$100m of assets in London financial institutions frozen
Story by: Gemma Westacott, FTAdviser
The Serious Fraud Office (SFO) has obtained a freezing order over $100m of assets believed to be held at London financial institutions in relation to the alleged Allen Stanford fraud.
Now may be an ideal time for investors to venture into the US market, as there are likely to be a number of rallies and pullbacks between now and 2010, creating ideal investment opportunities, according to Newton Investment Management.
Disgraced financier Bernard Madoff has been sentenced to 150 years in jail for masterminding the largest Ponzi scheme in history which cost investors billions of dollars.
Disgraced financier and former chairman of the Nasdaq stock exchange Bernard Madoff is due to be sentenced today (29 June) for his part in a Ponzi scheme which cost investors billions of dollars.
The growing belief an economic recovery is underway and investor fears over the heavy issuance of government bonds could hamper the asset class and kill off any 'green shoots', according to Adrian Pankiw, strategist at Henderson Global Investors.
Schroders' Azad Zangana deflation unlikely, but Stuart Thomson from Ignis says quant easing could send global economy into tailspin
Merrill Lynch survey finds managers are 'rewriting the rules' on portfolio positioning
Sir Allen Stanford has allegedly been arrested by US regulators, despite already being the subject of a Federal Bureau investigation in connection with an $8bn fraud.
Fund managers are at loggerheads over the likelihood of spiralling deflation in the UK economy during the next year.
US president Barack Obama announced a sweeping regulatory revamp yesterday, including giving the US Federal Reserve new powers to oversee banks and companies whose failure could endanger the banking system.
CAs emissions legislation tightens how many more car manufacturers face bankruptcy and full-scale failures?
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There is good news for equities, with managers moving overweight in the asset class, but the bond market is very different, as sell-offs push rising yields
Equities have recently delivered markedly negative returns and many investors have called into questions their long-term benefits
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