Neptune’s Cassell promoted on two UK funds
Neptune Investment Management’s Holly Cassell has been promoted to co-fund manager of the firm’s UK Opportunities Fund and deputy manager of its UK Mid Cap Fund.
Product News
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HICL posts positive results; proposes £205m share issue
HICL Infrastructure Company’s NAV per share climbed 4.8% in the year to 31 March, to 149p, while the board today announced a proposal to raise £205m through an issue of ordinary shares by tap issuance.
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Morningstar downgrades Burdett and Potter funds
Ratings agency Morningstar have bumped two F&C Multi-manager funds down their rankings, citing high charges as a “drag” on outperformance.
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Neptune China fund manager Douglas Turnbull exits
Neptune Investment Management’s £32m China fund manager Douglas Turnbull has left the firm after more than 10 years.
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Lombard Odier adds family office team to distribution line-up
Lombard Odier Investment Managers is broadening its distribution team in a bid to cater for family offices across Europe.
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Smith & Williamson latest to embrace AI trend with new fund
Smith & Williamson is the latest fund manager to try its hand at the artificial intelligence game, with the launch of a thematic global equity fund.
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Pension funds’ focus on premium investments has driven up fees 50%
The average fee paid by pension fund clients has risen sharply in the last decade as the funds have focused on more expensive investments, according to a report.
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Kames moves to breathe back life into UK Opportunities Fund
Kames Capital has launched a series of measures to reinvigorate its UK Opportunities Fund, including appointing a new co-manager.
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Chelsea to offer “something for everyone” with fund range launch
Chelsea Financial Services has launched a new range of four managed funds designed by Darius McDermott and the research team.
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Old Mutual moves to protect UK Dynamic Equity from excess growth
Old Mutual Global Investors has announced measures to reduce inflows of client money into its £540m UK Dynamic Equity fund run by Luke Kerr.
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AJ Bell grows revenues amid record new client sign-ups
Online savings firm AJ Bell has reported rapid growth in its revenues after it added almost 12,000 customers in the space of six months.
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Vanguard direct-consumer platform a ‘step change in customer experience’
Vanguard’s new direct-to-consumer platform has been hailed as a potential threat to established investment-distribution giants, in research by Platforum.
