News
Jersey agrees to return money laundering assets to Kenya
Jersey chief minister Ian Gorst has signed an agreement to allow the return of over £3m ($3.65m, €3.46m) of stolen assets to Kenya.
Agriculture sector funds in HK carry highest fees
Agriculture is the most expensive equity sector for mutual fund investors, based on the average of annual fees charged by sector-focused funds available for sale in Hong Kong.
Sentiment towards UK equities sinks to post-crisis low
Fund manager sentiment towards UK equities has reached its lowest point since the financial crisis. Asset managers expect the asset class to post a negative return over the next 12 months.
UBS targets mass affluent market with new wealth platform
Swiss banking giant UBS has rolled out a new digital platform in the UK targeting a broader pool of investors.
Allfunds Bank to be sold in €1.8bn deal
Allfunds Bank is to be sold to private equity firm Hellman & Friedman and Singapore’s sovereign wealth fund, GIC, in a deal that values the European mutual fund platform at €1.8bn (£1.55bn, $1.9bn).