Shareholders sign off on Standard Life/Aberdeen mega-merger
Aberdeen Asset Management and Standard Life shareholders have emphatically approved the firms’ merger, paving the way for one of the biggest ever deals in the sector.
Aberdeen Asset Management and Standard Life shareholders have emphatically approved the firms’ merger, paving the way for one of the biggest ever deals in the sector.
Cazenove Capital has named Mary-Anne Daly as its chief executive in the UK, filling the role left vacant after Andrew Ross moved to the firm’s parent group Schroders.
Fund managers see educating people as the biggest challenge facing the industry today, according to a recent poll in London.
AJ Bell has dropped Schroders UK Dynamic Smaller Companies fund from its favoured funds list following the resignation of its two managers earlier this month.
PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.
Sanlam has claimed it is now offering the world’s first ever balanced fund run by artificial intelligence and machine learning.
Asset manager Liontrust has reported a profit rise of 18% and hailed its seventh consecutive year in the black as it reported full-year results.
Whitechurch Securities has severed all ties with Standard Life Investments’ Global Absolute Return Strategies after holding the multi-asset fund for 10 years.
Seven Investment Management has upped its alternatives exposure to its highest-ever levels in response to high stock market valuations, low bond yields and concerns about political instability brought on by last week’s hung parliament.
Record inflows in May powered total assets invested in ETFs across the $4trn mark. And Europe is picking up the pace.
Old Mutual Global Investors has hired Nick Payne, Salman Siddiqui and Liz Fernandes of Nomura Asset Management team to oversee its Global Emerging Markets Equity Fund mandate.
Morningstar has downgraded two JPMorgan UK Smaller Companies vehicles from bronze to neutral.