LGIM’s profits slip despite rise in international assets
Legal & General Investment Management’s profit slipped by a marginal 3% to £171m in the first half of the year versus the same period in 2015.
Old Mutual sells Italian business to Cinven for €278m
Old Mutual Wealth has agreed to sell its Italian business to European private equity firm Cinven for €278m (£236m, $308m).
Woodford planning offshore fund launch
Neil Woodford is considering the launch of an ‘offshore feeder fund’ for the Woodford Equity Income Fund, according to reports.
EEA investors face more delays selling shares in doomed fund
Investors in the ill-fated EEA Life Settlements Fund have been told they cannot sell their shares in so-called ‘death bonds’ until later in the year as not enough cash has been generated from maturing policies, according to campaign group EEA Investor’s Group (EEIG).
Macro Views | 8 Aug 16
Abu Dhabi maintains strong credit rating despite oil slump
Abu Dhabi has maintained its AA/A-1+ sovereign credit rating as oil prices recover from their record low levels.