Citigroup fined £61.6m over trader inputting error
A trader erroneously created an equity basket worth $444bn, of which $1.4bn made it to market before the order was cancelled
Author: Christian Mayes
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Franklin Templeton reshapes distribution leadership as UK head exits
Current UK head Martyn Gilbey set to exit the firm in October
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Nick Train: UK market is ‘pregnant with value and opportunity’
Finsbury Growth & Income manager says the ‘breaks are running’ against his portfolio currently
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Aegon: ‘Material questions’ over Shell sustainability plans
Aegon’s Komulainen has called on fund managers to vote against climate transition plans at Shell’s AGM
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Invesco re-launches Global Equity Income Trust
Following approval to consolidate the Invesco Select Trust’s four share classes into a single portfolio
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Will ‘value up’ governance reforms address the ‘Korea discount’?
Korea is following in Japan’s footsteps in implementing governance reform
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HSBC AM head of World Selection funds exits
Kate Morrissey will be succeeded by portfolio manager Nicholas McLoughlin
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Real estate associations back tax rules for Reserved Investor fund structure
Reserved Investor Fund is expected to be available later this year
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The AIC expands pool of research available to investors
Research from Edison Group, Hardman & Co, Kepler and QuotedData will be accessible on the AIC website
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Ark Invest Europe names European sales director
Paul Spells was previously head of ETF sales UK at Circa5000
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JP Morgan launches EUR denominated money market fund
JPMorgan Liquidity funds will invest in short-term government bonds and other money market instruments
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Janus Henderson: Monetary policy divergence offers opportunities in European credit and EMD
Markets scaled back expectations of rate cuts in the US for 2024 from six cuts to two