BNY Mellon
Markets around the world rallied sharply in the first quarter on hopes the eurozone debt crisis had reached a nadir, while oil shot up sharply amid uncertainties in the Middle East. A number of UK-domiciled funds stood out against their peers in Q1 this year, but which ones did you own?
BNY Mellon has announced “ambitious expansion plans for its Asia-Pacific investment management business” and has appointed Jane Caire to see the plans through in the newly created role of Head of Strategy & Development, Product & Marketing for Investment Management in the Asia-Pacific region.
Clear signs of deficit reduction and economic growth could see Ireland move ahead of more troubled economies such as Portugal and Greece.
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Newton Investment Management's Jason Pidcock, is anticipating attractive investment opportunities in Australia, despite its reliance upon China for growth.
Capita, the authorised corporate director of the failed Arch cru funds, has revealed the settlement earlier this year cost it £17.9m.
A group campaigning for a judicial review into the Arch Cru investment funds scandal has had its initial request rejected by the High Court.
Phil Wagstaff is leaving his role as chief executive of Skandia Investment Group just two weeks after joining to become global head of distribution at Henderson Global Investors.
Jack Malvey, chief global market strategist for BNY Mellon Asset Management, expects resolution of the medium term economic fate of Europe and the US election outcome will see equities rise as much as 15% next year.
A group of Arch Cru investors have obtained figures which show the extent of the losses suffered by the fund range in the run up to its suspension.
Alcentra, a European division of BNY Mellon Asset Management, has announced its intention to launch a Guernsey-domiciled European Floating Rate Income Fund in early 2012, which is to be listed on the main market of the London Stock Exchange.
MPs campaigning for better compensation for Arch Cru investors will try to broker a blanket deal on redress to avoid the Financial Ombudsman Service being flooded with claims against IFAs.
Capita Financial Managers, which wants Arch Cru investors to accept a payoff linked to the sale of assets from the suspended fund range, has admitted that three-quarters of the remaining value of the cells is uncertain.
The redress deal struck by the Financial Services Authority and Capita, HSBC and BNY Mellon will return Arch Cru investors just 10%-15% of their original capital, according to lawyers who have seen the offers.
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