adviser confidence in global economy falls
Financial advisers’ confidence in the global economy has fallen in the second quarter of 2013 for the first time in twelve months, according to Skandia International’s latest survey.
News
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Union Bancaire Privee target global
Union Bancaire Privee (UBP) has launched an unconstrained bond fund which aims to offer flexibility and performance in all market conditions.
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RBC WM hires Ellis to head up investment offering
RBC Wealth Management has poached Daniel Ellis from HSBC Private Bank as head of investments, replacing Tracy Maeter who left in March.
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Adviser industry shrinks following RDR
There was a 15% drop in the number of financial advisers following the implementation of the RDR, according to updated figures from the Association of Professional Financial Advisers.
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Gibbs absolute nightmare
As the news broke yesterday morning of Philip Gibbs’s impending retirement, the first call I received was from Jupiter asking why press coverage had neglected his long-term track record. To back it up they sent me some historic press clippings…
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ING plugs EMD team gap with four new hires
ING has made four new appointments to its emerging market debt team following the mass exodus of 19 staff members earlier in the year.
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Hedge funds fall victim to global market glitch
Hedge fund returns fell into negative territory for the first time for seven months in June, amid speculation the US Federal Reserve was to slow down its asset purchase programme. .
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where has all the inflation gone
Bond markets entered June in some disarray, and none more so than US Treasury Inflation-Protected Securities (TIPS).
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Macquaries Thatcher joins Kleinwort Benson
Marc Thatcher has been appointed as the director of principle investments and advisory business at Kleinwort Benson, a new role created as the firm looks to expand its team.
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Retiring Gibbs passes baton
James Clunie has been named as the new manager of the Jupiter Absolute Return Fund, ahead of the retirement of current manager and firm stalwart Philip Gibbs.
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developed and em growth in opposite directions
While global growth in Q2 looks set to considerably outdo that of Q1, we are starting to see a divergence between the growth forecasts for developed and emerging countries, points out Andy Brunner, head of investment strategy and asset allocation for Morningstar OBSR.
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IFAs point the finger at banks
22% of IFAs expect an increase in the number and size of fines inflicted on firms, while more than half will avoid more providers because of poor information management systems, according to research by EDM Group.