UK - Global Advisors has launched a precious metals long-short hedge fund, aimed at institutional investors.
The specialist fund manager said the long-short fund would invest in a variety of markets including precious metals, mining equities and relevant equity index derivatives.
The minimum investment is $150,000 (£86,900) and the firm will charge a 2% management fee, and a performance fee of 20%.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.