Peter Hewitt to retire from fund management
Hewitt has managed the CT Global Managed Portfolio investment trust since its launch in 2008
News
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‘Worst case scenario’: Trump tariffs a hammer blow to Asian equities
China, Japan, India, Vietnam facing highest tariffs
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UK remains least popular market despite mounting disdain for US equities
Investors removed £1.4bn from UK equity funds in February whilst adding £496m to increasingly volatile US funds
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UK ‘least affected’ but tariffs paint ‘depressing’ picture for people and markets
Tomasz Wieladek, chief European economist at T. Rowe Price, said the UK will be the ‘least affected’ by the new policies
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M&G appoints Martin Towns as real estate head
Current head Tony Brown is set to retire end of June
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Trump places tariffs on all global trading partners, including 10% on UK
It had the lowest baseline tariff, with US importers being hit with taxes as high as 50% for goods from other nations
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Allspring Global Investments appoints Kate Burke as CEO
Kate Burke takes over from Joe Sullivan, who becomes chair of the board
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Small-cap specialist rejoins ex-Fidelity colleague at Goodhart Partners
Richard Tennant to reunite with Russell Champion
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UBP completes SG Kleinwort Hambros takeover to grow UK footprint
SG Kleinwort Hambros becomes Union Bancaire Privée (UK) Limited, with Mouhammed Choukeir appointed as CEO
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Euan Munro exits CEO role at Newton IM
CEO Euan Munro and CIO Mitesh Sheth leaving the firm
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James Rainbow joins St James’s Place Wealth Management as CEO
Rainbow previously headed up UK distribution at Schroders
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Morningstar appoints Ninety One EMD manager to multi-asset research team
Michael Diamantopoulos spent two decades at Ninety One before exiting last year