Ashmore’s assets plummet by $2.2bn
Ashmore Group has seen its assets under management fall by $2.2bn in the three months to the end of June.
Companies
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Chinese wealth manager to list on the NYSE
China’s rapid growth in private wealth is a factor in Shanghai-based Jupai Holdings decision to launch an IPO.
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Refocus on fund management sees JP Morgan hand £370m client book to Hargreaves
As many as 7,000 JP Morgan clients and £370m in assets are to be acquired by Hargeaves Lansdown as part of an ongoing effort to refocus its business on its strength: fund management.
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Credit funds suffer as markets mis-read rate rise
If ever there was an area of the fixed income market to be investing in that is dominated by sentiment then, since May at least, corporate credit is probably it.
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How going short extends UK alpha opportunities
Going short is one differentiating factor behind Chris Kinder’s extended alpha equity strategy fund and a skill not practised by many competitors in the UK All Companies sector.
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Wealth managers underestimating HNWI appetite for robo-advice
Wealth managers are significantly underestimating the propensity of ultra high net worth individuals to make use of automated advice services, the World Wealth Report 2015 shows.
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Inside PA Summer Congress 2015
The great and the good of our industry gathered at South Lodge Hotel where Jeremy Paxman was among those who encouraged intense debate and discussion between fund managers on one hand and fund buyers, researchers and analysts on the other.
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Hermes to drive growth with Asia and US focus
Hermes will focus on increasing its business in Asia and the US in order to further a 243% increase in third party assets over the last five years, according to its global head of business development.
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PA ANALYSIS: Calpers – The ghost of asset management future
At first glance, the decision by investment behemoth CalPers to more than halve the number of external managers it uses, and a survey of 102 UK advisers conducted by Investec Wealth about what they look for in a DFM partner have very little in common.
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IFA use of DFMs to grow, but quality of service paramount – Investec
A significant majority of advisers expect the demand for bespoke discretionary fund management services to rise in the next few years, but only those that offer high levels of service quality are likely to survive, research by Investec Wealth and Investment shows.
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Most advisers prefer a successor to a sale on retirement -Russell
Financial advisers would prefer to find a successor that can take on their business when they retire, rather than pursue a sale, new research from Russell Investments suggests.
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Sanlam UK buys CAERUS to boost UK scale
Sanlam has bought wealth management firm CAERUS Portfolio Management for an undisclosed sum as it continues to improve its scale in the UK market.