05/16/2014
PIMS 2014: Cofunds in talks with FCA over orphan clients
Cofunds is in talks with the FCA over how to tackle orphan clients ahead of the platform rebates ban on legacy business coming into effect in April 2016.
Alternative Investments
05/16/2014
Pictet merges US equity funds
A spokesperson for Pictet told Wealth Manager that the decision had been taken ‘in response to clients’ needs for a single US equity strategy which implements a broad-based approach with both value and growth characteristics’.
05/16/2014
London Stock Exchange reports 50pc surge in revenues
Flotation frenzy and clearing house acquisition buoys growth at LSE
05/16/2014
Waverton’s retail fund management drive pays off
The management team also reorganised the business into five business groups
05/16/2014
Aegon 'to lose £25m a year to pension cap
Edinburgh-Based Aegon UK has said the government's 0.75 per cent charge cap on pensions will cost it up to £25million a year
05/15/2014
Century old London silver fixing firm closes shop
The company that runs the London silver fixing, a benchmark dating back more than a century, will stop running the process after Deutsche Bank AG said two weeks ago that it was dropping out of the price-setting ritual.
05/15/2014
Alliance Trust to launch two new sustainable investment funds
The two new funds are the eighth and ninth in Alliance Trust’s Sustainable Future fund range, which provides investors with additional options for both income and growth.
05/15/2014
Assicurazioni Generali net profit rises 9.4%
Gross written premiums rose 1.5% from a year earlier to EUR18.48 billion.
05/15/2014
Aegon Delivers Strong Earnings and Sales Growth in Q1 2014
This is the result of ongoing improvements to products, service levels and operations that the group is implementing to enhance customer engagement.
05/15/2014
Standard Life launches discretionary service on Wrap
Brewin Dolphin, Seven IM and Liontrust among discretionary providers to go live on platform in April
05/15/2014
Henderson veteran Pease softens bearish banks stance
Speaking in an investor update, Pease said he had added Swiss group UBS and Danish firm Nordea to his £1.15 billion (€1.41 billion) Henderson European Special Situations fund.
05/15/2014
IMA calls for transparency on trading frequency
The Investment Management Association is launching a consultation with its members on the potential publication of a standardised “portfolio turnover rate”
05/14/2014
Why JP Morgan fund managers hunt down brave analysts
Herding is the reason analysts are unlikely to go out on a limb too far when it comes to earnings predictions
05/14/2014
Legg Mason closes two small-cap funds
Legg Mason has shut two small-cap funds managed by its subsidiary Royce Associates.
05/14/2014
Standard Life could move parts of its operations to England
The chairman of UK insurer Standard Life said on Tuesday that the company would not hesitate to move parts of its operations to England or register its funds there to protect its market position.
05/14/2014
Mercia Fund Management invests in digital trading card business
Henley-in-Arden investor Mercia Fund Management has invested £280,000 into digital trade card developer VirtTrade.
05/14/2014
EFG readies fund to benefit from ‘new peak’ for M&A
Its goal is to build wealth by investing in stocks
05/14/2014
ICAP Full-Year Profit Falls 4% Amid ‘Challenging’ Conditions
Trading conditions have been and are likely to remain extremely difficult
05/13/2014
L&G adds investment-grade bond fund for Browne
The team manages about £70bn, with around half of which in buy and maintain strategies.
05/13/2014
RLAM posts £900m inflow into fund range in Q1
Royal London's new life and pensions business was up 18% to £989m