Midas Balanced Growth Fund removal from the Wealth 150

Founded in 2002, Midas was one of the front-runners in multi-asset fund management: combining a range of different asset classes including government bonds, equities, fixed interest, property and alternative investments, in a single fund.


Henderson acquires French asset manager

Founded in 1998, Horizon focuses on advising on asset management in the French real estate market and comprises a €250 million Luxembourg closed-ended real estate fund and a number of asset management contracts to manage 25 properties.


Gold Demand in India to Drop as Buyers Prefer to Hoard Cash

Demand is going to be subdued, given the state of the economy and the sentiment,” Ajay Mitra, managing director, Middle East and India at the council, said in a phone interview from Mumbai. “People are preferring to stay invested in cash becau


Will Saudi Arabia Open Its Exchange?

With 152 companies listed, the Tadawul is one of the biggest exchanges in the Gulf. And in terms of volume, it’s the largest in the region.


Jefferies eyes Asia as European revenues slip

The US bank said in a filing on Monday that revenues in Europe for the six months to May 31 were $202.8m, down 15% on the $235m it made during the same time last year.


KPMG Tops the List

KPMG International has moved up to the top spot, leading this year's rankings of The World's Best Outsourcing Advisors by the International Association of Outsourcing Professionals® (IAOP®), a standards-setting and professional advocacy


Hedge Fund Investors Are Running For The Exits

The withdrawals compare with net inflows in each of the previous five months and were the highest level of net outflows since October 2009, when clients pulled out 3.76 percent.


Guess who's back? Duffield's latest firm launches fund range

Brompton is offering the IFDS Brompton Global Income fund, as well as the Brompton Global Growth and Brompton Diversified funds. Read more: http://www.investmentweek.co.uk/investment-week/news/2190169/guess-whos-duffields-firm-launches-fund-range#ixzz20B


Rise in wealthy French eyeing London move

Knight Frank, the property agent, said sales of prime property to French buyers had risen 40 per cent in the three months to the end of June 2012 compared with the same period in 2011.


Wells Fargo AM set for multiple fund launch in Europe

Wells Fargo AM rates itself the 11th-largest US mutual fund manager and the 28th-largest internationally, with more than $445bn in global assets under management and more than 35 portfolio management teams worldwide.


Last chance saloon for funds of hedge funds

The report, published yesterday, said that the recent wave of consolidation in the European fund of hedge funds industry leaves just a handful of candidates for large-scale acquisitions.