Martin Currie brings manager of defunct fund back into the fold
Martin Currie has brought former global equity manager Paul Sloane back into the fold as its hiring spree continues.
News
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FSCS battles death bond fund
The Financial Services Compensation Scheme (FSCS), which helps consumers when authorised financial services firms fail, is battling to recover money paid out to investors in a fund that went into liquidation but has since resumed making distributions.
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Schroders falls in line and dumps dual pricing
Schroders has announced it will bring the pricing of a number of its unit trust funds in line with a single pricing structure but it is unclear whether this will be cheaper for investors.
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FCA tells firms to prep for UK crashing out of EU
The Financial Conduct Authority has told regulated firms to prepare for the UK to crash out of the European Union with a “no deal” Brexit.
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WH Ireland CEO makes quick exit as AUM falls
WH Ireland CEO Richard Killingbeck is stepping down, as the company’s assets under management fall to £2.6bn in its results for the 16 months to March.
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Five absolute return takes on the Trump trade war
Absolute return managers weigh in on how they are positioned for the potentially volatile fallout of a US trade war as Donald Trump announces tariffs on $200bn of Chinese goods.
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Adviser association chief pleads for less EU regulation
The chair of the European Federation of Financial Advisers and Intermediaries (Fecif) has called on Europe to ease up on legislation for advisers.
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Competition watchdog seeks investment consultancy overhaul
The Competition and Markets Authority (CMA) has proposed a radical overhaul of the UK’s £1.6trn investment consultancy and fiduciary management industry after identifying conflicts of interest, a lack of competition and opaque fees.
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High Court shuts down cold-calling pension company
An abusive UK pension company that pumped millions into notorious ‘storage’ investments has been shutdown by the High Court.
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SLI Gars hits back at ‘sniping’ media in performance update
Standard Life Investment’s Global Absolute Return Strategy (Gars) has admitted prepping too early for the end of the cycle and vented about the level of media attention on its multi-billion pound outflows.
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Hermes defies tough GEM market with fund launch
Hermes Investment Management’s Gary Greenberg is launching his second emerging markets vehicle, which will focus on small to mid-cap companies, at a time when investors are pulling money out of emerging markets.
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Pacific Asset Management partners with UK advice firm
The asset management arm of Pacific Investments Group has entered into a strategic partnership with financial advice business Chartered Financial Management (CFM(UK)).
