BlackRock unveils RDR-ready fund quintet

Tony Stenning said the BlackRock Consensus Funds, a collection of five funds, offered simple, cost-effective and diversified core asset allocation portfolios, with independent risk ratings on each fund to help advisers tailor them to their clients’


Swiss & Global Takes RBC Dexia for ETF Administration

RBC Dexia has announced its investor services arm has been chosen by Zurich-based Swiss & Global Asset Management, which manages over 100 funds for private bank Julius Baer, to provide custody and fund administration for four recently launched exchang


Henderson acquires French asset manager

Founded in 1998, Horizon focuses on advising on asset management in the French real estate market and comprises a €250 million Luxembourg closed-ended real estate fund and a number of asset management contracts to manage 25 properties.


Chinese Billionaire To Revive Iceland Deal

A Chinese billionaire whose bid to buy Icelandic land was blocked by the local government last year, said he’s secured a deal to lease the property instead, helping him revive his resort project.


U.S. insurer plans skyscraper in London's financial heartland

While many investment banks have moved to the Canary Wharf district in recent years, attracted by large trading floors and cheaper rents, insurers have been the only bright spot in an otherwise moribund lettings market in London's traditional financi


Hedge funds pin hopes on French revolution

It is a Europe-wide trend but one that matters in France, where big investors such as insurers and retirement funds - holding 2 trillion euros assets - are more risk-averse and put less into hedge funds than peers abroad.


Commodity Market Higher In June, Relieved by Progress in Eurozone

The Dow Jones-UBS Commodity Index Total Return was up by 5.49% in June. Overall, 14 out of 20 index constituents increased in value. Agriculture was the best performing sector, up 13.87% for the month. Concerns over crop stress and yield loss due to the h