As both the Government and the FSA trundle the winding paths towards their very own elephant graveyards, one has to wonder at the bare-faced cheek of an organisation which seeks to defend the indefensible and continues to prop up the rotting struts supporting the disintegrating edifice.
Patrick Armstrong and Ana Cukic Armstrong, formerly co-heads of Insight’s multi-asset desk, have launched their own firm. The duo say Armstrong Investment Management (AIM) is intended to sit between the traditional and alternative fund space, and will serve the pensions and wealth management markets. The firm will manage assets on a customised and pooled fund […]
Nimrod Capital plans to launch a closed-ended fund investing in smaller gold stocks and mining shares.The group says an anomaly has opened up with gold spot prices close to $1,000 (£608) an ounce but the share prices of smaller gold companies lagging the upward momentum.Nimrod Capital was set up last year by Marc Gordon and […]
The House of Lords European Union Committee has hit out at the Government saying it has failed to sufficiently influence the debate on financial regulatory reform in Europe.
Jacob de Tusch-Lec explains why he favours bond proxies in Europe (and China). To watch the video click here
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]