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.
News
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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.
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Transact rings in another round of fee cuts
Transact has added fuel to the fire of the post-RDR price war with its eighth annual charge reduction in seven years.
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Aberdeen prepares for China move, say reports
Aberdeen Asset Management looks set to become the first British fund manager to become licensed to operate in China, as a deal with Beijing authorities is expected to complete this week.
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Walker Crips continues move into discretionary with MPS launch
Walker Crips Investment Management has taken the expansion of its discretionary capability another step forward with the introduction of a managed portfolio range.
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Rate hike still likely this year: fund houses
The Federal Reserve’s positive outlook for the US economy and for the unemployment rate suggests an interest rate hike is still highly possible this year, according to several fund managers.