A new rankings table produced by Tilney Bestinvest has ordered retail equity fund managers according to value added and consistency over their careers, with no real surprises at the top end of the list.
Tilney Bestinvest’s clients continued to put money into US tracker index funds in October despite markets being spooked by the potential outcome of the presidential election.
Rowan Dartington has announced former Tilney Bestinvest man Peter Roper has been hired as an investment manager and will spearhead a move into the Scottish capital.
The Investment Association’s August fund sales data showed investors still proceeding with caution after the Brexit vote, favouring fixed income and absolute return strategies.
Although nearly half of the venture capital trust (VCT) management companies surveyed by Tilney Bestinvest saw little to no impact on demand for financing as a result of the Brexit vote, over two thirds said total fund raising levels would be lower this year.
Towry’s head of investment Andrew Wilson is to leave the firm after 22 years to pursue other opportunities.
Tilney Bestinvest Group has appointed Miles Robinson as head of investment management in London.
Prudential owned M&G Investments recorded £7bn in net outflows over the first half of the year, and saw a 10% slide in profits.
Tilney Bestinvest’s “Spot the Dog” report names M&G as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds.’
Tilney Bestinvest’s head of research Simon Moore has left the firm after seven years there.
Tilney Bestinvest has reported profit of £17.6m for the 12 months to 31 December 2015, its first full year since the merger in August 2014.
Tilney Bestinvest is launching a new “one-off advice service” designed to serve clients who require advice on investing a single lump sum or making a round of portfolio changes.
