Allianz, UBS, Barclays in investments this week
- European Investment Fund has withdrawn funding to British start-ups. The Fund, which has, at times, accounted for up to a third of all the investment in UK-based venture capital funds, put just €61m (£53m) into UK-focused funds last year, a 91% drop on 2016. The freeze comes despite UK taxpayers continuing to fund the EIF, which is majority owned by the European Investment Bank.
- Moneysavingexpert’s Martin Lewis is to launch UK High Court proceedings in a move to sue Facebook for defamation after images of him were used in around 50 fake ads promoting binary trading businesses on the social media platform.
- Allianz Global Investors is to offer performance fees to UK retail investors. The asset manager will launch new share classes in May 2018 that will charge base fees that are similar to those on equivalent ETFs, but with as much as 20% of the outperformance going to the manager
- UBS survey has found that 53% of the world’s wealthiest investors expect to live to 100. However, healthcare costs are a concern, with 52% of high net worth individuals being worried about rising medical bills.
- Barclay is weighing a move into cryptocrurency trading and has sounded out potential clients, according to online reports. However, a Barclays’ spokesman said, ‘Barclays has no plans at this time to build a cryptocurrency trading desk’
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