Close Brothers AM poaches from Rathbones
Oliver Harvey is the second Rathbones manager to join as part of investment group’s high net worth push
Oliver Harvey is the second Rathbones manager to join as part of investment group’s high net worth push
Climate change and human rights abuses land governments on negative screening lists
Speirs & Jeffrey to remain as a stand-alone business until June 2019
Rathbones has argued shareholders will welcome its expansion of a staff equity plan and denied it had been introduced in response to staff exits.
Rathbones results for H1 have revealed the investment manager has finally found a tenant for its former Mayfair offices, which have sat empty for more than a year due to softening demand for central London property after Brexit.
Rathbones’ deal to acquire Scotland’s second-largest wealth manager Speirs & Jeffrey could rise to £250m.
The UK’s Financial Services Ombudsman (FOS) has ruled in favour of Rathbones in a case where a client alleged the provider mismanaged his Self-Invested Person Pension (Sipp) portfolio, leading to its underperformance and a financial loss.
Rathbones suffered a 3% fall in funds under management (FUM) during the first quarter of the year, driven by market volatility and higher outflows.
Rathbone Investment Management has moved group finance director Paul Stockton into the newly created role of managing director as it looks to strengthen its executive team.
Psigma has appointed Rathbones’ Daniel Faulkner as investment director in its Birmingham office.
With yields verging on 3%, investors are starting to see US government bonds attractive as a safe haven, but is that the case as volatility has crept back into markets and equities have started to sell off?
Rathbones has removed its entire holding in Facebook from its Global Opportunities fund, with the fund manager saying the company has lost its consumer trust, but several investors continue to have large holdings in the stock.