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Royal & Sun Alliance Luxembourg appoints funds sales manager

Royal and Sun Alliance Investments Luxembourg is appointing Shamik Cholera as retail and institutional funds sales manager for Switzerland as part of its expansion into the European market.

Shamik joins from Barclays International Funds Group, where he was offshore sales manager, responsible for marketing products in Switzerland and Luxembourg.

Shamik, who will report to sales director Jon Allen, says: "The Swiss market has had a strong appetite for international asset management product for many years and with the increasing liberalisation of the pension market, this is an excellent time to be focusing on Switzerland with an expanding asset management group".


Accountant claims IR35 tax edict will not hit IFAs

A London accountant has disputed recent claims that IFAs could fall foulof the Inland Revenue&#39s IR35 legislation. Friedmans Chartered Accountants partner Jonathan Friedman says the chanceof most IFAs being hit by the new rule is unlikely because it is aimed atindividuals or limited partnerships who serve only one client, unlike thetype of businesses IFAs operate. […]

&#39Hedge&#39 aims for 15% growth

Sophisticated high-net-worth clients are being targeted by the FrankRussell Company to invest in the alternative strategies fund. This offshore Oeic aims to produce ret-urns of between 10 and 15 per centa year.It invests in hedge fund strategies such as event-driven,market-neutral arbitrage and long and short selling. Event-driven strategies take advantage of circumstances such asstockmarket flotations […]

Premier Asset Management – C-lect Cautious Portfolio

Thursday, 12 July 2001.Type: Oeic.Aim: Growth by investing in zero-dividend preference shares.Minimum investment: £1,000.Investment split: 100 per cent in zero-dividend preference shares.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual 1.25 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent.Tel: 01483 306090.

Scottish Mutual launches income and growth plan

Scottish Mutual has launched a new income and growth plan which combines an Isa with direct share investment. The single premium plan buys shares in Dublin-based investment company Census Investments 24. Census invests in 32 blue chip stocks from FTSE 100 including HSBC, Legal & General and Reuters. Return on capital depends on the performance […]

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]


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