United Kingdom | 13 Mar 13
lords committee says proposed gaar narrow
A House of Lords sub-committee on the Draft Finance Bill has found its plans for a General Anti-Abuse Rule are “a reasonable starting point” but “narrowly focused”, and urges that its limitations be publicised.
natixis launches indian equity fund
Natixis Global Asset Management has launched an Indian equity fund through its Luxembourg-domiciled Sicav for distribution across Europe, including the UK, and into the MENA region.
sweet spot asia delivers for prudential in 2012
Prudential’s “sweet-spot” Asian markets helped the company deliver a 14% increase in new business profit last year, on a European embedded value basis, with Asia contributing almost 20% to new business profit.
record net sales of non money market
A surge in investor confidence fuelled record sales of non-money market Ucits funds in January, according To EFAMA.
kinetic partners receives lux licence
Kinetic Partners has had an application to become a fund management company in Luxembourg approved by the Luxembourg Financial Authority.