AJ Bell’s assets hit record high of £90.3bn
Assets under administration for its platforms business were up 13% over the past year despite market uncertainty
News
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FCA to cut 70% of capital rules for investment firms
The current regulation is designed for banks, making them overly complex and an ‘unnecessary burdens on firms’
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Sustainable funds suffer worst quarter of outflows on record
Even long-standing support from Europe was retracted, marking the region’s first quarter of divestment since 2018
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Jupiter’s assets fall £1bn in first quarter
Its losses more than doubled to £2.3bn in April as tariffs plunged markets into uncertainty
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Quilter sees 181% jump in Q1 net inflows
But warns continued market volatility may affect full-year results
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Evelyn Partners hires former Paddy Power Betfair CFO
Alex Gresh has led multiple firms through transitional stages such as Cazoo and Sportsradar
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Nomura acquires Macquarie’s US and European business for $1.8bn
The deal will boost Nomura’s assets by 30.5% to $770bn as the Japanese firm expands its global reach
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HSBC AM launches pair of emerging market equity index funds
They are exposed to 24 emerging market economies covering 85% of the free float-adjusted market capitalisation in each country
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Weekly Outlook: Tesla and Amazon kick off first-quarter earnings season
Key events for wealth managers in the week beginning 21 April
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FCA sets out further CCI consultation on fee simplification
Final CCI rules will be set out in late 2025
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Man Group loses all Q1 gains in first half of April
It made $4bn in the first quarter before tariff fears wiped out $5.6bn from its assets in the first two weeks of April
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Safe haven no more? ‘US Treasuries are behaving like distressed assets’
Investors react to President Trump’s war on global trade by turning their backs on US assets… as well as equities and cryptocurrencies