Aberdeen tops ‘dog funds’ list
Aberdeen Asset Management has the largest number of so-called ‘dog funds’ under its watch, according to Tilney Bestinvest’s latest ‘Spot the Dog’ report.
Companies
-
-
Barclays announces investment bank cutbacks, Asia hard hit
British bank Barclays has announced its investment banking arm is to close offices in nine countries across Asia, the Americas and EMEA.
-
AJ Bell to launch passive funds after buying investment firm
Platform provider AJ Bell is set to launch its own range of funds after agreeing to acquire a small London-based investment management business for an undisclosed sum.
-
Old Mutual’s Intrinsic reported to be in talks to buy Tenet
Old Mutual Wealth-owned adviser network Intrinsic is believed to have begun talks to buy Tenet, according to UK media reports.
-
Shell warns of profit collapse as FTSE slides
Royal Dutch Shell has issued a warning its fourth quarter profits could be only half what was booked in the same period a year ago as it struggles with the oil price slump.
-
Asset managers cautiously optimistic on fintech opportunities
Asset managers across the UK are cautiously optimistic and expect business volumes, fee income, commissions, and investments to rise. They remain, however, acutely aware that their future is very much dependant on global equity markets and global economic conditions, according to PwC.
-
Hawksmoor separates out fund management business
Hawksmoor Investment Management has separated its fund and private client management arms in an effort to better promote its fund management capability.
-
Tesco shares jump as supermarket sentiment thaws
Tesco has become the latest major UK supermarket to see a notable share price rise triggered by a strong set of numbers.
-
Source targets expansion with big leadership restructure
Source, one of the largest providers of ETFs in Europe, is realigning the responsibilities of its coverage team to keep pace with the fast changing ETF market in Europe.
-
DeVere’s Green defends charges, welcomes fee-based services
DeVere Group chief executive Nigel Green has defended his company’s charging structure, called for more transparency on charges in the industry, and said that in the longer term fee-based income is more profitable.
-
Asset manager fund flows highlight EM challenge
The challenges faced by EM-focused asset managers focused were underlined on Thursday by the sharp difference in results.
-
Deutsche Bank targeting place in wealth management top five
Deutsche Bank has made becoming one of the world’s top five wealth management firms its focus, according to reports.
