momentums retail push continues
Momentum has appointed David Thomas and Rebecca Nkoane to bolster its retail team in the UK.
News
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LandG takes full ownership of Cofunds
Legal and General (L&G) has acquired the remaining 75% share of Cofunds in a deal worth £131m.
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forget buxton schroders-caz deal brookes bank
Richard Buxton's departure has been overshadowed by the proposed acquisition of Cazenove by Schroders, and for wealth managers it is certainly the more pressing concern…
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FSA announces tpir for FCA
The FSA has outlined the temporary product intervention rules (TPIRs) that the FCA will use to restrict sales of a product when it identifies there is a significant risk to customers.
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Small depositors saved in Cyprus bailout
Cyprus may have so far avoided a ‘disasterous exit from the eurozone’, but commentators warn that its economy will shrink rapidly as offshore banking, its main industry is effectively shut down following a bailout deal worth 10bn.
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Baring launches new multi asset fund
Baring Asset Management has released details of its Euro Dynamic Asset Allocation Fund which aims to generate a total return including capital and income appreciation exceeding European cash rates over the medium to long term.
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lyttletons year of woe blackrock departure
Mark Lyttleton, former poster boy of the absolute return movement, has left BlackRock, following a year that saw him removed as manager of the core BlackRock UK Fund; apologise to investors for in his UK Absolute Alpha Fund; and take a three-month break from managing money over the summer.
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bens ketchup and fizzy drinks husselbee
Those commenting on Warren Buffett under-performing the S&P 500 – for just the ninth time in just shy of half a century – prove once again, as John Husselbee argues, the fallacy of a short-term outlook.
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schroders cazenove deal reached
Schroders has made a £424m offer for Cazenove Capital in an acquisition that will see all Cazenove funds their managers move across to the merged business, subject to shareholder approval.
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Griffiths bids adieu to Aberdeen
Paul Griffiths, global co-head of fixed income at Aberdeen, has left to pursue other opportunities after a four year stint at the asset manager.
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Aberdeen cautiously optimistic
Aberdeen Asset Management's AUM increased 10% in the first two months of the year, with strong flows into its GEM products seemingly unstoppable.
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Poor behaviour wont be tolerated
The FSA has published a business plan and risk outlook for the Financial Conduct Authority (FCA), stating how the new authority will protect both the needs of customers and the integrity of the financial services industry.