Europe
ESMA unveils guidelines to improve cross-selling practices
The European Securities and Markets Authority (ESMA) has published its guidelines on cross-selling products under MiFID II aimed at improving the treatment of investors when an investment firm offers two or more financial products or services as part of a package.
Alternatives | 18 Dec 15
Goldman Sachs AM launches its first multi-manager Ucits fund
Goldman Sachs Asset Management (GSAM) has expanded its range of Ucits-compliant liquid alternatives products with the launch of a new multi-manager alternatives fund.
US investor firm targets European growth with London office
New York-headquartered investment firm Pzena Investment Management opened a new London office on Tuesday, as part of the next phase of its European expansion.
Alternatives | 15 Dec 15
Luxembourg drafts new law for Reserved AIFs
Luxembourg has published draft legislation on a new alternative fund structure; the Reserved Alternative Investment Fund (RAIF), which is expected to be adopted in the second quarter of 2016.
Europe’s insurers face business model shake up
European insurers are unlikely to be able to generate sufficient investment returns in future to meet the guaranteed rates offered on many of their regular savings products, according to a new survey by Standard Life Investments.