02/15/2023
Nexus enters administration after FCA action
The administrators said their appointment was "deemed necessary" because of the sole director’s absence from the business and due to concerns relating to the director’s conduct.
Alternative Investments
02/15/2023
Candriam Group takes 80% stake in European real estate manager
Candriam, a “multi-specialist” manager headquartered in Luxembourg but owned by New York Life Investments Company, has around €140 billion in assets under management.
02/15/2023
Phil Bray: Why more advisers are disclosing fees on their website
Many advisers tell us they disclose fees on their websites to deliberately deter enquiries from people who are shopping around based on price, aren’t prepared to pay fees or can’t afford to pay.
02/15/2023
Mike Tindall opens new Cooper Associates office in Cheltenham
To celebrate our arrival, we held an open evening which was hosted by ex-Gloucester & England player James Forrester and featured rugby legend Mike Tindall
02/15/2023
AIC: UK-focused investment trusts offer double discount
UK bulls gaining confidence
02/14/2023
UK advice firm goes bust
After entering liquidation in the summer of 2022
02/14/2023
'In fund management, volume reduces performance'
That call was an offer to become chief executive at JO Hambro Capital Management, a fund management business with a strong presence in private equity and property, but a desire to launch mutual funds in the standard asset classes.
02/14/2023
Man GLG’s Golan enters FE’s ‘alpha managers’ list
To compile the list, FE looks at the top UK retail fund managers’ performance over their entire careers.
02/14/2023
Hawksford acquires ACT Management Services
The firm anticipates no change of service to ACT’s existing clients while the business embeds itself into the Hawksford group.
02/13/2023
Investors pull £100mn a month from Jupiter fund
The fund is ranked absolute bottom (243rd out of 243 funds) of the IA UK All Companies sector over the past three years to February 10, and bottom quartile over one, three and five years.
02/10/2023
Third Point Investors returns to positive territory in Q4 but lags behind benchmark
‘Lacklustre’ results
02/10/2023
Norway wealth fund: we won't back boards who fail on climate
Investing the state's revenues from oil and gas production and managed by a unit of Norway's central bank, the fund is one of the world's largest investors, putting money into 9,200 companies in 70 countries, among other assets.
02/10/2023
UK narrowly avoids recession but 'flatlining' economy raises concerns
GDP fell by 0.5% in November
02/10/2023
Stagflation fears knock UK market off its perch
The UK economy may have technically avoided a recession but the FTSE 100 and FTSE 250 retreat as consumer spending falls and China reports weak global demand.
02/10/2023
BCG: in 2022 Italy at 100 billion in M&A
However, there are still excellent reasons to buy and sell: for example, the desire to reduce debt, the need to adapt supply chains to the geopolitical context, the urgency of improving one’s sustainability profile.
02/09/2023
Succession Wealth: Aviva deal has seen more IFAs approach us
The company said through Succession Wealth, Aviva will be able to offer advice to approximately six million of its customers.
02/08/2023
Investment management firm opens in France to serve US expats
‘If an American buys European financial products, they are penalised by the IRS,’ founder says
02/08/2023
BNY Mellon IM launches new multi-asset range
The BNY Mellon FutureLegacy range consists of five risk-rated sustainable multi-asset funds, managed by Newton Investment Management.
02/08/2023
New home for Grant Thornton’s Leicester team
The economy of the East Midlands is home to a growing community of entrepreneurial firms, something which is driving growth in the consulting sector there too.
02/07/2023
SG Kleinwort Hambros brand evolves
The next phase of SG Kleinwort Hambros’ strategy involves investing in its operating model, platform and services to enhance the client experience, including data science and client facing capabilities.