Brown Shipley appoints private banking head
Brown Shipley has promoted Julian Hardiman to head of private banking, a newly-created role.
News
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manufacturing drop suggests triple dip
UK manufacturing output dropped sharply during October, according to the latest data, heightening fears that the country is on the brink of a third recession.
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discretionary not advisory investment trusts RDR
John Husselbee urges an end to the permanent debates over closed-ended versus open-ended, and active versus passive management, as the answer is "Yes" to all of the above.
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polar capital aum grows
Polar Capital's assets under management have grown in the year to the end of September to $5.3bn.
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svm global management contract to tender
Colin McLean could lose control of the SVM Global investment trust as the board has put the management contract out to tender with immediate effect.
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ascentric aua exceeds 5bn
Independent wrap platform Ascentric and its institutional arm IFDL have seen assets under administration (AUA) pass the £5bn mark over 2012.
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buxton and steer lose skandia mandates
Schroders’ Richard Buxton and Artemis’ Tim Steer have lost their mandates on the £275m Skandia Global Best Ideas Fund after the portfolio was switched to a new benchmark.
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is shale gas the new gold rush
The shale gas revolution playing out in the US is being hailed as a game changer, set to lower the country’s energy costs and benefit the whole economy. But will investment opportunities emerge on this side of the pond?
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lanning quits Henderson for jpm
Tony Lanning is to leave Henderson Global Investors to run the new range of multi-manager funds planned by JP Morgan.
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skandia global best ideas adds diversification
Old Mutual Global Investors has introduced a diversification strategy and awarded a new mandate in the £275m Skandia Global Best Ideas Fund.
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Jupiters Anthony Nutt sets out retirement plans
Jupiter's head of UK equities Anthony Nutt is to retire in 2014, passing on his £1.9bn Income Trust to Ben Whitmore on 1 January next year.
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glg to reopen japan corealpha funds
GLG Partners plans to reopen its two GLG Japan CoreAlpha funds to new investors from next week.