L&G prepares for RDR

Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for retail distribution review (RDR) implementation. In its Q1 interim management statement today, the provider suggested it is

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Man Group Outflow – $1 Billion in Q1 2012

Man Group Plc (EMG), the world’s biggest publicly traded hedge fund manager, reported that clients withdrew a net $1 billion in the first quarter, while costs such as employee bonuses ate up more cash than analysts expected. Source Bloomberg: read full article here;   

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Union Bancaire Privée (UBP) acquisition of Nexar Capital Group

Swiss private bank Union Bancaire Privée (UBP) acquisition of Nexar Capital Group will produce a combined hedge funds businesses with $14 billion AUM, a 25% increase on UBP’s assets at the end of 2011. The newly created alternative investment division at UBP will be headed by Nexar Capital’s

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