the big six herald it transformation
It is encouraging to see the largest investment trusts in the universe leading the way in terms of openness with investors.
News
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Vecht considers share issue
BlackRock Frontiers Investment Trust’s NAV has increased 22.4% over the past six months and the trust has outperformed its benchmark due in large part to its positions in the Nigerian banking sector and a holding in a UAE hospital operator.
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Another AM hire for Ashcourt Rowan
Ashcourt Rowan has maintained its recruitment drive with its second senior hire of the week, Kevin Norman joining its asset management business as head of middle office at its London HQ.
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pursglove joins artemis
Richard Pursglove has left Goldman Sachs Asset Management (GSAM) to join Artemis as head of retail from September, reporting to the company’s head of asset gathering Dick Turpin.
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Colclough appointed head of portfolio management
Chris Colclough has been appointed as head of portfolio management at Canaccord Genuity Wealth Management, and will take charge of developing relationships with local private clients and intermediaries.
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Platform competition hots up
The largest platforms have lost 20% of their market share over the past three years with the top five now accounting for 70% of total platform business, compared to 90% in 2010.
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swiss specialist propelling innovation
Alken Asset Management's Antoine Badel looks at the Swiss stock behind the efficiency of the latest bank on the UK high street – Metro Bank.
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odey breathless at beginning of bull
Well-known for his at times widely contrarian views, Odey Asset Management founder Crispin Odey is confident the global economic recovery will continue, and is suitably positioned in cyclical equities to benefit from it.
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Durrant and Philbin pair up
Former Skandia CIO Alan Durrant has paired up with renowned multi-manager specialist Richard Philbin for the launch of a boutique, Harwood Multi-Manager.
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Vanguard adds short duration ETF
Vanguard has launched the Vanguard UK Short Term Investment Grade Bond Index Fund, offering income and accumulation shares and aimed at investors looking to diversify their fixed income portfolios.
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Bellpenny completes eighth acquisition
Bellpenny has completed its largest acquisition to date with the purchase of The Country Partnership, a financial planning firm with around £200m under management putting itself on course to achieve its year-end target of £1bn under management ahead of schedule.
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woodford bags 11m bonus
Invesco Perpetual’s Neil Woodford has achieved three years of benchmark outperformance at the helm of the Edinburgh Investment Trust, which translates into an £11.5m performance fee.