People Moves
-
HSBC Global Asset Management appoints UK CEO
Former head of UK wholesale Dan Rudd replaces Ian Stuart, who was relocated to a newly created role in March amid company restructuring
-
Schroders shakes up client group leadership
The changes include the promotion of Gopi Mirchandani to head of client group, Asia.
-
Fidelity appoints global CIO of fixed income
Replacing former CIO Steve Ellis, who departed in March after 13 years at the firm to take a career break
-
BRI Wealth Management names head of investments
Toni Meadows has previously held CIO roles at Omnis Investments and The Private Office
-
Royal London expands Australian presence with new hire
Kevin Haran will drive the firm’s local strategy for Australia, marking ‘a key step’ in its global growth plan
-
Andrew Parry to retire after 40-year career
Held roles at JOHCM, Newton Investment Management and Federated Hermes
Product
-
Pacific AM strikes deal for European equity boutique
Viewforth Investment Partners to become part of Pacific’s new European equities division
-
Nordea launches ‘once-in-a-generation’ Europe fund
The high conviction fund aims to capture the ‘strategic reset’ in European energy, industrials, and defence
-
Vanguard short-term gilt fund to combat abnormally long debt in UK
It aims to juxtapose the uncommonly lengthy maturity of 14.4 years in the UK bond market – one of the longest in the developed world
-
Fidelity International to launch custom funds for Flying Colours
Two OEICs will be exclusive to Flying Colours Advice clients
-
ARC: Private wealth portfolios already on track to reach pre-Liberation Day levels
Global equities rose close to 6% in May when measured in US dollars
-
May fund performance: Tech funds bounce while bonds suffer
IA Technology & Technology Innovation was the top-returning sector, up almost 9% over the month
Regulation
-
FCA appoints deputy chief executive
New role created at the regulator
-
Gen Invest initiative launches to support young investment professionals
Founded and chaired by Guinness Global Investors client services lead Iona Frisby
-
Industry group calls on FCA to cut barriers to entry for fund managers
Working group of City spokespeople have called for new fund management firms to be subject to a ‘lighter touch’ regime
-
Wealth management CEOs call out four ways to boost industry’s growth
More predictable regulation was among the ways to boost growth, according to a report released today by PIMFA, KPMG and UK Finance
-
Treasury to launch ISA reform consultation — reports
The Treasury is set to launch a consultation on ISA reform in the coming weeks, according to the Financial Times
-
Investment industry calls for clarity as FCA ‘pauses’ SDR rollout for MPS
Regulator will prioritise other work around multi-firm reviews and Consumer Duty
Companies
-
Pacific AM strikes deal for European equity boutique
Viewforth Investment Partners to become part of Pacific’s new European equities division
-
Mirova and Thematics AM to merge
Mirova and Thematics Asset Management have announced a strategic merger, expected to close in Q4 of 2025
-
Aberdeen: Investors pull net £6.4bn in Q1
A £6bn quant strategy funding win in April offset the outflows elsewhere
-
Polar Capital reports 10% AUM fall in ‘difficult’ first quarter
AUM fell £2.4bn amid increased global volatility and uncertainty in Q1
-
Hurst Point brings Hawksmoor and Argentis under unified management structure
New CEO Andrew Westenberger names executive team to oversee the two divisions
-
EQ Investors considers ‘strategic partnership’ with larger firm
Philanthropist John Spiers said he believes that passing his shares to a foundation may no longer be the right path for the sustainable investor’s future
Macro
-
UK exports to US fall by biggest volume on record
The £2bn drop in April is a third lower than the month prior, and the lowest level since the invasion of Ukraine in February 2022
-
UK GDP falls 0.3% in April
Trump’s tariffs and Reeves’ tax changes poured cold water on economic activity, and could continue to ‘weigh on growth for months to come’
-
AXA IM’s Iggo: The big questions for bond investors on the Spending Review
While painful for the UK economy in the short term, Reeve’s announcement could be positive in the longer term as interest rates come down
-
Weekly Outlook: Bellway and Tesco report
Key events for wealth managers in the week beginning 9 June
-
ECB delivers seventh consecutive interest rate cut
Interest rates were reduced 25bps to 2% as the bank casts an eye to economic growth
-
US court blocks Trump’s tariff plans
It ruled the president had overstepped in using emergency powers to fast track trade policy, which he has already filed an appeal against
Videos
-
Trust Talk: The AIC’s Richard Stone on activism, engagement and the Saba saga
First episode of a new PA video series
-
Interview with Mark Burridge, managing partner and fund manager at Baker Steel Capital Managers
Will miners be able to meet the historic demand forecasts critical for the green energy transition?
-
Q&A with Randeep Somel, deputy fund manager at M&G Investments
How do the M&G Sustain team align their portfolios to the Paris Agreement?
-
Portfolio insights: Video interview with Dale Nicholls
Fidelity International manager Dale Nicholls highlights earnings as a major focus for Chinese equity investors in 2024
-
Portfolio insights: Video interview with Marcel Stotzel
Fidelity International manager on what he will be looking out for as we head into 2024
-
Video: Marco Lenfers, Vontobel Asset Management on decarbonisation
Metrics in impact investing provide the yardsticks for change.