Investec closes robo-adviser after just two years
Bank not seen as ‘natural’ fit for robo space but some believe it should have stuck it out
Financial
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Multi-asset boutique increases European exposure
Boutique asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
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Financials entering a sweetspot – Invesco
Increased regulation and relatively low valuations are leading to significant opportunities in the US financial sector, says Invesco Perpetuals Stephen Anness.
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FCA seeks redress for investors
The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
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Firms face 460m annual bill for regulation
Advisory firms based in the UK are spending an estimated £460m each year on the direct and indirect cost of regulation, according to a recent study.
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Kemp leaves ASP
Dan Kemp, a founding partner at Albemarle Street Partners (ASP), has jumped ship to join Morningstar weeks before the launch of ratings venture, FundCalibre, where he was to take a leading role.
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James Powell joins RiverPeak Wealth
Newly-launched RiverPeak Wealth has announced its managing director, James Powell.
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GLG financials
GLG Partners has appointed Simon Price as an asset manager to focus on stock-picking opportunities in the US and Japanese financials sectors.
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City Financial Asia Macro
City Financial is to launch an Asian macro fund in the first quarter of 2014 to be managed by Geoffrey Barker in a joint venture with the group's Hong Kong subsidiary.
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FTT will damage Ucits competitive advantage
Financial Transactions Tax (FTT) will cost investors a minimum of 13bn annually at current transaction levels and could force asset managers to relocate outside of the FTT zone, warns the European Fund and Asset Management Association (EFAMA).
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clients not clients assets need to come first
Investment management is separate to financial planning – as it should be – but as clients' needs change so the two disciplines are being tied closer together.
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Portfolio management complaints surge
Portfolio management is ranked amongst the 20 most complained about financial products, the latest data from the Financial Ombudsman Service reveals.