‘Free-riding’ passive investors under central bank scrutiny
Passive investors pay scant regard to the fundamentals of individual securities and free-ride on the work of active investors with implications for financial stability, price discovery and index correlation, according to a paper from the Bank of International Settlements.
Best Practice | 13 Mar 18
Comedian Dodd bows out with another tax dodge
The final joke was on the UK taxman, as Liverpudlian comedian Sir Ken Dodd married his partner of more than 40 years just days before his final curtain, ringfencing his fortune from IHT.
Old Mutual hit with US lawsuit
South Africa-headquartered Old Mutual has confirmed it is facing a legal claim related to “pre-existing plc head office legacy items relating to previously disposed US assets”.
Chinese life insurance slump hits Hong Kong
Life and annuity revenue premium rose over 10%, year-on-year, during 2017 despite the flow of money from mainland China levelling off, figures from the Hong Kong Insurance Authority reveal.
DeVere chief: ‘STM was the best of a bad bunch’
DeVere founder and chief executive Nigel Green said he bought a 24% stake in financial services group STM after struggling to find a good European provider to invest in, referring to the company as the “best of a bad bunch”.