Woodford shuns Atom rights issue amid £1.3bn redemptions
Celebrity fund manager Neil Woodford has been forced to cut his stake in Atom Bank after suffering more than £1bn in client redemptions this year.
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Author: Kristen McGachey
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Murray International issues recession warning
“Great scepticism is warranted,” according to Murray International trust manager Bruce Stout, who has warned that the likelihood of central banks achieving a balancing act of withdrawing monetary stimulus and avoiding recession “is virtually zero.”
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‘Perfect storm’ for Woodford as another unquoted firm plans IPO
Another Neil Woodford-majority owned firm has announced plans to float as the heavy-weight manager nears the regulator’s 10% limit on unlisted holdings.
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AJ Bell adds four targeted income funds to MPS range
AJ Bell has added four more funds to its managed portfolio service range, citing growing demand for income solutions.
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Baillie Gifford floats first trust in 30 years
Baillie Gifford has announced the initial public offering (IPO) of its US Growth trust.
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Fund management’s blatantly obvious pay gap problem
The discrepancy between the average pay of male and female asset managers is gaining considerably more traction in 2018. But does the industry care enough about closing the gap? Or is this another box-ticking exercise?
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LGIM nears £1trn assets after year of ‘record’ flows
Legal & General’s asset management arm neared £1trn in assets under management last year, after taking £44bn worth of external net inflows.
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Jupiter ‘must do better’ on 38% pay gap
Jupiter Asset Management CEO Maarten Slenderbroek has said “we can and must do better” on eliminating its 38% pay gap between male and female employees.
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FTSE newbie Just Eat sees shares dive over 10%
Just Eat saw roughly £600m wiped from its stock market value after it unveiled a £76m statutory loss in its annual results.
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FCA bans ex Co-op chairman the ‘Crystal Methodist’
The Financial Conduct Authority has banned Paul Flowers, former chairman of Co-operative Bank, from the financial services industry.
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Miton’s Ford and Grieves launch US smaller companies fund
Miton has announced it will launch a US smaller companies fund under Nick Ford and Hugh Grieves.
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Trio of ex-Tesco bosses face retrial over £250m accounting scandal
Three former Tesco executives are facing a retrial over a £250m accounting scandal after one of the defendants suffered a heart attack.