AllianceBernstein appoints Chris Hogbin and Nelson Yu to new positions
Hogbin becomes global head of investments while Yu takes over as head of equities
Author: Hannah Williford
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Is October the ‘harbinger of recession’? UK GDP falls 0.3% for the month
Investment professionals react to GDP falling by more than consensus estimates
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Pimco elects Mohit Mittal as chief investment officer of core strategies
Mittal has worked at Pimco for the past 16 years
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Parmenion promotes Garrett and Dalgliesh to head of investments and CIO
Garrett to serve as head of investments while Dalgliesh takes on chief investment officer
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7IM acquires financial planner Amicus Wealth
Adds near £1bn in assets
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Tillit marks seven underachieving funds at risk in new performance report
First annual report focused on performance of active funds
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Sarasin and Partners recruits Edward Lloyd and Jack Brodie to investment teams
Lloyd to work on model portfolio service while Brodie joins Bread Street team
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Hipgnosis Song fund offloads 20,000 songs from portfolio
Sale made at 14.2% discount
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Weekly Outlook: Bank of England and Federal Reserve policy decisions, Bunzl update
Key events for UK wealth managers for the week starting 11 December
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FE Fundinfo announces distribution channel services
aimed towards asset managers facing fee changes
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IA: Investors withdraw £137m in October, steadying from September’s £1.5bn
Short term money market brings in £650m while UK all companies loses £939m
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Lindsell Train Investment trust drops 3.6% in NAV as it maintains ‘consistent’ investment approach
Results come as share prices of consumer franchises fall
