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UKFI courting sovereign wealth funds to buy bank stakes, say reports

UK Financial Investments is reportedly already talking to sovereign wealth funds and other potential investors about selling its stakes in the part-nationalised banks.

UKFI, which manages the taxpayer’s 43 per cent stake in Lloyds banking group and its 70 per cent stake in Royal Bank of Scotland, is reportedly sounding out potential investors so that it can begin offloading its stakes within a year.

It is not thought likely that the organisation could sell its investments entirely within a year, but rather it would look at a gradual exit phased over some time.


Pictet adds to thematic range

Pictet’s agriculture fund, which will be launched on May 29, will be the latest addition to a range of thematic products. The PF (Lux)-Agriculture fund will be managed by Gertjan van der Geer, a senior investment manager at Pictet. The fund excludes investments in soft commodities, instead focusing on equity investments in the agriculture value […]

Odey raises 25m in first retail launch

Odey Asset Management has raised 25m from investors for its first retail fund launch, UK Absolute Return. The Ucits III fund was brought to market on May 12 allowing retail investors to access the hedge fund strategy used by Crispin Odey. Although Odey will not be lead manager on the fund, he will assist James […]

Standard error hit pension clients

Over 4,000 Standard Life unit-linked pension policyholders have seen the value of their pension funds drop, with some down by as much as £30,000, after a pricing error seven years ago. The firm admits 6,800 customers were affected in a reprice in 2001 and 2002, with 4,200 policies overstated and 2,600 understated.

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


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