M&G senior GEM manager steps down
M&G has announced that it will be losing one of its key emerging markets managers, Matthew Vaight.
Funds
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Funds face challenging search for independent directors
The asset management industry could be looking for more than 400 new directors, but are the skills there or will the directorships be filled by a select few?
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FCA challenged to name and shame closet tracker firms
The Financial Conduct Authority’s (FCA) action to make asset managers stump up £34m in compensation for “closet trackers” initially seemed like a win for investors, but the regulator has refused to name companies involved, even though one is facing an enforcement investigation.
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Asset managers stump up £34m compensation for closet trackers
The Financial Conduct Authority (FCA) has ordered asset managers to pay investors £34m in compensation after overcharging for “closet tracker” funds, in a move described as “hugely positive” for investors.
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Canaccord Genuity’s five funds to navigate volatility
Canaccord Genuity Wealth Management’s fund expert and investment manager, Patrick Thomas, picks his top funds for handling the return of volatility.
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First State to shut down global resources capability
First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
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Europe’s fund inflows set for record in 2017 – Morningstar
The net amount of money flowing into the European asset management industry is on course to hit a record level in 2017, thanks in part to strong demand for fixed income products, according to asset flows data compiled by Morningstar.
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Record year for investment trust platform sales
Despite a drop in quarterly sales, investment trust purchases on fund platforms in the first nine months of 2017 have surpassed all records data compiled by Matrix Financial Clarity shows.
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Asia and smaller companies bear fruit in 2017
Funds exposed to Asia and smaller companies produced the best returns for investors in 2017, according to Shore Financial.
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Polar Capital scraps second fund in two days
Polar Capital has announced a second fund closure in two days, with the Global Alpha Fund next for the chopping block.
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Polar Capital shuts down growth fund
Polar Capital is to shut up shop on its $72.1m Emerging Markets Growth Fund and has suspended all dealing within the strategy with immediate effect.
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Keep your focus, fund managers
If fund managers seek to deliver consistent alpha, they’d better refrain from pushing too many buttons, says Rob van Wechem, head of investments at private bank Oyens & Van Eeghen in Amsterdam.
