United Kingdom
BlueCrest Capital to refund investors amid outflows and profit worries
Jersey-based hedge fund BlueCrest Capital Management is to return investors’ money after being hit by outflows and pressures on its profitability through fees, staffing, and meeting client needs.
United Kingdom | 1 Dec 15
Financial firms outsource advice to unregulated third parties
Some UK financial adviser firms are delegating the entire regulated activity of providing advice to unregulated third parties, according to the Financial Conduct Authority (FCA).
Tilney planning range of smart beta, multi-asset funds
Tilney Bestinvest plans to launch a range of smart beta, multi-asset funds in 2016.
RL360 Group completes CMI acquisition
Following regulatory approval from the Isle of Man and Hong Kong, RL360 Group has completed its acquisition of Clerical Medical International Insurance Company (CMI) for an undisclosed sum.
United Kingdom | 1 Dec 15
Praemium eyes acquisition of UK SIPP provider
Australia-headquartered platform technology provider Praemium has set its sights on acquiring a SIPP provider in the UK to tap into the opportunities created by George Osborne’s radical pension reforms.