Author: Kristen McGachey

  • Woodford loses investors money over three years

    Woodford loses investors money over three years

    Investors in Neil Woodford’s flagship equity income fund have now lost money over the last three years, as 2018 brings more hardships for one of the UK’s favourite star managers.

  • Trojan Income tackles liquidity after Provident blow

    Trojan Income tackles liquidity after Provident blow

    Trojan Income manager Francis Brooke has cut portfolio holdings that could cause liquidity issues after doorstep lender Provident Financial delivered a substantial hit to fund performance over the last year.

  • Jupiter’s Whitmore launches global value fund

    Jupiter’s Whitmore launches global value fund

    Jupiter heavyweight UK value manager Ben Whitmore is branching out and launching a dedicated Ucits global equity mandate.

  • ‘Clock is ticking’ for pay gap disclosure

    ‘Clock is ticking’ for pay gap disclosure

    Employers that fail to meet the deadline to disclose their gender pay gap could wind up in court, the Equality and Human Rights Commission has warned.

  • Adviser platforms clinging to ‘old world inefficiency’

    Adviser platforms clinging to ‘old world inefficiency’

    Most advised platforms are relying on “inefficient” and “old school” processes and are a long way off from a fully digitalised service, a new study by the Lang Cat has shown.

  • Aberdeen Standard Investments sues Provident Financial

    Aberdeen Standard Investments sues Provident Financial

    Provident Financial is embroiled in a legal battle with Aberdeen Standard Investments, one of its largest investors, over an FCA probe into its troubled credit card unit Vanquis Bank.

  • Baillie Gifford: We expect to get some picks wrong on US trust

    The Baillie Gifford US equities team expects to get some of its unquoted stock picks wrong for its upcoming trust but argues that only a small number of exceptional growth companies matter.

  • Unilever rejects London for Netherlands HQ

    Unilever rejects London for Netherlands HQ

    Unilever has chosen to relocate its headquarters from London to Rotterdam but insisted Brexit played no part in its decision.

  • Will investors stick with ‘cash cow’ M&G?

    Will investors stick with ‘cash cow’ M&G?

    Prudential’s decision to spin-off and float its UK asset management and savings arm was met with widespread approval from investors but how many of them will continue to invest in the life insurer’s “neglected” business when it lists?

  • Pru to spin-out and float M&G

    Pru to spin-out and float M&G

    Prudential has confirmed it plans to spin-out its UK investment and savings arm, creating two separate listed businesses.

  • Spearpoint legacy pot wipes Brooks Macdonald profits

    Spearpoint legacy pot wipes Brooks Macdonald profits

    Brooks Macdonald saw its profits all but wiped out after setting aside more cash to cover legacy issues related to its acquisition of Spearpoint Capital.

  • Woodford trades hint at a liquidity problem

    Woodford trades hint at a liquidity problem

    With Neil Woodford’s equity income fund continuing to shrink amid hits to his holdings, investors and analysts are again questioning whether unquoted investments in an open-ended fund are a square-peg round-hole situation.