Former IA head calls for industry reform
Former head of the Investment Association Daniel Godfrey has called for greater simplicity and transparency from investment managers, in an interview with the Financial Times.
Companies
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James Hambro & Partners launches managed portfolio service
Wealth manager James Hambro & Partners has launched a range of managed multi-asset portfolios, using the same approach as the group’s discretionary service.
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PIMCO calls Gross lawsuit “legally groundless”
In the latest twist of the Bill Gross versus PIMCO saga the latter hit back, calling the veteran manager’s claims “legally groundless.”
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PA ANALYSIS: Tulloch’s departure – Can his team continue his legacy?
Whenever a high profile fund manager leaves a group, it prompts considerable hand-wringing among investors about whether they should remain invested in their funds.
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Ascot Lloyd planning push into wealth management
Ascot Lloyd is planning to launch a push into the discretionary fund management space early in the new year, managing director Pat O’Hara told Portfolio Adviser.
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Liontrust targets demand for alternative assets across Europe
Liontrust is looking forward to gathering European assets in the alternatives space, focusing on the smaller wealth management groups and family offices across the continent.
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BlackRock’s Koesterich predicts persistent dollar strength
Russ Koesterich, global chief investment strategist at BlackRock, has said the continued rise in US long and short-term rates is likely to push the dollar higher, exerting pressure on precious metals prices and supporting the case for hedging currency exposure in international stocks.
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All change at Stewart Investors in management shake-up
Stewart Investors has announced a shake-up of the management of its open-ended unit trust range, with Angus Tulloch and Jonathan Asante handing over managerial responsibility on a number of their funds on 1 July 2016.
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Wells Fargo eyes acquisition of global fund groups
US based bank Wells Fargo is believed to be circling the City of London to bolster its fund management capabilities, according to reports.
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Coupland Cardiff launches Japan-focused trust
Asian specialist Coupland Cardiff has launched a new investment trust, the CC Japan Income & Growth Trust plc.
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PA ANALYSIS: Mark Carney, interest rates and Brexit – A thorny dilemma
Could Mark Carney’s dovish comments yesterday have been made with one eye on a ‘Brexit’?
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Scottish Mortgage increases unlisted investments
The Scottish Mortgage investment trust has increased its unlisted investments, which now account for 10% of the portfolio.
