Provident nabs Transact chairman as profits slump
Integrafin chairman Patrick Snowball has stepped down from the Transact parent to join Provident Financial.
News
-
-
Toxic culture claims shake LGIM’s ethical agenda
Several whistleblowers have reported Legal & General Investment Management to the Financial Conduct Authority (FCA), accusing the fund group of fostering a “toxic” risk culture that has potentially resulted in clients losing millions of pounds.
-
Gam suspends absolute return bond boss
Gam has suspended one of its investment directors after an internal investigation relating to risk management procedures, it announced today.
-
Five multi-asset managers rising through the ranks
From under-the-radar managers to unique investment strategies, Morningstar has published its biannual list of fund managers that show promise, but are not yet covered by the manager research team. Portfolio Adviser takes a look at the multi-asset funds available to UK investors in the Morningstar Prospects report.
-
Frikkee resurfaces at Waverton to revive ailing UK fund
Former Smith & Williamson equities fund manager Tineke Frikkee has resurfaced at Waverton Investment Management to revive its struggling UK Equity fund.
-
Premier launches global fund targeting 6% yield
Premier Asset Management has launched a global income fund, which will be co-run by Jake Robbins.
-
Fidelity launches ‘fulcrum’ fee for Special Situations fund
Fidelity International has rolled out its variable management fee share class for five of its flagship Oeics, including the £3.4bn Special Situations fund.
-
Somerset Capital members divvy £25m windfall
Somerset Capital Management, the emerging markets boutique manager co-founded by Conservative MP Jacob Rees-Mogg, has paid out £25.3m to members in its partnership.
-
Jupiter Dynamic Bond sheds investors from across risk spectrum
Jupiter CEO Maarten Slendebroek has said its Dynamic Bond fund is suffering outflows because Asian investors are more optimistic for junk bonds, while European investors do not find the fund defensive enough.
-
Failed Sicav targeted by financial investigator
Financial investigator David Mapley has launched a campaign to seek the return of $400,000 (£307,092) for a client who invested in the failed Columna Commodities fund.
-
Jupiter suffers £2.3bn redemptions as investors shun bond fund
Jupiter has continued to suffer outflows in the second quarter as investors remain standoffish from its multi-billion pound Dynamic Bond fund.
-
Compliance blamed for UK money laundering failings
UK anti money laundering efforts are struggling because heavy handed reporting rules are creating a glut in poor quality reports – a reform body has said.
