View more on these topics

Castlestone CEO Murray steps down

Angus Murray, the founder and chief executive of Castlestone, is to step down today as the firm prepares to liquidate its four Dublin-based funds.

Jerry Devlin, the director for global sales, will replace Murray, who will continue to provide assistance to the board during the handover period.

Murray will now focus on his role as the firm’s chief investment officer in the British Virgin Islands.

Castlestone announced yesterday that it would be closing four of its Dublin-based funds. The group says this is unconnected with the FSA’s investigation at the firm in July.

Castlestone has said that the closure of these funds will have no impact on investors in the British Virgin Island-based funds, including the Intelligent Portfolio (IQ) Asset Allocation fund.

Three of the four Castlestone funds that are to be liquidated were temporarily suspended by the Central Bank of Ireland in June.

Recommended

7

FTSE 100 soars back above 5000 as US markets rise

The FTSE 100 has rallied back above 5000 after losing over 5 per cent this morning, while in New York the S&P 500 Index has risen following yesterday’s heavy falls. At close, the FTSE 100 was up 1.89 per cent for the day at 5165, following steep early falls which saw the blue chip index […]

2

George Osborne to address Parliament over economic situation

Chancellor George Osborne is to make a statement to the House of Commons on Thursday about the current economic situation. The move comes amid volatile financial markets and a European debt crisis. Osborne will outline the UK’s view on the economy and take questions from MPs. Speaking to Money Marketing, Shadow Treasury financial secretary Chris […]

Oil and commodities hit as gold soars

The price of gold hit record highs this week as investors continued to search for safety in the midst of the market turmoil. The price of gold opened at $1,721 per ounce on Tuesday before surging to $1,779. The price of Brent crude oil dipped below $100 per barrel for the first time since February […]

US equity income: the standout market

By James Hackman, head of US Equities at Neptune With a growing dividend market, very low payout ratios and high dividend cover, the US is one of the standout equity income markets globally. It is also one of the most unloved. James Hackman, manager of the top-performing Neptune US Income Fund, highlights six key facts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment