Morningstar launches outsourcing unit for Mifid II
Morningstar has launched a unit for advisers and financial institutions to outsource fund selection and asset allocation in a “post-Mifid II world”.
Author: Jessica Tasman-Jones
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FCA accused of failing to address fund manager pay
The FCA has been accused of failing to address fund manager pay in its asset management market study, despite remuneration being the largest source of costs.
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Conviviality short delivers for Blackrock investment trust
A short position in Conviviality has delivered for Blackrock Throgmorton, according to its first portfolio update since investors voted in favour of expanding the portfolio’s investment universe.
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Aviva hires SLI man for real estate team
Aviva Investors has poached Standard Life Investments’ head of continental European real estate to head up its UK real estate division.
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Jupiter nabs Steve Cohen hedge fund alum for long/short launch
Jupiter Asset Management has appointed a former alumnus of Steve Cohen’s hedge fund, Darren Starr, to its growing liquid alternatives business as it plans to launch a US equity long/short fund.
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Mark Barnett joins predecessor Woodford in FE Hall of Fame
Invesco Perpetual UK equities manager Mark Barnett has joined his predecessor Neil Woodford in the FE Hall of Fame for fund managers that consistently deliver alpha, despite both fund managers currently being fourth-quartile in their sectors.
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BT Pension Scheme sells Hermes stake to US giant
The UK’s BT Pension Scheme has sold a 60% stake in Hermes Investment Management to US asset manager Federated Investors in a £246m deal with plans to utilise distribution capabilities on both side of the Atlantic.
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The biggest losers in a US-China trade war
Making good on campaign promises made in the run-up to the 2016 election, Donald Trump has threatened tariffs of $160bn against China, while retaliatory measures from the Asian powerhouse totalling $50bn aim to target politically-sensitive areas of the US economy. Portfolio Adviser asks the investment industry which sectors would be worst hit if the war…
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Odey’s shrinking fund takes big bet on UK debt
Crispin Odey has taken a high conviction bet against UK government debt, but the leveraged position could have implications for economies of scale in his quickly shrinking fund if it goes wrong.
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Spectre of left looms over Latam funds
Latin America’s three largest economies face elections in 2018 with leftist candidates keeping markets on tenterhooks, but fund managers remain optimistic on the region regardless of outcomes at the ballot box.
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Lindsell Train tops investment trusts as premium hits 42%
A stretched premium has seen Lindsell Train top investment trusts for performance in the first quarter, over a period when the listed closed-ended funds outperformed wider markets, according to a report from Stifel.
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Blackrock and Fidelity to weather credit negative FCA changes
Moody’s has described the Financial Conduct Authority’s (FCA) final rules and guidance for asset managers, announced last week, as credit negative for the industry, but said big players like Blackrock and Fidelity are best placed to navigate the changes.
