Strategic Bond funds dumped for risk-off alternatives
IA funds suffer first net retail outflows since Brexit
News
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Active manager success rate worse than passive peers
Passive funds will survive and generate a return in excess of their average active peers
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Quilter revamps executive committee following IPO
Martin Baines steps down as Quilter Cheviot CEO
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Baillie Gifford trust ventures into unquoted companies
US Growth trust can hold up to 50% in unlisted securities
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Alliance Trust platform sale splits shareholders
ATS represents a third of the investment trust’s shareholder base
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Sterling now more vulnerable to Brexit, warns economist
Shift from foreign direct investment to short-term bank loans leaves currency at risk if no deal
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HSBC GAM nabs fixed income duo from Aberdeen and Barings
The bank’s asset management arm builds out its global bonds team
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Nucleus hires from Shell with latest appointment
Platform builds out its tech team with newly-created position
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IA takes aim at ‘profoundly flawed’ Priips
Some funds have disclosed negative or zero transaction costs under the new framework
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Pension annual allowance penalties leap to £517m
Record 16,590 people paying penalty on 2016-17 pension contributions
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Rebranded wealth manager swallows IFA firm
Combined group will have more than £2bn in AUA
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Ex-Hargreaves chairman to lead M&G Prudential demerger
Mike Evans joins as chairman of the board with immediate effect
