Boutique funds best placed to weather market storm, says Thames River

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Charting the rise of funds from smaller investment houses at a Thames River Capital multimanager seminar this week, co-head Robert Burdett said he believed so-called boutique funds typically outperform funds from larger institutions in volatile market conditions. He said: “Boutiques should do better on average in difficult market conditions because they have flexibility, nimble portfolios [...]

Coventry takes a quarter of mutual mortgage market

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In its half-year figures, the lender revealed net mortgage lending increased by 24 per cent to £851 million, representing three times the society’s normal market share. This equates to almost 3 per cent of the total market, and around a quarter of total net lending by building societies.This figures becomes all the more impressive after [...]

L&G predicts demand for with-profits annuities

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L&G says advisers are likely to see with-profits annuities as an alternative option to conventional annuities if the client is prepared to accept a degree of risk.L&G has produced a guide to the products for advisers to use with their clients, which includes a calculator to estimate the potential impact of inflation on income.Head of [...]

American Eagle Gold Coins Sales Suspended

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I liked . Prices are cheap, but there’s no product available for sale!
I wouldn’t bother paying a premium for American Eagle gold coins. You can still buy bullion bars/rounds.
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FSK Asks - What’s a Good RSS Reader?

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I’m annoyed with Google Reader, over one minor defect. Google Reader automatically removes items from your RSS folder after 30 days. I don’t always have time to read through my full RSS feed. There are a lot of feeds in my “hitlist” folder, that I’m evaluating but don’t have time to search [...]

O.C. mortgage rates little changed in latest week

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Average rates on Orange County mortgages stayed pretty much the same in the past week, with averages for some types of loans falling and one rising slightly.
The average on a 30-year fixed-rate loan (with a one-point fee) up to the old conforming limit of $417,000 dropped to 6.179 percent in the week ended Thursday, from [...]

Bill to regulate mortgage brokers passes state Senate

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A bill aimed at making it more difficult for people like to victimize vulnerable mortgage borrowers passed the state Senate yesterday and is headed to Gov. Schwarzenegger.
(which passed the Assembly on Monday) would give the Department of Real Estate the power to ban unscrupulous individuals from working in real estate or related industries [...]

Troubled IndyMac mortgage borrowers get help from FDIC

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The Federal Deposit Insurance Corp., which took over the former IndyMac Bank last month, is launching a streamlined loan modification program for troubled mortgage borrowers that it hopes will serve as an example for other lenders.
The thinking is that the FDIC can best preserve IndyMac Federal Bank’s assets and “increase the value of distressed mortgages [...]

Tips to avoid foreclosure prevention scams

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Some homeowners are unnecessarily losing their homes because they thought they were getting help in avoiding foreclosure but ended up being the victim of a scam.
suggests that homeowners who are in financial trouble and looking for help should avoid any business that:

Guarantees to stop the foreclosure process — no matter what your circumstances
Instructs [...]

Business confidence in banking, finance and insurance sector falls

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As the economic slowdown continues, business confidence in the banking, finance and insurance sector declines to a record low of -37.6, down from -34.4 last quarter, according to the latest Business Confidence Monitor (BCM) from the Institute of Chartered Accountants in England and Wales.
“The survey paints a stark picture of the challenging business environment that [...]

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