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lm founder drake to surrender passport
The Supreme Court of Queensland has ordered the surrender of the passport of LM Investment Management founder Peter Drake, restrained his travel out of Australia and frozen his assets, as the Australian Securities & Investments Commission (ASIC)’s investigation into the fund management firm continues.
schroders launches european long short credit fund
Schroders is to launch an externally-managed fund this November which focusses on European corporate credits and financials.
nb unveils ar global bond fund on ucits platform
Neuberger Berman is aiming to achieve annual returns above 4% with Global Bond Absolute Return Fund, a new sub-fund of its Irish-domiciled Ucits umbrella.
royal skandia scraps trustee services fee
The Royal Skandia Trust Company is launching an offer across its entire range of trusts which will enable financial advisers and their clients to access its professional trustee services free of charge.
Pimco launches financials debt fund
Pimco has unveiled GIS Capital Securities Fund to invest across debt issued by banks, insurance companies and other specialist financials.