News
Active share neither silver nor bullet shaped
Robin Geffen’s call for the Financial Conduct Authority to make the disclosure of active share mandatory is the latest shout in what is a growing clamour for better ways to provide evidence of what he refers to as ‘truly active’ management.
HMRC defeats Disney avoidance scheme
HM Revenue & Customs has defeated in the Court of Appeal a tax avoidance scheme which made false investments into Disney films.
United Kingdom | news 17 Feb 15
Asset management CEOs bullish on revenues
A report produced by PwC has revealed 88% of asset management CEOs are confident about revenue growth this year.
FECIF firmly disagrees with
The European Federation of Financial Advisers and Intermediaries (FECIF) has said it “firmly disagrees” with a requirement in MiFID II for asset managers to provide clients with information on inducements paid to advisers.
Incompetent directors escape record 111m fine
The highest court in the Cayman Islands has thrown out a record fine given to two directors who operated a fund which caused investors to lose millions.