Octopus launches two AIM VCTs as demand soars
Octopus Investments has announced it is raising £30m for two new AIM VCTs in reaction to “exceptional demand” for the vehicles.
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Morningstar downgrades Fidelity small cap fund
Morningstar has downgraded the Fidelity European Smaller Companies fund from a silver to bronze, casting doubts on its three-pronged management style.
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OMGI: Barclays to see more upside despite fraud charges
Old Mutual Global Investors believes there is “a lot of upside” to come from Barclays shares, despite the Serious Fraud Office charges.
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Signia Wealth promotes Rosenthal as investment chief exits
Signia Wealth has promoted its hedge fund investment boss Michael Rosenthal to chief investment officer as Etienne de Merlis gears up to leave the firm.
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CFA: Corporate bonds still perceived as overvalued
Investors have viewed corporate bonds as overvalued for the past five quarters, data has found.
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Shareholders sign off on Standard Life/Aberdeen mega-merger
Aberdeen Asset Management and Standard Life shareholders have emphatically approved the firms’ merger, paving the way for one of the biggest ever deals in the sector.
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Cazenove Capital appoints Mary-Anne Daly as UK chief executive
Cazenove Capital has named Mary-Anne Daly as its chief executive in the UK, filling the role left vacant after Andrew Ross moved to the firm’s parent group Schroders.
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Third of fund managers see consumer education as top challenge
Fund managers see educating people as the biggest challenge facing the industry today, according to a recent poll in London.
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AJ Bell dumps Schroders small-cap fund
AJ Bell has dropped Schroders UK Dynamic Smaller Companies fund from its favoured funds list following the resignation of its two managers earlier this month.
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US giant PGIM looks to spread its wings in Europe
PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.
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Sanlam switches on AI in ‘world first’ for fund industry
Sanlam has claimed it is now offering the world’s first ever balanced fund run by artificial intelligence and machine learning.
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Good times roll on for Liontrust as profits rise 18%
Asset manager Liontrust has reported a profit rise of 18% and hailed its seventh consecutive year in the black as it reported full-year results.
