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Alternative Investments

11/22/2023

Trott makes her mark on Treasury as pension ‘pot for life’ confirmed at Autumn Statement

The idea marries nicely with the Chancellor’s aim of funnelling more money into the UK economy through a concentration of workplace pensions who are able to do so.

11/22/2023

Pensioners set to get over £11,500 from state pension and benefits keep original uprating mechanism

This level of uplift follows the inflation matching 10.1% boost that saw the 2023/24 state pension rise to £203.85 a week, or £10,600 annually.

11/21/2023

Edward Jones Opens the Door for Advisors to Take Discretion

A former senior manager at the firm said that Edward Jones had historically only allowed portfolio managers in the home office to have discretion out of concern for potential liability

11/21/2023

IQ-EQ wins two awards in the Asset Servicing Times Industry Excellence Awards 2023

The awards are dedicated to supporting and recognising talented and dedicated firms, individuals and departments across the financial services industry.

11/21/2023

KPMG UK: Number of equity partners dips below 500 as Big Four layoffs begin

It is the first time the firm’s equity partnership has fallen below 500 members since it began to disclose its figures in 2002.

11/20/2023

Polar Capital posts £581m half-year outflow on tech hit

Outflows in the firm’s tech and biotech funds offset inflows into its Emerging Market Stars range.

11/20/2023

Government earmarks £4.5bn for investment into British manufacturing sector

Clean energy push

11/20/2023

abrdn CEO blocked from selling investment management business by board

Following ii merger

11/16/2023

Aviva plc Q3 2023 Trading Update

General Insurance premiums grew 13%

11/16/2023

Manulife Investment Management to Acquire Multi-Sector Alternative Credit Manager CQS

The transaction is expected to close in early 2024 subject to customary closing conditions and regulatory approvals.

11/15/2023

M&G raises €440m for 18-month fixed maturity fund

The short-date bond fund has predefined maturities and will look to capitalise on inverted government yield curves.

11/15/2023

ZEDRA to acquire fiduciary services business from AlTi Tiedemann Global

ZEDRA will welcome 59 employees who have been providing trust, corporate, marine and aviation, and family office administration services through its offices in the Isle of Man, Geneva and London.

11/15/2023

Terry Smith's payout slips to £31m as Fundsmith assets and profits slide

Profits down 14%

11/15/2023

Legal & General completes £500m buy-in with Deutsche Bank Pension Scheme

The Scheme is an existing client of Legal & General Investment Management and has reached a well-funded position over recent years.

11/15/2023

Walker Crips Investment Management launches Gilt Portfolio Service

The service also offers companies the opportunity to achieve higher returns than are currently offered by high street corporate savings accounts.

11/14/2023

TIME Investments suspends open-ended property fund on 'material uncertainty'

Freehold fund

11/14/2023

Pantheon expands wealth offering with launch of open-ended private equity fund

Subscriptions starting at $25,000

11/14/2023

Robeco unveils inaugural fashion-focused active fund

First active equity fashion strategy

11/14/2023

Enplan adds Schroders to defined benefit consolidation platform

Enplan has now onboarded more than 50 schemes and is responsible for close to £1.5bn of DB pension scheme assets.

11/14/2023

JTC Named 'Best Administrator: Infrastructure/Real Assets' at the Private Equity Wire European Emerging Manager Awards.

The Private Equity Wire European Emerging Manager Awards recognise excellence among private equity emerging fund managers and service providers.

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