Lloyds sells Isle of Man offshoot 08/05/2015 Lloyds Banking Group has sold offshore life insurer Clerical Medical to investment manager RL360 for an undisclosed sum.
RQFII scheme extended to Luxembourg 29/04/2015 The People's Bank of China has granted a 50 billion RMB RQFII quota to Luxembourg.
Launched in Hong Kong in 2011, the RQFII (RMB Qualified Foreign Institutional Investor) scheme has been expanded to other jurisdictions since 2013, allowing the reinvestment of offshore RMB into the Mainland securities market.
The week on eprivateclient 27/04/2015 A look at the stories featured in thewealthnet's sister publication - eprivateclient - last week
ALFI conference: the changing asset management industry 22/04/2015 The ALFI (Association of the Luxembourg Fund Industry) Conference in London's Guildhall saw a panel of experts discuss the changing asset management industry, covering topics including passive versus active fund managers, asset management opportunities regarding an emerging Asian middle class, and the effect of increased regulation in Taiwan.
Jeremy Paxman probes Jersey's funds industry 24/03/2015 It has been eight months since the implementation of the EU Alternative Investment Fund Managers Directive (AIFMD), but regulation is still keeping Jersey’s alternative funds professionals awake at night, discovered Jeremy Paxman.