Baring is introducing its third long/short equity hedge fund, the Emea absolute return fund, which will invest in East- ern Europe, the Middle East and Africa. Launch- ing on November 1, the fund is aiming to deliver returns in excess of 20 per cent a year, with 15 per cent volatility. It will be managed by Marina Akopian.
Liverpool Victoria has selected Electronic Data Systems to enhance its online application capabilities and provide a tele-underwriting service for its life protection busi- ness in a contract exten- sion worth 26m.
One of the frustrations in fund management is when a promising fund manager loses momentum and the success with a small fund gives way to mediocrity after strong asset growth. Sometimes this is ascribed to cashflow issues but sometimes the problem is more permanent, the process has simply run out of capacity.
Money Marketing editor John Lappin finds that Aegon chief executive Otto Thoresen believes life offices ans IFAs working together can be the saving grace of country
Total employment in Britain has risen by 3.6 million in the past 20 years, with the financial services sector workforce growing by over one-fifth, according to the Halifax. The sector’s workforce has grown by 197,000, or 22 per cent, since 1985 from 888,000 to just under 1.1 million. In 1985, people working in financial services […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
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The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
Five overlooked government credits and allowances advisers should look out for