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
Fund lost investors 37% over H1 2019
Absolute Equity posted a loss of 37% last year
City Financial fell into administration late last week
Compliance chief and COO break away to form business backed by City Financial investor
£146m fund suspended dealing on 4 March
London-based hedge fund has seen ‘a fall from grace’
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.
City Financial has announced it will launch three model portfolios in partnership with Novia Global.
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.
Peter Toogood, investment director, City Financial, gives his view on the current investment climate.
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.