mam funds joins rdr ready club
MAM Funds has announced it will roll out a new non-trail commission share class across its range of funds in mid-March, as it joins Rathbones, Cazenove and Schroders in the drive to become ‘RDR-friendly’.
News
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fixed income and trackers drive lgim
Legal & General Investment Management saw net new business more than halve in 2011 to £3bn from £6.6bn a year earlier, even as assets under management grew 5% under its plans to expand globally.
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man group launches commodities fund
Man Group has launched a Commodities Fund for both retail and institutional investors, offering exposure to the asset class within a Ucits format.
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having licked its wounds liontrust
Just over three years since Lang and Pattisson departed Liontrust, the asset manager has announced its second acquisition in six months, taking its AUM back over £2bn. Under the tenure of John Ions the firm has undergone a remarkable recovery, but he is not finished yet, not by any means.
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pioneer brings strategy distribution to London
Pioneer Investments has named David Hanratty as head of both its UK and Ireland distribution division and its global strategic partners group, relocating him to London in the process.
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Pechlaner takes over from Schiessl at Ashburton
Jonathan Schiessl is to concentrate on Ashburton’s Asian fund offerings, with Veronika Pechlaner taking over his International Equity Funds.
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brooks macdonald asset and business growth
Brooks Macdonald’s half-year results show an increase in assets under management as well as a continuation of its growth strategy.
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liontrust strengthens uk equity
Liontrust is to buy Walker Crips Asset Managers (WCAM) for £12.3m, it was announced today, with Stephen Bailey and Jan Luthman who head up the division moving across upon completion.
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for 2012 read 2009 says hermes williams
Neil Williams echoes the thoughts of many suggesting the first quarter of this year has been a relatively good one, though he questions the outcome if these growth policies continue.
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mandg profit growth far outstrips asset growth
M&G’s annual results showed its profits for the full year 2011 rose by 22% while its assets under management grew by just 2%.
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standard life fee-based transition
Standard Life Investments saw third party new business of £4.3bn last year, down 24% on 2010, while group assets under administration (AUA) increased by nearly £6bn.
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Alan Gadd stands down head of Allfunds Bank UK
Alan Gadd is to take on a consultancy role with Allfunds Bank focusing on developments coming out of RDR.
