Investment
China tightens grip on fund industry
Private fund managers in China who raise money from retail investors could face sanctions under provisional regulations released by the country’s state council, according to a circular from the government.
Investment | 31 Aug 17
Rising advisory costs eat away at fund managers’ margins
Asset managers are seeing their margins being eroded because remuneration paid to fund managers and analysts is rising while overall management fees are coming down, research has found.
Law firm loses appeal in ‘mafia risk’ property project
An Italian law firm has lost its appeal against a British High Court ruling that it was under a duty to warn investors over a failed property scheme that is now under investigation for allegedly being a money-laundering vehicle for the mafia and IRA.
Fixed Income | 30 Aug 17
Kempen launches European high yield fund
Dutch-based Kempen Capital Management has launched a European high yield fund targeting returns from BB-rated debt in the junk bond market.
Investment | 29 Aug 17
Gold rallies to high after North Korea missile launch
The price of gold surged to its highest level so far this year in the wake of North Korea firing a missile over Northern Japan.