflation for first time in post-crisis era
Bank of England governor Mervyn King has said growth in the UK will soon get 'a little' stronger, while longer term inflation should pull back.
Lord Rothschild's RIT Capital makes history after passing £2bn mark
For the first time in its history, RIT Capital Partners has seen its assets exceed £2 billion, the company has said.
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Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
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Why value-sapped private equity may still be worth a punt
Private equity trusts are no longer the value play they once were, however Pantheon's Andrew Lebus explains why they still deserve a place in investors' portfolios.
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In the current income environment, an understanding of the challenges and opportunities present is crucial to uncovering yield. Read more on this topic in the Income Opportunities supplement, in association with Lazard Asset Management.
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