Equity funds sweep up £2.6bn as Covid bounce takes hold
Middle of the month saw buying frenzy as evidence showed pandemic outbreak was slowing
Investment
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Neil Birrell: S&P 500 puts have helped our funds stomach coronavirus volatility
Premier Diversified Growth manager hedged two-thirds of the portfolio before it became expensive to do so
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Will Covid prompt even more UK companies to get the ‘buyback bug’?
FTSE 100 companies spent £136bn buying back their own shares from 2010 to 2019
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Ninety One takes double hit as Square Mile strips six industry funds of ratings
Alastair Mundy’s step back knocks fund house fresh after its spinout from Investec
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Stephen Lansdown frees up £160m from HL stake to tap into virus volatility
Regulatory filing confirms sale days before Hargreaves Lansdown was revealed to be dropping Wealth 50
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Heightened oversight at Hargreaves must challenge sky-high stakes in individual funds
D2C platform holds one First State Asia fund almost in its entirety
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M&G credit manager exits 18 months after trust launch
Jeremy Richards set to leave fund house after 37 years
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Further blow for Columbia Threadneedle team as Quilter Investors yanks Europe mandate
Jupiter fails to nab £70m mandate despite poaching former manager Mark Nichols
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Hargreaves Lansdown scraps Wealth 50 in favour of independently governed fund list
D2C platform is shaking up its fund governance process in wake of Woodford scandal
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Ex-Woodford trust braces for 8% hit to NAV amid Covid crisis
Woodford Equity Income liquidation and virus create stumbling blocks to gearing reduction and portfolio rebalancing
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Kames shakes up trio of funds as Craig Bonthron and Neil Goddin exit
‘The market in which we operate is very competitive and one which has seen a lot of changes’
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Weekly outlook: BoE meeting and a glimpse of Chinese economy after lockdown
The key events for UK wealth managers for the week starting 4 May
