Close Brothers to sell asset management branch to Oaktree
The £200m deal allows Close Brothers to ‘simplify the group and focus on our core lending business’
Author: Tom Aylott
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UK inflation stays at 2.2% in August – but a rate cut still seems unlikely
Headline inflation may seem rosier, but August dealt ‘another headache’ for the BoE as inflationary pressures mount
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Global debt levels are concerningly high – an allocation to gold is essential
The highest debt levels on record could make gold a better safety net than bonds, according to these fund managers
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20% of funds face rerating as Morningstar alters rating methodology
The majority (85%) of funds affected will likely have their ratings relegated now that management fees are taken into account
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Ebi launches passive ESG MPS range
The 11 new impact portfolios ‘seek to generate positive, measurable, and sustainable social and environmental change, alongside a financial return’
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The 15% of US funds that beat the S&P 500 over the past decade
How did these 20 active funds succeed where so many others failed?
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Ninety One Diversified Income promoted to Hargreaves Wealth List
The £845m fund is a good option for ‘cautious investors looking for an alternative to cash as rates fall’
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94% of investors consider defence stocks ESG friendly
ESG investors have stopped divesting from defence stocks and started buying them since the invasion of Ukraine
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Paul Schofield becomes lead manager of £7bn Royal London Global Equity Diversified fund
The ex-Goldman Sachs manager takes over from Piers Hillier, who will remain as CIO of the firm
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Premier Miton Global Renewables trust drops ‘sustainable’ from investment objective
The trust opted out of the FCA’s new SDR labelling, which looks to combat greenwashing
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Matthews CIO: ‘Latin America is cheap for a reason’ and has a ‘bumpy road’ ahead
Investors are excited about a potential boost from rate cuts, but Sean Taylor warned it may be too early to call
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Peter Rutter’s new firm loses key mandate
Ironbark withdrew two fund mandates that Rutter took with him from RLAM