Cazenove Capital names new Edinburgh chief
Cazenove Capital has appointed Bob Hair from PwC to head its Edinburgh office.
Author: Sam Shaw
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Service sector powers UK economy to post-referendum GDP growth
The UK economy beat Q3 growth expectations with a reported 0.5% rise in GDP, with the services sector acting as ballast to other major industry sector declines.
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Henderson reports £1bn net retail outflows
Henderson Group has reported a £1bn net outflow from its retail business during the third quarter due to an immediate rotation out of European assets following the EU Referendum.
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Bellevue seeks £200m at IPO for BB Healthcare Trust
Bellevue Asset Management is hoping to raise £200m through an initial public offering (IPO) for shares in BB Healthcare Trust, an investment trust set to list on the London Stock Exchange this morning (27 October).
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ETF launches to continue but success rates will fall – EY survey
The exchange-traded fund (ETF) industry fears product saturation is reducing the likelihood of successful product launches, an EY survey has revealed.
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GARS builds all-weather US strategy
The team behind Standard Life Investments’ Global Absolute Return Strategies (GARS) has taken a bullish position in US equities and the dollar, yet is diversifying its exposure to face three possible recovery scenarios.
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Allianz chief warns diversification strategies may face threat
The once “unthinkable” prolonged period of low and negative interest rates may have even further to travel, according to the chief economic adviser to insurance giant Allianz.
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FCA risks ‘timid’ reputation without drastic change by Bailey – Cass
The Financial Conduct Authority risks becoming a “timid and cowed regulator” unless chief executive Andrew Bailey can effectively distance himself from politics and the financial industry, according to Cass Business School.
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DFMs set for business uptick under Mifid II – IW&I
Discretionary fund management (DFM) looks set to benefit from Mifid II as almost a third of advisers expect the directive to result in the rise of outsourcing arrangements to financial advisers, according to Investec Wealth & Investment (IW&I).
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Investors cashing in on oil recovery – WisdomTree
With November’s planned production cut by the Organisation of Petroleum Exporting Countries (OPEC), global investors have sold down leveraged oil and moved to short the commodity
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Schroders’ Stoakley steps down as UK intermediary head
Robin Stoakley is stepping down as head of UK intermediary after 15 years running the retail arm of Schroders.
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Reits appeal as an income product to fade
Real estate investment trusts may see total returns come off recent highs by the end of calendar year 2016, as energy infrastructure and dividend-paying stocks take the lead among equity assets that provide regular income, said Mark McAllister, senior portfolio manager at Clearbridge Investments, a Legg Mason affiliate.