Investment | 6 Mar 17
ETF industry grew faster than hedge funds in 2016 – ETFGI
The amount of money invested in exchange traded funds (ETFs) last year was $530bn (£430bn) larger than the total invested in the entire global hedge fund industry, according to new data from ETFGI, an independent research and consultancy firm.
Tax & Regulation | 6 Mar 17
HMRC reveals 80% rise in annual allowance breaches
The number of people breaching the annual allowance has jumped by almost 80% for the 2014/15 tax year, data from HM Revenue & Customs (HMRC) has shown.
People Moves | 6 Mar 17
Praemium names interim CEO after sacking Ohanessian
Platform provider Praemium has named Robert De Luca as interim chief executive following its decision to part ways with Michael Ohanessian last month.
Standard Life and Aberdeen agree to £11bn merger
Standard Life and Aberdeen Asset Management have agreed to merge in an astonishing £11bn (€12.7bn, $13.5bn) deal, following a weekend of intense talks.
HK regulator brings in fee disclosure for fund managers
Hong Kong’s Securities and Futures Commission now requires fund managers to disclose the ongoing charges figure (OCF) on their funds’ key facts statements (KFS), according to a circular from the regulator.