News
People Moves | news 5 Jul 16
PEOPLE MOVES: Friends Provident, Old Mutual, Legal & General
Friends Provident International and Old Mutual Global Investors have announced senior appointments in Asia. Legal & General Investment Management has created a new head of wealth management role and Axa IM has boosted its UK distribution efforts with its latest recruit.
Alternatives | news 4 Jul 16
SLI suspends UK Real Estate Fund, property shares hit
Financial services giant Standard Life Investments (SLI) has suspended all trading in its UK Real Estate Fund following an increase in redemption requests, triggering share sales in property and asset management companies.
UK fund trade body working to improve fee disclosure rules
The UK’s Investment Association (IA) has assembled an independent advisory board of established industry figures to create a standardised disclosure framework for investment costs.
Gibraltar, Cayman sign MoU on alternative investment funds
The Gibraltar Financial Services Commission (GFSC) has signed an agreement with the Cayman Islands Monetary Authority (Cima) on the oversight of alternative investment fund managers.
Zedra expands in Europe with Dutch acquisition
Zedra, an independent trust, fiduciary, corporate and fund services provider, has agreed a deal to buy Netherlands-based Allied Corporate Services to strengthen its position inside the European Union.