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, …

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 …

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 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 CIO Dawn Fitzpatrick preaches patience to investors. Speaking at Robin Hood’s annual conference, Fitzpatrick said Soros was replenishing his cash reserves. She called late-stage private companies overvalued, in part because of the PSPC boom, and said large-cap tech stocks trade low. The woman who manages the fortune of one of the richest …

As part of the deal, Tavistock will become Titan’s strategic partner and distribute its products. Tavistock Investments PLC (LON: TAVI) soared as it agreed to sell its fund management arm (TWL) for up to £ 40million to Titan Wealth. The fund group will receive additional payments over a ten-year period equivalent in value to 50% …

Two South Asian neighbors received good news from the United Nations this week. The tiny Maldives archipelago has been elected president of the United Nations General Assembly (UNGA) for 2021-2022. Foreign Minister Abdulla Shahid won 143 votes, nearly three-quarters of the 191 countries that voted in the annual elections, while his rival, former Afghan Foreign …

Godrej Fund Management, the real estate-focused private equity arm of Godrej Group, has purchased a plot of land, with development potential of 1 million square feet, in urban Bengaluru from a property developer in the As part of a deal valued at around Rs 700 crore, people with first-hand knowledge of the development said. The …

British Airways hands over management of gigantic £ 21 billion pension fund serving 85,000 members to US investment giant BlackRock The transfer of management concerns the Airways pension plan It also encompasses the New Airways pension plan which closed in 2018 By Jane Denton For Thisismoney Posted: 12:20 GMT, June 2, 2021 | Update: 12:50 …

Fund management business in the Indian city of GIFT – India’s only International Financial Services Center (IFSC) – may soon get a boost with an IFSCA-appointed panel recommending the adoption of a structure legal variable capital company (VCC) for the fund industry in such IFSCs. A VCC is basically an alternative form of corporate vehicle …