Rathbone Brothers makes hay in first quarter with bumper asset growth
Wealth manager Rathbone Brothers has reported a 4.7% rise in funds under management to £35.8bn in the first quarter, driven by market gains.
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M’star criticises total return; says growth driven by timing
Keenly watched ‘total return’ figures are a poor guide to performance as investors’ timing drives their returns, Morningstar has warned.
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Mid-cap bias for slimmed down Fidelity Global Focus Fund
To help boost performance, Fidelity has decided to make some drastic changes to its Global Focus fund.
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FCA alumnus Percival hits out at flawed risk tools
Former FCA technical specialist Rory Percival has warned UK risk-profiling tools are offering wildly disparate asset allocation advice.
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Terry Smith fund balloons to £10.5bn as sales pour in
Terry Smith’s six-year old Fundsmith Equity fund has surged to £10.5bn in size as it continues to dominate execution-only fund sales charts.
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Eaton Vance targets European investors with global HY fund
Eaton Vance Management International has rolled out a global high yield bond fund, aimed at European investors.
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Quarter of asset managers ‘moving staff because of Brexit’
A quarter of the asset management businesses monitored by accounting giant EY have now announced plans to move operations to Europe due to Brexit.
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Rich List 2017: Familiar names galore but no sign of Woodford
This year’s Sunday Times Rich List has been published and several familiar names from the wealth management and investment industry are present.
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Fidelity poaches head of equity from Barings
Fidelity International has hired Sonja Laud as head of equity, responsible for managing its equity-income team.
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Aberdeen boss Martin Gilbert joins Glencore board
Outspoken Aberdeen Asset Management chief Martin Gilbert is rolling up his sleeves to become a non-executive director on the board of mining giant Glencore.
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Investors filled their boots in March as fund sales hit new record
Fund sales hit a record level in March as investors reached for UK and global equities, the latest statistics from the Investment Association show.
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EEA ‘death bond’ investors receive $54.5m payout
Investors in the ill-fated EEA Life Settlements Fund will receive a $54.5m (£42.1m, €49.9m) payout for their shares in the so-called ‘death bonds’.
