01/29/2014
The outflows were mainly a result of one investor in the Liontrust Global Strategic Bond Fund redeeming GBP106 million, while an institutional investor redeemed GBP39 million from the UK Retail funds.
01/29/2014
Shares in F&C rose 7.1p to 123.5p taking it above the offer price, which is at around a 30 per cent premium to before the bid announcement.
01/29/2014
The Succession Group was established in Plymouth by Simon Chamberlain in 2009.
01/28/2014
After more than 20 years in the financial-services rat race, Swiss banker Michael Reichstein packed it in and turned to horse racing for a living.
01/28/2014
Azimut Holding SpA, Italy’s largest independent asset manager, is interested in buying a fund unit from a bank to expand distribution and attract client investments.
01/28/2014
Pensions and wealth management company Mattioli Woods has posted a strong set of interim accounts with a rapid growth in its discretionary assets under management
01/27/2014
Barclays is reportedly debating the fate of its £40m-a-year sponsorship of the Premier League
01/27/2014
Hargreaves Lansdown customers will have to pay as much as £250 into their accounts to cover its new charges, or risk having their investments sold
01/27/2014
Fund arm of the German private bank targets UK with risk management range
The fund range will offer institutional investors access to markets they previously deemed too risky through a series of quant portfolio management techniques.
01/27/2014
British fund firm F&C Asset Management said on Monday it had received an offer from Canadian bank BMO Financial Group in what would be an all-cash deal.
01/27/2014
Societe Generale Private Banking Hambros the UK wealth management arm of Societe Generale Private Banking is implementing its commercial strategy to strengthen and expand its business in 2014, in particular through a new recruitment plan.
01/27/2014
Heads of 24 of Britain’s most successful companies warn that Ed Miliband’s policy could threaten recovery and cost jobs
01/27/2014
It is a business that has been running since 1985 and in 2008 the firm signalled its intention to grow the unit by hiring two separate wealth management teams from Singer & Friedlander and Bestinvest.
01/27/2014
F&C and BMO are in advanced discussions about the details of the Possible Offer and the Board of F&C has indicated to BMO that it is likely to recommend a firm offer at the Offer Price.
01/24/2014
The AIM-listed group said ‘strategic progress [was] made through both organic and acquisitive initiatives’ during the six months to December 31st 2013
01/24/2014
It expects asset management profits to increase 160 per cent to £10.4m for the year.
01/24/2014
Charles Stanley Group’s total client funds reached a record £20.1bn in the fourth quarter of 2013, up 9 per cent from £18.48bn the previous quarter.
01/24/2014
A representative for Zurich-based Credit Suisse confirmed the memo’s contents.
01/24/2014
This is the most authoritative look at consolidation activity in the global wealth space.
01/23/2014
Elsewhere, the group said it had maintained a 95% client retention rate and, over the year, had grown adviser numbers almost 10% to 1,958.