The Financial Services Practitioner Panel has called for the FSA to provide higher quality supervision of firms in order to justify the increased levies it is demanding.
Gilts yields skyrocketed yesterday after the Bank of England announced it was considering putting its quantitative easing plan on hold.
Db x-trackers has listed a Ucits III compliant exchange traded fund based on hedge funds on the London Stock Exchange.
Henderson Group has warned that it expects profits to halve for the first half of this year to 25m-28m, including one quarter’s contribution from New Star, down from 50.8m in 2008.
Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]