JOHCM appoints duo for intermediary sales team

JOHCM appoints duo for intermediary sales team...

JO Hambro Capital Management (JOHCM) has strengthened its UK intermediary sales team with the hire of two sales managers.

Published : 21, Jul 2017
Europe’s fund industry facing dispersal as Brexit looms

Europe’s fund industry facing dispersal as Brexit...

Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.

Published : 21, Jul 2017
High borrowing and economic fragility may hit austerity easing

High borrowing and economic fragility may hit...

The scope for the Chancellor of the Exchequer Philip Hammond to ease austerity may be limited as public sector borrowing has increased while the economy remains fragile, according to consultancy Pantheon Economics.

Published : 21, Jul 2017
MSCI: UK worst performer in June

MSCI: UK worst performer in June

The UK was the worst performing single country index in June while Canada was the best, according to data by MSCI.

Published : 21, Jul 2017
Neuberger Berman adds China equity team to its arsenal

Neuberger Berman adds China equity team to its...

Neuberger Berman has hired a five-strong team to bolster its China equity offering.

Published : 20, Jul 2017
Ex-Close man abruptly departs Saunderson House

Ex-Close man abruptly departs Saunderson House...

Saunderson House has lost its recently-appointed head of discretionary management service, Leigh Stephens, to Tacit Investment Management.

Published : 20, Jul 2017
Hot June leads to clothing spending spree

Hot June leads to clothing spending spree

A warm June propelled UK retail sales for the second quarter of the year, with strong clothing sales compensating for a decline in food and fuel sales.

Published : 20, Jul 2017
Industry not expecting a hawkish Draghi at ECB meeting

Industry not expecting a hawkish Draghi at ECB...

Industry experts are not expecting the European Central Bank to tighten monetary policy at its next rate meeting, despite Mario Draghi's hawkish mood of late.

Published : 19, Jul 2017
Why the next global economic contraction could be only three years away

Why the next global economic contraction could...

Seneca Investment Managers' chief investment officer Peter Elston has warned that the next global economic contraction could occur in 2020 and is cutting his equity exposure accordingly.

Published : 19, Jul 2017
Smith & Williamson unveils Artificial Intelligence equity fund

Smith & Williamson unveils Artificial Intelligence...

London-based investment boutique Smith & Williamson has launched a new Ucits-compliant global thematic fund which will invest in stocks set to gain from developments in Artificial Intelligence.

Published : 19, Jul 2017
Managers slash US weighting to nine-year low

Managers slash US weighting to nine-year low

The degree to which global fund managers are underweight in US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch July fund manager survey.

Published : 19, Jul 2017
FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw

FPI acquisition by RL360° a ‘game changer’ says...Lock icon

Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, has said.

Published : 19, Jul 2017
Ravenscroft begins UK retail push

Ravenscroft begins UK retail push

The Channel Islands stockbroking and investment management company Ravenscoft has announced Stephen Lansdown as chairman and launched two funds for UK retail investors.

Published : 18, Jul 2017
BNP Paribas settles FX issue with Fed for $246m

BNP Paribas settles FX issue with Fed for $246m...

BNP Paribas has agreed a $246m (£189m) settlement with the US Federal Reserve Board over misconduct in its foreign exchange (FX) business between 2007 and 2013.

Published : 18, Jul 2017
UK inflation unexpectedly dips in June

UK inflation unexpectedly dips in June

UK inflation has fallen month-on-month for the first time since April last year, reducing the likelihood of an August interest rate rise.

Published : 18, Jul 2017
Thousands of IFAs at risk from inadequate DFM agreements

Thousands of IFAs at risk from inadequate DFM...

Potentially thousands of financial advisers could fall foul of the new Mifid II regulations for having the wrong type of intermediary agreement with their discretionary fund managers, the Personal Finance Society has warned.

Published : 17, Jul 2017
UK investor confidence ‘scraping the bottom of the barrel’

UK investor confidence ‘scraping the bottom of...

Sentiment among UK investors has plummeted to its lowest level this year, the latest monthly data from Lloyds Private Bank and Hargreaves Lansdown has confirmed.

Published : 17, Jul 2017
FCA reveals eight firms rapped for pension transfers last year

FCA reveals eight firms rapped for pension transfers...Lock icon

The Financial Conduct Authority has confirmed that it took action to stop eight UK firms, including deVere and Holborn, conducting and/or arranging overseas pension transfers in the last financial year but has declined to name them all.

Published : 17, Jul 2017
FCA to focus on 'value for money' in platform probe

FCA to focus on 'value for money' in platform...

The Financial Conduct Authority (FCA) has launched a review aimed at assessing whether investment platforms, including those offered by life companies, operate in the customer’s best interests.

Published : 17, Jul 2017
China GDP growth surprises on the upside

China GDP growth surprises on the upside

China pulled out better than anticipated growth over the second quarter, leading analysts to speculate it could have greater momentum moving forward.

Published : 17, Jul 2017

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