Reserved AIFs will come to market by the end of June
The Reserved Alternative Investment Fund (RAIF), a new type of EU-wide investment vehicle, will be available by the end of June, according to prominent Luxembourg-based lawyer Jacques Elvinger.
Blackrock reinforces dominance in European fund industry
Blackrock now manages more European investors’ money than the next two largest asset managers combined after the US-based asset manager saw strong inflows during the first quarter of 2016, according to data provided by Lipper.
Middle East | 4 May 16
Holborn Assets managing partner Reg Ormond dies suddenly
Managing partner of Holborn Assets, Reg Ormond, has died at the age of 50 from a sudden heart attack.
Montpelier shuts KL office, transfers clients to 360
Malaysian-based financial advisory firm Montpelier has closed its troubled Kuala Lumpur office, transferred all client business to Labuan-regulated Three Sixty Financial (360) and parted ways with two former directors, Stuart Williamson and Diane Docherty.
Chinese asset management industry cleaning house
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission (CSRC) and the Asset Management Industry Association of China (Amac).