PA Analysis: Jupiters star hire bodes well for EM alignment
Jupiter Asset Management CEO, Martin Slenderbroek recently compared the firm to the oil services industry.
Jupiter Asset Management CEO, Martin Slenderbroek recently compared the firm to the oil services industry.
Despite relatively subdued markets over the course of the year, Edinburgh Trust’s decision to retain Mark Barnett as portfolio manager has been vindicated by the strong performance produced during the year, trust chair Jim Pettigrew said.
Despite announcing plans to dip its toes into the non-advised space, shares in Hargreaves Lansdown fell around 4% in morning trade on Wednesday, largely in response to it highlighting the significant increase in its Financial Services Contribution Scheme levy payment.
Robo-advisory firms will have to eat through all of the capital they raised in order to reach a profitable scale, according to fund research firm Morningstar.
Harwood Capital’s acquisition of Wellian Investment Solutions is by no means on a par with the Old Mutual’s acquisition of Quilter Cheviot. Nor is it of a size similar to Towry’s purchase for £97m of AIM-listed Ashcourt Rowan. But, what the deal lacks in size, it could well make up for in intent and symbolism.
The Association of Professional Financial Advisers (APFA) has called for a freeze in the Financial Conduct Authority’s (FCA) budget for the next two years to give its members a break from having to meet its steadily rising fees.
Harwood Capital Management has bought Wellian Investment Solutions, for an undisclosed sum, in an effort to add discretionary management to its suite of offerings.
BHP Billiton’s spin off and listing of South32 fell rather flat on Monday, as its shares traded at the lower end of analyst expectations, giving the newly minted firm a market cap around $8.7bn.
A new trade association representing UK financial advisers has been launched to give the industry a louder voice in discussions with government and regulators.
The recent bond market gyrations have disturbed the fragile peace that had broken out between bulls and bears. Some of the stronger consensus calls have been dented and questions about bubbles have once more to emerge – as have advocates for both sides.
The Wealth Management Association has appointed three new members to its board, including the chief executive of Interactive Investor.
Changing views on inflation are likely to signal a weakening of investors’ fixation with yield and duration and an improvement in perceptions of value, says Charles Long, manager of the GLG UK Select Fund.