HM Revenue & Customs has clarified what constitutes a bank following its announcement on 9 December that it will be implementing a bank payroll tax. »

Greenwich Loan Income Fund has acquired a senior secured corporate loan from T2 Income Fund CLO I, an affiliate of the company which is consolidated for financial reporting purposes. »

Barclays Capital, Deutsche Bank and J.P. Morgan have emerged to dominate the post-crisis fixed-income trading business in Europe, according to a study by Greenwich Associates. »

Altus Resource Capital, a Guernsey registered closed-ended investment company, has completed the placing of its shares with an aggregate value of approximately GBP14.66m. »

Hedge funds rebounded in November, putting them on track to post their best annual performance since inception of the Credit Suisse/Tremont Hedge Fund Index in January 1994. »

The Irish Funds Industry Association has welcomed new legislation passed by Seanad Éireann, the upper house of the Irish parliament, which will enable investment funds to re-domicile to Ireland simply and efficiently. »

Liberty All-Star Equity Fund has appointed Cornerstone Capital Management as one of the fund's five investment managers, replacing Chase Investment Counsel. »

Execution Holdings, a full-service agency broker, has agreed to acquire Noble Group, an independent mid and small cap investment bank.  »

Jupiter Asset Management is to launch a Ucits III fund for investors seeking to capture returns from investing in pan-European equities. »

The stock market was back on the rise in November with a comfortable gain of six per cent in a context of decreasing implied volatility (24.51 per cent), which is now at its lowest level since September 2008. »