Terry Smith jettisons Johnson & Johnson from £25bn fund
Star manager’s tech holdings like Meta have been brutally punished in 2022 market downturn
News
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Investors in limbo after Janus Henderson suspends UK Property Paif again
It ‘once again underlines why open-ended property funds remain ill-suited to the daily dealing expected from Oeics’
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Lumin Wealth makes fourth acquisition
Deal brings group AUM to £800m
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Weekly outlook: M&G, LGIM and Berkeley report; UK GDP update
Key events for UK wealth managers for the week starting 7 March
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Gresham House makes raft of promotions for £900m VCT team
As its Strategic Equity Capital trust loses an investment director
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Surprise as Janus Henderson weighs up sale of its UK Property Paif
‘Temptation in this situation is to submit a redemption request asap and try and beat the crowd’
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Schroders joins Fidelity and Abrdn in halting investments in Russian equities
Boss Peter Harrison says Moscow stocks and bonds in ‘the realms of the utterly uninvestable’ following Western sanctions
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Schroders assets surge 10% as net inflows hit £35bn
Net new business in wealth arm, including Schroders Personal Wealth, doubles to £4.1bn in 2021
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Premier Miton wades into the institutional market
With BNY Mellon’s Chris Hamer named head of business development for the new strategy
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Square Mile ejects River and Mercantile fund following Dan Hanbury resignation
Liontrust Strategic Bond fund also sees rating yanked ahead of David Roberts’ retirement
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Downing adds infrastructure income fund to product line up
Oeic will target London-listed infrastructure and renewable energy trusts
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Brown Shipley poaches from Barclays Wealth & Investment for regional hiring spree
Raft of hires include eight client advisers and a managing director