Woodford launches offshore feeder fund
Woodford Investment Management is launching an offshore feeder fund for the CF Woodford Equity Income fund, offering investors outside the UK an opportunity to invest in high profile fund manager Neil Woodford’s investment strategy.
Commodities | 13 Oct 16
ANALYSIS: Is commodities a key call for 2017
2016 has been a good year for commodities. Year-to-date, the FTSE World Mining index is up just less than 56% in dollar terms, while the FTSE oil and gas index is up just less than 20%.
Middle East | 13 Oct 16
New UAE bankruptcy law ‘does not cover’ bounced cheques
Bouncing cheques will remain a criminal offence in the UAE despite indications that the region’s new bankruptcy law would remove the threat of jail, a senior Emirati lawyer has said.
Sanlam merges wealth arms, courts advisers in SJP challenge
Sanlam UK is to set up a new division encompassing its discretionary fund management and financial advice divisions and launch a partnership initiative for advice firms to join the group in a move that challenges St James’s Place’s existing model.
Half of new billionaires in Asia but Europeans fare best
Led by China, Asia created one billionaire nearly every three days and accounted for over half of new billionaires in 2015 despite global billionaire wealth declining last year by $300bn to $5.1trn (£4.2trn, €4.6trn), according to a joint UBS Group and PwC report.