Small cap star Plackett adds to Rathbones
According to a stock exchange announcement, Richard Plackett, who runs the popular BlackRock UK Special Situations Fund, lifted his holding of the company to above the 5% reporting threshold.
News
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Calastone enables auto rereg for 80 of FMs
Over 80% of UK fund managers can now automate their asset re-registration via associated third party administrators (TPAs), according to Calastone.
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Neptune Foster joins Harrington Cooper
Neptunes Henry Foster has joined specialist fund distributor Harrington Cooper as sales manager.
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Price war on cards as FMs turn to restricted
Further unintended consequences of the RDR may be a price war over discounts on active funds and a shift towards restricted offerings, according to a recent study commissioned by International Financial Data Services.
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Jitters over Royal Mail valuation soothed
Royal Mails first-half operating profits have doubled to £283m, helping its shares climb close to 5% and silence its critics over its valuation.
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Equities overvalued as Korea steals China crown
Investors have upped their allocation to both equities and bonds in spite of a majority belief that equities are overvalued, a view not held since March 2004.
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Kames readies 2014 PAIF launch
Kames Capital is to launch a Property Authorised Investment Fund (PAIF) in 2014s first quarter.
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Permira in final talks with Deutsche over Tilney
Buyout talks between private equity group Permira and Deutsche Bank over its Tilney assets are thought to be nearing their final stage.
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Allocean shipping investment offers 7 return
Allocean Maritime Investments is claiming to have launched the first direct commercial shipping assets investment regulated for the UK market.
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Theo Zemek to exit Axa IM
Theo Zemek will be leaving Axa Investment Managers at the end of the year with Barclays John Porter taking the reins as global head of fixed income.
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FCA fines SEI nearly for client money failings
SEI Investments has been fined £900,200 by the Financial Conduct Authority for client money breaches.
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Fund buyers must get braver now RDR is in force
The RDR will encourage a braver breed of fund buyer as they attempt to differentiate their offerings from the competition, according to the Group of Boutique Asset Managers.