Boiler room scam lands ‘Wolf of Wimbledon’ jail time
A fraudster known as the “Wolf of Wimbledon” has been given an additional four years in prison after failing to pay a more than £7.5m confiscation order, the Serious Fraud Office has confirmed.
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Board pans exiting Schroders manager as it shifts to Baillie Gifford
The board of the £303.4m Schroders UK Growth Trust has taken a parting shot at fund manager Philip Matthews, who is exiting the asset manager, as the investment trust shifts management responsibilities to Baillie Gifford due to underperformance.
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Autolus IPO ‘step in right direction’ for Woodford trust
The initial public offering (IPO) of biotech company Autolus is a “step in the right direction” for Neil Woodford’s Patient Capital trust but investors should be prepared for a bumpy ride, according to Winterflood Securities.
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Market volatility putting thousands of UK pension pots at risk
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to fears they could drain their retirement pots too quickly, research from Zurich has found.
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Wealth managers ‘taking advantage’ of clients’ trust
Half of UK investors don’t know what they are being charged by their wealth manager, according to discretionary manager Netwealth.
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Tatton M&A plans stall as assets hit £5bn
Tatton Asset Management has drawn in advisers outsourcing investment in light of Mifid II, taking assets close to £5bn, although it admits M&A plans are still “a work in progress”.
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Liontrust boosts AUM 61%
Sustainable investment and global fixed income products boosted Liontrust’s assets under management by 61%, according to its latest full-year results.
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Invesco reaches truce on ‘unsavoury debacle’ over fees
Invesco’s bout of bad publicity as it battled the Enhanced Income investment trust board over fees in a David and Goliath battle has come to an end with an announcement it will continue to manage the trust.
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Five emerging market views on Mexican elections
Mexico is set to lurch to the left when it goes to the polls this weekend with populist Andrés Manuel López Obrador, known by his nickname Amlo, the front runner in the presidential elections. Five managers weigh in on what Mexico’s politics mean for emerging market investors.
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BT chairman says finding female board members a ‘conundrum’
BT chairman Jan du Plessis has come under fire for suggesting it is difficult to find women with sufficient experience to sit on the complex boards of global companies.
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Where has £17.5bn of pension freedoms money gone?
About £3bn flexibly withdrawn from UK pensions is currently sitting in low yield bank accounts, with investors facing the “double jeopardy” of tax on withdrawals and low returns, according to research by AJ Bell.
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Blackrock manager faces further blow on fund downgrade
Blackrock manager Sam Vecht has suffered a further blow as the frontier markets fund he manages with Emily Fletcher is downgraded, less than two weeks after an investment trust he co-manages revealed it is winding up.
