IMA and ABI to complete merger switch chairman
The Investment Management Association and the Association of British Insurers Investment Affairs arm are set to complete their merger on 30 June and will become The Investment Association.
United Kingdom
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sgpb hambros grows new adviser team
As part of its strategic plan, the UK wealth management arm of the bank is switching its focus from products to services.
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bny mellon launches us opportunities fund
Lead portfolio manager Daglio believes that attractive market areas include financials, manufacturing and technology.
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St Jamess Place completes Henley Group
St Jamess Place, one of the UKs largest wealth managers, has completed its acquisition of The Henley Group.
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threadneedle appoints quartet for us equities team
Following the departure of head of US equities Cormac Weldon, Threadneedle has hired four to expand the team.
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jp morgan am hires bilton to head global strategy
John Bilton has joined JP Morgan AM as new head of the global strategy team.
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Carney speech could threaten FTSE 100 earnings
Mark Carney’s comments on interest rates at Mansion House last night are the clearest sign yet that a rise is not far off and could lead to earnings downgrades for some FTSE 100 companies.
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Thesis makes big move into defensive funds
Thesis Asset Management has increased its exposure to defensive style equity funds to take advantage of what it says is the relative cheapness of the underlying stocks, particularly in the mega-cap sector.
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fca says banks paid 1pt1bn for swap missselling
Banks nabbed selling miss-selling interest rate hedging products have forked out £1.1bn in compensation, the FCA said.
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headtohead invesco lat am vs blackrock strategic
With all eyes on Brazil as the World Cup championship heats up, this weeks head-to-head takes on two Latin American funds.
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treasury boe and fca roll out market abuse review
Chancellor George Osborne is launching a 12-month review of market abuse targeting the UKs foreign exchange market with tougher rules for criminal offences.
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Is it time to shun UK retail stocks
As Sainbury’s becomes the latest UK retail name to announce falling sales investors may well be asking themselves whether it is a sector to steer clear of all together in the near term.
