Legg Mason has acquired fund of hedge funds manager Fauchier Partners from BNP Paribas Investment Partners.
Fauchier Partners will be combined with Legg Mason subsidiary, alternative asset manager Permal, to create an institutionally focused platform with $24m (£14.9m) assets under management. Fauchier has...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point