News
Fixed Income | news 20 Jun 16
To sell or not to sell: EEA investors facing ‘dismal’ options
Investors in beleaguered Guernsey-based EEA Life Settlements Fund are stuck between the devil and the deep blue sea as they decide whether to sell their shares at a heavily discounted price or face another 10 years in the failed fund.
Micro factors could trump macro after Brexit – JPMAM’s Flanders
While investors should be wary of macroeconomic factors impacting UK equities and sterling in the short term post-Brexit, the microeconomic consequences could be bigger in the long-term, according to Stephanie Flanders, JP Morgan Asset Management’s chief market strategist for Europe.
Investment | news 20 Jun 16
Arck advisers ordered to pay just £562k following £50m fraud
Two UK financial advisers, who gave clients bad advice to invest in fraudulent property investment scheme Arck LLP, have been ordered to pay £562,766 ($807,721, €716,087) for their part in the £50m scam.
Hang Seng to take majority stake in Chinese asset manager
Chinese regulators have approved Hang Seng Bank’s application to take a majority stake in a new asset manager, making the newly-formed company the first onshore fund house with a majority stake held by a non-mainland entity.
Commodities | news 20 Jun 16
Water fund aims to flow with world demand
Water is not only essential for life, but also for the expansion of industries and economies, according to Simon Gottelier, senior investment manager at Pictet Asset Management.