View more on these topics closes is closing highlighting again the pressures facing financial websites.

The decision comes two weeks after Jagnotes, another US news website, closed its European site and a day after UK website Interactive Investor International reported a 15 per cent fall in quarterly revenues. was launched in February, backed with £10.6 million from venture capitalists including Chase Capital Partners and Barclays Private Equity,

However, it has been losing £350,000 a month and was set to run out of money by the end of the year.

Under the terms of the closure will pay its venture capital partners £2million in cash and £1.25 million in shares.


Chase Fleming Asset Management – FF-US Strategic Growth Fund

Wednesday, 15th November 2000.Type: Sicav.Aim: Growth by investing in a growth style biased portfolio of US companies.Minimum investment: $5,000.Place of registration: Luxemburg.Investment split: Information technology 45 per cent, healthcare 19 per cent, consumer discretionary 14 per cent, industrials 8 per cent, financials 7 per cent, consumer staples 5 per cent, telecommunication services 1 per cent, […]

Standard Life wins award

Standard Life has been awarded the Berkeley IFAs Product Provider of the Year Award. The award was presented to Standard Life by Berkeley’s head of marketing Sally Reeves. Standard Life national account manager for the Berkeley network Martyn Willis says “We are delighted to achieve the award.” “It is well deserved and a reflection of […]

Merrill Lynch welcomes MFR reform

Merrill Lynch Investment Managers has welcomed reform of the MFR announced in the pre-budget speech last week. However, Merrill is calling for more consultation with the Government on the proposed alternatives which it believes are unlikely to change the conservatism of trustees and companies. Merrill says the pre-budget report confirmed the role of trustees in […]

Directors, limited liability partners and auto-enrolment

By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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