Latest Stories
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Brooks Macdonald and Rathbones make distribution hires
James Goward and Ben Johnson join Brooks Macdonald, while Rathbones has hired Schroders’ Kim Nelson
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Ninety One hires Alper Kilic as head of alternative credit
Kilic joins after over 16 years with Standard Chartered Bank
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UK retail equity ownership the lowest in the G7 as abrdn urges action
abrdn has called on the government to address the UK’s risk culture and boost retail participation in financial markets
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London Stock Exchange sees fewer than 20 IPOs in 2024
Proceeds outpace 2023 with £3.4bn raised
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Baillie Gifford: ‘We are appalled by Saba’s actions and conduct’
The US hedge fund’s ‘self-serving and destructive proposals’ are a veiled attempt to take effective control of UK trusts
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Pantheon’s Steers named in King’s New Years Honours list
Pantheon’s Helen Steers, M&G chair Edward Braham and TheCityUK CEO Miles Celic received honours
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Weekly Outlook: UK retail figures and M&S Christmas trading update
Key events for wealth managers for the week beginning 6 January
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Sarah Soar to depart Hawksmoor parent company
Michael Bishop to become managing director of investment management
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CIOs name trade wars and concentration risk as 2025’s top concerns
ARC market sentiment survey also found inflation to be among CIOs top risks for the coming year
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Chrysalis settles Revolution Beauty claim
Chrysalis sold its position in Revolution Beauty, which it had bought for £45m, for a near 90% loss in 2022
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Yearsley: Financials ‘surprise winner’ of 2024
Latin America plummets over 25% in the year
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The undervalued markets where managers are diversifying away from the US
Share prices in the US have reached dizzying heights, making cheaper equity markets more attractive
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Bank of England holds interest rates at 4.75%
Industry commentators turn their focus to the possible trajectory for interest rates in 2025
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FCA launches CCI retail disclosure consultation
AIC CEO Richard Stone says the new framework for CCIs, including investment trusts, ‘misses the mark’
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Trusts targeted by Saba campaign urge shareholders ‘take no action’
The US activist plans to replace the boards of seven trusts, in what some call an ‘entirely self-serving’ move
Analysis
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The undervalued markets where managers are diversifying away from the US
Share prices in the US have reached dizzying heights, making cheaper equity markets more attractive
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How do asset managers logistically prepare for major events?
After a record year of elections, how do asset managers prepare for the inevitable wave of client requests in the wake of major events?
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The key questions for asset allocators in the year ahead
The US, alternatives, fixed income and unloved assets all have the potential to disrupt markets in the coming year
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Is the gold price rally about to end?
The asset class has been hit by uncertainty, despite performing well for the majority of 2024
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Dimensional’s Dai: Indices not as passive as they appear
Trading as an index rebalances is ‘like buying roses on Valentine’s Day’, Dimensional’s Dai says
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Analysis: Is the end of the magnificent seven nigh?
Very much ‘the’ story of 2023, this year has proved to be more challenging for these mega-cap stocks
Investments
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Beneath the bonnet: The case for Sanofi, LVMH and IU Group
Three fund managers on stocks that are making a difference
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Small caps: UK bucks the borrowing trend
While government debt is on the rise around the globe, UK households seem to be heading in the opposite direction
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Hidden gems: Three below-radar funds in the IA Targeted Absolute Returns
Spotlight on the small funds that are flying above market returns but below investors’ radars
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Square Mile’s Fund Selector: IA Asia Pacific ex Japan funds to watch
Amaya Assan, head of fund origination at Square Mile Investment Consulting and Research, checks out the top performers and compelling newcomers
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AJ Bell: Passive funds ‘eating the lunch’ of active managers
Just a third of active funds outperform passive across a decade
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Trump tariffs: A looming disaster for the global economy?
SJP’s CIO Justin Onuekwusi looks at the potential impositions of blanket tariffs from a Trump presidency
Funds
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Property funds awarded ‘recommended’ ratings by Square Mile in November review
The TR Property Investment Trust and L&G’s Global Real Estate Dividend Index fund were highlighted
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RSMR awards three new ratings to Royal London, Dodge & Cox and L&G funds
The three fixed income funds are first-time entrants
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Are the negative flows from UK equity funds justified?
Outflows of £666m were seen from UK equity funds during the month of September alone, according to Calastone data
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Bestinvest: Liontrust, M&G and BlackRock mandates join Best Funds list for first time
JPM UK Equity Core, Alliance Trust, SPDR MSCI ACWI ETF and Xtrackers S&P 500 Equal Weight ETF also made the grade since March 2024
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The 15% of US funds that beat the S&P 500 over the past decade
How did these 20 active funds succeed where so many others failed?
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Ninety One Diversified Income promoted to Hargreaves Wealth List
The £845m fund is a good option for ‘cautious investors looking for an alternative to cash as rates fall’
PA Plus
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Northern Congress 2024: Interview with First Eagle’s Bill Hench
Speaking at Northern Congress, Bill Hench, head of the small-cap team and portfolio manager at First Eagle Investments, discusses why US small-cap value is a compelling investment opportunity, what he looks for in an attractive stock and why investors should consider the First Eagle US Small Cap Opportunity fund.
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Fund in Five: T. Rowe Price US Smaller Companies Equity Portfolio
In this new edition of Fund in Five, Michele Ward, portfolio specialist, equity division at T. Rowe Price, argues US small-cap stocks are at a “once in generation” valuation level relative to large-caps.
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South West Congress 2024: Interview with Aegon’s Colin Finlayson
Speaking at South West Congress, Colin Finlayson, investment manager at Aegon Asset Management, discusses the outlook for fixed income markets, the key risks facing bonds and the best way to take advantage of opportunities across the asset class.
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Bitesize: Why now for global small caps
In this Bitesize video, Kirsty Desson, investment director, global smaller companies at abdrn, looks at the factors driving the performance of global small caps and why now is a good time to be holding the asset class.
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Bitesize: The case for fixed income
In this Bitesize video, Luke Hickmore, investment director, fixed income at abdrn, gives his outlook for fixed income markets and what he is subsequently doing with his bond allocation.
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Fund in Five: Artemis UK Select Fund
In this new edition of Fund in Five, Ed Legget, co-manager of the Artemis UK Select Fund, discusses why having been out of favour with investors for several years, the valuations of UK companies are very low versus many other global equity markets.
Events
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PA LIVE: A world of higher inflation
6 February 2025Pan Pacific, London -
PA Live: Slicing the regional pie
6 March 2025Pan Pacific London -
PA Live Nordics: Being reactive, proactive and avoiding the noise
13 March 2025The Thief, Oslo -
PA Spring Congress
19 March 2025South Lodge Hotel, Horsham -
Beyond Finance Awards
20 March 2025 -
PA Live Channel Islands: Being reactive, proactive and avoiding the noise
27 March 2025Radisson Blu Waterfront, Jersey