News
FCA shuts down £1.2m Cyprus investment scam
An unregulated Cyprus-based investment scheme has been shut down by the High Court following an application by the UK’s Financial Conduct Authority.
OMGI sold in £600m private equity deal
A private equity firm is set to take over Old Mutual Global Investors (OMGI) next year, ending months of speculation on the future of the asset manager.
Latest news | news 19 Dec 17
Expat football mogul case shows limits of HMRC power
A football entrepreneur and Dubai resident, who rejected HM Revenue & Customs demands for information, has won a court case against the UK taxman.
Convoy goes after ex-directors for stealing HK$4bn
Troubled Hong Kong financial advice firm Convoy Global is suing 28 people for more than HK$4bn, including former chairman Quincy Wong Lee-Man and former director Roy Cho Kwai-chee who is believed to have fled the country.
Alternatives | news 19 Dec 17
How 2017 was a record breaker for investment trusts
Secondary fundraising within investment trusts hit an all-time high of £6bn in 2017, up £1bn on last year, according to research from the Association of Investment Companies.