News
Fixed Income | news 7 Mar 18
EEA investors to take 36% hit
Investors with run-off shares in the ill-fated EEA Life Settlements fund are projected to lose more than a third of the value of their investment by the time all shares are redeemed, the coordinator of the EEA Investors’ Group told International Adviser.
ESG strategy hits Norway’s sovereign wealth fund
Norway’s giant sovereign wealth fund has returned 1.6 percentage points less on an annualised basis over the last 12 years because it excluded some stocks on ethical grounds.
Financial planning chief warns of advice ‘apocalypse’
In a scathing note aimed at Brussels, a senior adviser and industry association boss has severely criticised the European regulatory “circus”.
Best Practice | news 7 Mar 18
Globaleye partners with London Stock Exchange in Middle East
Independent advisory firm Globaleye has partnered with the London Stock Exchange Group (LSEG) Academy to provide financial training in the UAE and wider Gulf Cooperation Council (GCC) region.
EEA shareholders set for $15m payment
There is some good news for investors in the beleaguered EEA fund after RL360° confirmed the scheme is distributing around $15.1m (£10.9m, €12.2m) to holders of run-off shares.