Fixed Income | 21 Dec 15
Fed policy will be slow but not necessarily steady – Neuberger Berman
The Federal Reserve will proceed with its rate hiking cycle slowly but there could be ‘drama’ around each FOMC meeting next year, according to Neuberger Berman’s fixed income CIO Brad Tank.
Middle East | 21 Dec 15
Dubai’s DFSA orders MAS ClearSight to pay investor compensation
The Dubai Financial Services Authority (DFSA) has censured investment banking advisory firm MAS ClearSight and directed it to pay compensation of $3.2m (£2.1m, AED12m) to 20 investors for contravening the DFSA’s law and rules.
Schroders to wind up Global REIT
Schroders has proposed a liquidation of its Schroder Global Real Estate Securities (SGRE) fund.
Tax & Regulation | 21 Dec 15
IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
Investment | 21 Dec 15
Downing enters MM space with SG Wealth’s Shillito
Downing is to enter the multi-manager arena with the acquisition of SG Wealth’s Managed fund and appointment of Neil Shillito as an investment consultant.