North America
Asset managers expect US equity collapse
Asset management companies expect US equities to generate negative returns in excess of 5% in dollar terms, according to a poll conducted in April by International Adviser’s sister publication Expert Investor.
Fund distributor: The state of independence
Neuberger Berman’s Dik van Lomwel shares his views on the company’s local-to-local distribution strategy, life after Lehman Brothers and how the New York-headquartered firm’s clients will define its future.
North America | 14 Apr 16
Canada investigates fund transfers to the Isle of Man
Canada’s Revenue Agency (CRA) has audited 3,000 electronic funds transfers to the Isle of Man, made by around 800 Canadian taxpayers totalling C$860m (£472.2m, $672.5m, €593.4m).
Top 50 US firms stashing $1.3trn offshore, says Oxfam
The 50 biggest US corporations have more than a trillion dollars hidden offshore, according to a new report published by Oxfam on Thursday.
US gov challenging MetLife’s ‘too big to fail’ court win
The US Treasury has confirmed that it will appeal a federal court judgment that insurer MetLife is not a systemically important financial institutions (Sifi) and therefore should not face tougher regulatory oversight.