SLI to reopen UK Real Estate Fund next month
Standard Life Investments has announced it will reopen the suspended UK Real Estate Fund and associated feeder fund from 12 noon on Monday, 17 October.
Australian regulator ends legal case against two LM directors
The Australian corporate regulator has abandoned a civil penalty action against two former directors of the collapsed Queensland-based fund manager LM Investment Management (LMIM).
Emerging Markets | 26 Sep 16
BNP Paribas IP adds multi-asset EM income fund
BNP Paribas Investment Partners has launched its first multi-asset income fund focusing on emerging markets.
Tax & Regulation | 26 Sep 16
Clinton proposes 65% inheritance tax for billionaires
US presidential candidate Hillary Clinton has proposed raising inheritance tax paid by ultra-rich Americans to 65% on property valued at more than $500m (£385m, €445m), in a bid to appeal to the supporters of her former Democratic rival, Bernie Sanders.
Zurich buys Macquarie Life’s risk business
The Federal Court of Australia has approved the transfer of Macquarie Life’s risk insurance portfolio to Zurich Australia, a move that will see the Swiss firm become Australia’s fourth biggest retail insurer in the IFA segment.