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Peter Toogood, CIO at Embark Group, summed up the result as “truly disastrous” for the Conservatives and for Theresa May personally.
“A setback for Brexit as we are a long way from a strong and stable government,” he remarked.
“The pound will take the strain initially but a more redistributive and left-leaning government is a distinct possibility, which is unlikely to be particularly supportive for risk assets.
“We are about to live in interesting times.”
Regulator wants to widen scope of recent research rule overhaul to UCITS and alternative investment funds
While three strategies entered the Square Mile Academy of Funds in October
How fund group distribution bosses are thinking about asset classes, strategies and working with clients over the next 12 months
Group warned of Q4 £8bn outflow from legacy Scottish Widows mandate
Investment manager says the trust’s opportunity set is ‘less attractive’ than it has been in the past
Bonds balloon by £631m while money markets increase £402m
