HSBC $2bn share buyback fails to impress shareholders
HSBC’s $2bn share buyback programme failed to appease shareholders as profits over the first quarter disappointed.
Author: Sonia Rach
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Cedric Bucher poaches from Ascentric for residential firm
Cedric Bucher has poached David Hall from Ascentric as the residential asset manager where he was recently appointed CEO sets out to increase its assets under management.
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Aviva Investors multi manager leaves
Aviva Investors’ Richard Rainback has left the business and joined Allfunds Bank as a fund analyst.
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Rathbones creates new exec role in reshuffle
Rathbone Investment Management has moved group finance director Paul Stockton into the newly created role of managing director as it looks to strengthen its executive team.
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The six heavy hitters ousted from FE Invest’s preferred funds
Portfolio Adviser examines the six funds that were scrapped from FE Invest’s list of preferred funds, following its latest bi-annual rebalance.
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The 10 highest yielding equity trusts
The number of trusts primarily investing in equities that have a yield of at least 4% has increased to 21 compared with 13 in September 2017, according to Stifel research. Portfolio Adviser looks at the top-10 highest yielding in the sector.
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Axa IM’s veteran Nigel Thomas to retire
Axa Investment Management’s veteran fund manager Nigel Thomas is set to retire in March 2019 after 40 years in asset management and 16 years at the firm.
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Mortgage-backed securities and PPI hit Barclays in Q1
Barclays has reported a group pre-tax loss of £236m for its first quarter following a £1.4bn settlement with the US Department of Justice (DoJ) over the sale of mortgage-backed securities.
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Credit Suisse surprises with ‘better than expected’ Q1
Credit Suisse has reported its adjusted pre-tax profits were up 36% at CHF1.2bn for the first quarter, thanks to inflows into its wealth management division.
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Weak markets hit SJP funds under management
Weak stock markets have hit St James’s Place (SJP) funds under management, which dropped in the first quarter of 2018.
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Invesco puts foot down on fee pressure
Invesco has announced it is stepping down as investment manager on the Invesco Perpetual Enhanced Income trust, in a shock move that is being put down to a clash with the board over performance fees.
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Fidelity Asian Values adopts variable fee
Fidelity Asian Values has become the second investment trust run by the firm to adopt a variable management fee model.
