Independent and Monks trusts to merge as James Anderson’s predecessor retires
Self-managed trust will see its assets rolled into £2.5bn Baillie Gifford run vehicle
News
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Abrdn swings to £320m loss in H1
As international inflows soften £132bn blow to LGIM’s assets under management
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Baillie Gifford UK small cap fund not delivering value
British Smaller Companies lost investors 18.5% in the year to 31 March 2022, while its benchmark fell 1.1%
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Ruffer doubles down on bearish calls as risk appetite comes roaring back
Investment company continues slicing equities exposure
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Latitude poaches Liontrust manager for investment team
Mike Totton was previously a co-manager on Majedie UK Equity Income and UK Focus funds
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Boutique favourites among £10.7bn ‘dog’ funds in Bestinvest report
Previous ‘pawful’ performers from Invesco and SJP redeem themselves in latest edition of Spot the Dog
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US small caps and tech stocks top performance charts in July
Investors betting central banks may be more reluctant to rise rates as economic growth weakens
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Weekly outlook: Quilter reveals H1 progress amid takeover rumours
Key events for UK wealth managers for the week starting 8 August
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Hargreaves profits dive as net new business drops 37%
D2C giant rakes in £5.5bn of net inflows in 2022, down from £8.7bn the year before
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RLAM property fund lands on watchlist despite performance pick up
One of two funds to receive worst score for performance in firm’s latest AoV report
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UK will enter recession in Q4 as BoE pulls the trigger on historic 50bps rate rise
Central bank now predicting inflationary peak of 13%
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Global equities haemorrhage cash in £4.5bn bloodbath for UK funds
Targeted Absolute Return redemptions hit £628m despite growing demand for alternatives to equities