StanChart adds funds to align with views
Three recent fund choices reflect Standard Chartered Private Bank’s views on the overweights it made a few weeks ago, said Steve Brice, chief investment strategist for group wealth management.
News
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FCA fines former Keydata exec £350,000
Former Keydata Investment Services finance director Craig McNeil has been fined £350,000 and banned from performing any role of “significant influence” relating to life settlement bond sales that took place six years ago.
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Eight in 10 IFAs say yield of 4%-plus is unsustainable
Eight in 10 intemediaries view investments that promise an income yield of more than 4% as unsustainable, an Aviva Investors study has revealed.
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Gresham House appoints managing director
Gresham House Asset Management is looking to capitalise on increasing usage of alternatives with the appointment of a managing director.
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Vestra hires three to build on HNW disillusionment
Vestra Wealth has responded to what it describes as high net-worth disillusionment with a triple investment manager hire.
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Manufacturing weakness adds to BoE woes
Growth in UK manufacturing output stalled for the first time in two years the latest Industrial Trends survey from the Confederation of British Industry showed.
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FCA finalises ExCo with Philipou hire
Georgina Philipou has been appointed chief operating officer at the Financial Conduct Authority.
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JPMAM brings in former R&M man to run equities mandates
JP Morgan Asset Management has announced the capture of former River and Mercantile equities specialist Alex Stanic.
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European Wealth follows 32% FUM jump with Bells acquisition
European Wealth has followed an FUM jump of 32% year-on-year with the acquisition of a high net-worth-focused financial planning firm.
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Elliott Associates adds to Alliance Trust stake
US activist investor Elliott Associates has seemingly cranked up the pressure on the management of Alliance Trust by raising its stake from around 12% to 14% of the company.
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Buy and sell or hide and hold – Navigating volatile markets
With global markets beginning this week in the same unpredictable vein as they finished the last, two stockpickers debate whether it is time to buy or hide and hold.
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Edmond de Rothschild hires Allianz man Lee to spearhead UK push
Edmond de Rothschild Asset Management has hired Allianz Global Investors sales director Daniel Lee to lead a new push into the UK market.