Heartwood shuffles model portfolio management line-up
Heartwood Investment Management has shuffled the management line-up for its global multi-asset portfolios.
Companies
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Growing HNWI interest leads Old Mutual Int’l sales to triple
Old Mutual International (OMI) saw net sales triple in the first half of 2015, while its volume of business from high net worth customers grew across all regions.
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Aviva Investors fund outflows cut by 82% year-on-year
The turnaround of Aviva Investors is “gaining momentum” as fund outflows were cut by 82% year-on-year, the firm has announced in its interim statement.
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Demand for de-risking drives LGIM AUM
Legal & General Investment Management’s Solutions capability drove the firm’s assets under management up 12% year-on-year, according to the group’s interim results.
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Ascot Lloyd and PFP Group to merge
Ascot Lloyd Financial Services and PFP Group will merge to create a nationwide wealth management firm managing £2.2 billion of client assets.
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Aberdeen to buy hedge fund Arden
Aberdeen Asset Management has entered into an agreement to acquire hedge fund Arden Asset Management
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Standard Life shares slip on pension worries, slowing inflows
Demand for Standard Life Investments’ MyFolio and multi-asset suites helped ease the pain of falling annuity sales, Standard Life said in its first half results.
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Investors should hold fire on RBS
The government selling 5.4% of its RBS stake provides an opportunity say industry experts, but it will be years before investors should buy in.
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Progress made but Lloyds far from out of the woods
Lloyds announced in its interim results statement on Friday it will consider the introduction of a special dividend or share buyback programme.
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Schroders AUM climbs 14% despite rising pound
Schroders’ assets under management have climbed by 14% to £309.9bn over the year to 30 June, the firm reported today.
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Henderson record H1 inflows spark £25m share buyback
Henderson has reported record net inflows for the first six months of 2015, leading the firm to announce a £25m share buyback.
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Performance fees power Jupiter amid turbulent markets
A sharp jump in performance fee income boosted Jupiter Fund Management’s profit numbers for the six months to end June, despite adverse market performance in the second quarter.
