New York Attorney General Eliot Spitzer has concluded his bid rigging investigation of Marsh & McLennan Cos, but he does not see a quick settlement with the world's biggest insurance brokerage. The attorney general added that although he has been
The Baring fund administration group in Jersey has secured the mandate to administer the new INVESCO UK Property Income Trust Limited. The Baring Financial Services Group International Fund Managers (Jersey) Limited will provide the INVESCO UK Property Income Trust Limited
Royal Bank of Canada (RBC) subsidiaries in Guernsey, Channel Islands, have been selected to provide custody and fund administration services for Hermes Pensions Management Limited's new offshore fund of hedge funds. This agreement represents approximately £500 million in assets under
State Street says it has been appointed by the Overseas Assurance Corporation Limited (OAC) to provide a range of investment services, including fund accounting and enhanced insurance reporting for US$2 billion in assets. OAC is the sister company of Great
Deutsche Brse and Accenture have been selected to help the Shanghai Stock Exchange build a new electronic trading system. Under the agreement, the Shanghai Stock Exchange, China's largest exchange, has licensed Deutsche Brse's Xetra trading system, which Accenture will adapt
The US Securities and Exchange Commission (SEC) is examining about a dozen US brokerage houses that may have failed to obtain the best prices while executing trades through internalization and payment for order flow methods. Specifically, regulators are interested in
New York State Attorney General Eliot Spitzer and US regulators have now turned the gaze to products sold by insurance companies that help customers enhance their financial statements, the Wall Street Journal is reporting. Spitzer's office and the US Securities
Financial Research Corporation (FRC) says US stock and bond funds experienced net inflows of $21.5 billion in September. Domestic equity funds led the way with net inflows of $11.4 billion, followed by international global with a $7.5 billion intake. American
Total US tax exempt cross border initial funding in active mandates reached $31.4 billion in the first half of 2004. This is an all time high for any half year period according to midyear initial fundings survey results released by
London based Mulvaney Capital Management (MCM) has listed its flagship Mulvaney Global Markets Fund on the Irish Stock Exchange. It says the listing will broaden the pool of potential investors in the fund, as many European investors, including onshore French