Rescue plan for Dexia

RescueTroubled Dexia has entered into exclusive negotiations to sell off its Luxembourg affiliate to a group of international investors and the country’s government. The State of Luxembourg will participate for the disposal of Dexia Banque Internationale à Luxembourg. Belgian and French finance ministers plan to split off its riskiest assets into a "bad bank", which will manage the rundown of the lender's problem assets, including billions of euros of loans to local governments in Greece and Italy. The move would separate this business from its French local government lending operations. A statement says the board of directors of the Dexia group will take a decision on a potential offer by the end of the exclusive period. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.