Industry News
Manager Moves & Views
Ex-Fidelity manager Clapp sets up new hedge firm
LONDON (Reuters) - Former Fidelity International fund manager Graham Clapp has resurfaced at start-up hedge fund Pensato Capital, according to a regulatory filing seen by Reuters. Full Article
Hedge Funds
Absolute Capital to demerge Argo unit
LONDON (Reuters) - Absolute Capital Management plans to demerge its emerging market credit fund business Argo Capital to disassociate it from the European hedge fund firm's recent problems, Absolute said on Wednesday. Full Article
Investment Trusts
Enterprise Inns says REIT status possible by October
LONDON (Reuters) - Enterprise Inns said on Tuesday it was likely to decide in favour of converting into a low-tax property vehicle and that it might be able to do this by the start of its next fiscal year on October 1. Full Article
Life & Pensions
Pensions body blasts regulator's life proposals
LONDON (Reuters) - The pensions lobby group on Friday hit out at watchdog proposals to make schemes use more conservative mortality assumptions, saying it will put them under unnecessary pressure. Full Article
Fund Features
IFA firm Thinc fined for subprime mis-selling
LONDON (Reuters) - A large firm of independent financial advisers, the Thinc Group, has been fined for not telling customers the risks of investing in subprime mortgages, the Financial Services Authority said on Thursday. Full Article
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $0.00 | $0.00 |
| MINI GOLD | $902.50 | $903.10 |
| MINI SILVER | $17.01 | $17.04 |
