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Parvest funds come onshore

BNP Paribas Asset Management is to enter the UK retail market, having registered 60 of its Parvest sub-funds in the UK since the relaxation of registration laws for offshore funds.

UK investors will now have access to Parvest, a Luxembourg-based fund which conforms to Ucits regulations. It has 11bn in assets and is distributed in 23 countries largely through third party distributors.

The umbrella fund offers a range of specialised sub-funds in all asset classes.


Compulsion could be back on agenda

The appointment of David Blunkett as Work and Pensions Secretary has increased the likelihood of compulsion, according to leading figures in the industry.

Service is a two-way street, L&G tells IFAs

Service is a two-way street and advisers need to focus on improving their communications with providers, says Legal & General group product and corporate director John Pollock.

Barings brings long-short fund to UK

Barings Asset Management is launching a new long and short equities hedge fund, managed out of Tokyo. The hedge fund will launch this summer and will be managed by Joji Maki, with full details to be announced in four to six weeks. This will be Barings second hedge fund to be set up in Asia, […]


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