Former City Financial multi-asset manager leads Garraway MPS launch
Mark Harris joined boutique when it took on £240m in assets from troubled firm
Mark Harris joined boutique when it took on £240m in assets from troubled firm
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Fund lost investors 37% over H1 2019
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Absolute Equity posted a loss of 37% last year
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City Financial fell into administration late last week
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Compliance chief and COO break away to form business backed by City Financial investor
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£146m fund suspended dealing on 4 March
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London-based hedge fund has seen ‘a fall from grace’
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At a time when retail investors are piling into fixed income, City Financial’s head of multi asset Mark Harris has warned the bond bull market is essentially over.
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City Financial has announced it will launch three model portfolios in partnership with Novia Global.
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City Financial has sold The Adviser Centre to Embark Group for an undisclosed sum as greater consolidation in the DFM and platform sectors are expected.
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Peter Toogood, investment director, City Financial, gives his view on the current investment climate.
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It has been quite a start to the year in financial markets and the initial impulse many will have is to batten down the hatches and try to weatherproof portfolios.
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