EdenTree fund manager Sue Round has blamed “savage downgrades” among fund holdings for recent fourth quartile performance, including Provident Financial, which she argues does hold a place in an ethical portfolio.
Pension providers have called on the FCA to provide clarity about their obligations in managing climate risk in contract-based pensions and for the regulator to better align itself with The Pensions Regulator, which oversees trust-based pensions.
Legal & General Investment Management has appointed Kathleen Gallagher from its US business to its board of directors.
Hermes Investment Management chief executive Saker Nusseibeh admits the company’s 30.2% gender pay gap, published today, is unacceptable, as more asset managers reveal the discrepancy in average pay between employees.
Prime Minister Theresa May has chosen pragmatism over the “lunatic fringe” of the Conservative Party in her speech on the UK’s exit from the European Union, but she provided few nuggets for investors.
Donald Trump’s announcement that the US will introduce import duties on steel and aluminium is being described as a how-to move on triggering a stock sell-off, with industry-heavy funds and indices set to suffer from the protectionist move.
The Investment Association ETF committee has appointed Lyxor Asset Management’s Adam Laird as its first chairman.
FCA chief executive Andrew Bailey has rejected arguments Mifid II rules should be implemented whatever the cost to markets.
Jupiter Merlin has shaken up its allocation to emerging markets in its Growth and Worldwide Portfolios, opening a position in the Invesco Perpetual Asian fund, managed by William Lam.
St James’s Place (SJP) sees the complexities facing UK savers as an opportunity, its annual results reveal, as its net inflows increased 40% in 2017.
Jupiter says it is eyeing growth in global equity and outcome-orientated multi-asset strategies to continue diversifying its business as inflows more than quintuple, according to its annual results.
