New low for UK funds delivering top-quartile three-year performance
Just three funds posted consistent high-level performance, according to quarterly FundWatch survey
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Author: Christian Mayes
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Parmenion adds five Brooks Macdonald MPS ranges to its platform
The move is the latest in the adviser platform’s ‘ambitious growth strategy’
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M&G hires Santander head of multi-asset
Stefano Amato brings 15 years of experience to the asset manager
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Investor attentions turn to 2023 with another 75bps US rate hike ‘baked in’
The upcoming FOMC meeting is widely expected to result in a 3.75%-4% rise in the Fed funds rate
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Ross Liston named chief executive of M&G Wealth Advice
He was previously interim CEO at Sesame Bankhall Group
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More senior changes at Jupiter see Edward Bonham Carter depart
The former CEO will exit after nearly three decades to focus on his external non-executive positions
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Costly funds ‘do not stand up to scrutiny’
Average annual return of 10 most expensive strategies was -17.3%, with some customers paying nearly 2.5%
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Fidelity hires portfolio manager from Abrdn
Julie-Ann Ashcroft brings 15 years’ experience of managing money
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Iboss launches 90% equity offering
Despite investors pulling billions out of equities this year, the Kingswood-owned firm believes there remains ‘an appetite for risk’
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Quilter takes opportunity to up WealthSelect fixed income exposure
Ad-hoc rebalance was triggered by the ‘challenging’ economic backdrop in the UK
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JP Morgan trust eyes second merger after scooping up Scottish Investment Trust
As sanctions force JPM Russian Securities to change its investment objective
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Time fills new head of equity funds role with Finncap recruit
And hires a fund manager from Jefferies