The UBS absolute return bond fund has taken 40m in inflows during its three-week offer period. The Ucits 3 fund aims to generate a return regardless of market conditions through a diversified global bond portfolio. the targeted gross performance objective is UK bank rate plus 2.15 per cent with an anticipated volatility of 3 per cent.
AWD Holding AG announces revenue of 22.8 per cent during 2004 to 473.4m.Operating profit was boosted by 29.5 per cent to 49.3m, net profit increased by 38.9 per cent to 34.3b and earnings per share reached a record level of approximately 0.90, up by 38.9 per cent.The UK-arm of the German group, AWD plc grew […]
Lloyds TSB Financial Markets says business confidence is weaker than last month, according to the latest results from its business barometer.Only 21 per cent of companies report optimism rather than pessimism, compared to 41 per cent last month, with particular gloom around retailers and small companies.Manufacturing holds the strongest business balance of 62 per cent, […]
PSolve Alternative Investments
Select Opportunities Fund
New Star Asset Management is preparing to float in October. Plans to float last year were put on hold following poor performance of the equity markets but founder and chairman John Duffield says he is looking to go ahead after New Star’s nine-month results are published in September.
Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]