All news

Jupiter promotes Alastair Gunn and Chris Watt

Thu, 25/04/2013 - 14:26

Jupiter Asset Management is to extend the responsibilities of two of its equity income managers, Alastair Gunn and Chris Watt. »

Geoff Cook, chief executive, Jersey Finance

Jersey Foundations break through 200 milestone

Thu, 25/04/2013 - 12:16

The number of Foundation structures registered in Jersey has broken through the 200 barrier, fewer than four years since their introduction. »

Bonhams takes world record of GBP6.2m for blue diamond

Thu, 25/04/2013 - 10:25

An extremely rare fancy deep-blue diamond weighing 5.30 carats has sold at Bonhams Fine Jewellery sale in London’s New Bond Street for a record price of USD1.8m per carat. »

VCT sector raises GBP403m in 2012/13 tax year

Thu, 25/04/2013 - 06:27

The venture capital trust (VCT) sector raised GBP402.5m in the 2012/13 tax year (value of new shares issued), according to figures published by the Association of Investment Companies (AIC). »

European investors concerned about weakness in euro zone despite global short-term confidence

Thu, 25/04/2013 - 06:08

Nearly three-quarters of investors expect global economic expansion in 2013, an increase of 15 per cent compared to 2012, according to the 2013 Search for Growth survey and report, sponsored by BNY Mellon and conducted by the Economist Intelligence Unit (EIU). »

EFG International completes sale of remaining stake in EFG Financial Products

Wed, 24/04/2013 - 16:22

EFG International has completed the sale of its remaining stake of 20.25 per cent in EFG Financial Products to Notenstein Private Bank, a subsidiary of Raiffeisen Switzerland, for CHF70.2m (1,350,000 shares at CHF52 per share). »

Azzad Wise Capital Fund celebrates third anniversary

Wed, 24/04/2013 - 14:25

The Azzad Wise Capital Fund, America's first fixed income mutual fund that invests in sukuk, turned three years old in April. »

Eric Schmickle and Q Wealth Management fined USD5m for commodity futures fraud

Wed, 24/04/2013 - 14:17

The US Commodity Futures Trading Commission (CFTC) has obtained an order requiring defendants Eric N Schmickle of Cedarburg, Wisconsin and his company Q Wealth Management to pay approximately USD3.6m of restitution and jointly to pay a USD1.5m civil monetary penalty in connection with operating a commodity futures Ponzi scheme. »

What makes a good trustee?

Wed, 24/04/2013 - 13:04

By Mike Powell, director, Hawksford – A trustee’s role is a complex mix of duties, responsibilities and potential liabilities and in spite of what some clients, and sometimes their advisers, might think trusteeship is not to be undertaken lightly! By drawing on my experiences during a career in the trust industry, including any mistakes, I will summarise in this short article what I think makes a good trustee. »

Schwab expands relationship with Morningstar to include 401(k) managed account services

Wed, 24/04/2013 - 12:20

Schwab Retirement Plan Services has added Morningstar Associates as a managed account provider for its retirement plan solution Schwab Index Advantage. »