BNY Mellon

Alcentra, a European division of BNY Mellon Asset Management, has announced its intention to launch a Guernsey-domiciled European Floating Rate Income Fund in early 2012, which is to be listed on the main market of the London Stock Exchange.

MPs campaigning for better compensation for Arch Cru investors will try to broker a blanket deal on redress to avoid the Financial Ombudsman Service being flooded with claims against IFAs.

Capita Financial Managers, which wants Arch Cru investors to accept a payoff linked to the sale of assets from the suspended fund range, has admitted that three-quarters of the remaining value of the cells is uncertain.

The redress deal struck by the Financial Services Authority and Capita, HSBC and BNY Mellon will return Arch Cru investors just 10%-15% of their original capital, according to lawyers who have seen the offers.

Capita Financial Managers has today sent a further letter to investors who lost money in the Arch Cru fund range to set out their individual entitlements under a £54m payment scheme.

Paul Feeney is set to join Old Mutual's Long-term Savings divison (LTS) as chief executive of asset management.

The US ETF market is expected to see significant growth in the coming years, but breaking into this lucrative market is proving to be a challenge, as Emma Cusworth reports

Pershing, a BNY Mellon company, is opening a Jersey-based subsidiary company in response to client demand for access to both onshore and offshore investment opportunities.

The Financial Ombudsman Service (FOS) has frozen claims related to Arch cru while it waits for the FSA, BNY Mellon, HSBC and Capita to agree on the value left in the fund range.

HAS ABSOLUTE RETURN BEEN MIS-SOLD?