News
PEOPLE MOVES: Man Group, BMO GAM, Ostrum
A Wall Street heavyweight has joined Man Group, while BMO Global Asset Management has made three senior hires to bolster its socially responsible investing and Ostrum Asset Management has hired an equity chief investment officer.
Rapper plays hit song to avoid maximum tax evasion jail term
A US judge showed leniency in the tax evasion trial of rapper DMX after listening to one of his hit tracks about his difficult childhood.
Emerging Markets | news 3 Apr 18
Saudi Arabia emerging market upgrade creates opportunities
Saudi Arabia’s promotion from frontier to emerging market in FTSE Russell indices is an opportunity for short-term investors to take profits, while longer-term investors can take the announcement as confirmation the market is moving in the right direction.
10 year jail sentence for record-breaking tax scam
A disgraced Australian businessman has been sentenced to 10 years in jail for his involvement in a A$135m (£74m, $103m, €84m) international tax avoidance scam, bringing an end to what has been described as the largest tax fraud case in the nation’s history.
LCCG’s new UK life company goes live with first acquisition
The newly formed UK life insurer launched by Life Company Consolidation Group (LCCG) has completed the acquisition of the business of Reliance Mutual Insurance Society.