Barclays Financial Planning and Skandia Investment Management (SIML), the asset management arm of the Skandia Group, have inked a distribution deal by which Barclays' "wealth advisers" will sell SIML's range of Actively Managed Funds. The 200 strong team of Barclays
The London Stock Exchange says Reuters and ComStock a subsidiary of Interactive Data Corporation have developed their systems to offer Level 1 Plus, the real time data service it launched earlier this month.
Lynx Wealth Management Systems, the wealth management systems vendor, has launched 4DOCS, a software interface which it says will deliver increased efficiencies through the integration of Lynx 4Series system and third party document management systems. Developed in partnership with Alternative
UK charity fund returns were fairly modest during the second quarter, returning 1.4 per cent. Among asset classes, equities returned 1.8 per cent, outperforming the 1 per cent loss for bonds and a 1 per cent gain for cash during
UK pooled balanced pension funds continued to make small gains in the second quarter of 2004, achieving a median return of 0.7% (1.1% in quarter one). But, during the quarter, positive overall equity returns were offset by negative returns in
ING has sold CenE Bankiers to Bank Van Lanschot for an undisclosed sum. The transaction will complete in October this year. ING said in a statement that CenE Bankiers, which employs 400 people, contributed Euros 28 million ($34.68 million) to
J.P. Morgan Chase reported a quarterly loss yesterday after setting aside an additional $2.3 billion for legal costs related to the WorldCom, Enron and other scandals. It also approved a $6 billion stock repurchase program. The New York based bank,
Citigroup says the Securities and Exchange Commission (SEC) is considering enforcement action related to the entry of the bank into the transfer agency business in the late 1990s. The SEC investigation was first disclosed by Citigroup in November 2003. Citigroup
Misys says the second half of its financial year, which ended on 31 May, was much stronger than the first. On the banking side, order intake was up 8% and the company says it has an encouraging pipeline of new
FTSE Hedge, a new global hedge fund index, is now live. It is calculated by FTSE Group, the index provider. The opening index value is based on the net asset values (NAVs) of the Hedge Fund constituents on 31 May