UBS Global Wealth Management has partnered with Hermes Investment Management to create a Sustainable Development Goal (SDG) fund that will form part of what it claims to be the UK’s first 100% sustainable portfolio.
Stubborn inflation data and an unexpected decline in wage growth have made a summer rate rise look like an increasingly distant possibility.
The board of Ranger Direct Lending has agreed to close up shop and pursue a wind-down strategy but shareholders are still calling for fresh blood on the board at a pivotal moment for the company.
The US and Asia could be subject to similar research unbundling rules as Europe under Mifid II by 2022, a survey by a research platform provider has shown.
The inclusion of 230-odd China A-shares was a hugely symbolic moment for investors in the region but the fund industry has failed to get ahead of the curve with most firms lacking dedicated teams of analysts or products to invest in the asset class.
Old Mutual Global Investors has ditched its absolute return fixed income desk as the firm’s management buyout looms, losing five staff and merging two funds due to the changes.
M&G has announced that it will be losing one of its key emerging markets managers, Matthew Vaight.
BT has ousted CEO Gavin Patterson in a bid to win back disgruntled shareholders in light of the telecom giant’s dire share price performance.
Several major shareholders have called for the wind-up of Ranger Direct Lending Fund and a complete overhaul of the board amid its deteriorating performance.
Tilney has ditched Neil Woodford’s flagship fund from its buy list due to performance and liquidity concerns, echoing sentiment from other platforms that have dropped the UK equities manager.
Omnis Investments has booted Schroders from its largest subadvised fund with Franklin Templeton set to takeover the UK equities mandate next week.
The Investment Association has called for reform in the bond markets to address certain inefficiencies which are leaving investors ill-equipped to make informed investment decisions and trapped in illiquid positions.
