Industry
Invesco Powershares launches ‘unique’ S&P 500 Ucits ETF
Invesco PowerShares, the exchange-traded funds arm of Invesco, has launched a refined version of an S&P 500 ETF under the Ucits framework.
French authorities raid soccer stars’ homes in tax probe
The homes of Paris Saint-Germain players Angel Di Maria and Javier Pastore were searched on Tuesday morning by French anti-corruption officers, in the latest tax fraud probe to rock the football industry.
People Moves | 23 May 17
PEOPLE MOVES: Neptune, Lombard Odier, Schroders, SLI
Neptune Investment Management’s China fund manager exits after 10 years as Lombard Odier announces a new chief executive for its Asia division. Schroders hires an investment heavy hitter to the newly created role of head of global sales while Standard Life bolsters its multi-asset team.
Best Practice | 23 May 17
Isle of Man regulator takes action to stem fund failures
The Isle of Man financial regulator is to crack down on collective investment funds by setting out “effective” guidance rules to “safeguard the reputation of the island”.
China’s HNA looks to buy a stake in Value Partners
Chinese conglomerate HNA Group is looking to buy a stake in Hong Kong fund management firm Value Partners, making it the company’s fourth investment in an asset manager in the past six months.