Hendry: Brexit expands investment choice
The investable universe post the Brexit vote has expanded greatly and is “ripe” for barbell strategies, despite a likely UK recession, according to Eclectica’s Hugh Hendry.
News
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AXA IM appoints new CFO
AXA Investment Managers has appointed Jean-Christophe Ménioux as general secretary and chief financial officer.
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FTSE 100-linked structured products dominate in Q2
Of the 54 structured products linked to the FTSE 100 that matured in Q2, 52 made a gain the latest research from Lowes Financial Management shows.
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FCA ‘hampered’ HSBC money laundering prosecution, says report
UK chancellor George Osborne and the Financial Conduct Authority (FCA) intervened in a US investigation that could have seen Europe’s largest lender, HSBC, prosecuted for money laundering, a new report claims.
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Just 12% of millennials use financial advisers, says fintech app Bud
Millennials are more likely to turn to robo-advice than a financial adviser for help with their personal finances, new research suggests.
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Concept of open-ended property funds is absurd – Seneca
Last week’s suspension of several daily-traded, open-ended property funds demonstrates the concept is ‘absurd’, according to Seneca Investment Management.
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Sterling leaps as PM appointment soothes markets
Sterling leapt 1.4% today as markets welcomed the restoration of some stability in British politics following the referendum on European Union membership.
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Suspended UK property funds show model portfolio limitations – Coombs
The UK’s largest open-ended property funds gated flows or implemented exit charges to prevent a post-Brexit run on the asset class earlier this month, trapping £15bn ($19.8bn, €18bn) of investors’ cash and casting a cloud over the City. But many flexible investors were able to see the warning signs and evade the net, says David…
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72 financial services firms commit to Treasury’s gender targets
The HM Treasury published the list of signatories to its Women in Finance Charter on Monday – signed by 72 major financial services firms.
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Aberdeen extends suspension of UK property funds another two days
Aberdeen Fund Managers has announced its UK Property Fund and UK Property Feeder Unit Trust will remain closed to new subscriptions and redemptions until 12 noon on 13 July.
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Mifid II, Solvency II most concerning for asset managers
Mifid II and Solvency II are the regulations asset manager think are most important this year, with data collection, enrichment and delivery identified as the most challenging areas.
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Kepler joins with Ibbotson’s Zebra for first Ucits fund
Kepler Partners has raised $81m for its Kepler Liquid Strategies Ucits platform, giving investors access to its first fund managed by the Roger Ibbotson-led Zebra Capital Management.