Abrdn ABS fund moves to new team with fund managers set to exit
Scott Duggal and Janaka Nanayakkara due to depart the firm
Author: Christian Mayes
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Fidelity makes double global equities hire from Liontrust and Ninety One to succeed Podger
Tom Record and Christine Baalham join to co-manage the retiring Jeremy Podger’s funds
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Decision to sanction Woodford redress scheme delayed until February
After two-day hearing on 18 and 19 January
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Morningstar: European fund giants suffer outflows in December 2023
European-domiciled funds as a whole attracted a net €49bn in 2023
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UK retail sales: December decline shows economy ‘is not out of the woods’
Volumes fell 3.2% in December despite expectations of a minor 0.3% decline
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Abrdn Property Income Trust agrees merger with Custodian Property Income Reit
The enlarged Custodian Property Reit will manage £1bn assets
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Kepler trust ratings 2024: Smid-cap trusts offer new opportunities
Mercantile, Schroder UK Mid Cap and Montanaro UK Smaller Companies among the trusts highlighted for consistent performance
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Hipgnosis offers £20m to entice prospective bidders
Investment adviser’s call option a ‘structural conflict’, the trust’s board said
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Home Reit chair steps down with rest of the board to follow
Michael O’Donnell named as Lynne Fennah’s successor
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Rathbones FUM reaches £105bn despite outflows from Investec W&I
Market and investment performance added £4.9bn to funds under management and advice in Q4
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Morningstar: Equity funds leak £18bn in second-worst year on record for outflows
Money market funds were the only asset class to achieve positive net flows in 2023
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GAM names Newton’s Markham as global growth equities head
Current global growth equities head Mark Hawtin to move to Liontrust
