Coronavirus weekly round-up: Rishi’s budget and UK govt committee slams £37bn test and trace failure
Four investors mull the events shaping portfolios over the past week
News
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T Rowe Price acquires $53bn asset manager
Oak Hill Advisors specialises in private, distressed, special situations, liquid and structured credit
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FCA looking increasingly isolated with ban on bitcoin ETFs
Proshares Bitcoin Strategy ETF launch shows US catching up with Europe
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Al Gore seeks to close ‘impact gap’ with climate change asset manager
Just Climate will target companies that have potential to decarbonise the economy but have been ignored by traditional mandates
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Blackrock fund manager reportedly paid multiple times more than Larry Fink
Alister Hibbert brought in nearly half of Blackrock’s performance fees in 2020, according to Bloomberg
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CGT deadline extended for UK properties
Proposals to increase CGT to align with income tax remain unrealised for now
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FTSE led by pub stocks hopped up on overhaul to alcohol duties
JD Wetherspoons one of the biggest FTSE All-Share gainers after chancellor’s autumn budget
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Chancellor writes to BoE governor as inflation on course to hit 4%
Rishi Sunak uses today’s budget to reassure people worried by escalating global inflation, saying government is ‘willing to act’
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Rishi Sunak faces heat for tinkering with pension fees to fund infrastructure
Chancellor uses budget 2021 to propose changes to 0.75% cap on fund fees
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Edmond de Rothschild buys 42.5% stake in UK family office
Deal will help serve clients ‘who continue to see London as a major financial hub post-Brexit’
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R&M returns to ‘pure play’ asset management as it sells £42bn solutions arm to Schroders
Marks first significant development since Martin Gilbert backed Assetco snapped up stake in fund group
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Time Investments nabs strategic partnerships hire from LGT Vestra
Victoria Barber will work with wealth management partners to distribute real assets products