Lloyds sells final stake in SJP
Lloyds Banking Group has sold its remaining stake in St James’s Place for approximately £680m netting the group a profit of roughly £105m.
Author: Portfolio Adviser
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PA ANALYSIS Is the small cap party over
One of the many general rules of thumb that applies to investment markets is that smaller companies will outperform larger companies and that they will do even better when coming out of a recession.
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City Financial to launch Japan fund
City Financial is set to launch a Japanese Opportunities fund as it names Philip Kay to head its Asia operations.
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Japan leads IT performance in 2013
Japanese trusts have dominated performance in the closed-end space throughout the year with discounts narrowing leading to a rerating of the sector.
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Working group lays out outsourcing principles
A collective calling itself the Outsourcing Working Group has laid out principles for asset management companies to work within to improve the functionality of their outsourcing arrangements.
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Bellpenny picks up MGW in 13th deal
Bellpenny has purchased Glasgow-based wealth manager MGW for an undisclosed sum as it continues along its acquisition trail.
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McDermott AR funds to rise again
Chelsea Financial Services Darius McDermott has said capital preservation and diversification will be crucial for weathering the unknown quantities of next year and with no clear winners set to emerge, it was time to reconsider absolute return funds.
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Economic surprise FOR Osborne in 2014
This year has seen sentiment towards the UK economic outlook turn full circle, from worries about a triple-dip recession to talk of an unsustainable housing boom, writes Ian Kernohan, Royal London Asset Management economist.
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greetham sees further slide in treasuries
Trevor Greetham, head of asset allocation at Fidelity International, says that the US 10 year treasury may have another 10-15% to fall from here.
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landg hodges takes on three funds
Richard Hodges is to replace Michel Canoy as manager of three Legal & General fixed income funds.
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the known unknowns of the global economy
The majority of asset allocators and fund selectors are predicting a relatively benign 2014. Quantitative easing may end, but it is unlikely to prompt a disorderly sell-off in bond markets. Equity markets look more fully valued, but not expensive, and earnings looks to be coming through to boost sentiment. But where are the pressure points,…
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South Korea seoul less no more
South Korea has changed tremendously over the past decade, and its future is looking bright, writes Dan Tubbs, head of global emerging markets at Mirabaud.