People Moves
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Canaccord Wealth appoints Wright as senior investment director
Gideon Wright will work from Canaccord’s London office
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Quilter hires Bloomberg journalist as investment strategist
Kit Rees replaces Lindsay James, who left the firm earlier this year
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Marlborough expands personal portfolio service
Ian Hardcastle, Stephen Bennet and Oliver Northover join Marlborough
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Castlefield appoints CEO as Eckersley steps back
Former head of client management Matt Ralph will take over the helm
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Aviva Investors names two additions to equity team
Max Burns to retire
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RQI Investors make four hires
Additions bring the team to 25 professionals
Product
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Pictet launches emerging market equity ETF
Adds to the firm’s AI-enhanced range
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Franklin Templeton broadens active ETF range
US-focused research ETF
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Schroders Real Estate provides first update post-merger
‘An encouraging start’, say analysts
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Scottish Oriental Smaller Companies launches strategic review
Review makes consolidation a potential option, according to analysts
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MillTech: Four in five UK fund managers are missing out on cash returns
Despite reviewing cash holdings 49 times a year
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Sycomore Asset Management launches European equity strategy
Fund targets companies involved in European sovereignty
Regulation
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MSCI Institute: Tech to become top strategic priority for asset owners
Tech’s contribution to investment outcomes to rise to 30%
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Platforms and MPS have converged, but due diligence hasn’t caught up
Current due diligence procedures can make platforms and MPS harder to use together
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MillTech: Four in five UK fund managers are missing out on cash returns
Despite reviewing cash holdings 49 times a year
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BNPP AM to overhaul ESG and net-zero methodologies under 2030 strategy
Also intends to enhance sustainability reporting at entity and fund level
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FCA launches consultation on illiquid assets
Responses due by 11 December 2026
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Alpha FMC: Is the consumer duty fit to govern AI in wealth management?
The FCA’s own review suggests the duty is fit for purpose for now, and less so as AI takes on more of the decision, particularly for wealth managers and retail investment firms
Companies
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Albemarle Street Partners to formally rebrand
Rename to take effect February next year
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Asset managers to expand AI use for decision-making and data collection
Almost all respondents said they were deploying AI in some form
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Invesco makes two hires for solutions and custom strategies platform
Clint Harris is promoted to global head of solutions and customer strategies, while Darby Nielson joins from Fidelity Investments
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Rathbones names former Schroders investment director as multi-asset specialist
Guinane brings over a decade of experience in financial services and investment insights to the team
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Quilter Cheviot names five additions to the business development team
Julian Stapleton and Chris Ashton join from Rathbones Group
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M&G Investments appoints Japanese equities fund manager
Sterling joins on the flagship M&G Japan strategy, contributing to stock selection and portfolio construction
Macro
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All eyes on Anthropic’s IPO plans as market pulls back
Big earnings season now under way
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UK’s labour market data ‘breaks a run of soft reports’
Real regular earnings growth, adjusted for inflation using the Consumer Price Index, came in at 0.8%
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Trump’s ‘energy ceasefire’ makes little impact on oil prices but equities edge higher
FTSE 100 edging up and remains near its record high
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Four in five asset managers believe market risk has increased
Liquidity and concentration concerns
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AJ Bell: Rachel Reeves voted worst of the past five chancellors
Reeves has been voted the worst UK chancellor of the previous five, according to research carried out by AJ Bell
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‘The calm may not last’: Financial happiness rises for fourth consecutive month
Dynamic Planner’s in-house benchmark recorded a slight rise in September
Videos
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Trust Talk: The AIC’s Richard Stone on activism, engagement and the Saba saga
First episode of a new PA video series
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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?
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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?
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Portfolio insights: Video interview with Dale Nicholls
Fidelity International manager Dale Nicholls highlights earnings as a major focus for Chinese equity investors in 2024
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Portfolio insights: Video interview with Marcel Stotzel
Fidelity International manager on what he will be looking out for as we head into 2024
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Video: Marco Lenfers, Vontobel Asset Management on decarbonisation
Metrics in impact investing provide the yardsticks for change.
