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Everything you need to know about passive and active fund management before buying index funds
Based on global experiences, a nominal growth rate environment below 5% is more suitable for passive investing. The tussle between passive and active forms of fund management may very well go on forever. In passive fund management, as reflected by index mutual funds, the fund manager has no say in stock and sector selection and …
Jupiter Fund Management Profits Rise As Assets Hit Record Level
Jupiter Fund Management on Friday announced a rise in first-half profits as assets under management (AUM) hit an all-time high. In the six months to the end of June, statutory profit before tax rose to £ 57million, from £ 40.8million in the same period a year ago, with profit before tax under Underlying up 38% …
Asset Management Fund Services News
IQ-EQ has acquired Davy Global Fund Management (DGFM), part of the Davy Group. The newly combined Irish business will offer corporate administration, fund administration, fund management and portfolio management services, and will include 110 employees located in Dublin and Shannon, Ireland. Tom Berrigan, CEO and Paul Giblin, Managing Director of DGFM, will join the management …
IQ-EQ acquires Davy Global Fund Management
The IQ-EQ investor group buys Davy Global Fund Management (DGFM), which is part of the Davy group. he central part of Davy is expected to be sold to Bank of Ireland. IQ-EQ said the combination of the two companies “creates a full service fund business established in Ireland with a proven track record and a …
Fund management: abrdn announces that Rod Paris is retiring as chief investment officer
Rod Paris will retire as abrdn’s chief investment officer at the end of this year, the fund management giant has announced. Mr. Paris has been part of the group, which was recently renamed Standard Life Aberdeen, since 2002. Stephen Bird, Edinburgh-based managing director of abrdn, said of Mr. Paris: “Personally, I will miss his wisdom, …
PE rue GST industry players on fund management fees
The domestic private equity industry is keen on government ensuring a level playing field between locally established private equity funds and those established abroad for tax purposes. The current 18% GST on “fund management fees” of PE funds continues to be a “big tax friction” affecting the relocation of fund management business to India, they …
Perfect recipe to finance the management buyout of Just Love Food Company
Father-of-three Mike Woods finalized the management buyout of the company he started in 2009 after two of his children were diagnosed with severe nut allergy. Eleven years later, the Caerphilly-based Just Love Food Company supplies nut-free, vegan, gluten-free and milk-free cakes to the “big four” supermarkets; Tesco, Asda, Sainsbury’s and Morrisons. And the company – …
Bridges Fund Management Achieves Huge Return Selling World of Books to Livingbridge After Massive Valuation Increase
Bridges Fund Management made what is believed to be an excellent return by selling a stake in World of Books to another private equity firm Livingbridge. The private equity firm closed a sale valuing the company at north of £ 150million, according to AltAssets, following a year-over-year increase in revenue at the online retailer. Never …
Soros Fund Management Trades Bitcoin, Considers Acquiring Blockchain Firms: Report
Soros Fund Management, the private investment firm of billionaire George Soros, is now trading Bitcoin (CRYPTO:BTC) and are considering acquiring crypto and blockchain companies. What happened: According to The streetin recent weeks, Soros Fund Management’s chief investment officer, Dawn Fitzpatrick, moved to allow the company to actively trade bitcoin and possibly other cryptocurrencies, according to …