View more on these topics

Vanni&#39s rum do

Equitable chairman Vanni Treves earned his corn at the stricken society&#39s AGM last week, opening a gift from a policyholder at the University of the West Indies – a bottle of Jamaican rum.

Treves spent a rum morning fielding questions from disgruntled retired colonels, no doubt wondering whether the ordeal was worth £125,000 a year. But after Treves gave a lengthy tirade against the leadership of the Equitable Members&#39 Action Group, he blew it by voting (inadvertently) for its resolution.

Recommended

&#39Pensions Bill will discourage saving&#39

The Association of Consulting Actuaries is warning that the Government&#39s proposals to encourage occupational pensions are more likely to discourage provision and add to employers&#39 costs. An ACA survey found that of the 459 responses from smaller firms, only 8 per cent said the Pensions Bill would increase occupational pension schemes in individual businesses. The […]

Lipper revamp aims to boost comparisons

Rating agency Lipper is developing a new fund classification structure based on analysis of underlying holdings in a bid to offer IFAs and investors more detailed performance comparisons. The structure should allow IFAs to compare the funds in Lipper&#39s UK, European, global and North American equities categories using style and market capitalisation considerations. It could, […]

Pinder Fry & Benjamin – Gold 9

Type:Exempt unit trust Aim: Growth by investing in Ernst & Young&#39s Central London office Minimum investment: Lump sum £25,000 Investment split: 100% in a commercial property Place of registration: Dublin Closing date: July 14, 2004 Charges: Initial 4.96% Commission: Initial 1.75% Tel: 020 7291 7700

New Star Asset Management – New Star Managed Hedge Fund

Type: Fund of hedge funds Aim: Growth by investing in a portfolio of New Star hedge funds Minimum investment: Lump sum £100,000, $200,000 Place of registration: Dublin Investment split: 26% New Star hedge fund, 20% New Star Japan Hedge Fund, 18% New Star Convertible Opportunities Hedge Fund, 10% New Star Global Wealth Management Hedge Fund, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment