Omnis dumps Schroders for Western Asset Management on £600m bond fund
Schroders head of fixed income Paul Grainger had been running the global mandate
Schroders head of fixed income Paul Grainger had been running the global mandate
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Terry Smith has previously been critical of the tech giant’s ecommerce business
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Finsbury Growth & Income Trust has this year delivered its weakest relative returns since 2007
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‘Alliance Trust is unusual in that it has a very large merger reserve’
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Silver now accounts for 40% of the portfolio due to growing industrial demand for the metal
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Both funds have been losing money since reopening in November 2020 after Covid-induced suspension
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Nick Train’s fund house is the largest shareholder in the UK drinks business
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Last year portfolio was repositioned to become more global
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Firm says the two models are to ‘create enduring worth, living in society not off it’
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Seeking to raise £300m through a placing of ordinary shares
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Mark Hargreaves becomes global head of newly created equities platform which includes fundamental and quant divisions
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Survey finds delivering on objectives is seen as more important
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