Capita Financial Managers fined £66m for fund failure
Capita Financial Managers (CFM) has been ordered to repay investors £66m after one of its low-risk funds went into liquidation.
Capita Financial Managers (CFM) has been ordered to repay investors £66m after one of its low-risk funds went into liquidation.
JO Hambro Capital Management (JOHCM) is under investigation by the Financial Conduct Authority (FCA) for about AUS$8.6m of services paid for out of dealing commissions over the course of a decade.
Coinciding with the launch of the global income fund, Evenlode co-founder Ben Peters gives Portfolio Adviser a taster of the large and small “hidden champions” comprising the portfolio.
Analysts and markets were decidedly mixed on Marks and Spencer’s latest set of interim figures, which showed a more encouraging picture for its clothing and home business, while its traditionally stronger food business was hit by weak sterling.
Google searches for ‘buy bitcoin’ overtook searches to ‘buy gold’ for the first time in October according to precious metals trader BullionVault.
Kames Capital has added two co-managers to a number of its multi-asset funds.
Strong rises in the share prices of Alibaba, Tencent and Baidu in the last six months have boosted the performance of the £6.3bn Scottish Mortgage Investment Trust, according to its latest results.
Asset managers must embrace technological developments that will drive exponential change in the industry or risk missing out on growth, according to a PwC report.
RBS hit another milestone on its road to recovery, posting a third consecutive quarter of profits but analysts suspect it has further to go before it is back in the black for the full year.
The Investment Association has pressed 100 UK companies for more information on the steps they are taking to alleviate shareholder concerns.
St James’s Place confirmed it is preparing to launch two funds this November, as it reported net inflows totalled more than £2bn in the third quarter.
Investors are taking a “big leap of faith” by backing US electric vehicle manufacturer Tesla, the chief investment officer at Antipodes Partners has said.