Alliance Trust replaces Jupiter with Arga following Whitmore’s exit
The move follows Ben Whitmore’s exit from Jupiter, which ‘introduces potential risks’
The move follows Ben Whitmore’s exit from Jupiter, which ‘introduces potential risks’
Hugh Yarrow will become executive chair and remain lead manager of the Evenlode Income strategy
Receives go-ahead from China Securities Regulatory Commission
Nick White’s new firm aims to support boutique groups
Increases assets under administration by 5% for quarter
Proposed deal values Hipgnosis at $1.4bn – a 32.2% premium to its closing price last night (17 April)
Actively-managed ETFs have OCFs of 0.75%
Due to ‘muted demand’ for the single-themed strategy
It provides exposure to three commodity groups crucial to the next stage of the transition
Head of private assets Will Nicoll to take over his responsibilities later in the year
AVI Global Trust trades at 9.5% discount despite 66.9% return over five years
Gross outflows remained ‘elevated’ due to challenging macroeconomic backdrop