fsa fines santander for structured
Santander has been fined £1.5m by the FSA for failing to inform customers of its structured products’ status under the Financial Services Compensation Scheme (FSCS) in the period up to January 2010.
Author: Portfolio Adviser
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Alastair Mundy, Portfolio Manager, Investec Cautious Managed and UK Special Situations Funds
With macro concerns continuing into 2012, Alastair Mundy explains how he approaches the on-going uncertainty through his bottom-up, contrarian investment style.
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senior quilter figures to lead gam
GAM has announced two new recruits to head up its UK discretionary fund management service for IFAs looking to outsource their investment decisions.
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corporate bonds and bank debt 2012 safe havens
Thibaut Cuillière looks at corporate bonds at one end and senior bank debt at the other as safe havens for investors this year.
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invesco perpetual joins multi-asset rush
Invesco Perpetual has become the latest fund house to announce the launch of a new multi-asset proposition, as the trend of readying ranges to appeal to outsourcing advisers picks up pace.
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boltons buybacks fail to markedly
Anthony Bolton’s Fidelity China Special Situations Investment Trust continued its trend of underperformance in the final quarter of 2011, despite undertaking significant share buybacks over the period.
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fatca – a burden lifted
The US Treasury last week shed further light on how it intends to combat US tax evasion abroad, releasing proposed regulations on the application of the Foreign Account Tax Compliance Act.
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muzinich boosts high yield team
Muzinich & Co has hired Mike McEachern as a senior investment manager in its high yield team, joining from US-based Seix Investment Advisers.
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lgim employee arrested in fsa
The latest FSA arrest in a long-running and complex insider dealing investigation has been confirmed to be an L&G Investment Management employee.
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brewin dolphin promotes exeter
Brewin Dolphin has appointed a new head for its Exeter Office, Tim Walker, as the former head Richard Pike steps back to concentrate on his work for the groups charity team.
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first state denies soft-closure
First State has denied its GEM Leaders Fund is nearing soft closure and said it still has plenty of capacity for further inflows.
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sale fails to dampen quilter expansion
Wealth Manager Quilter has expanded its investment management team with the appointment of Oliver Stainer, who was previously at Towry.