News
Cayman Islands authority takes over troubled Belvedere fund
Suspended fund, Brighton SPC, has been taken over by the Cayman Islands Monetary Authority after a “forensic examination” was conducted on the investment vehicle.
Tax & Regulation | news 2 Jun 15
Review urged to curb ‘unreasonable’ regulatory costs
An urgent review is needed to avoid “unreasonable” regulatory costs and levies on UK-based financial advisers, according to the Personal Finance Society.
ILAS sales plummet in Q1 after indemnity commission ban
The number of investment-linked assurance schemes sold in Hong Kong almost halved following January’s ban on upfront payment to financial advisers.
Elian launches New York office
Global corporate services provider Elian has opened an office in New York, with plans to target intermediaries and clients across the Americas.
United Kingdom | news 2 Jun 15
Trio of acquisitions fast-tracks Henderson’s Pan Asian growth
Henderson Group has bought three Australian asset managers in two separate transactions in an effort to fast-track the development of the firm’s Pan Asian business.