Baillie Gifford: We expect to get some picks wrong on US trust
The Baillie Gifford US equities team expects to get some of its unquoted stock picks wrong for its upcoming trust but argues that only a small number of exceptional growth companies matter.
JPMAM variable fee leaves room for further economies of scale
JP Morgan Asset Management’s decision to pass on some economies of scale through its operating expense fee is being welcomed as a step in the right direction, but asset managers should be re-examining their annual management charge in order to truly provide value for investors.
Housebuilders suffer after Berkeley production warning
UK housebuilders experienced a sell-off today after Berkeley Group Holdings warned it would not be able to boost production to meet the government’s demand for new homes.
Alfi chief bemoans regulation overload
The raft of sweeping EU regulations being introduced this year is creating an almighty headache for the asset management industry, says Denise Voss, chairman of the Association of the Luxembourg Fund Industry (Alfi), the investment trade body.
Lang Cat: 90% of platform assets at risk of disruption
Approximately 90% of the £519bn assets held on adviser platforms are subject to disruption from a major business change, according to the Lang Cat.