St James’s Place inflows leap 17%
St James’s Place has reported net inflows of funds under management up 17% for the last quarter to £1.48bn.
Companies
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Aberdeen’s head of distribution departs
Aberdeen Asset Management has announced the departure of its head of global distribution John Brett.
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Active managers have good year, but lag in the long-term
It’s been a strong year for active managers in the UK, with 82% outperforming the S&P UK benchmark index in the 12 months to 30 June 2015.
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Lombard Odier hires Coutts head to lead UK
Lombard Odier has poached Duncan MacIntyre from Coutts & Co to become chief executive officer of its private client business in the UK.
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Rise of passives risks diminishing shareholder influence
Three-fifths of UK and European institutional investors expect the rise of passive investment vehicles to have a negative impact on shareholder engagement, reported the latest paper in the Hermes Investment Management Responsible Capitalism survey.
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Aberdeen dismisses sale rumours out of hand
Aberdeen Asset Management has firmly denied rumours it is looking for a buyer.
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PA ANALYSIS: ‘Dead’ platforms need to reform to survive
Platforms have not yet lived up to their potential to be genuinely transformative for advisers, finds a new report from the Lang Cat. It says the promise to make the delivery of advice more efficient and responsive has, at best, been only partially fulfilled.
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Marty McFly should have tried investment trusts
Rather than messing about on skateboards, Marty McFly should have bought the Capital Gearing Trust when he travelled in time from 26th October 1985, according to JP Morgan Cazenove research.
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PA ANALYSIS: A good day for Eurozone investors?
Mario Draghi sounded a sombre note at today’s European Central Bank meeting, suggesting lack of structural reform and pressure from emerging market weakness were holding back the Eurozone recovery.
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Rathbones weathers turbulent markets
Rathbone Brothers saw a small fall in assets under management in the three months to 30 September, but this was less than the wider fall in equity markets as the group continued to see inflows.
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Henderson expands global property team
Henderson Global Investors has expanded its global property equities team with the addition of a dedicated North American property equities team.
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End of sunset clause to bring pressure, argues Nucleus
The expiry of the ‘sunset’ clause will bring pressures for advisers, but asset managers may come under particular strain, argues a new white paper from platform Nucleus.