US recession expectations drive Waverton MPS changes
Fixed income takes centre stage as equities get downgraded to a ‘modest’ underweight
Companies
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Kingswood splashes out £8.6m on two advice firms
With five more deals expected to close in the next few months
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Parmenion adds five Brooks Macdonald MPS ranges to its platform
The move is the latest in the adviser platform’s ‘ambitious growth strategy’
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Schroders Income and Jupiter Global Value Equity ‘return to favour’
But Baillie Gifford drops out of top 10 fund groups by gross sales, according to the Pridham Report
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Iboss launches 90% equity offering
Despite investors pulling billions out of equities this year, the Kingswood-owned firm believes there remains ‘an appetite for risk’
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GSI Group acquires financial advice firm
As it sets out ambitious consolidation plans
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Quilter takes opportunity to up WealthSelect fixed income exposure
Ad-hoc rebalance was triggered by the ‘challenging’ economic backdrop in the UK
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JP Morgan trust eyes second merger after scooping up Scottish Investment Trust
As sanctions force JPM Russian Securities to change its investment objective
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Parmenion sells down UK equity income and ups corporate bonds to neutral
After concluding economy is in the early stages of a recession
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LTIT ‘hobbled’ by Lindsell Train Limited, admits Michael Lindsell
As trust swings to a discount
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Hope for Woodford investors as Link puts UK arm up for sale
FCA’s earlier demand for £356m could make or break any potential deal
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Gam on track for at least CHF 20m in cost savings this year
Swiss asset manager currently has seven funds in liquidation