husselbee slow recovery corporates above gilts
Now he has had time to digest last week’s Budget, John Husselbee assesses what it means for his investment portfolios, with a particular emphasis on his fixed income holdings.
Now he has had time to digest last week’s Budget, John Husselbee assesses what it means for his investment portfolios, with a particular emphasis on his fixed income holdings.
Coutts & Co has been fined £8.75m by the FSA for anti-money laundering (AML) control failings, which the regulator has termed “serious, systemic and allowed to persist for almost three years”.
Aberdeen Asset Management saw £10bn added to its AUM in the two months to the end of February, with a strong showing from its equity products largely to thank for the boost.
Simon Nichols has been appointed as lead manager on the Newton Bridge Fund, replacing Caroline Tye who has been promoted to head of private client business at Newton.
APCIMS has come a long way in the past year, so why for some does it still represent the industrys stuffy stock broking past rather than its modern multi-asset future?
The FSA has issued its final guidance on structured products, calling on providers to stress-test new products to ensure they are capable of delivering fair outcomes for investors.
Ignis Asset Management reported net new business up 31% year-on-year to £1.7bn as AUM rose to £81.5bn.
APCIMS is to drop the FTSE representative index it uses for global equities as part of an overhaul which could see further changes in the way it tracks bonds and alternatives.
Private wealth manager WH Ireland announced a return to profit for the year to 30 November, thanking Chancellor George Osborne’s supportive EIS legislation for a growth in business.
Philip Gibbs’ Jupiter Absolute Return Fund has been endorsed by Mick Gilligan, head of research at Killik & Co, who says his preservation of investors’ capital has been pleasing.
It’s no secret most absolute return funds have disappointed intermediaries, and their clients, by not fulfilling their aim of delivering returns above zero in any market conditions. But one fund has hit this target and it shouldn’t be punished for its peers’ transgressions.
Standard Life Investments (SLI) has changed the lead manager on its Higher Income Fund to David Ennett, as part of an internal restructure that will see Arthur Milson shifted to deputy manager.