Bank of America Merrill Lynch finds buyer for $6.5bn fund platform July 8, 2018 Bank of America Merrill Lynch has found a buyer for its $6.5bn (£4.89bn) MLIS Ucits platform. Generali Investments has purchased the platform, according to a source familiar with the matter. The MLIS (Merrill Lynch Investment Solutions) platform was set up by the firm to offer "innovative and added value" strategies for investors, in order to [...]
London-based tech company Fever secures $20m Series C funding July 5, 2018 Secret London owner Fever is set to expand into new markets across Europe and North America after securing $20m (£15.1m) in a Series C fundraise. The company runs a fast-growing entertainment and experience booking app that uses a recommendation algorithm to help its 12m unique weekly users discover new restaurants, bars, events, concerts, and experiences. [...]
Tokenising Gold – City A.M.’s Crypto Insider Interviews Jinbi co-Founder Joe Crawley July 3, 2018 London-based Joseph Crawley heads up the gold mining operations and corporate strategy for Jinbi Token, a UK and Belarus-based gold-backed blockchain business. Jinbi merges traditional gold investment with blockchain technology, which allows the token holder to experience the best of both worlds. Joseph is an expert in precious metals, trading, and mining and understands well [...]
New crypto platform with ex London Stock Exchange strategy chief on board aims for institutional investors June 26, 2018 A new trading platform for cryptocurrencies targeted at institutional investors will launch today in London with a former top executive at the London Stock Exchange (LSE) on its board. Archax will aim to operate “in a regulated manner” – in an as yet unregulated space – in a bid to attract big investors who have [...]
Safe as houses: How to invest in property without buying a home May 31, 2018 Brits are falling out of love with the property market. A recent report from Rathbones found that more than half of investors now take a pessimistic view on the sector. It’s easy to see why, when the government is making life harder for private landlords – with a tax hike just one of several measures [...]
Finding value in American growth May 11, 2018 | Sponsored Last year saw global growth accelerate at its fastest pace since the financial crisis as this long-running bull market defied expectations and found another gear. It was a period of synchronised global growth reminiscent of yesteryear – a brief boon for global stock market investors. But with growth inevitably cooling in 2018, the challenge now [...]
Ranked: Here are the 20 wealthiest people in cryptocurrency revealed by Forbes’ first ever Crypto Rich List February 7, 2018 Forbes has compiled its first ever Crypto Rich List to rank the 20 wealthiest people in crypto, saying billion-dollar fortunes have been created almost overnight. Top of the list is Ripple founder Chris Larsen, with Forbes saying his net worth came close to $20bn in early January, as a result of owning 5.2bn XRP – [...]
DEBATE: Should the City be optimistic about 2018? January 3, 2018 Should the City be optimistic about 2018? Gerard Lyons, chief economic strategist at Netwealth Investments, says YES. Be positive. The City will get a boost from LSD this year. L is for liquidity, which remains ample as the Bank of Japan and the European Central Bank continue to ease, while the US Federal Reserve and [...]
The pros and cons of crowdfunding July 6, 2017 People are divided about crowdfunding. While many investors and businesses see it as invaluable, it often comes with a number of caveats which shouldn’t be ignored. Equity and debt-based crowdfunding methods are often used by entrepreneurs looking to start or develop their business. However, they differ in that equity-based lets you swap money for shares [...]
Top 20 most consistently performing investment companies over the last decade revealed May 22, 2017 The world's 20 most consistently performing investment companies over the past decade have been revealed, in a new study by the Association of Investment Companies (AIC). A quarter of the top 20 are in the global sector, with the Lindsell Train Investment Trust taking pole position and F&C Global Smaller Companies pulling in second. Despite [...]