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Rensburg Fund Management to be renamed as Franklin Templeton

Rensburg, having been acquired by Franklin Templeton in January, will undergo the rebranding from October 17.

Following FSA and pending unitholder approval, all six of Rensburg¹s funds will convert from unit trusts into Oeics, all of which will adopt the
Franklin prefix.

Franklin Templeton head of UK distribution Ian Wilkins has said that the changes will not affect the running of the Rensburg units: the Rensburg fund managers will continue to enjoy full independence ­- both the team and the investment process remain unchanged. What has changed since the acquisition is the level of support the team can draw on.


New banking venture eyes NAB brands before Lloyds move

New banking venture NBNK is looking to acquire Yorkshire and Clydesdale banks to use as a platform to buy the branches Lloyds Banking Group has been forced to sell. An announcement to the stockmarket this morning confirmed NBNK’s shares had been suspended following media speculation and the size of the operations it was looking to […]

Tribunal tells FSA to publicly censure market abuse trader

The FSA has censured trader Jason Geddis for market abuse. The Tax and Chancery Chamber Upper Tribunal has directed the regulator to censure Geddis for securing the price of Lead contracts on the London Metal Exchange at an abnormal and artificial level. The FSA had proposed to prohibit and fine Geddis but the Tribunal said […]

EFG Asset Management launches UK business

EFG Asset Management, headquartered in Zurich, Switzerland, launches its UK business, EFG Asset Management (UK). EFG Asset Management, known as EFGAM, opens its funds and managed accounts strategies to third party institutional investors and financial intermediaries in the UK, with the formation of the UK firm. EFGAM presently has assets under management of $7bn and […]


New trade body for financial claims firms launches

The Association of Professional Claims Managers, a new association for financial claims firms has launched today. The APCM is a new body, founded by Brunel Franklin, Gladstone Brookes, We Claim U Gain, Financial Recovery Solutions and Synergy Financial Solutions, with other CMCs expected to join the APCM in the coming weeks and months. The APCM […]


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