News
Middle East | news 21 Dec 15
Dubai’s DFSA orders MAS ClearSight to pay investor compensation
The Dubai Financial Services Authority (DFSA) has censured investment banking advisory firm MAS ClearSight and directed it to pay compensation of $3.2m (£2.1m, AED12m) to 20 investors for contravening the DFSA’s law and rules.
Schroders to wind up Global REIT
Schroders has proposed a liquidation of its Schroder Global Real Estate Securities (SGRE) fund.
Tax & Regulation | news 21 Dec 15
IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
Investment | news 21 Dec 15
Downing enters MM space with SG Wealth’s Shillito
Downing is to enter the multi-manager arena with the acquisition of SG Wealth’s Managed fund and appointment of Neil Shillito as an investment consultant.
Emerging Markets | news 21 Dec 15
Emerging market corporate bonds – between a rock and a hard place
Debt-to-GDP ratios in emerging market countries have been rising at alarming rates this year, according to the latest data from the Institute of International Finance (IIF). China, Saudi-Arabia and Turkey have seen the most rapid debt build-up.