Seneca poaches Amundi fund manager
Seneca Investment Managers has poached Gary Moglione from Amundi Asset Management as it builds out its investment team and splits out responsibility for developed and emerging equity markets.
Author: Jessica Tasman-Jones
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Nutmeg ordered to pay ex-client for ‘irritating’ mistakes
The Financial Ombudsman Service has ordered Nutmeg to pay a former client for “numerous mistakes” surrounding direct debits on his pension plan that were likely to cause irritation.
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How nine multi-asset funds are managing duration
Fixed asset allocation in the passive Vanguard Lifestrategy range has seen duration soar above 9 years, so how are active multi-asset managers positioned as interest rates look set to rise?
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Assets fall in UK funds industry despite inflows
Despite positive net retail sales across the UK authorised funds industry, assets under management fell 2% in March due to market movements, Investment Association data shows.
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Trump tax cuts entice UK advisers
UK advisers turned to US funds in April as corporates got to work spending the savings from president Donald Trump’s tax reform.
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Fidelity fund cashes in on Trump military spend
Fidelity Special Situations fund manager Alex Wright has increased his allocation to defense companies in a move set to exploit Donald Trump’s significant increase in his military budget announced in Q1, as the US attempts to create a more lethal Joint Force.
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SocGen announces mass listing of leveraged ETPs
Societe Generale has announced one of the largest launches of leveraged exchange-traded products (ETPs) on the London Stock Exchange as it lists 74 products.
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Ex-Franklin Templeton pair named founding partners in Mobius launch
Mark Mobius has formally confirmed former Franklin Templeton colleagues Carlos Hardenberg and Greg Konieczny as founding partners in his eponymous boutique firm, as details of the planned emerging and frontier markets fund are revealed.
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Blackrock ups stock lending in Woodford trust
Blackrock has upped its stock lending of Woodford Patient Capital Trust, raising questions about whether a short seller is betting against falls in the investment trust or one its large underlying holdings.
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Quilter raids industry ahead of multi-asset rebrand
Quilter’s multi-asset business has raided rival asset managers for senior management hires, as it rebrands to Quilter Investors under the Old Mutual managed separation in which the group’s single and multi-asset strategies have been split.
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Chase de Vere poaches from Whitechurch for discretionary launch
Chase de Vere has poached Ben Willis from Whitechurch Securities as head of portfolio management as it prepares to launch a discretionary model portfolio service.
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Woodford ditched for Evenlode in FE funds rebalance
Fund rating house FE has booted Woodford Income Focus from its preferred funds list and introduced rival Evenlode Income in its latest rebalance.