UK retail fund managers Lloyd George Mangement have joined the EMX Message System. According to the company, the decision followed "encouragement" from their distributors. "A number of our intermediaries have encouraged our entry onto the EMX platform and we are
The U.S. Securities and Exchange Commission (SEC) is looking into a possible civil injunction and or administrative proceedings against Citigroup Asset Management, Citicorp Trust Bank, former asset management unit Chief Executive Thomas Jones and three other people. Citigroup said the
Investors would still opt for fixed income over equities, according to research from UK fund house New Star Asset Management. The research, conducted in association with NMG research, surveyed 641 seasoned investors as to what fund they would choose if
Ukrainian experts are painting varied pictures of the state of the country's fund markets. Yet, while operators cite considerable growth on one hand, officials are pointing at the need to make changes in legislature to provide a portfolio investor friendly
Nearly half of all US households 92 million Americans own mutual funds, and they are worth nearly $8 trillion, says a report from the Investment Company Institute (ICI), the national organisation of the US mutual fund industry. As of November
The Bank of New York has been awarded Montpelier Re's stock transfer business. This appointment expands the Bank's existing relationship with Montpelier, which includes acting as custodian and securities lending agent. "Whereas many companies are exiting the stock transfer business,
Wrap platforms provide a golden opportunity for UK IFAs to transform the value of their businesses, according to Abacus director David Ferguson. Ferguson says wraps will enable IFAs to gain appropriate value for their efforts of the past 20 years
A German amnesty for tax evaders brought in Euros 902 million ($975 million), according to a Bloomberg report. German banks, which focused efforts on the Cayman Islands and Liechtenstein, said that tax evaders had as much as Euros 300 billion
The International Organisation of Securities Commissions (IOSCO) is pressurising offshore financial centres to help regulators more readily when they are investigating wrongdoing by individuals and companies. IOSCO is promising a "dialogue" with offshore financial centres will start this month after
BISYS has established an alliance with the College for Financial Planning, a provider of training for IFAs in the United States. BISYS, which has a sizeable training business, will work with the College to prepare IFAs for Chartered Retirement Planning