Abrdn American Income Equity closes after largest shareholder exits
The divestment took a substantial portion of the fund’s assets, making it ‘no longer commercially viable’
News
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Hipgnosis hit with 26.3% reduction to portfolio valuation
NAV per share falls to $1.17 from $1.74 after independent valuation
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Weekly Outlook: Full-year results for Legal & General and Beazley
Key events for UK wealth managers for the week starting 4 March
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£95.3bn underperforming ‘dog’ fund assets leap 106%
Fundsmith Equity and Lindsell Train UK Equity among the funds named in Bestinvest’s latest Spot the Dog report
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China funds top performance in February with average 9% returns
Seven of top-ten returning funds belong to China
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A generational shift: HSBC AM’s Amrita Sanyal follows a childhood passion for the stockmarket
Sanyal discusses growing up, moving from India, and the state of women in finance
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Rob Burdett to exit Columbia Threadneedle
Portfolio managers Kelly Prior and Scott Spencer also exit amid a restructure of the multi-manager team
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RSMR makes Passive Plus MPS range available to wider market
The portfolios are now available to advisers across platforms
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London & Capital and Waverton IM to merge into £17bn wealth manager
Lovell Minnick Partners (LMP) will take a majority shareholding
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Evelyn Partners MPS enters position in Baillie Gifford Emerging Markets Leading Companies
Positioned highest risk model for the potential of an improved market outlook in Asia and emerging markets
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Matthews files all UCITS funds under Article 8 or 9
Six UCITS funds filed under SFDR Article 8
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Fidelity International appoints Keith Metters as president of business
Will replace CEO Anne Richards, who will return as vice chair